The Core Competence Study Of Chinese Insurance Company

After being the member of WTO China is more and more open to the globalmarkets. Since insurance industry can help the enterprises and people to offset thelosses and transfer risk, there are necessary demands to develop it. The more changesin market economy and social security, the more demands for insurance raises.Chinese insurance market has a history of less than 30 year. And now it isadjudging to be the most potential market, therefore, many reputable foreigninsurance companies are rushing into Chinese markets. To compete with the powerful,experienced large foreign insurance companies with technology advanced, Chineseinsurance companies must cultivate and develop their own core competence.In order to reach this goal, the Chinese insurance companies must be learning,adjusting and integrating the core competence factors. When they hold the corecompetence, they can devise new products on the strength of their own and gain more.By analyzing the Chinese insurance markets, Chinese insurance companies,foreign insurance companies, we reach the conclusions: the large-scale Chineseinsurance companies need more efforts to accomplish the integrity in the corecompetence factors;the smaller ones should make great efforts in working inadvanced products, improving its technology, and setting up their own brands.