China auto insurance premiums to reach 200 bln yuan in 2012 - Swiss Re |
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Fri, 19 Oct 2007 03:16
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BEIJING (XFN-ASIA) - China's motor insurance sector is expected to earn premium income of 200 bln yuan in 2012, up from the current 111 bln yuan, Swiss Re said.The reinsurer added it has formed a specialized auto insurance team in China to provide risk management services covering private cars, trucks, buses and dangerous goods vehicles throughout Asia.It will be Asia's first dedicated auto insurance team, Swiss Re said.Swiss Re entered in China in 1995 and set up a Beijing branch in 2003 with a national license for a full range of reinsurance products and services.The company's Asian headquarters are in Hong Kong.(1 usd= 7.51 yuan)allen.shu@xfn.com-xfnals/xfntmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Ahead of the Bell: Auto Insurance 