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Expanding ties between banks and insurers

By Xie Qi (chinadaily.com.cn)
Updated: 2007-04-24 11:43

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Meng Zhaoyi, director of the international affairs department of the皇冠体育app Insurance Regulatory Commission, recently said that cooperation between the banking and insurance sectors should develop further, especially now with more banks getting into the insurance business.

 

Meng said as the financial system is reformed in 皇冠体育app, more new business modes should be explored aside from the existing ones. For example, banks can initiate insurance companies.

 

At present, banks and insurers cooperate in the forms of agent services, equity investment and joint ventures.

 

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