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• W2767486499 abstract "<p><em>In March 2017, China Insurance Regulatory Commission issued</em><em> </em><em>Notice on </em><em>M</em><em>atters </em><em>R</em><em>elat</em><em>ed</em><em> to </em><em>the</em><em> </em><em>P</em><em>rovision of </em><em>G</em><em>uarantee </em><em>M</em><em>easures for </em><em>Offshore</em><em> </em><em>R</em><em>einsurers, and announced the formal establishment of a deposit system for Offshore reinsurers.</em><em></em></p><p><em>This measure </em><em>improve</em><em>s</em><em> China</em><em>’</em><em>s reinsurance regulatory system</em><em>. It can not only </em><em>prevent the cross-border transfer of foreign financial risks through reinsurance exchanges </em><em>but also</em><em> promote the smooth and healthy development of Chin</em><em>ese</em><em> reinsurance market.</em><em> </em><em>The establishment of Offshore reinsurance margin system provides institutional guarantee for the construction of international Offshore reinsurance in China</em><em>. </em><em>India</em><em>, a</em><em>s a major shipping country in the world, has superior geographical location and mature shipping business.</em><em> </em><em>The establishment of international reinsurance center plays an important role in promoting the</em><em> development of</em><em> India</em><em>’s</em><em> insurance market and shipping market.</em><em> </em><em>Offshore reinsurance business account</em><em>s</em><em> for </em><em>greater proportion</em><em> </em><em>in</em><em> business structure</em><em> of</em><em> the international reinsurance center</em><em>.</em><em> The establishment and development of Offshore reinsurance center in India need to compete with many mature Offshore reinsurance companies in the world. Singapore is </em><em>not only </em><em>Asia</em><em>’</em><em>s largest international financial center </em><em>but also</em><em> one of Asia</em><em>’</em><em>s largest international reinsurance centers</em><em>. </em><em>Its Offshore reinsurance market is more mature</em><em>. </em><em>In the past 10 years</em><em>, it</em><em> </em><em>has </em><em>maintain</em><em>ed</em><em> a steady growth trend</em><em>, </em><em>which</em><em> can</em><em> provide a reference for the development of Offshore reinsurance business in India. This paper begins with the development conditions and market data of Singapore Offshore reinsurance market, </em><em>analyzes the </em><em>development </em><em>of </em><em>Singapore</em><em>’s </em><em>Offshore reinsurance market</em><em> and the development of the domestic insurance industry in India</em><em>,</em><em> </em><em>combi</em><em>nes</em><em> with the analysis of the advantages and disadvantages of Mumbai, Kandla Port and other places,</em><em> and </em><em>puts forward suggestions for the development of Offshore reinsurance business in India.</em><em></em></p>" @default.
• W2767486499 created "2017-11-17" @default.
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• W2767486499 date "2017-11-07" @default.
• W2767486499 modified "2023-09-25" @default.
• W2767486499 title "The Development of the Offshore Reinsurance Market in Singapore and Its Experiences for India" @default.
• W2767486499 doi "https://doi.org/10.22158/rem.v2n5p205" @default.
• W2767486499 hasPublicationYear "2017" @default.
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