View from the Top: The growing foreign appetite for China
Foreign insurers are looking to capitalise on M&A opportunities in China and access the motor insurance market. This follows the removal of restrictions to write compulsory third party liability insurance. The motor insurance segment comprises over 70% of the non-life insurance market and the lifting of restrictions has meant that they can now compete with the domestic insurers and begin to take market share.
Our recent survey, titled Are You Ready for the Challenges and Opportunities of China's Motor Reforms, includes insights and responses from 90% of China's non-life insurance market by premium and 60%
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