Owned Property Insurance Company A Competitive Advantage In The Full Liberalization Of The Situation To Foster Research And Strategy

Since 1980, insurance industry of China has developed at high speed for a long time. The main bodies of the market and the scale of premium have increased. The execution results and the social influence of insurance business have enhanced day by day. By Dec.11 2004, China has entered WTO for 3 years. From then on, foreign insurance companies would enjoy the same priority policy as domestic companies. The paper is trying to find out how to develop the strategy to get competitive predominance under this new market environment. Property and contingency insurance is the backbone of Chinese insurance business. How to obtain the competitive predominance is crucial for domestic P&C companies in the face of the new environment. The writer, who highlighted his experience in the report, analyzed what is the core competitive predominance and developed the strategy for the domestic P&C companies in open market. The analysis of this report based on the SWOT model. In framework, this report can be divided into four modules: environment construing, bringing forward the issue, issue analyzing, and the resolution. In this report, the writer first of all reviewed the opening of Chinese insurance market. Secondly, he analyzed the competition in the open market. Then based on Company A particularly, he gives out some key strategies to get core competitive predominance which can be applicable by all of the Chinese domestic P&C insurance companies. Finally, he emphasized the internal and external factors which must be considered when mapping out the developing strategy. The conclusion of this report was educed based on the particular analysis of the 20 years opening-up of Chinese domestic insurance market. The conclusion had both realistic basis and forecast ability. The...