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Insurer plans China joint venture

Reuters, January 19, 2009

Health insurer WellPoint is selecting Chinese partners for a joint venture in the country. WellPoint provides medical management consulting services in China through WPMI Enterprise Consulting and Services Co, which was set up in 2008. Chinese health insurance companies are struggling with high operating costs and a lack of a mature set of rules governing the industry, with some starting to sell investment-linked insurance policies to survive.