As China’s fast-growing economy opens up, it presents a major opportunity for global insurers due to its low insurance penetration rate, Manulife’s president and CEO Roy Gori said.
China, which is the second-largest economy in the world following the US, is currently in “a very nascent stage of its development as it relates to the industry that we operate in: insurance, wealth asset management, and retirement,” Gori told CNBC during the China Development Forum in Beijing.
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