Small Chinese insurers face struggle to survive

Small insurance companies in China face a struggle to survive after the recent regulatory crackdown targeting aggressive sales and investment practices, note industry observers. “In the next two to three years, some of them may start to surrender in one way or another, getting smaller and smaller till [their size is] not meaningful any more, and we expect to see market consolidation,” said Jennifer Law, director of Asia ex-Japan insurance, equity research at BOCI Research. The C…