“The Regulation of Insurance in China” by Professor Zhen Jing

A new book: “The Regulation of Insurance in China” by Professor Zhen Jing (Law School of Bangor University) has recently been published by Routledge. This book consists of 24 chapters and 1472 pages. It provides a comprehensive and systematic analysis of rules of law and administrative regulations on China’s insurance industry and insurance market, covering four level of regulatory hierarchy − the statutory law, the regulations enacted by the central government, the regulations developed by the insurance supervision and regulation authority of the State Council, and self-regulations by the insurance industry. This book discusses most aspects of the regulatory structure in China, including formation of an insurance company, its internal controls and risk management, corporate governance, operation of insurance business, solvency, insurance fund investment, the role of intermediaries in the market, the regulation of some important types of insurance, regulation of mutual insurance institutions, protection of policyholders, and the industrial self-regulation. 

The law of insurance can be broadly divided into two distinct topics. One is the law of insurance contracts, which governs the contractual relations between the insurer and the insured. The other is insurance regulation, which can be generally defined as a mechanism used to control the behaviour of participants in an insurance market. The contractual aspect of the Chinese Insurance Law has been considered in a previous book by Professor Zhen Jing: Chinese Insurance Contracts: Law and Practice which was awarded the 2017 British Insurance Law Association Book Prize. The regulatory aspect of the Chinese Insurance Law is considered in the new book. 

Publication date: 28 June 2021