Daniel Slotta
Research expert covering Greater China
Insurance industry in China - statistics & facts
The development of China’s economy and the improvements of the people’s material conditions, including a greater disposable income, has been mirrored by a steady growth of the insurance industry. As people accumulate more wealth and assets, they want to safeguard themselves against potential losses. To meet the demand for insurance services, Chinese companies have expanded the range and scope of insurance coverage. In recent years, the insurance industry in China has increased its investments in the application of new technology and the development of insurtech.
