Foreign insurers' market share remains low: Study
By Hu Yuanyuan | China Daily | Updated: 2011-12-06 07:58
|
According to experts, competition with domestic insurers, such as People's Insurance Company of China Holdings Co, and a shortage of talent are the greatest barriers for foreign insurers. Keith Bedford / Bloomberg |
BEIJING - More than half of the foreign life insurance companies operating in China estimate that their business has grown 20 to 40 percent in 2011, but their market share is expected to remain low, PricewaterhouseCoopers (PwC) said in a report released on Monday.
Photo
