China Insurance is considered as a major type of business. The average insurance premium per person in the country is calculated at around $ 30 per person. The insurance business in the country has grown very fast after the implementation of reform process in the country's economy. China has opened its insurance market for the oversees investment.
The China Insurance Regulatory Commission has been acting as the regulatory body in the insurance business in China.
Insurance Companies In China:
Leading insurance companies including both life and non-life insurance on the basis of gross written premiums are as follows:
Life Insurance Companies In China
Major life insurance companies in China are as follows:
- China Life Insurance
- China Pacific Life Insurance
- New China Life Insurancea
- Taikang Life Insurance
- AIA Insurance
- Minsheng Life Insurance
Non-Life Insurance Companies In China
Major Non-Life Insurance Companies In China are as follows:
- PICC Insurance
- China Pacific Property Insurance
- China United Property Insurance
- China Continent Insurance
- Hua Tai Insurance
- Sinosafe General Insurance
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