Industry Analysis

China Insurance Market Overview

Market Size and Breakdowns Insurance provides financial protection from various forms of losses, such as property, life or health. Insurance can also play an important role in individual and family financial planning. The PRC insurance market has experienced rapid growth in recent years, increasing from CNY 1.4 trillion in 2011 to CNY 3.1 trillion in 2016 as measured by GWP, representing a CAGR of 17.2%. Although the size of the PRC insurance market was the second largest market in the world as measured by GWP in 2016, insurance penetration and…

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