Catastrophe insurance scheme on the way, but huge risks may deter insurers from taking part

China’s social security reforms are set to spur the development of a catastrophe insurance scheme, but experts said the lack of risk transfer tools will make insurers less keen to enter the non-profitable business.

via Business feed http://www.scmp.com/business/china-business/article/1372667/catastrophe-insurance-scheme-way-huge-risks-may-deter