Financial Services Industry
Industry: Email Alert RSS FeedSwiss Re.(Asia)(Swiss Reinsurance Co.)(Brief article)
Best's Review, December, 2007
SWISS RE has created a motor insurance team for Asia. Based primarily in Hong Kong, the team will aim to increase the profitability of what Swiss Re describes as a rapidly growing, high volume motor insurance sector by building risk management and reducing claims.
According to Swiss Re, the motor insurance sector in China is set to grow from about 110 billion yuan (about $15 billion) in annual premiums to 200 billion yuan by 2012.
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