Mainland life insurers are seeking training in areas such as asset allocation, asset-and-liability management and liability-driven investment, heralding a major shift in approach.
After being cleared to conduct over-the-counter equity derivatives, the securities firm seeks to target insurers initially. It sees room for growth in this area amid CSRC liberalisation.
The Monetary Authority of Singapore has set out recommendations from its Financial Advisory Industry Review. Insurers may be relieved the rules don't go as far as some expected.