Regulations likely to benefit China's insurers

Regulatory changes regarding foreign investment are likely to benefit the position of China’s emerging life insurance industry, according to Standard & Poor’s. With the recent news that Ping An Insurance, the country’s largest life insurer by gross premium, has obtained formal approval to invest $1.75 billion outside of the mainland, the rating’s agency stresses that the industry is expected to see benefits over the long term in terms of investment diversification and improved performance.