Motor Insurance in China - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-21 21:11:04
The Chinese motor insurance market had a total gross premium income of $76.1bn in 2012, representing a compound annual growth rate (CAGR) of 24.5% between 2008 and 2012.
The personal segment was the market´s most lucrative in 2012, with a total gross premium income of $54.4bn, equivalent to 71.4% of the market´s overall value.
The performance of the market is forecast to decelerate, with an anticipated CAGR of 14.7% for the five-year period 2012 - 2017, which is expected to drive the market to a value of $151.1bn by the end of 2017.
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