Will China privatise reinsurance risk?

Reinsurance, like many aspects of finance in China, is a work in progress. The leadership transition is raising hopes among professionals that this field will also be liberalised. New premier Li Keqiang talks about boosting household incomes. One way to do this is to expand the availability and range of insurance products, which are limited in China. Insurance companies need third parties to assume some of their risk in order to expand their product offering. That is the role of…