ING Capital Life commences group insurance
China joint venture granted approval to underwrite group life insurance and expand into Liaoning province.
ING Capital Life Insurance Company has announced a major business undertaking in the highly lucrative mainland insurance market. The joint venture between ING Groep and Beijing Capital Group will find itself tapping into new markets after receiving permission from the China Insurance Regulatory Commission (CIRC) to underwrite group life insurance policies and expand its base from Dalian and Beijing to include Liaoning province.
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