China’s Private Insurance Set to Boom in Next Decade: ChartBloomberg News
The inevitable surge in China’s medical bills for its fast-aging population represents vast growth potential for the nascent private health insurance sector, according to the Boston Consulting Group. The consultancy forecasts that payment from commercial health insurance will grow at a compounded rate of 26 percent each year through 2025, although it will still only account for about 15 percent of overall medical bills.
Companies such as China Taiping Insurance Holdings Co. and China Pacific Insurance (Group) Co. stand to benefit.
— With assistance by Hui Li