Magazine Table of Contents
In a time of great change for the non-life sector in China, Ping An’s Mr Guo Xiaotao shared some insights about developing new strategies for the future and using technology even more.
There are now five life insurers in China with assets tipping the scale at CNY1tn ($154.7bn). It seems that only by reaching such business scale can a life insurer play to win.
China’s reinsurance industry is showing a good rate of growth, having recovered from the events of 2020 and encouraged by moves by CBIRC. There is still a lot to be done.
With previous regulatory changes yielding desired results, China’s insurance regulator is now looking to make insurance more accessible.
InsurTechs in China are changing the way insurers work and offer products with the pandemic accelerating the adoption of machine learning and automation.
China is making rapid strides to make quality healthcare accessible to all its citizens. Universal affordable healthcare is already available to about 95% of its population, yet challenges remain.