Released on = October 27, 2006, 4:02 am

Press Release Author = RNCOS

Industry = Financial

Press Release Summary = Insurance companies are seeing great opportunities to expand
their business in China, as travel and tourism industry is growing at an
unprecedented pace in the country.

Press Release Body = Remarkable growth has been witnessed in the tourism industry in
China over the past few years. Consequently, more and more landing insurance
companies are getting attracted towards China, as they find the country as a great
opportunity provider for their growth in near future.

Seeing enormous growth potential in this sector, insurance companies such as AIU
have shown immense interest in getting Chinese people insured. Currently, just 20
percent of Chinese outbound tourists have acquired individual travel insurance,
which reveals a great market potential for all players in this sector, as expressed
by a director for the Assist\'s operation of AIG in China.

He further added that a single casualty travel insurance in present market costs
around CNY 10-CNY 20, and the travel insurance market in China can reach a value of
around CNY 10 Billion. According to experts’ predictions, China shall reach
CNY 3.3 Trillion of revenues from tourism by the year 2020.

RNCOS has recently published a report “China Insurance Sector Analysis
(2006)”. According to this report, “There’s been a dramatic
increase in the number of Chinese tourists traveling overseas, the number is
expected to reach 100 Million mark by the year 2020 from 28.85 Million in 2004. The
tourism & insurance agencies in China have launched a campaign for raising public
awareness towards travel insurance and also to encourage insurance firms for selling
travel policies. Thus, major market opportunity will be created for insurance
companies operating in travel and tourism sector.”
The research report also addresses the issues and facts that are critical to
business success:

- Marketing strategies of the players in the insurance industry.
- Growth in Health and Group insurance driving the Insurance sector in China
- Demographic factors, like death rate and birthrates affect the Chinese insurance
market.
- Emerging opportunities and challenges for the industry players.
- The most prospective areas for investments in the insurance sector in near future.
- The factors that will lead to the growth of Life and Non Life insurance in China.

About the Report

This report provides extensive research and objective analysis of the Tourism Sector
in China. It helps clients in analyzing the opportunities critical to the growth of
tourism market in 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


To get the latest news on Insurance and Banking Sectors worldwide, please visit our
newly launched blog section at http://www.rncos.com/Blog/banking.html


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com