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China’s insurance regulator promoting rural housing insurance against natural disasters

( June 12, 2015, 04:03 GMT | Official Statement) -- MLex Summary: The China Insurance Regulatory Commission said in a statement that overall rural house insurance premiums in 2014 reached 699 million yuan ($112 million), insuring 72 million rural houses with total insurance coverage up to 940 billion yuan. The CIRC, along with the Ministry of Civil Affairs and the Ministry of Finance, has been promoting rural housing insurance in recent years by launching pilot programs nationwide to provide adequate protection for rural houses against natural disasters.The statement follows:...

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