Profitability under pressure at Chinese insurers, says Towers Watson
Softening rates, increased expenses and loss ratios will see China's insurers profitability come under increasing pressure according to Jenny Lai, consultant, property and casualty insurance, China, Towers Watson.
Lai, pictured, told Andrew Tjaardstra, editor, Asia at Post: "In 2013, profitability was under pressure as rates softened. The COR was about 100% - loss ratios increased as did expense ratios. This
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