AIG sets sights on Chinese auto insurance market

American International Group Inc. (AIG) has announced insurance news information that it will be joining other insurers, such as Allianz SE (ALV), in entering into the auto insurance market in China after the rules regarding foreign insurance companies are relaxed. These insurers are keen to get in the door as quickly as they can to take their portions of the $50 billion dollar marketplace that exists among the drivers in that country. They are waiting for the upcoming lift on the ban that has been blocking companies from other countries…

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