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China Insurance Market Share Quadruples in Decade

China's share of the world insurance market has quadrupled in the last 10 years and is set for further growth, helped by a strong economy and better regulation, reinsurance broker Aon Benfield said.

By Reuters | Updated on December 05, 2011

LONDON, Dec 5 (Reuters)—China’s share of the world insurance market has quadrupled in the last 10 years and is set for further growth, helped by a strong economy and better regulation, reinsurance broker Aon Benfield said.

With annual life and non-life insurance premiums of $226 billion, China accounts for almost four percent of the world market, up from 1 percent in 2001, Aon Benfield said in a report published on Monday.

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