Estimating China’s Future Life Insurance Market

Ma Jiyue (), Huang Fei () and Bruhn Aaron ()
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Ma Jiyue: Australian National University, Canberra, Australian Capital Territory, Australia
Huang Fei: Australian National University, Canberra, Australian Capital Territory, Australia
Bruhn Aaron: Australian National University, Canberra, Australian Capital Territory, Australia

Asia-Pacific Journal of Risk and Insurance, 2021, vol. 15, issue 1, 16

Abstract: After decades of economic expansion, China is transitioning to meet the insurance needs of its aging and increasingly affluent population. Of particular interest to insurers and reinsurers is China’s life insurance industry, which is likely to be globally significant due to its size and scale of opportunity. The long term nature of life insurance will also see it play a key role in China’s financial and capital markets. By uniquely accounting for demographic, economic and insurance-specific factors, we estimate the long term size of China’s life insurance market, giving an important indication of the scale of its future influence.

Keywords: life Insurance; China; economic growth; financial services; demographic dividend (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1515/apjri-2019-0027

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