Released on = October 10, 2006, 11:52 pm

Press Release Author = RNCOS

Industry = Industrial

Press Release Summary = China’s motor insurance premium stands at 67.7 % of
the size of the non-life insurance industry. At the same time, compulsory non-life
insurance industry accounts for 8.09 % of the business of the motor insurance
sector.

Press Release Body = China’s highest insurance regulatory body, have
introduced a new policy that mandates all motor vehicle owners in China to
necessarily purchase motor insurance. The legislation that has been put into force
with effect from this July 1 2006, will impact more than 130 million vehicle owners
including motorcycles, tractors and cars.

This compulsory traffic insurance employs the liability limits, premium standards
and classes under national unified policy framework. In the recent forum for
promoting the development of China\'s motor insurance industry, experts held that the
policy would have significant impact on the manufacturing cost of automobiles. The
automotive industry accounts for 20 % of the total industrial sector.

Motor insurance sector is likely to contribute significantly to China’s
non-life insurance industry over the long haul. In fact, experts opine that this
sector can evolve into a complete industry by developing active chains between all
parties. Consequently, links need be formed between -auto manufacturers, agencies,
dealers, intermediaries, insurance surveyors, law firms and loss adjusters.

RNCOS’ recent Market Research Report, “China Insurance Sector Analysis
(2006)”, ranks China as the third-largest non-life insurance market in Asia,
after Japan and South Korea. Car insurance accounts for a whopping 60% share of the
non-life insurance market in China followed by commercial property at 17%.

The research report also addresses the key issues and facts, critical to business
success:

- The Key Strategies for Market Players in China Insurance Sector.
- The growth in Health and Group insurance driving China Insurance Sector.
- The demographic factors, like death rate and birthrates affect China insurance
sector.
- The emerging Opportunities and Challenges for the industry players.
- The factors will lead to the growth of Life and Non Life China Insurance Sector.

RNCOS’, \"China Insurance Sector Analysis (2006)\", Market Research Report
provides extensive research and objective analysis of the Insurance sector in China.
This report will prove worthwhile for analyzing the opportunities critical to the
growth of the insurance market China.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/IM069.htm
For more information about the report please visit www.rncos.com

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Please visit our newly launched Blog section at http://www.rncos.com/Blog/banking.html


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