Just this month, a former finance minister said official economic indicators failed to paint an accurate picture of China’s economy, and publicly available data did not show how many firms had vanished.
State media says China’s crackdown on Big Tech since last year has been ‘strong and effective supervision, regulation and guidance’, not ‘suppression’.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Best’s Market Segment Report: Regulatory, Economic Upheaval in New Zealand Testing Life Insurers
February 4, 2021 GMT
SINGAPORE (BUSINESS WIRE) Feb 4, 2021
New Zealand’s life insurance market is being tested by regulatory developments and a pandemic fuelled economic downturn, with the uncertainty surrounding the COVID-19 fallout potentially challenging premium growth opportunities in the near term, according to a new
AM Best report.
The
Best’s Market Segment Report, “New Zealand Life Insurers Resilient Despite Regulatory Changes and Economic Headwinds,” states that the life insurance industry in New Zealand has a track record of robust operating performance, driven by generally favourable underwriting results. The report also notes that while the industry is capitalised sufficiently, solvency levels vary widely among insurance companies and that some life insurers have e