China's Insurance Industry Set to Boom in Coming Years
Increasing awareness about insurance, disposable income, and distribution network in unexplored markets will drive the growth of insurance premium in China, growing at a CAGR of around 24% during 2011-2014, says RNCOS.
- (1888PressRelease) March 26, 2011 - According to our research report "China Insurance Sector Analysis", China's insurance industry is one of the fastest growing insurance industries and is proving to be the locomotive of the global insurance industry, driven by rapid growth in both life insurance and general insurance products. The industry will soon witness another high growth cycle with swift increase in awareness about the 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 following promotional moves by the central agency. Growth will be prominent in investment-oriented and health insurance sub segments. Besides life insurance segment and typical motor insurance segment, general insurance segment will witness growth in commercial property insurance, agriculture insurance, and so on.
Further, our report provides thorough research and prudent analysis to determine 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 Chinese insurance industry including reinsurance, which is though not very old in the country, 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 in the insurance sector of China. The report thoroughly discusses all the important performance indicators of the sector. Besides, the report analyzes the trend of macroeconomic factors critical to the 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.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM300.htm
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About RNCOS:
RNCOS 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.
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