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China's CIRC launches registration system for reinsurance industry; aim is to mitigate risks

( March 12, 2015, 07:59 GMT | Official Statement) -- MLex Summary: The China Insurance Regulatory Commission recently issued its “Notice on Matters Concerning the Administration of Registration for Reinsurance,” which aims to further improve a specialized regulatory system for the reinsurance sector, the CIRC said in a statement Thursday. The registration system is expected to increase market transparency, mitigate credit risk and prevent the transmission of international financial risk through reinsurance.  The regulator's statement follows. The full text of the notice can be found here....

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