ALLIANZ: By 2027, China will be the second-largest market in the world

In the next decade, growth in emerging markets will remain at a much higher level than in the developed world, estimates an ALLIANZ study. Per regions, Asia will be the fastest-growing in the world, with many markets seeing double-digit growth. From this point of view, the Chinese insurance market is expected to more than quadruple over the next 10 years.