Look for an improving operating environment for the insurance industry in China, said a recently released Standard & Poor's report.
In a new publication titled "China Insurance Outlook 2006-2007″, the rating agency said factors such as improving operational fundamentals, strong potential growth, and regulatory commitment to policyholder interests are likely to offset challenges such as tough competition, a lack of talent, and weak capitalization.
"We found the outlook for the industry encouraging and expect premium growth to remain strong," said Standard & Poor's analyst Connie Wong.
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