Reinsurance in China, Key Trends and Opportunities to 2020 – Research and Markets

03-Oct-2017 Intellasia | BusinessWire | 11:06 PM Print This Post

DUBLIN–(BUSINESS WIRE)–The “Reinsurance
in China, Key Trends and Opportunities to 2020″
report has been
added to Research and Markets’ offering.

The ‘Reinsurance in China, Key Trends and Opportunities to 2020′ report
provides detailed analysis of the market trends, drivers and challenges
in the Chinese reinsurance segment. It provides values for key
performance indicators such as written premium, reinsurance ceded and
reinsurance accepted during the review period (2011-2015) and forecast
period (2015-2020).

The report also analyses information pertaining to the competitive
landscape in the country, gives a comprehensive overview of the Chinese
economy and demographics, and provides detailed analysis of natural
hazards and their impact on the Chinese insurance industry.

The report brings together research, modeling and analysis expertise to
enable reinsurers to identify segment dynamics and competitive
advantages, and access profiles of reinsurers operating in the country.

Key Highlights:

  • At the end of 2016, China overtook Japan to become the world’s
    second-largest insurance market, after the US.
  • The China Insurance Regulatory Commission (CIRC) implemented the China
    Risk Oriented Solvency System (C-ROSS) framework in January 2016 with
    the objective of improving regulatory control and establishing a
    solvency supervisory system.
  • The government and the CIRC approved the establishment of three
    domestic reinsurance companies in 2016: Taiping Re (China), PICC Re
    and Qianhai Re.
  • In June 2015, CIRC established a consortium of 45 qualified companies
    with the objective of providing earthquake insurance for residential
    properties in urban and rural areas.
  • In November 2014, the China Agriculture Insurance Reinsurance
    Community was established by 23 agricultural insurers, with the
    objective of developing agricultural insurance.

Companies Mentioned

  • China Reinsurance Corporation (China Re)
  • Swiss Re
  • Hannover Re
  • Munich Re
  • Scor Re
  • Taping Re
  • Gen Re
  • Lloyd’s Insurance

For more information about this report visit https://www.researchandmarkets.com/research/k6vwvk/reinsurance_in

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related
Topics: Reinsurance

 


Category: BusinessWire, PRAsia

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