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China's life insurance premium likely to grow 10-pct in the next two years

Xinhua Financein en.silkroad.news.cn
2019-01-11 15:39

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China's life insurance premium income is expected to enjoy a growth rate of more than 10 percent in the next two years, said Xing Li, a senior economic analyst of Sigma research institute at a media communication meeting.

Statistics show that the growth rate of the premium income in China's life insurance market in 2018 slightly decreased, with a drop of 1.8 percent. The situation will be reversed in 2019. Benefiting from relatively stable economic growth and weakening effect of supervision on wealth management-based insurance products, China's life insurance premiums is expected to rebound in 2019.

Affected by the Chinese market, the actual growth rate of global life insurance premiums was 1.6 percent in 2018. It is expected that the life insurance premiums in Chinese market will pick up from 2019 to 2020, which will drive the growth rate of life insurance premiums in emerging markets to reach 9 percent, according to Sigma Research Institute. 
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