China's insurance industry has evolved rapidly since 2005, nowhere more so than in the motor insurance category. Large profits and considerable growth have followed the introduction of compulsory motor third-party liability insurance (MTPL), and an exponential rise in new car sales. This favorable situation has attracted many domestic and international companies to enter the Chinese motor insurance market.
During 2011, the Chinese motor insurance industry represented 71.8% of the country's non-life insurance market. Market growth, coupled with the motor insurance category’s dominance of the non-life segment are attributable to the introduction of compulsory MTPL as of July 1, 2006, and the significant increase in car ownership that recently saw China overtake the US as the largest new vehicle market in the world. During the review period (2007–2011), rising levels of personal wealth led to an average annual increase of 25% in the number of privately owned vehicles and a situation whereby the Chinese motor insurance industry grew at a CAGR of 25.65% during the review period.
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Reasons to buy
- Make strategic business decisions using top-level historic and forecast market data related to the Chinese motor insurance industry and each market within it
- Understand the key market trends and growth opportunities within the Chinese motor insurance industry
- Assess the competitive dynamics in the Chinese motor insurance industry
- Gain insights into the business and operations strategies used by Chinese motor insurers
- Gain insights into key regulations governing the Chinese motor insurance industry
Major points covered in Table of Contents of this report include:
- China Motor Insurance Category Market Environment
- Market Sizing and Future Growth Potential
- Market Attractiveness and Challenges
- Market Entry Strategy and Competitive Landscape
- Business and Marketing Strategy
- Operations Strategy
- Profile of Key Companies
Report Details :
Published: February 2012
No. of Pages:
Price: Single User License – US $ 1950
Corporate User License- US $ 5850
