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Insurance
HOME > PAST ISSUE > REPORTS [Premium content]April 2005
China's insurance industry was a crucial issue in negotiating the country's entry into the WTO because of its huge potential.
Insurance usage rates are extremely low, and the huge changes that China has experienced over the past 25 years have included the dismantling of the state welfare system, pushing more and more responsibility for welfare and health care onto individuals and families. Insurance services help fill the void, fueling extremely fast market growth.
For much of the late 1990s and early 21st century, the annual growth rate for the industry was around 30%. In 2004, growth dropped to a mere ...
For much of the late 1990s and early 21st century, the annual growth rate for the industry was around 30%. In 2004, growth dropped to a mere ...
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