China, Insurance - Tuesday, September 1, 2009 22:21 - 0 Comments

II China report: insurance. Ping An and China Life take different routes to growth

Institutional Investor, September 2009

China  report– insurance

There are few sectors of the Chinese economy that look as promising as the insurance industry. Use of insurance tends to grow dramatically in any country experiencing rapid urbanization and wealth creation; the pace of economic growth and individual wealth is rapid in China and there are more potential customers – a 1.3 billion population – to aim at than anywhere else in the world.

Already, growth is impressive. The industry received RMB597.55 billion in premium revenue in the first half, a 6.4% year on year increase, according to the China Insurance Regulatory Commission. Property insurance in particular rose 15.84% year on year. Continue…

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