NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/07/16 - With the limited penetration and growing demand for private health insurance, the health insurance premiums in China are expected to grow at CAGR of over 32% during 2009-2013.
As per our new research report “China Insurance Sector Forecast to 2013”, the health insurance market in China is at the nascent stage of development and offers huge potential for growth. As per our estimations, the health insurance premiums are expected to grow at CAGR of over 32% during 2009-2013. Presently, the health insurance accounts for even below 10% of the total personal insurance premiums earned by insurers.
Moreover, the Chinese government has recently announced health insurance reforms aimed at providing 95% of the population with health insurance and spending about US$ 125 Billion on health-care improvements by end of 2011. Therefore, the health insurance sector has miles to go in future and presents huge opportunities for foreign as well as domestic insurers.
“China Insurance Sector Forecast to 2013” provides an extensive research and objective analysis of the growing Chinese insurance industry, its structure and demand potential. The report has identified the important players operating in the sector. The key players section talks about business profiles of all leading players. Moreover, it has analyzed all the emerging trends, including important drivers and key challenges, to help investors understand the market conditions.
The report has also identified the possible growth areas for expansion in the Chinese insurance market. Most importantly, the report has figured out the expected insurance sales of both life insurance and non-life insurance industry, including their sub-segments like health, motor, fire, etc. The forecast is not based on any complex economic model but is the correlation between the past market growth and growth in base drivers, penetration level, rise in living standard, GDP growth, competitive structure and government support.
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.