China government catastrophe guarantee 'needed urgently', says Munich Re
He Hua, a catastrophe consultant for Munich Re in China, has called for the industry to put more pressure on the government to introduce a public private partnership to help guarantee the payments of catastrophe claims, especially for large earthquakes.
Speaking at Insurance China 2013 on 16 July in Shanghai, Hua argued that policyholders, the government and insurance industry would all benefit from a catastrophe insurance fund as China is prone to
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