Advantages and disadvantages of Sino-foreign joint venture insurance companies

1, Advantages of Sino-foreign joint venture insurance companies: By cooperating with foreign insurance companies, we can better understand the development trend of the international market and insurance industry and improve our strategic vision and competitiveness. Sino-foreign joint venture insurance companies can enjoy high-quality customer resources and business channels of foreign-funded insurance companies, which is helpful to increase business income.

2. Disadvantages of Sino-foreign joint venture insurance companies: Among Sino-foreign joint venture insurance companies, foreign insurance companies have a high proportion of capital contribution, and the Chinese side has little decision-making power and cannot fully control the company's development direction. Sino-foreign joint venture insurance companies need to face complicated domestic and international legal, regulatory and tax environments, which is difficult to manage.