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The Chinese Insurance Market and the WTO

Lih Ru Chen and Gene C. Lai

Chinese Economy, 2011, vol. 44, issue 6, 6-14

Abstract: An overview of the insurance market in China is provided, with a special focus on issues associated with China's accession to the WTO. Despite the rapid growth of China's insurance industry, its insurance market remains relatively underdeveloped. After China's accession to the WTO, the average efficiency of domestic insurers increased. Opening the market to foreign insurers helped to make domestic insurance companies and the national economy more efficient and improved social welfare.

Date: 2011
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