The study forecasts that China will contribute over a quarter of global output in the next 10 years and the world's second largest economy will become the biggest insurance market by the mid-2030s. Reinsurer Swiss Re said it is optimistic about the Swiss insurance market, and plans to produce more protection solutions to tap into opportunities with its partners. The firm noted that China ’s insurance sector would continue to grow despite global trade tensions and risks. A recent report from Reinsurer Swiss Re estimated that China will be responsible for 25% of global output in 2040 , and will become the largest insurance market before the next 10 years . Swiss Re said it was exploring environmental protection products to help evaluate clients’ pollution-related risks, as China puts more emphasis on the sector.
Reinsurer Swiss Re said it is optimistic about the Swiss insurance market, and plans to produce more protection solutions to tap into opportunities with its partners. The firm noted that China ’s insurance sector would continue to grow despite global trade tensions and risks. A recent report from Reinsurer Swiss Re estimated that China will be responsible for 25% of global output in 2040 , and will become the largest insurance market before the next 10 years . Swiss Re said it was exploring environmental protection products to help evaluate clients’ pollution-related risks, as China puts more emphasis on the sector.