News Asia21 May 2014

China:Chinese insurance mart to be 3rd biggest globally by 2020

21 May 2014

The Chinese insurance market will more than double by 2020 and will then be the third largest market worldwide. With premium volume of around EUR210 billion (US$288 billion) in 2013, China's insurance industry was already the fourth largest primary insurance market worldwide, said Munich Re, the world's biggest reinsurer.

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