Read the latest edition of AIR and MEIR as an Interactive e-book

Dec 2023

Market Profile


Growth in premiums but slump in profits

The insurance industry in China has experienced a growth in premiums so far this year across both life and general lines of business. However, continued weak performance of the equity market and declines in investment income have impacted profits.

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Ageing China needs more critical illnesses insurance

The era of high runaway growth of critical illnesses insurance (CI) business in China is now history, however, as the country ages fast CI covers will recover their sheen.

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Keeping up with digital customers

China’s economy is slowing and challenges still remain for the insurance sector.

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Technology becomes increasingly important to China life insurance

China’s life insurance industry is presently undergoing a period of growth. One factor in this growth is the digitalisation of underwriting and claims to enhance service and customer engagement.

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Slow recovery for China's reinsurance sector

Some still hope China’s (re)insurance industry will grow in the coming years, driven by factors such as the country’s expanding economy, rising insurance penetration rates and increasing demand for risk transfer solutions.

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Launching a new reinsurance hub in China

The 2023 Shanghai International Reinsurance Conference, centred on the theme ‘Fostering Development through Openness, Connecting for a Future of Innovation’ was held on 26 October in the Shanghai Lin-gang New Area.

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