Greater China nonlife insurance market to witness moderate growth: Swiss Re
Posted On: Jan. 11, 2017 5:00 AM CSTA report by Swiss Re Ltd. has said that nonlife insurance premiums are expected to grow 2.5% in Hong Kong, 5.7% in Taiwan and 7.4% in mainland China this year, Asia Insurance Review reports. "Modest economic growth in Hong Kong and Taiwan implies modest growth in premiums of existing non-life insurance products, so insurers need to come up with new ideas for growth," said the report. The China Belt and Road Initiative to improve infrastructure offers an opportunity for insurers in engineering, property, marine, liability and personal accident and trade credit lines.