Reinsurance in China, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-28 22:57:01
The Chinese reinsurance segment grew at a review-period CAGR of 16%. In 2012, the treaty reinsurance category accounted for 75.5% of the reinsurance segment. China Re continued to dominate the segment with a 63.0% share in 2012.
The CIRC´s 12th five-year plan included the formation of a national natural disaster risk-transfer program, plus improved loss models and data, which will lead to growth in demand for catastrophe insurance and reinsurance.
With notable developments taking place in China´s overall insurance industry, the reinsurance segment in China exhibited a healthy CAGR of 16% during the review period. Natural disasters have significantly impacted China during the review period, causing large-scale loss of life and property damage across the country. China Re continued to dominate the segment with a 63.0% share in 2012.
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