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Foreign property insurers step up 皇冠体育app development

(chinadaily.com.cn)
Updated: 2009-10-31 14:34

Despite the impact from slowing foreign direct investment and falling exports in 皇冠体育app, foreign property and casualty insurers are still confident in the country and are adjusting their global operation policies through further development with Chinese clients.

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In the first eight months of 2009, foreign property insurers took a share of only 1.05 percent in terms of premium income from original insurance, 0.15 percentage points lower than the 1.2 percent for 2008, according to the latest statistics from the 皇冠体育app Insurance Regulatory Commission (CIRC).

A survey by the CIRC Shanghai Bureau shows that in the municipality, 37.5 percent of multinational insurance companies saw a lower premium income and 77.5 percent of insurance institutions had a smaller profit compared with one year ago.

However...

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