Market Research Report
Impact of China in Insurance - Thematic Research
|Published by||GlobalData||Product code||979378|
|Published||Content info||30 Pages
Delivery time: 1-2 business days
|Impact of China in Insurance - Thematic Research|
|Published: December 21, 2020||Content info: 30 Pages||
This report provides an in-depth analysis of the current state of the Chinese insurance market, how it has influenced key trends across the industry, and how it will progress over the next few years.
The Chinese insurance industry has seen extremely sharp growth in recent years, with consistent double-digit annual gross written premium growth. COVID-19 will slow this to some extent, although the industry is still expected to see strong growth even in the pandemic-hit 2020. Its sharp recovery from the pandemic makes it an extremely attractive proposition for foreign insurers, which have started to move into the country. The Chinese market has been strong for innovation in insurance in recent years. Its three giant tech companies - Alibaba, Tencent, and Baidu - all now play an influential role in the marketing and distribution of insurance.