China Insurance Industry Report, 2007-2008.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/3d4087/ china_insurance_indu - due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your internet browser's address field. Remove the extra space if one exists) has announced the addition of the "China Insurance Industry Report, 2007-2008" report to their offering. The report probes into China insurance industry by starting with the status quo [Latin, The existing state of things at any given date.] Status quo ante bellum means the state of things before the war. The status quo to be preserved by a preliminary injunction is the last actual, peaceable, uncontested status which preceded the pending controversy. of insurance market. It makes comprehensive analysis of the insurance segment markets involving the supervision policy, market environment, operation, competitive structure, utility of the insurance capital as well as the development trend. The report interprets the status quo of investment and merger in insurance industry, describes the characteristics, analyzes the motivations and influences brought along by merger, but also makes suggestions for both insurance institutions and investors. China insurance began to expand from 2004. By Dec. 15th 2007, 8 insurance groups and 105 insurance companies (including 62 Chinese companies Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan):
By the end of June of 2007, the outstanding balance was about RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) 231 million and the yield hit RMB137.4 billion, up 260% year on year, of which, the yield of fund, stock and unlisted equity investment added up to 72.9% of the total. Currently, the competition on China insurance market still takes the low end. As China insurance industry is on the initial stage, competition is not fully initiated. The market potential has not been exploited fully and the industry needs further integration. After fund companies and the finance and leasing companies were open, State Department issued the policy on Jan. 17th 2008, which permitted the bank to hold the shares of insurance company. The mixed operation began to prevail among the financial industry and each insurance company was busy making preparations for this operation. By 2007, ten foreign insurance companies have gotten the ratification The confirmation or adoption of an act that has already been performed. A principal can, for example, ratify something that has been done on his or her behalf by another individual who assumed the authority to act in the capacity of an agent. to transfer into an independent legal entity that would facilitate the expansion of operation network. There are two main modes to merger. The first mode is taken place in insurance industry, usually between the life and the non-life insurance companies, between the reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and the direct insurance, between the reinsurance companies. The second form of merger usually happen in the financial field, including banks, securities, insurance, and trust, especially the merger between the insurance company and the asset management company. In addition, the foreign capital is rather interested on China insurance agency market which is just in its infancy infancy, stage of human development lasting from birth to approximately two years of age. The hallmarks of infancy are physical growth, motor development, vocal development, and cognitive and social development. . On Oct. 31st 2007, Cninsure Inc. landed on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on as the first national insurance agency. Rural financial upgrade is an important direction to develop finance in China. China Life Insurance Company is one of the biggest beneficiaries. It is expected that the preferential pref·er·en·tial adj. 1. Of, relating to, or giving advantage or preference: preferential treatment. 2. policy on the tax of the personal endowment insurance Noun 1. endowment insurance - life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured will be issued. China is a developing country with the population of 1.3 billion; the lack of the endowment A transfer, generally as a gift, of money or property to an institution for a particular purpose. The bestowal of money as a permanent fund, the income of which is to be used for the benefit of a charity, college, or other institution. and the medical insurance becomes more and more obvious; the insurance industry itself does not keep a balance on its structural and regional development. All of these realities determine that the rural financial upgrade has great potential and high investment value. Key Topics Covered: 1 Abstract 2 Profile of China insurance industry 3 Investment of insurance industry 4 Foreign Insurance Companies 5 Competitiveness of China Major Insurance Companies 6 Development Trend and Proposals of Insurance Industry Selected Charts Companies Mentioned: -Aioi Insurance Co., Ltd. -Allianz Insurance Company Guangzhou Branch -Germany Cologne Cologne (kəlōn`), Ger. Köln, city (1994 pop. 962,500), North Rhine–Westphalia, W Germany, on the Rhine River. It is a commercial, financial, and industrial center, a rail and road junction, and a river port. Reinsurance Company Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. Branch -Groupama S.A. Chengdu Branch -Winterthur Insurance (Asia) Ltd. -Lloyd's of China Reinsurance Company -Liberty Mutual Insurance Company -American International Assurance Company, Limited -AIG General Insurance Company China, Ltd. -Munich Re Group -Chubb Group Of Insurance Companies -Sompo Japan Insurance Company -Tokio Marine & Nichido Fire Insurance Co., Ltd. -Mitsui Sumitomo Insurance Co., Ltd. -Samsung Fire & Marine Insurance Co., Ltd. -Zurich Insurance Company Beijing Branch -Royal and Sun Alliance Insurance (PLC) Company -PICC Property and Casualty Insurance Co. -PICC Life Insurance Co. -Ping An Insurance (Group) Company -China Pacific Insurance (Group) Co. -New China Insurance Co., Ltd. -Taikang Life Insurance Company Ltd. For more information visit http://www.researchandmarkets.com/research/3d4087/china_insurance_indu |
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