The Taiwanese authorities are preparing to lift their ban on cross-straits insurance business, though they will retain limits on the total value of policies that can be written on the mainland, Associated Press reported in August. Currently, five companies have representative offices on the mainland and several told Shanghai Daily that they expected the ban to be dropped. The China Insurance Regulatory Commission said that it was aware of the impending change but had not been officially informed.
Taiwanese companies are thought unlikely to make big inroads into the mainland market, as most of them were too small to meet the commission's requirements on minimum size of assets for foreign insurers.
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