Middle East North Africa - Financial Network

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Report Name: Non-Life Insurance in China
Issue Date: October 2012
Price: $1950
The Chinese nonlife insurance segment continued to grow at a healthy rate, largely unaffected by the ongoing uncertainties surrounding the global economy. Allowing foreign insurers to write compulsory motor thirdparty liability insurance has provided an impetus for growth. However, large domestic insurers are anticipated to continue to dominate the segment over the forecast period (20122016) while smaller operators are projected to gradually increase their market share. Although the Chinese nonlife insurance segment recorded rapid growth during the review period (20072011), it remains largely underpenetrated due to low levels of product awareness, weak penetration rates in rural areas and restrictions for foreign insurers.
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