China's insurance market ranked 2nd in the world

Magazine Issue:

The insurance market consolidation in view of the post-Covid-19 [3]

Magazine date:

Jul 2021

China According to the report "World insurance: the recovery gains pace" published by Swiss Re, the Chinese insurance market [4] ranked second worldwide in 2020 with a premium volume of 655.875 billion USD, 10.5% market share.

China follows the United States which reported 2 530.57 billion USD of insurance premiums in 2020.

Non-life premiums have increased by 4.4% in 2020 while those of the life class of business have gone up by 2.8%.

Swiss Re expects life and non-life premiums to rise by 7.7% and 7% respectively in 2022.

Fri, 16/07/2021 - 12:12

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[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Fchine%2Fchina-s-insurance-market-ranked-2nd-in-the-world&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/the-insurance-market-after-the-covid-19
[4] https://www.atlas-mag.net/en/article/the-chinese-insurance-market-a-new-giant