The Road to China-- An Analysis of Insurance Environment of China for Foreign Insurers

Open Access
Peng, Zhaoxin
Area of Honors:
Actuarial Science
Bachelor of Science
Document Type:
Thesis Supervisors:
  • David Arthur Cather, Thesis Supervisor
  • Lisa Lipowski Posey, Faculty Reader
  • David Arthur Cather, Honors Advisor
  • Insurance
  • China
Insurance markets are becoming increasingly international as insurers expand their client base by branching out and offering products in new foreign markets. As these insurers enter foreign markets, it becomes extremely important for them to understand the local nuances of the markets in which they will be doing business. The aim of this paper is to examine the insurance environment of China in order to provide an analysis for foreign insurers entering this market. The paper explores essential considerations that insurers must bear in mind. These issues include the Chinese economy at large, an overview of China’s insurance industry competitive landscape, a history of China’s insurance industry, and an overview of the regulatory environment.