Regulators' commitment to developing and liberalizing China's insurance industry bodes well for prospects in the long run, by diversifying investment avenues and encouraging global players to increase their engagement with the local industry, according to an assessment by Cerulli Associates today. China's insurers saw robust growth in 2019, with premiums up 12.1% to RMB3.9trn ($545.3bn), compared to growth of 6.6% in 2018. Due to the impact of covid-19, year-to-April life premium income fe...
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