The air travel insurance market, stay or go?
By Song Hongmei (chinadaily.com.cn)
Updated: 2006-10-27 08:45 China receives nearly 80 million travellers by air
every year. If each spends 20 yuan (US$2.53) on air travel insurance, the
combined air travel insurance premiums would reach 1.6 billion yuan.
It would be logical to expect that insurers that offer air travel insurance
plans and consequent coverage would lay claim to this large piece of cake, but
this is not always the case.
Statistics from the Shanghai Insurance Association show that only eight of 24
life insurance companies in Shanghai which are involved in the air travel
insurance business recorded a premium revenue in this regard during the first
seven months of this year. In July, merely three property and casualty insurance
companies posted premiums from air travel insurance.
......
The full text is available in the October Issue of China Insurance. (For more biz stories, please visit Industry Updates)
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