Delhi, India (PressExposure) January 15, 2009 -- RNCOS has recently added a new Market Research Report titled, âBooming China Insurance Sectorâ to its report gallery. 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.
Exploring the market development and potential, this research report offers objective analysis on Chinaâs 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 Chinaâs 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 Chinaâs automobile (including two- and three-wheelers) industry will continue driving countryâs property insurance market during the forecast period.
- 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.
Major players discussed in the report are: This section provides an insight on key players in the insurance market of China. These include China Life Insurance Company Limited, PICC Property & Casualty Ltd, Ping An Group and China Pacific Insurance (Group) Co. Ltd.
Information in the report has been sourced from: Books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Research methodology used in the report is: RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
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