China – Premiums rise despite economic slowdown
Saturday, 11 03 2018, Category: Insurance and Reinsurance, Country: China
China’s top insurers have reported rising premium incomes for the third quarter, amid a slowdown of the economy.
The big four Chinese insurers all posted premium growth, despite China recording its slowest quarterly economic growth in a decade, Caixin reported. According to the insurers and market analysts, high renewal rates are behind the growth, due to more Chinese consumers becoming more familiar with insurance.
Source: Insurance Business