Liberty Mutual Insurance in China

Liberty Mutual is opening an office in China. Liberty will focus on personal lines and small to mid-size businesses. This will include Auto. Over all its only one office in Beijing but strategically a very good move for Liberty mutual insurance. I think if you just run the number about how many people have become middle class in China and their buying power, the potential for profits is huge. Insurance is a well calculated gamble and insurance companies always win. The main thing that held Liberty from having a branch in China before was the regulatory agency; however, Liberty mutual received approval from the China Insurance Regulatory Commission and this is a start. I have seen Liberty Mutual make large gains in Poland. I think Liberty is generally a strategically very forward looking company.

Tags: China, Liberty Mutual