A Study on Strategies for the Development of Liability Insurance

Liability Insurance has really made handsome achievements ever since it came into existence in China in the 1980's. The past twenty years have witnessed the whole process of how it was launched and developed. The development of liability insurance, which is now lagging behind owing to the deficiency of legal systems and the inadequacy of effective supply and demand, relies mainly on the optimization of its external environment, better management performance of insurance companies, more liability insurance products and efficient measures to be taken over risk control.