Expert Viewpoint.docVIP

 PAGE \* MERGEFORMAT 15 Expert Viewpoint Aetna CEO: the insurance industry after WTO entry will appear healthy competition Pacific Antai Insurance Company CEO Chang Chuan-fu pointed out that China’s accession to the WTO for the insurance industry is a good opportunity, he ‘accession to the WTO’, after the development of China’s insurance industry confidence in the future. ZHANG Quan-fu, ‘accession to the WTO’ after China’s insurance market will see a local insurance company and fierce competition from overseas insurance companies, foreign insurance companies have abundant capital, advanced management tools, local insurance companies seem at a disadvantage, however, the insurance industry has its own characteristics, different from ordinary physical products, insurance products include the human factor, that is, the various insurance companies, insurance products, essential difference is that service, is suitable for human needs, so ethnic, regional The considerations are particularly important in this regard large local insurance companies have more than a decade of operating experience, well versed in local culture, China’s national conditions, but also has a relatively stable customer base, a deep-rooted corporate image and the degree of general acceptance, these intangible value of the same can not be ignored. For the short term overseas insurance companies a direct threat to local businesses started much earlier seemed sensational. And in Japan, South Korea, Taiwan’s experience can also prove this point: after the opening of the market, and overseas insurance companies do not appear squeeze situation in the local insurance company, on the contrary the formation of healthy competition. He believes that more likely to happen is, the domestic monopoly of the three major insurance companies are likely to be broken, however, market share will continue to be large, local and overseas insurance companies in the Chinese market will be bigger co-insurance is not