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News China06 Dec 2019

Winner-takes-all situation developing in non-life market

| 06 Dec 2019

Non-life insurers face huge challenges in the motor insurance market as further price liberalisation has reduced average policy premium, while new automobile sales are experiencing negative growth for the first time. Both of these developments challenge insurers, notes international professional services firm EY in its China Insurance Outlook 2020 report.

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