China boardroom update - Issue 08, July 2009
In China, the Chinese Insurance Regulatory Commission (CIRC) is making strides towards enhancing risk management by insurers. In Europe, the European Union's (EU) Solvency II regulatory regime for European insurers is moving towards its expected implementation in 2012, and the Framework Directive has been passed by the European Parliament. This China Boardroom Update examines, at a high level, some of the key similarities and differences between the Chinese and European approaches across certain areas.