- New global survey from Economist Intelligence Unit(EIU) and Willis Towers Watson highlights majority of executives around the world feel their organisations can do better when it comes to learning from their past cyber mistakes
- Chubb launches special new environmental risks report-"Global Management of Environmental Risk"
- ICISA members say demand for trade credit insurance and surety developing favourably
- IPCC opens review of 2019 Refinement to National Greenhouse Gas Inventories
- Two new committee chairs at LIIBA-involved in modernisation of London Market
- LV= in trial agreement with Optal to streamline claims payments
- MS Amlin and Cytora in new partnership to deploy artificial intelligence into commercial underwriting processes expired
- Willis Towers Watson introduces new version of ResQ, its loss reserving software expired
- Florida-based SUNZ Insurance goes live with Sapiens CompSuite Policy solution expired
- SSP to integrate Northdoor Sanctions Checker solution to assist its broker client base expired
- MAPFRE announces senior appointments expired
- Gallagher announces Matson to replace Chilton as CEO, UK Brokerage and Underwriting Division later in the year expired
14th March 2018
China to merge insurance and banking regulators handing more responsibility to People's Bank of China
China is giving its central bank the power to write the rules for the financial sector, as part of a sweeping overhaul aimed at closing regulatory loopholes and curbing risk in the $43tr banking and insurance industries.
The China Banking Regulatory Commission(CBRC) and the China Insurance Regulatory Commission(CRIC) will be merged in the biggest industry overhaul since 2003. Some of their functions, including drafting key regulations and prudential oversight, will move to the People’s Bank of China, according to a proposal unveiled yesterday during the National People’s Congress, reports Bloomberg.
CIRC Trends(71 articles)