“Personally, I would very much welcome the entry of foreign insurers into the Chinese market as these established industry players would bring in more advanced business philosophies, management practices, as well as better risk management capabilities, which would be highly beneficial for the industry to learn from,” the CEO, who co-founded Huize with five partners in 2006, told Insurance Business.
Ma said Huize maintains good communication and cooperation with many foreign (re)insurers, and that it is this first-hand experience of working with them that has allowed the insurance product and service provider to improve its own business management and develop
