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Insurance- Overview
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Article List (Total 22 articles)
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People's Insurance (Group) Co. of China ( 06-08-24 )
It was established in October 1949. In July 1996 it was reorganized and operated under the name of People's Insurance (Group) Co., as approved by the State Council. With the state investment, it assumes different kinds of insurance and reinsurance both at home and abroad. Its main functions are: ...
A Brief History of the Insurance Industry in China ( 06-08-21 )
Before 1949, most of China's insurance industry was controlled by foreign companies operating from Shanghai. The current largest insurer in United States, American Insurance Group (AIG), was founded in Shanghai in 1919. Most other insurers were large foreign companies that left China entirely after 1949, though some retreated to Hong Kong. From 1949 to 1976, the insurance industry in China essentially ceased to exist. Few Chinese owned personal property, and almost all businesses enterprises ...
China's Insurance Industry Preparations for the WTO Accession ( 06-08-21 )
The Chinese government has taken a number of steps and measures to prepare China's insurance market for the post-WTO accession competition. (1) China is improving the legal structure by having CIRC issue new regulations for insurance firms in general and also for foreign-funded insurance firms. China is considering amending its basic insurance law in the near future. CIRC has already set up a nationwide regulatory framework with 33 branches throughout China in preparation for the expansion of ...
The Market Potential of China's Insurance Industry ( 06-08-21 )
Foreigners have been motivated to enter China's insurance industry by their desire to participate in the largest potential insurance market in the world. In 1980, when the insurance market was first reopened as part of the post-1979 financial reforms, insurance premiums totaled only RMB 640 million (US$ 77.4 million). Beginning in 1980, China's insurance market grew at an average rate of 26%, reaching RMB159 billion (US$19.2 billion) by the year 2000, a 249 fold increase! The growth rate of ...
37 foreign insurance companies has entered Chinese market by May 2005 ( 06-08-21 )
By May 2005，thirty-seven foreign insurance companies have begun operations in China and three more were preparing then to open businesses. China's insurance market is now opening up to the outside. By May 2005, 27 of the 46 insurance companies listed in top 500 companies by Fortune in 2003 have set up their agencies in China. China has 69 insurance companies and more than half are foreign-invested. Due to some reason, however, foreign insurance companies only account for about 3 percent of ...
The Importance of China's Insurance Industry ( 06-08-21 )
Profile of China Life Insurance ( 06-08-14 )
Profile of China Pacific Insurance (Group) Co.,Ltd ( 06-08-14 )
A Brief Introduction of Taikang Life Insurance ( 06-08-14 )
Introduction of Taiping Life ( 06-08-14 )
Foreign Stake in Life Insurance JV Capped at 50% ( 06-08-14 )