More Chinese feel need to get insured, survey finds

BEIJING - Around 72 percent of Chinese plan to buy insurance in the next 12 months because of growing risk awareness and a rising need to supplement basic social security protection, according to a survey released on Tuesday by Swiss Re, the world's largest re-insurance company.

Recent accidents, such as the July 23 train crash in Wenzhou, Zhejiang province and a string of malfunctions on bullet trains, will add to this awareness.

"This accident will definitely boost people's risk awareness and increase the demand for life and accident insurance," said Xing Li, an economist with Swiss Re.