16 Foreign Insurance Companies in Jiangsu Go back »

2008-05-29 | Nanjing

Nanjing has seen growth of foreign insurance companies in the past few years. Figures from  March 2008 indicate that there are 36 life insurance companies in Nanjing, 16 of them are foreign insurance companies currently active in the Jiangsu market, ranked third in numbers after Beijing and Shanghai. They are: AIA (EUCCC Nanjing member), Allianz (EUCCC Nanjing member), Heng An Standard Life (EUCCC Nanjing member), CITIC-Prudential, Manulife-Sinochem, AEGON-CNOOC, Guotai Juan Securities, Haier New York Life, Sunlife Everbright, Generali China Life, CIGN & CMC, Metlife, Aviva-COFCO, CPIC-ING, AXA-Minmetals Insurance, Scandia-BSAM.

Foreign insurers operating in China today, although growing rapidly, still account for a small part of the market, which is dominated by a small number of large domestic companies. With China Life taking over 40% of the market share, the collective first year premium income for all foreign insurers is 4.2% of the gross premium income in Jiangsu, in the first quarter of 2008.