From protection to prosperity: the dynamics of the insurance market in China
Having insurance is a very common practice in China, especially when it comes to individual healthcare insurance. In 2022, around 1.35 billion people were covered by medical insurance, which is roughly 95% of the total Chinese population. This percentage is in rapid expansion. At the end of 2023, the total revenue of the Chinese insurance […]
Stabilizing China’s agriculture: The agriculture insurance market in China
Overview of the agriculture insurance market in China Agriculture insurance in China belongs to the non-life insurance market. It is usually purchased by agricultural producers to protect loss of or damage to their crops or livestock, against natural disaster and other uncertainties that would eventually effect the prices of agricultural commodities. China’s agricultural insurance market […]