The "Enjoy Your Health" critical illness protection plan covers cancer in situ and 30 kinds of critical illness protection. Why do foreign insurance companies value the China market?
According to the survey, China's insurance market has great potential. Since 1980 resumed domestic insurance business, the premium income has increased from 640 million yuan to159.59 billion yuan in 2000. The average annual growth rate is over 30%. Therefore, the insurance industry has become one of the fastest growing industries in China. Judging from the per capita insurance premium income and the ratio of premium income to GDP, the ratio of premium income to GDP in China in 2000 was 1.8%. China's market is still far from saturated.
The Desire of Foreign Insurance Companies for China Market
With the rapid development of China's economy, it has stimulated the strong demand of the whole people for insurance, and also stimulated the imagination of foreign insurance companies to the China market. When people's living standards are constantly improving, the demand for security is particularly important. Most citizens will seek protection and avoid risks by buying insurance.
With the continuous reform of social insurance such as medical care, pension and unemployment, it provides a huge development space for commercial insurance. The aging population is serious, the life expectancy is prolonged, and the old-age insurance is urgently needed. It can be seen that the development space of endowment insurance is great.
China market is an opportunity for foreign insurance companies to develop.
At present, the insurance industry in China is still in its infancy, which undoubtedly brings great opportunities to those foreign insurance giants. The arrival of insurance companies that can truly show their strength can be seen within a period of time after opening. Therefore, foreign insurance companies enter the China market one day earlier, which means that they can gain a foothold and occupy the market one day earlier. China is also actively promoting the rapid development of the insurance industry, hoping that China can also share a piece of the foreign insurance market.
When entering the China market, foreign insurance companies have rich experience in traditional insurance business and unique expertise in specific fields. Such as health insurance, agricultural insurance and endowment insurance. These can fully reflect a company's technical advantages and management capabilities. The entry of foreign insurance companies into the domestic market can not only promote the development of the domestic insurance market, but also bring advanced marketing methods and business concepts to the insurance market. This undoubtedly has a far-reaching impact on the development of the domestic insurance market.
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