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China is one of the largest untapped and fastest growing insurance markets in the world. With rapid economic development and a burgeoning consumer class, China has the potential to become one of the most significant insurance markets in the world. Driven by a variety of demographic, economic and regulatory factors, this growth should continue at a solid pace in the foreseeable future, says our recent research report, “Booming China Insurance Sector”. ( http://www.bharatbook.com/Market-Research-Reports/Booming-China-Insurance-Sector.html )
Exploring the market development and potential, this research report offers objective analysis on China’s insurance industry. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a guide to the direction in which the market is likely to move in future. This report therefore serves to provide foreign investors with an in-depth understanding of China’s insurance market.
Key findings of the report are:
§ Personal insurance premium income is forecasted to grow at a CAGR of about 24% during our forecast period spanning from 2008 to 2012.
§ Life insurance premium income is expected to rise to about RMB 1384 Billion by the end of 2012, growing at CAGR of about 25.5%.
§ Growing role of bancassurance and investment-linked insurance products will decide the future of life insurance industry in the country.
§ Property insurance premium income is forecasted to grow at CAGR of about 21% during 2008-2012.
§ Booming China’s automobile (including two- and three-wheelers) industry will continue driving country’s property insurance market during the forecast period.
Report features:
§ Detailed analysis on the current status of insurance market in China.
§ Overview on the fastest growing products.
§ Future outlook of the Chinese insurance market.
§ Growth prospects and major roadblocks in the market.
To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/Market-Research-Reports/Booming-China-Insurance-Sector.html
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