China insurers to lead 50%+ growth in Asia by 2030
Insurers across the region will see premiums grow by €1.28 trillion, over half coming from China, said a new report by Allianz.
Asia’s insurance industry is set to contribute over 50% of global growth over the coming decade, with China leading the way, according to the new Global Insurance Report by Germany-based insurer Allianz that was released on Thursday (July 2).
According to the report, regional insurers will see their combined premiums rise by €1.28 trillion ($1.44 trillion) in global premium growth by 2030, with companies based in China alone comprising €777 billion of this growth.
As a result, r…
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