Nearly eight years after China launched a sweeping crackdown on aggressive practices among insurers, efforts to dismantle risks in troubled institutions are far from over, leaving, by some estimates, 1 trillion yuan in troubled assets.
Targeting insurers backed by private conglomerates, which leveraged their sprawling reach in the finance sector to fuel risky expansion, the crackdown has toppled freewheeling giants like Anbang Insurance Group and Tomorrow Holding.
