, China
Photo from Pixabay

New guidelines set out for Chinese cybersecurity insurance

Insurance companies will be incentivized to offer diverse cybersecurity insurance services.

The Chinese government issued a guideline to enhance the growth of the cybersecurity insurance sector. 

The guideline outlines plans to refine supporting policies and regulations, encourage the adoption of cybersecurity insurance among enterprises, and foster the development of top-notch cybersecurity insurance providers.

In addition, insurance companies will be incentivized to offer diverse cybersecurity insurance services that cater to various cybersecurity risk management needs.

ALSO READ: China Life Insurance, bankers in the talks of $2b bond

The Ministry of Industry and Information Technology and the National Financial Regulatory Administration jointly released the guideline.

Cybersecurity insurance is considered a new type of insurance service that will bolster enterprises' ability to handle cybersecurity challenges, thereby facilitating the digital transformation of small and medium-sized enterprises in the country.

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.