Highlights
National bancassurance self-discipline considered
(chinadaily.com.cn)
Updated: 2009-11-30 14:18
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Despite lengthy negotiations between Guangdong's insurance association and banking association since this June, the local convention on bancassurance self-discipline has gone nowhere.
"The negotiations are in a stalemate," said Guangdong Insurance Association's deputy general secretary Tang Qi, one of the negotiating representatives. "The problem lies in that life insurers pursue a lower commission rate while banks ask for a higher one."
Up until now, the two sides have been unable to decide the timetable of the convention launch. However...
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