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Top Biden Allies Worked for Group With Close Ties to Chinese Communist Party
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The National Insurance Corporation of Eritrea (NICE), which was established in 1992, has come a long way to become an organization of great reputation. It has three operation centers, Asmara (Head Office), Massawa, and Assab, and markets its services through a network of agents across the entire country and globe.
NICE, the only insurance corporation in Eritrea, gives life and non-life insurance services and believes strongly in the virtues of reinsuring insurances. Reinsurance is a case where multiple insurance companies share risk by purchasing insurance policies from other insurers to limit their own total loss in case of disaster. The goal is to ensure that no insurance company has too much exposure to a particularly large event or disaster.
Ageing China boosts private sector role as pensions time bomb ticks Reuters 1 hr ago
BEIJING, May 20 (Reuters) - China is tweaking its $1.2 trillion pension system to increase private sector involvement as its population ages rapidly and underfunding looms, but experts say fundamental changes are needed to provide adequate safety nets.
The China Banking and Insurance Regulatory Commission (CBIRC), the country s top banking and insurance regulator, said at the weekend that it is expanding a pilot program of private pensions into two more regions - Chongqing and Zhejiang province.
And sources with direct knowledge of the matter told Reuters CBIRC is also considering endorsing a list of private pension funds and appointing a group of professional managers to run them under a new scheme.
Ageing China boosts private sector role as pensions time bomb ticks
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