China launches insurance exchange

China's first insurance exchange platform, the Shanghai
Insurance Exchange (SHIE), launched yesterday (12 June).
The platform has an initial registered capital of 2.2bn yuan
($341mn) contributed by 91 companies, according to Shanghai
Daily.
The exchange will allow for the launching and registering of
insurance products and derivatives, with a focus on international
reinsurance, marine and specialty insurance.
One source told Asia Insurance Review four platforms
will be set up as part of initial