Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Discussion on the Current Financial Situation and Profit of GENERALI CHINA

Authors
Zhi Zeng1, *
1Washington University in St. Louis, St. Louis, 63130, United States
*Corresponding author.
Corresponding Author
Zhi Zeng
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_88How to use a DOI?
Keywords
insurance company; financial status; profit; internet insurance; new insurance
Abstract

After joining the WTO, China has gradually opened up its financial industry, including insurance, to foreign investors. The huge insurance consumer market in China has attracted many international insurance giants to set up subsidiaries or joint ventures in China. GENERALI CHINA is one of the earliest joint venture insurance companies to establish companies in China, and its strong shareholder background has provided good conditions for its business development in China. Since its establishment, GENERALI CHINA has experienced rapid growth in operating income, good profitability and continuous expansion of assets. However, due to the specificity of the insurance industry, the competitive disadvantage of GENERALI CHINA is still relatively obvious compared to large domestic insurance companies such as China Life and Ping An of China, which restricts the further development of GENERALI CHINA. Taking GENERALI CHINA as the research object, this paper uses the comparative analysis method to compare the business scale and financial indicators of GENERALI CHINA, explicates the problems in the development of GENERALI CHINA, and puts forward countermeasure suggestions for the development of Internet insurance.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_88How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhi Zeng
PY  - 2022
DA  - 2022/12/31
TI  - Discussion on the Current Financial Situation and Profit of GENERALI CHINA
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 595
EP  - 600
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_88
DO  - 10.2991/978-94-6463-036-7_88
ID  - Zeng2022
ER  -