Insurance density in China increased by 1.4 times in the last seven years, rising to CNY2,724 ($385) in 2018 from CNY1,131 in 2012, while insurance penetration improved to 4.22% from 2.98% over the same period. However, despite these improvements, huge regional imbalances are still present in the iChinese nsurance market, says the international professional services firm EY.