Opportunities reducing for China motor tie-ups, says KPMG
Foreign insurers are looking to capitalise on the opening of the motor market and rising M&A activity in China. This follows the removal of restrictions to write compulsory third party liability insurance, according to a new industry survey by KPMG.
Responding to the results of the survey, Tony Compton, head of insurance consulting, KPMG China, said: "Acquisitions are in play, but perhaps at first sight they may appear expensive, but there is a
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