NU Online News Service, Oct. 11, 2004, 4:32 p.m. EDT
China already is the eighth largest life insurance market in the world.[@@]
Researchers from Swiss Reinsurance Company, Zurich, have published that finding in a summary of their latest report on emerging insurance markets.
The researchers point out that inflation-adjusted life premiums have been increasing about 10% per year in emerging markets over the past decade. That compares with an average growth rate of 3.4% in industrialized nations.