BUREN contributed to sixth edition of GILC Risk RADAR report

Jan Holthuis, partner at BUREN, contributed the China chapter to the sixth edition of the Global Insurance Law Connect (GILC) Risk RADAR report.

This report brings to light the most pressing insurance challenges in every jurisdiction. This year the insurance industry is supporting, those affected by climate change, responding to increased cyber threats, and embracing the potential for innovation presented by artificial intelligence, all against a backdrop of geopolitical risks. Alongside this, the insurance industry continues to face regulatory and compliance challenges in relation to consumer protection, and in some cases, this is holding back local industry growth potential.

The Chinese insurance market is evolving in the face of regulatory reforms, technology advancements, and shifting consumer preferences. The increasing awareness of risk management is generating rising demand for insurance products and services. Regulatory authorities have implemented measures to ensure market stability, safeguard, consumers' rights, and promote innovation.

To find out more about the key changes to the insurance outlook in China and 28 other countries, please click on the button below to have access to the full report.

Sixth edition of GILC Risk RADAR report