News China08 Nov 2019

Reinsurance in China yet to reflect size of the direct insurance market

| 08 Nov 2019

While the mainland Chinese insurance market has grown to become the second largest in the world, the domestic reinsurance market posted total premiums of only about CNY180bn ($25.7bn) in 2018, accounting for 8.5% of the global market, a senior CBIRC official has said.

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