Half of Global Insurance Growth Tied to China
Friday, 03 24 2017, Category: Insurance and Reinsurance, Country: China
Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros last year (excluding health insurance).
In a year-on-year comparison, the nominal increase – after adjustments to reflect foreign currency translation effects – comes to an estimated 4.4 percent.
It is evident that out of the 150 billion euros or so in additional premiums, almost 70 billion euros is attributable to one market alone: China.
Source: Insurance Journal