NEW YORK--Global insurers must realize they cannot impose U.S. or European insurance methods upon a different culture such as Asia or China, the head of an international insurance enterprise said at an industry conference here.
That advice was delivered by Mario Vitale, chief executive officer, Global Corporate in North America for Zurich North America, speaking at a joint meeting of the Association of Professional Insurance Women and the New York Chapter of Charter Property Casualty Underwriters.
Mr. Vitale also warned that the United States' diverse insurance regulatory system is impeding the entry of foreign capital to its insurance marketplace.
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