News Regional02 May 2019

China:Foreign insurers set sights to fill local pension gap

| 02 May 2019

With China's elderly population ageing rapidly, the pension deficit gap is expected to expand further even though the country's pension penetration rate remains very low. According to the China Pension Actuarial Report 2019-2050 from the Chinese Academy of Social Sciences (CASS) think tank, China's pension deficit gap is estimated to be CNY600bn ($89.1bn) by 2018 and is expected to rise to CNY890bn by 2020. However, this bring opportunities for insurers to fill the gap - as reported by China Times.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

Error : Object reference not set to an instance of an object.

Recent Comments

Other News

Follow Asia Insurance Review