Notwithstanding the adverse conditions experienced during 1925, the volume of new business written, at least by foreign companies was as large or larger than any previous ye It must not be understood from this that there was a boom in life insurance, the main reasons of the increase being (a) Keener competition and more agents, (b) amount of business written yearly is comparatively small, so it is not difficult to re-Port an increase, Life insurance in Shanghai is divided in two classes, foreign and Chinese.
The amount of business written on foreign lives is unquestionably increasing in Shanghai notwithstanding adverse hi ness conditions experienced during the past three or four years.
The reasons for this are:—
(1) More foreign insurance companies operating.
(2) Keener competition and mere agents actively engaged in selling insurance.
(3) A greater appreciation of the advantages of i This has been more or less general throughout the world since the war. Practically every life insurance company in Great Britain records larger business during 1925, while the United States and Canada had record years.
(4) Larger policies are now being taken out than formerly. Some years ago men who carried £1,000 thought their families were adequately protected, these same men are now realizing that the income derived from £1,000 with increased cost of living education is not sufficient.
wealthy men to insure to provide cash to protect their estates.
Text read from the printed page and cleaned; old type leaves the occasional error.