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China Regulator Urges Insurers to Expand Natural Disaster Coverage

July 29, 2021

China’s banking and insurance regulator said on Thursday that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings.

It also plans to raise public awareness of risks, to let natural disaster insurance play a greater role in national emergency response, the China’s Banking and Insurance Regulatory Commission (CBIRC) said in a statement sent to Reuters.

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