Foreign insurers struggling with the market
Pudong district in China © J. Patrick Fischer, CC BY-SA 3.0 |
Non Chinese life insurers have increased their market share from 4% in 2011 to 5.6% in 2013, but which remains below the 8.5% reported in 2005. The situation is even worse in non life insurance where foreigners account for only 1.3% of the sector's turnover.
Despite these difficulties, 41 foreign insurance companies have settled in this market while many other insurers set foot on the country by opening representation offices there.
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Fri, 16/01/2015 - 15:17
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