All-Asia rules could accelerate industry growth, Lloyd's says

Asian nations can speed insurance industry growth by harmonizing
regulation across borders, Kent Chaplin, chief executive of
Lloyd's Asia Pacific, told a gathering of industry leaders in
Macau yesterday.
Chaplin compared the region to Europe, noting that regulatory
consistency across the European Union's 28 member nations
supported the development of transnational risk capital pools and
make them available to relatively small local markets.
"An important advantage‎ that we've seen from the
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