Comparing SARS and Coronavirus economic impact
The novel coronavirus pneumonia (now known as COVID-19) was first encountered in the city Wuhan in December 2019. Like other coronaviruses, COVID-19 can cause various symptoms such as fever, coughing, and shortness of breath. In 2002 and 2003, Severe Acute Respiratory Syndrome (SARS-CoV) plagued China. The novel coronavirus outbreak echos that of SARS in 2003, […]
Stabilizing China’s agriculture: The agriculture insurance market in China
Overview of the agriculture insurance market in China Agriculture insurance in China belongs to the non-life insurance market. It is usually purchased by agricultural producers to protect loss of or damage to their crops or livestock, against natural disaster and other uncertainties that would eventually effect the prices of agricultural commodities. China’s agricultural insurance market […]
The liability insurance market in China: Key players, consumer perceptions and opportunities
Liability insurance belongs to the non-life insurance market in China or the property and casualty insurance market in China. It protects the insured party against claims resulting from injuries or damages to other people or property. The policies cover both legal costs and other compensations if the insured party was found legally liable. Any entity, […]
The property insurance market in China: a new giant is rising in the global insurance industry
The history of China’s insurance industry is remarkably long. In fact, the history of the Chinese property and casualty industry (also known as P&C insurance) can be traced as far back as 3,000 BC when traders first developed rudimentary forms of risk diversification. However, it was not until the 19th century—when foreign traders introduced insurance […]