www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Cars

City curb on auto purchases to hit motor insurers hard

By Hu Yuanyuan (China Daily)
Updated: 2011-01-25 10:16
Large Medium Small

City curb on auto purchases to hit motor insurers hard

Cars stand idle at the park of a BYD dealer in Beijing. The city's policy to require potential buyers to get a registration plate before purchasing a vehicle will not only hurt car dealers, but insurers. [Photo/China Daily] 

BEIJING - The capital city's auto insurance premium income will probably see a slump in growth this year due to curbs on auto purchases by the local government, the city's insurance regulator said on Monday.

"This year will be a turning point for Beijing's auto insurance market. Even with an optimistic estimate, the city's premium income from motor insurance this year could be as much as that of last year, compared with more than 30 percent annual growth in the past few years," said Ma Ji, director of the property and casualty insurance division of Beijing Insurance Regulatory Bureau.

Related readings:
City curb on auto purchases to hit motor insurers hard Insurers report loss on rising reimbursements of traffic insurance
City curb on auto purchases to hit motor insurers hard Stormy proof sells for auto insurance claims
City curb on auto purchases to hit motor insurers hard Higher insurance rates for drunk drivers
City curb on auto purchases to hit motor insurers hard Foreign insurers foray into China's car insurance market

According to the bureau, Beijing's auto insurance premium income hit 15.28 billion yuan ($2.3 billion) in 2010, up 39.5 percent from the previous year. That of commercial auto insurance reached 11.97 billion yuan last year. That means the local government's restriction on auto purchases will probably result in a premium income loss of nearly 3.6 billion yuan this year based on average growth in the previous years.

Auto insurance currently accounts for 42 percent of Beijing's property and casualty insurance market.

To ease the worsening gridlock in the capital city, which boasts a population of about 20 million, municipal authorities now issues just 20,000 new vehicle license plates a month, meaning annual sales will plunge to 240,000 units in 2011 from 891,000 units in 2010.

Local large property and insurance companies will suffer the most from the plummeting auto sales this year, with most of them registering negative growth in January, according to industry insiders.

But as very few foreign insurance companies are running auto insurance in China right now, the impact on them will be quite limited.

"We still maintain a positive growth from the auto insurance sector in January, thanks to a big proportion of existing business and a much smaller part of new business," said Long Tong, marketing manager of Liberty Mutual Insurance Company (Beijing branch). It is the second-largest non-life-insurance company in the United States.

According to Jiang Caishi, vice president of the country's largest non-life insurer PICC Property & Casualty Company Ltd, the company will make more efforts in exploring existing business either through improving services or products to offset the loss from the premium income of new auto insurance in Beijing.

分享按鈕
主站蜘蛛池模板: 很黄很暴力深夜爽爽无遮挡 | 人妖欧美一区二区三区四区 | 久久久久久久久a免费 | 国产成人免费不卡在线观看 | 欧美一级毛片生活片 | 成人精品区 | 亚欧在线观看 | 成人黄网18免费观看的网站 | 亚洲欧美男人天堂 | 国产美女操| 亚洲性生活视频 | 在线成人播放毛片 | 午夜免费的国产片在线观看 | 高清色黄毛片一级毛片 | 亚洲成aⅴ人在线观看 | 在线欧洲成人免费视频 | 色综合精品久久久久久久 | 一区二区三区在线观看视频 | 亚洲国产天堂久久九九九 | 成人香蕉视频 | 国产一级特黄一级毛片 | 亚洲人成在线播放网站岛国 | 国产亚洲精品九九久在线观看 | 欧美一级片在线看 | 91免费视 | 日本三级香港三级妇三 | 欧美人禽杂交狂配毛片 | 黄色一级毛片 | 中国老太性色xxxxxhd | 午夜黄色福利视频 | 欧美成人一区二区三区在线视频 | 欧美人交性视频在线香蕉 | 国产区二区 | 99爱视频| 99精品视频在线观看免费播放 | 亚洲2020天天堂在线观看 | 97在线视频精品 | 免费国产成人午夜在线观看 | 国内精品久久久久久久影视麻豆 | 久草在线国产视频 | 国产午夜三级 |