BIZCHINA> China Insurance
![]() |
Foreign insurers foray into China's car insurance market
By Li Huayu (chinadaily.com.cn)
Updated: 2008-04-16 16:41 ![]() Sorry, the page you requested was not found.Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home pageCopyright 1995 -
. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
![]() ![]()
Statistics from the China Insurance Regulatory Commission show that in the first two months, foreign property insurance companies gained about 549 million yuan ($78.45 million) in premiums in China, accounting for 1.49 percent of the country's total property insurance premiums. Foreign property insurers are all eying China's vehicle insurance market. Quite a number of them have considerable business experience. For instance, Hyundai Insurance, having just upgraded its China branch into a subsidiary, controls a significant share in the South Korean vehicle insurance market, while the United States' Motors Insurance Corporation does well in handling vehicle insurance frauds. Some foreign property insurers had entered China's vehicle insurance market before the launch of the compulsory traffic accident liability insurance, which later ate away most of their business. Statistics show that from January 2007, Tokyo Marine & Nichido received no more revenue from vehicle insurance, and American Insurance Group also saw great drops in its vehicle insurance premiums. ...... The full text is available in the April Issue of China Insurance. (For more biz stories, please visit Industries)
![]() Sorry, the page you requested was not found.Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home pageCopyright 1995 -
. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
![]() ![]() Popular in 24 Hours Popular in 1 Week
|