Plat­form to reg­u­late in­sur­ance agen­cies

China Daily (Canada) - - TORONTO -

The China In­sur­ance Reg­u­la­tory Com­mis­sion will launch an elec­tronic plat­form us­ing tech­nol­ogy of big data and cloud com­put­ing to ef­fi­ciently mon­i­tor and reg­u­late the coun­try’s in­sur­ance in­ter­me­di­ary agen­cies, the reg­u­la­tor said on Wed­nes­day. The sys­tem, to be com­pleted in three years, is aimed at help­ing the reg­u­la­tor in its crack­down on illegal ac­tiv­i­ties such as mis-selling and illegal fi­nanc­ing by in­sur­ance agen­cies that have mush­roomed in China in re­cent years.

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