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ANOTHER DECLINE OF AUTO INSURANCE TO CAUSE VICIOUS COMPETITION?


AsiaInfo Services

03-24-2003

Another Decline of Auto Insurance to Cause Vicious Competition?

CHINA, Mar 24, 2003 (SinoCast via COMTEX) -- The old auto insurance clauses will be abolished on April 1. Most property insurance companies will launch the 2nd batch of new auto insurance products. The first batch of new auto insurance products brought a decline to auto insurance premium rate and the 2nd batch will cause another. Experts indicate that a vicious competition will start in auto insurance market.

China launched auto insurance premium rate reform

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