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"Enjoying a high level of autonomy within Huawei, Honor has been pushing to make a name for itself in the market. It has expanded successfully into the 0 plus segment with its latest flagship models and continues to erode the market share of its direct competitors in the low-cost segment," Jia said.

"Even though the one-child policy was scrapped in late 2015, we shouldn't shove aside the stress of elderly care confronting the only children in China," he said. "Besides, no insurance program can compare to the comfort seniors get from their closest family members."

"Every other part of the world is moving so slowly (in this area). I believe the infrastructure will be in place in China faster than anywhere else, and autonomous and electric vehicles will follow the same path. I also believe China is ahead of the game right now, ahead of everybody else, with the amount of investments they are putting in, as well as the cars that are produced now," he said.

"Even so, the prospects of entering the mainland market are definitely good for overseas insurers because an enormous population still lacks insurance protection," he said.

"Everyone is waiting to see what happens after sanctions. But when that day comes, there will not be a catastrophe, and, as a result, a state of peace will prevail which will in turn lead to the resolution of a lot of issues," Zibakalam said.