Swiss Reinsurance: China's economy will be more resilient, high-quality development will bring opportunities for the insurance industry.
Recently, Swiss Re held a roundtable meeting with the media in Beijing, looking ahead to the macroeconomic and insurance market. Swiss Re Group Chief Economist Hans-Jrgen Reinhart said that the global macroeconomic situation has undergone tremendous changes, which will not only reshape the global macroeconomic landscape but also profoundly affect regional development, thus leading to chain reactions in the insurance market. This means that we cannot return to past patterns, and many key parameters that have a significant impact on insurance industry pricing are also changing, including inflation and interest rate changes.
Focusing on the Chinese insurance market, Swiss Re China President and Chief Executive Officer of Reinsurance in China, Jason Harris, said that the major growth themes of the Chinese insurance industry are in line with the directions proposed in the "fifteenth five-year plan". The mission of the financial services industry is to serve the real economy, which is also the focus of the insurance industry. Looking ahead, there is still significant growth potential in the Chinese property and casualty insurance industry, and there is an opportunity to play a greater role in enhancing economic and social resilience.
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