China's Expanding Market

Recent Slowing of Growth While the overall growth rate in the past two decades has been high, the market has seen a slowdown in recent years. [...]the majority of the InsurTech implementations were instituted on the operational side of the business - with a focus on automatic underwriting, customer...

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Bibliographic Details
Published in:LIMRA's MarketFacts Quarterly 2022-04 (2), p.54-54
Main Author: Arrowsmith, Paul
Format: Article
Language:English
Subjects:
Advisors
Insurance industry
Pandemics
Population
Trends
Online Access:Get full text
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Summary:Recent Slowing of Growth While the overall growth rate in the past two decades has been high, the market has seen a slowdown in recent years. [...]the majority of the InsurTech implementations were instituted on the operational side of the business - with a focus on automatic underwriting, customer experience, operational efficiency, and anti-fraud. A necessary focus on a well-trained agency force, products for the middle class, and continued investment in InsurTech will allow for continued growth in the China insurance market.
ISSN:1535-4040