China’s insurance market posted remarkable changes in terms of size and structure in the past decade, according to the country’s top insurance regulator.
The country’s insurance capital rose from 6.27 trillion yuan (about 872 billion U.S. dollars) in 2012 to 24.71 trillion yuan at the end of June 2022, with an average annual growth rate of 15.6%, data from the China Banking and Insurance Regulatory Commission showed.
According to China Life & Non-Life Insurance Market Outlook 2023, insurance capital investment targets had also been diversified, expanding from banking deposits, bonds and stocks to equities, real estate, asset management products and financial derivatives, among others.
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