Still soaring
Source: Asia Insurance Review | Sep 2016
While the economic engine of China may be slowing, China's insurance sector is still rising strongly. With the launch of the Shanghai Insurance Exchange, there is great excitement in the air and new players are still coming in. Insurers are leveraging innovation to get ahead. The reforms in the motor space are taking off. But it is not all rosy as market remains competitive and challenging. Profits in the non-life have plunged, while the negative image of life business lingers on. And then there is the question of the impact of the VAT. We bring you a quick update on the optimism running high for China.
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