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PricewaterhouseCoopers L.L.P. has said in a report that Chinese insurers face several challenges in the second half of 2015, reports Shanghai Daily.
Cost management and a sharp stock market downturn are among the biggest, PwC said. PwC warned that decreasing auto insurance sales and lower prices in a deregulated market are likely to further cut margins for nonlife insurers. Zhou Xing, PwC China's insurance leader, has said that property insurance premium growth has been challenging, adding that "market competition is increasingly fierce" in the sector.