Several Europe-based insurance giants are partnering with a rather bizarre set of firms, in order to break into the lucrative Chinese market, which is set to triple in size by 2030.
According to a report by Nikkei Asian Review, these include German insurer Ergo, part of the Munich Re Group, which formed a joint venture with vehicle manufacturer Great Wall Motor in October to provide new car buyers, with motor insurance. This allows it to pave the way to providing Great Wall’s suppliers and employees with various other insurance products.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.