Industry Analysis & Industry Trends
In line with the development of China's Insurance sector, the Insurance Support Services industry has grown rapidly over the past five years. Industry revenue is expected to increase by an annualized 20.5% over the five years through 2011, reaching a forecast $16.8 billion, up 9.8% from 2010. With an estimated 3.4 million people engaged in selling insurance products in China, insurance salespeople contribute the largest share of premium income across this industry.
Concurrent-business insurance agents, which operate across China's banking and postal service systems, are also important service networks for many insurance companies. At the same time, with the lowering of entry barriers to this industry, increasing capital has been invested in professional insurance intermediaries.... purchase to read more
Industry Report - Industry Analysis Chapter
Revenue for the Insurance Support Services industry is expected to increase at an annualized rate of 20.5% in the five years through 2011, to $16.8 billion. The industry's strong performance is mainly due to the rapid growth of premium income received by insurance salespeople and intermediaries. Total premium income realized by this industry increased from $43.9 billion (using 2005 current prices) in 2005 to $162.4 billion in 2010 (using 2010 current prices).
Enterprise numbers are expected to approach 3,000 in 2011. These consist mainly of professional insurance intermediaries. After the lowering of the minimum registered capital for professional insurance intermediaries in 2003, the number of these enterprises has grown rapidly... purchase to read more