Nowadays, it can be said that the Automobile Insurance System of a nation reflects its economic situation and Automobile culture. You can notice it simply by looking at development process of Chinese Automobile Insurance System.
In recent years, China has made rapid progress in economy with its reformation and the open-door policy. With its rapid progress in economy, the number of its automobiles is also sharply increased and it resulted in a sudden increase of automobile accidents. In the face of the ill effect of automobile accidents, the government of China has recognized the importance of automobile insurance which indemnifies for the loss of life and property, and the necessity of the reform of legal systems about automobile insurance which can protect the injured effectively. But there are still many problems and tasks to resolve in Chinese legal systems for automobile insurance and policy.
Although China is a Socialist state, as its economy and the standard of living grows and develops, the claims of the injured and demand for the appropriate compensation will get more strong. In such situations, I hope that this dissertation gives you a good grasp to understand the Chinese automobile insurance systems and policy and can be of great help to develop Chinese automobile insurance.