Xinhua, a state media outlet, reports the “guideline” comes from the Ministry of Industry and Information Technology and the National Financial Regulatory Administration.
“The country will further improve the supporting policies and regulations, promote the application of cybersecurity insurance among enterprises, and cultivate more high-quality cybersecurity insurers, said the guideline.”
Some might say the PRC has done plenty to help the US cyber insurance market by creating demand.
China unveils guideline on cybersecurity insurance development-
Source: China unveils guideline on cybersecurity insurance development