Motor premium deregulation to narrow margins further in Chinese insurance market

Terence Wong, analyst, Fitch ratings

Ongoing commercial motor insurance pricing deregulation in China is likely to damage motor insurers’ ability to improve underwriting margins, according to credit ratings agency Fitch. Scale advantage, however, will still enable major insurers to remain profitable, it adds in its latest report on the Chinese non-life insurance sector, produced by analysts Terence Wong and Mia Yang. The China Banking and…

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