Although liability insurance is still in the early stages in China, market demand has increased rapidly as more multinational companies rush into China and more local enterprises go global.
It all depends on the opportunity.
Following our multinational clients' pace, we have now decided to move into China.
For the moment, we would like to strengthen our co-operation with local companies to provide better pricing and risk evaluation for our clients.
It is shaping up to be a lot like the last one. It will come in quickly and start out warm, hitting more of the northern Sierra and then brushing up against Tahoe.
We would like to better understand the market before making any strategic moves. That's why we prefer to establish a representative office first rather than setting up a joint-venture, although the latter choice would bring about more speedy expansion.
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