Yesterday the China Insurance Regulatory Commission issued a statement flagging what it sees as key risks for the industry, after admitting failing to properly address malpractice.
Though curbs on mainland insurance firms investing overseas have been relaxed, return expectations and restrictions on derivatives are seen as hurdles to flows into multi-asset strategies.
A move to allow insurers to outsource investments offers a key growth channel for domestic asset managers and looks set to stir competition for mandates.