Given that China’s insurance industry has been growing at twice the pace of its overall economy, this is a great opportunity for foreign insurers, right? According to a new Conning Research & Consulting report, the answer is yes, but it comes with a caveat warning that this potentially golden opportunity comes with challenges.
According to the report, “China’s Maturing Insurance Industry: Rapid Growth in a Public-Private Partnership” the size of China’s GDP, and its continued growth even through the financial turmoil that shook most of the world, make China appear compelling as a market opportunity.
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