ANBOUND: Social Credit Should Be Rebuilt to Handle Mutual Insurance and Joint Insurance Crisis
ANBOUND
Under the pressure of economic slowdown, there have been many mutual insurance and joint insurance problems. ANBOUND research team believes that the radical reason that leads to these problems is information asymmetry. Rebuilding social credit system is the fundamental way to solve this crisis. The government, enterprises and banks should try in many aspects to rebuild the fragile social credit and temporarily stop the crisis at the same time.