Chelsea Cheng

Sep 11, 2024 | bcg.com | Rae Chen |Michelle Hu |Chelsea Cheng

The expansion of China’s relatively untapped markets for personal and health insurance will unlock significant growth opportunities for the sector over the next decade. China’s personal insurance market is expected to grow in the range of 5% to 10% by 2035. The insurance sector is expected to see significant changes in the mix of products and features, integration of financial services, channel structure, and sources of value creation.