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BestWeek Asia-Pacific: As China Gets Its First Captive, Prospects Grow for Energy Companies

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© Business Wire 2013
2013-01-23 22:53:57 -

China has gained its first locally incorporated captive insurer as an alternative risk financing option, which industry analysts see as a sign the country’s businesses are developing more sophisticated risk management strategies, the latest BestWeek Asia-Pacific reports.

As many Chinese companies, particularly state-owned leading oil and gas producers and suppliers with high strategic values, are growing big enough to reach the top 500 international firms, the country’s insurance regulator has given a green light to the country’s largest petroleum company to set up its own property captive insurer. BestWeek Asia-Pacific examines this new market in China and the challenges it may face going forward.

Also featured in BestWeek Asia-Pacific is a look at Sun Life Financial’s acquisition of a life insurance and

takaful business in Malaysia and what that means for the bancatakaful market in that country.

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