Insurance and pension funding industry turnover grows by almost 4% in 2016, fuelled by strong demand from households, which rush to purchase new motor vehicles before the special consumption tax relief is eliminated
Life insurance sees 2% growth in revenue due to record-low interest rates and limited safe investment opportunities
The insurance and pension funding industry’s profitability grows only by 2% in 2016, due to a fierce increase in B2B costs, as companies invest in the development of online services and new sales channels
Industry expected to see CAGR of almost 5% over 2016-2021, led by non-life insurance segment
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