Along with the fast economic development and gradual improvement of life quality of people in our nation, our domestic insurance market has always maintained the substantial scale and potentials, where the huge capacity of this market and further openness of our domestic insurance market have led to a sharp increase in the number of insurance operation subjects in our nation. According to statistics, there have been totally 93 insurance companies of various kinds in our nation by the end of 2005, among which there have been 35 property insurance companies, 42 life insurance companies, 5 re-insurance companies, 6 insurance (group) companies & holding companies, and 5 insurance property management companies, thus forming a pattern of predominance of state-owned commercial insurance companies, co-existence of Sino-foreign insurance companies and competition between multiple insurance companies.
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