Forecast 2028 of the Chinese non-life insurance market

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Chinese non-life insurance marketGlobalData expects the Chinese non-life insurance market to grow at an average annual rate of 7.4% for the period 2023-2028.

The volume of premiums would reach 2 300 billion CNY (361 billion USD) in 2028 against 1 600 billion CNY (237.2 billion USD) in 2023.

The rising premiums would be supported by the increased vehicle marketing, infrastructure investments, regulatory reforms and growing demand for health insurance after the Covid-19 pandemic.

Read also | The Chinese insurance market

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Tue, 13/02/2024 - 16:16
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