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May
31

China Likely to Adopt Cyber Rules for Insurers Despite Foreign Business Concerns

From: Insurance Journal

By Michael Martina

Controversial cyber security regulations for China’s insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade Beijing to change tack.

Those groups say the draft measures are vague and discriminatory, and industry experts say international insurers could be required to source substandard or insecure technology or software in order to do business in China, or use products incompatible with their global operations.

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