Today, China is the 7th-largest general insurance market.
China, Asia – World Insurance Companies Logos.
The graphic mark of a company is synonymous with its brand. In insurance, a logo is instantly recognizable and allows that the customer associates the company with the useful qualities such as trust, the fair price, and many other vital issues on the task of finding the best insurance.
Click the logos of the Insurance Companies for getting a bunch of updated information offering each chinese insurer. We want to help you to find the best Insurance by the Internet.
Directory of Chinese Insurance Companies Logos and Names
Directory of Chinese Insurance Companies Logos and Names. By clicking the logo of each Insurer that operates in #中国 may access from a single place to its website, finding there, a wealth of information of great importance on all kinds of insurance matters, and also their phone numbers, addresses and prices
The Chinese insurance industry in addition to steadily increasing demand, two major supply-side trends have encouraged the development of the industry: (1) under the World Trade Organization (WTO) framework, the Chinese government lowered entry barriers to foreign insurers, allowing them to establish joint-venture insurance firms in China; and (2) domestic insurers strengthened themselves through initial public offerings and other market developments.
China Life Ins. had about a 50% share of the life insurance market; Ping An Life Ins. and Ping An Property Ins. share 16% and 12% of corresponding insurance markets, respectively ranking 2nd and 3rd.
Chinese insurers namely China Life Ins., Ping An Ins., People’s Ins. Company of China and China Pacific Ins. were the first wave of insurers to go public. In December 2011, New China Life began a second wave of IPOs for smaller tier 2 insurer
Despite all this growth the industry is still considered in its infancy stage when looking at China’s insurance penetration compared to its peers in the rest of Greater China and Asia.
Insurance Companies Logos – Factors to consider when choose a Chinese Insurance
How to find good insurance companies?
1- Find the right coverage
First, it’s important to gather information about the right coverage, and obtain insurance quotes from, a variety of insurers as part of your overall selection process. In order to do that, begin by determining the type of coverage you need in order to make a right comparison across multiple companies.
Now it’s time to research the types of insurers from which to obtain that coverage.
2- Check License Status
Insurers must be licensed by the country in which they sell insurance. For added peace of mind, be sure you’re buying coverage from a licensed provider in your area by checking with the department of insurers of your Country, either online or by phone.
3- Check financial stability
Finding out the financial stability of an insurer. One can research an insurer’s financial strength ratings, in the websites of companies such as A.M. Best, Standard & Poor’s, Moody’s or Fitch. While most of the major insurers are safe bets, this is especially helpful when considering smaller, lesser-known providers.
4- Customer service and claims support
Check consumer complaint ratios. Many departments of insurance websites publish consumer complaint ratios for the insurance providers.
A consumer complaint ratio tells you how many complaints an insurer received for every 1,000 claims its policyholders filed. It’s also a good idea to check a company’s complaint ratios in several other countries since a company might have great ratings in one, but not-so-great ratings in another.
For added protection, look for companies with low consumer complaint ratios in a variety of countries.
Locate the insurer you trust
China’s global economy
China is a member of the WTO and is the world’s largest trading power, with a total international trade value of $3.87 trillion in 2012.
Its foreign exchange reserves reached $2.85 trillion at the end of 2010, an increase of 18.7% over the previous year, making its reserves the largest in the world by far. In 2012, this country, was the world’s largest recipient of inward foreign direct investment (FDI), attracting $253 billion. In 2014, foreign currency remittances in this country, were $64 billion, making it the second largest recipient of remittances in the world.
The undervalued exchange rate in this nation, has caused friction with other major economies, and has also been widely criticized for manufacturing large quantities of counterfeit goods. According to consulting firm McKinsey, total outstanding debt in China increased from $7.4 trillion in 2007 to $28.2 trillion in 2014, reflecting 228% of Chinese GDP, a higher percentage than some G20 nations.
Fortune’s Global 500 list of the world’s largest companies included 95 Chinese companies, with combined revenues of $5.8 trillion. That same year, Forbes reported that five of the world’s ten largest SOEs were Chinese, including the world’s largest bank by total assets, the Industrial and Commercial Bank of China.