Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Non-Life Insurance in China, Key Trends and Opportunities to 2017

China non-life insurance market: $82.6 billion industry estimated during 2012


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-03-28 22:53:01 - Non-Life Insurance in China, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

Undeterred by the economic slowdown and weak global market conditions, the Chinese non-life segment recorded a review-period CAGR of 22.8%, with gross written premiums reaching CNY521.1 billion (US$82.6 billion) in 2012. As of 2012, 59 non-life insurers were active in China. Of those, 38 were domestic and 21 were foreign. The five leading firms accounted for around 74% of the total gross written premium.

Motor insurance was the largest category in the segment in 2012, accounting for 76.7% of the total gross written premium. The recent liberalization of foreign investment laws, rapid urbanization and development of agriculture insurance will support the growth of the non-life segment over the forecast period.

State-owned and domestic insurers dominate the segment with foreign insurers representing 1%

 

 

of the total gross written premium. Motor insurance was the largest category in the segment in 2012, accounting for 76.7% of the total gross written premium.

The Chinese non-life insurance segment is highly concentrated, with the five leading firms accounting for around 74% of the total gross written premium in 2012. Liberalization of foreign investment laws, rapid urbanization and development of agriculture insurance will support the growth of the non-life segment over the forecast period.

Click for report details: www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..

Browse all Finance and Banking Market Research Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..

Browse all Finance and Banking Company Profile Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Company-P ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com