Magazine Table of Contents
China is expanding into new territories while developing new products and services. We spoke to Mr Wise Xu of Willis Towers Watson, China to understand the changing nature of risk.
Non-motor insurance will continue as the growth driver for China’s P&C market, despite the US-China trade war creating uncertainties over overall growth dynamics.
Private long-term care insurance, mostly in the commercial insurance sector, in China as a way to enable people to pay for services, most likely will not work, says the World Bank.
Life insurers in China see premium growth moderating even as margins are improving, according to Moody’s Investors Service in its just-released report, Insurance – Asia-Pacific: 2019 Outlook.
China’s central bank is seeking to finalise and implement the long awaited rules governing financial holding companies early this year, reported Reuters citing two sources with direct knowledge of the matter.