Copying and distributing are prohibited without permission of the publisher
Insurance has vital role in China’s growth
25 February 2010
The insurance industry will be increasingly important to China’s future economic development, according to a study by German reinsurance firm Munich Re.
Read more:
china
circ
The insurance industry will be increasingly important to China’s future economic development, according to a study by German reinsurance firm Munich Re.
Munich Re believes China has the potential to be the world’s biggest insurance market. With economic growth, rising incomes, social insurance reforms and liberalisation of the healthcare system, private pension and risk provision given higher priority.
In a country survey featured in Topics Geo – Natural catastrophes 2009, Munich Re considers the relationship between China’s growing economy and the natural risks the country faces. It is expected that in 10 to 15 years China will be the biggest economy in the world. However, China has a very high exposure to natural hazard risks and so the insurance industry will be vital in ensuring economic and...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.