China being a communist country,
many things get restricted by law. This can be seen from the list of insurance
companies available in China. When you compare the number of insurance
companies to other countries, you will find a huge difference. There can be two
reasons, either everything is all right or vice versa. Generally it is felt
that, if there is fewer police stations, that means the crime rate of that area
is less. That is why people live in peace and no need to put extra revenue on
people as a form of tax by raising the police stations. So is the case of
insurance companies in China. The number of insurance companies tells that, the
rate of accidents are less which cause the people of China to go for insurance
in common like other countries. Unites States of America seem to e have the
highest number of insurance companies where are in second developing country
like India may lead next to USA. But when you see the list of insurance
companies in China, it is nowhere close to these countries. Even Australia is
far ahead of it. Either the government of China not promoting insurance or the
people of China do not need insurance. It is a time to wait and watch in future
the situation of insurance cases and may be with the technologies developing
day by day it will lead to such a situation where countries like China also
feel the real requirement of insurance for the people. The list of insurance
companies is given below for you reference and do surveys on internet before
you go to buy any such policies from any insurance companies in China though
the list is really short.
List in Alphabetical Order
1.
Bank of China Insurance
2.
China Export & Credit Insurance Corporation
3.
China Life Insurance Company
4.
China Pacific Insurance
5.
China Taiping
6.
China-based financial stocks in Hong Kong
7.
Fortis Insurance Asia
8.
Insurance industry in China
9.
Ming An Holdings
10.
People's Insurance Company of China
11.
Ping An Insurance
12.
Sun Life Financial
13.
Taikang Life
14.
Tianan Insurance
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