Prediction about general insurance company in 2016

The study predicts that the growth rate of the general insurance company will be maintained at a high level, an increase of about 15%. In this article, we discuss product structure, distribution netwrok and opportunities for new products of general insurance in the time coming. That shows the investment and development trend of current general insurance company.

Prediction about general insurance company in 2016

Product structure of general insurance

Like previous years, personal insurance will be the flagship product of insurance company bringing continuous growth for this market.

Personal products are the product line that general insurance company has been focusing on development and investment in recent years. This product line are chosen by all the big insurance companies which are only interested in insurance contract about technique belongings or aerospace airlines.

How to deploy personal products of insurance company today is to improve the quality of service, provide better insurance rates for customers.

Distribution network of general insurance

The general insurance company is also constantly developing new distribution channels like the life insurance sector. A measure that is concentrated on deploying is to cooperate with the banking system in order to approach more customers, individuals and organizations.

Opportunities for new products

New products that are being researched and deployed in the near future are public asset insurance or construction and installation insurance. That is based on changes in economic and political industry.

TPP which was signed in 2015 also opens up many opportunities for the general insurance company. In addition to developing personal product, distribution channels and new products, the general insurance market promises many breakthroughs in the new year. In 2015 - 2016, growth pillar is public investment. The industry is predicted to grow sharply is the construction industry, industrial processing and fabrication. Insurance sector, particularly general insurance will be led by that motivation.

The new regulations on insurance business also brings positive effects to the development of the market.