Business / Economy

Life insurance to see double-digit growth in 2014

By Hu Yuanyuan ( Updated: 2014-01-15 18:34

China's life insurance sector is expected to grow 11 percent in 2014, up from 9 percent growth in 2013, research from Swiss Re showed on Wednesday.

The growth is mainly driven by the growth of bank insurance and a growing demand for health insurance, said Xing Li, senior economist at Swiss Re.

The growth of the country's non-life insurance, according to Xing, will remain at 13 percent this year, the same level as in 2013.

China was the world's fourth-largest insurance market in 2012.

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