China insurance market experience

Jumaboev Akmal Sheralievich

GREEN ECONOMY AND DEVELOPMENT, 2023, vol. 1, issue 6

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

Date: 2023
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