Challenges for foreign insurers in China?

Min Yong
September 2010
Asia Insurance Review;Sep2010, p54
Trade Publication
The article offers the perspective of chief executive officer (CEO) John Carey at Chartis Non-Life Holding Co. on the challenges for foreign insurers in China. He thinks that the insurance industry in China has grown significantly since the market opened for foreign insurers. However, Carey believes that the existing 18 non-life foreign insurers collectively hold only about one percent of the aggregated market share due to some restrictions and low awareness on the value of insurance.


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