China drives global premium growth: AllianzPosted On: Mar. 21, 2017 5:00 AM CST
Germany-based insurer Allianz S.E. said that initial projections indicate global insurance premiums rose 4.4% to nearly $4 trillion in 2016, with China being the main driving force behind the world's insurance market, Vanguard reported. The global insurance market's growth would have fallen to 2.7% without taking into account China's contribution to the sector, Allianz said.