The Internet and its soaring use in...

The Internet and its soaring use in China are creating a promise of great pullulation for the insurance industry. E-commerce is the engine driving the globalization and gradual approach of various facets of China's financial-services industry. The new addition of China, the world's most numerous populous nation, to the World Trade Organization also is fueling potential business for insurers.

The rapid expansion of technology and Internet use in China is impressive. The number of registered Internet accounts at the expiration of 2001 was 15.91 million, an increase of 106 million accounts from the previous year. According to the