Having suffered five of the top ten deadliest natural disasters in history, with recent events affecting over 70 percent of its land area and more than half its population, China presents ongoing challenges to the insurance market. According to a new market report released by Aon Benfield, the global reinsurance intermediary of Aon Corp., these and other challenges are complex and amplified by the scale of the market and the speed of its development.
"The China Property & Casualty Insurance and Reinsurance Market Report" also explores reasons for the slow development of catastrophe insurance and reinsurance despite China’s increasing natural hazards exposures.
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