A pressing need: China offers a huge opportunity for all insurance lines, but especially for property/casualty writers

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By Pang-Hsiang Chye, Joy A. Schwartzman | 01 February 2009

China had a unique opportunity to be the first country to develop an earthquake insurance system ahead of a major catastrophe. That opportunity was lost with the 2008 Sichuan Province earthquake, but the event spurred increased dialogue about the country's P&C insurance needs.

This article from the February 2009 issue of Best's Review discusses the opportunities for insurers and reinsurers seeking to enter the Chinese market along with the associated cultural and regulatory challenges.