News Non-Life12 Feb 2024

China:P&C insurance market projected to exceed US$67bn by 2028

| 12 Feb 2024

The Chinese property insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 12.1% over 2024-28, from CNY271bn ($40.5bn) in 2024 to CNY428.3bn ($67.7bn in 2028, in terms of gross written premiums (GWP), according to data and analytics company GlobalData.

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