China's insurance watchdog is looking for trouble in the wrong places. The regulator is raising warning flags over the industry's riskiest investments from corporate raiding to large-scale deal-making.
The insurance industry is ripe for technological disruption, but the results may be dicey. Some areas of banking services, notably payments, have been relentlessly targeted by start-up companies since the financial crisis.
Those looking to buy a life insurance policy can now ask agents how much commission will be paid from the premium and the agent will have to disclose this. Earlier, this was applicable only for unit-linked insurance plans (Ulips).