News China20 Apr 2018

P&C insurance market is more highly concentrated than life sector

| 20 Apr 2018

Despite the large number of insurance companies in China, the market is highly concentrated. The aggregate market share of 130 insurance companies in 2017 in terms of premium stood at 9.13%. In all, there were at least 170 life and non-life insurers operating in the Chinese market at the end of 2017.

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