Life insurers in China are expected to benefit from a stable market outlook next year. However, growth rates won’t match the rapid pace reached between 2015 and 2017, according to Fitch Ratings’ 2019 outlook on China’s life insurance industry.
The global ratings agency maintained its 2019 rating outlook for China’s life insurers at stable, expecting that a steady rate of economic growth and an ageing population with increasing risk awareness will sustain the demand for life and healthcare cover.
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