Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China's CIRC chairman appointed IAIS Executive Committee member
+ -
07:43, October 28, 2008

 Comment  Tell A Friend
 Print Format  Save Article
Wu Dingfu, China Insurance Regulatory Commission (CIRC) Chairman, was elected as International Association of Insurance Supervisors (IAIS) Executive Committee member.

The appointment indicated the country's position in world insurance regulation field has been raised, said the nation's insurance regulator CIRC on its website on Monday.

This will help China to play a more active role in enhancing international insurance supervision cooperation, and to participate in enacting world insurance regulation in a wider scope, the CIRC said.

IAIS was established in 1994. It represents insurance regulators and supervisors of some 190 jurisdictions in nearly 140countries. Executive Committee is the top decision-making organ.

It was the first time that a Chinese insurance regulatory official has been elected as executive committee member.

China's premium income ranked the ninth in 2007 worldwide, which stood at 703.58 billion yuan (102.67 billion U.S. dollars).

Although premium income is expected to top one trillion yuan this year, the country's insurance industry still lags far behind developed countries in terms of population coverage and premium income amount.

Source: Xinhua

  Your Message:   Most Commented:
30th Anniversary of China's Reform and Opening-up
The Treasury's $ 700 billion rescue is a double-edged sword
ASEM summit closed session focuses on global financial crisis
Financial crisis is teaching us how to spend money
Half-ton Mexican man dies after pleading for help

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved