New Market Report: Non-Life Insurance in China, Key Trends and Opportunities to 2017
Undeterred by the economic slowdown and weak global market conditions, the Chinese non-life segment recorded a review-period CAGR of 22.8%, with gross written premiums reaching CNY521.1 billion (US$82.6 billion) in 2012. As of 2012, 59 non-life insurers were active in China. Of those, 38 were domestic and 21 were foreign. The five leading firms accounted for around 74% of the total gross written premium. Motor insurance was the largest category in the segment in 2012, accounting for 76.7% of the...
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