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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.

This edition is available at www.bestweek.com/asia : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. and www.bestweek.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

BestWeek is published by A.M. Best Co. for insurance professionals. To subscribe, visit www.ambest.com/sales/BestWeek : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

BestWeek can be accessed on iPads and mobile devices at www.bestweek.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .
On your iPad or mobile device, click on BestWeek digital to log in.



Founded in 1899, A.M. Best Co. is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

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A.M. Best Co.Iris Lai, +(852) 2827 3400 iris.lai@ambest.com : mailto:iris.lai@ambest.com


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