Emerging market: China
What risk professionals need to know to succeed in this developing nation
China's story over the past three decades has been truly extraordinary. The nation has an average annual GDP growth of more than 10%, it is now the world's largest exporter and manufacturer, and it is becoming an important consumer market in its own right. With such booming growth, the business o opportunities for insurers, brokers and other companies are obvious. But with opportunities come risks. Economic hiccups loom, and regulatory and political risks are also ever present in a country dominated by a one-party system. This Business Insurance white paper will discuss the current insurance market in China and the opportunities it offers, explain the regulatory system, and point out some of the risks for insurers, reinsurers and brokers doing business there. View a sample.