Reinsurance in China, Key Trends and Opportunities to 2020 – Research and Markets

DUBLIN--(BUSINESS WIRE)-- The "Reinsurance in China, Key Trends and Opportunities to 2020" report has been added to Research and Markets' offering.

The 'Reinsurance in China, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Chinese reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011-2015) and forecast period (2015-2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Chinese economy and demographics, and provides detailed analysis of natural hazards and their impact on the Chinese insurance industry.

The report brings together research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Key Highlights:

• At the end of 2016, China overtook Japan to become the world's second-largest insurance market, after the US.
• The China Insurance Regulatory Commission (CIRC) implemented the China Risk Oriented Solvency System (C-ROSS) framework in January 2016 with the objective of improving regulatory control and establishing a solvency supervisory system.
• The government and the CIRC approved the establishment of three domestic reinsurance companies in 2016: Taiping Re (China), PICC Re and Qianhai Re.
• In June 2015, CIRC established a consortium of 45 qualified companies with the objective of providing earthquake insurance for residential properties in urban and rural areas.
• In November 2014, the China Agriculture Insurance Reinsurance Community was established by 23 agricultural insurers, with the objective of developing agricultural insurance.

Companies Mentioned

• China Reinsurance Corporation (China Re)
• Swiss Re
• Hannover Re
• Munich Re
• Scor Re
• Taping Re
• Gen Re
• Lloyd's Insurance

For more information about this report visit https://www.researchandmarkets.com/research/k6vwvk/reinsurance_in

View source version on businesswire.com: http://www.businesswire.com/news/home/20171003006274/en/

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Related Topics: Reinsurance

Source: Research and Markets