NU Online News Service, Dec. 11, 9:20 a.m. – New York Life Insurance Company, New York, and MetLife, New York, both announced today that they have received approval from Chinese authorities to establish life insurance operations in China.
New York Life established a representative office in Shanghai in 1994 and since then has opened additional offices in Beijing, Guangzhou and Chengdu.
New York Life says it has invested in infrastructure projects in China, adding that it has also provided technical training courses on insurance regulation and supervision to Chinese regulators in Beijing, Shanghai, Guangzhou and Tianjin.