News Non-Life28 Nov 2023

China:Motor insurance industry to reach nearly $172bn by 2028

| 28 Nov 2023

The motor insurance industry in China is projected to grow at a compound annual growth rate (CAGR) of 4.5% from CNY871.2bn ($129.1bn) in 2023 to CNY1.1tn ($171.9 bn) in 2028, in terms of gross written premiums (GWP), says data and analytics company GlobalData.

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