As of early 2019, China's insurance sector remains one of the few globally that combines (massive) economies of scalewith the clear potential for strong growth. In both of the major segments, growth is being boosted by innovation of enormousorganisations that have access to the capital that they need, as well as control over multiple distribution channels. In the lifesegment, growth is underpinned by the demographics of China (with increasing numbers of people needing retirement incomesolutions) as well as by the high savings rate. In the non-life segment, premiums are rising from a low base in an economy that is stillexpanding quite rapidly by most standards.
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