China has the potential to become one of the most significant insurance markets in the world
11/17/2009

Bharatbook.com added a new report on "Booming China Insurance Sector" evaluates the growth prospects and market potential of China Insurance Sector.

Online PR News – 17-November-2009 – – China is one of the largest untapped and fastest growing insurance markets in the world. 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. ( http://www.bharatbook.com/Market-Research-Reports/Booming-China-Insurance-Sector.html )

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”.

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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