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China Life Insurance Sector takes a Giant Leap
Oct 20, 2006
According to recent news, there’s been a remarkable increase in the profits of China LIC (Life Insurance Co.) during the 1st half of 2006. The insurance company is said to have earned around 8.97 Billion Yuan during this period as compared to 5.21 Billion Yuan in the year-earlier period.
As per Macquarie’s research note released Sep 18 2006, the results would probably be dominated by investment gains from both sharp rally in the equity markets in China and strong post IPO rally of Bank of China, of which China Life holds 394 Million shares.
Bank of China has cautioned a slow down in the equity markets in China. Growth in policy fees and premium is likely to decelerate from 22 percent to 15 percent in the 2nd half of 2006.
“China Insurance Sector Analysis (2006)” the latest market research report published by RNCOS- a market research and analysis firm- provides an analytical overview of every aspect of the insurance sector in China.
According to this report, “Higher income among the Chinese and growing need for financial products to safeguard any unexpected loss are the main drivers for the China insurance market. Considerable amount of time and efforts have been put in to develop modern insurance solutions, so that insurance needs among the Chinese are met.”
Issues and facts addressed by this report include:
- Marketing strategies of key players in the insurance industry.
- Growth in Health and Group insurance driving the Insurance sector in China.
- Demographic factors, like death and birth rates, which affect the insurance market in China.
- Emerging opportunities and challenges in this sector.
- Factors that spur the growth of Life and Non Life insurance in China.
About the Report
RNCOS report on insurance sector in China provides extensive research and objective analysis of the Insurance Sector in China. It helps clients in analyzing the opportunities critical to the growth of Insurance market in China.
To purchase your copy: http://www.rncos.com/Report/IM069.htm
To purchase your copy: http://www.rncos.com/Report/IM069.htm
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Media Citation
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