The new Best’s Briefing, titled “Savings-Type Life Insurance Business Under Stricter Regulatory Oversight And Intervention in China,” notes that the savings-type life insurance business with minimum guarantees has grown rapidly amid volatile equity markets and falling interest rates.
In mid-August, the CIRC rolled out additional supervisory measures focused on universal life business interest margins, as intense competition in China’s life insurance market has seen medium- and small-size life insurance companies offer higher interest rate guarantees in universal life products in order to increase their market share. In
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