NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/02/18 - Increasing disposable incomes, awareness and distribution in unexplored markets will drive the growth of insurance premium in China, at a CAGR of around 24% during 2011-2014, says RNCOS.
According to our research report “China Insurance Sector Analysis”, China’s insurance industry is one of the fastest growing insurance industries in the world driven by rapid growth in both life insurance and general insurance products. The industry is at a brink of another high growth cycle with swift increase in awareness about benefits of getting insured, not only among individuals, but also among business fraternity. Insurance premiums in China are expected to grow at a CAGR of around 24% during 2011-2014.
As per our research, the country will witness a growing market for products in life insurance segment, especially in investment-oriented and health insurance products after a promotional move by the central agency. Besides life insurance segment, general insurance segment will witness growth in commercial property insurance, agriculture insurance, and so on apart from typical motor insurance segment.
Further, our report discusses the direction, in which, the insurance is likely to move in near term considering the possible impact of unavoidable natural catastrophes. The report also features forecast for all business segments of the Chinese insurance industry including reinsurance, which is not very old in the country, but is attracting interest of major players in the global industry. Our report also includes changing dynamics of market share among various categories of insurers in the industry.
Besides, our report provides a deep analysis of the regulatory developments in the country’s insurance industry. The report has also identified key players and provided their detail business description along with SWOT analysis and recent activities.
“China Insurance Sector Analysis” covers all latest developments of the Chinese insurance sector. The report discusses all the important performance indicators of the sector in detail. Besides, the report analyzes the trend of macroeconomic factors critical to growth and their impact on the industry. Additionally, the report sheds light on the emerging market opportunities, which are expected to decide the future of the China’s insurance industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.