China insurance market experience

Abstract

In recent years, the share of the Chinese state is growing among the countries contributing to the
world economic development. According to the report of "Swiss Re Institute" on the indicators of the
world insurance market in 2021, the growth of insurance premiums in the main markets is forecast
at the level of 6.3% for China, 1.7% for the USA, 2.8% for Western Europe and 5.6% for developing
markets. done _ China's insurance market is one of the largest in the world, both in terms of premiums
collected and the number of contracts concluded. One of the trends in the development of the
service sector in almost all countries is the increasing importance of the insurance market, which is
explained by the development of all aspects of production activity and the lifestyle of its citizens.