Insurance - China - July 2017
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“China contributes over half of the world’s insurance market growth, which is mainly driven by the strong wealth management demand of domestic investors. But that’s just part of the story. Insurance buyers, especially young people, have started to recognise insurance’s true value of risk management, reflecting the growing acceptance of term insurance products (eg well-being insurance). Opportunities lie among lower tier city consumers who are still in the early stage of gaining insurance knowledge.”
- Aaron Guo, Senior Analyst, China
This report will cover the following areas:
The Chinese insurance market has witnessed a number of new developments in the past two years. The sudden trend of going to Hong Kong to buy insurance, insurance companies investing huge amounts in the security market, and a growing number of regulations have all put the market in the spotlight.
Mintel discusses these phenomena and what they mean for insurance companies in this report, through looking into the attitudes and purchasing behaviours of consumers. Other issues including the future of the insurance market, where opportunities lie and how insurers can better compete are also addressed.
This report will give you a complete 360-degree view of your market. Not only is it rooted in robust proprietary and high-quality third-party data, but our industry experts put that data into context and you’ll quickly understand:
What They Want. Why They Want It.
Who’s Winning. How To Stay Ahead.
Size, Segments, Shares And Forecasts: How It All Adds Up.
New Ideas. New Products. New Potential.
Where The White Space Is. How To Make It Yours.
What’s Shaping Demand – Today And Tomorrow.