TABLE 5
FROM:
The Chinese Insurance Market: Estimating its Long-Term Growth and Size
Wei Zheng, Yongdong Liu and Gerry Dickinson
BACK TO ARTICLETable 5. Average annual growth rate of China's insurance industry by market exchange rate method and purchasing power parity method (2006–2020)
| Conservative (GDP growth rate 6 %) | Median (GDP growth rate 7.5 %) | Optimistic (GDP growth rate 9 %) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Life (%) | Non-life (%) | Total (%) | Life (%) | Non-life (%) | Total (%) | Life (%) | Non-life (%) | Total (%) | |
| Market Exchange Rate (MER) method | 7.6 | 8.0 | 7.7 | 9.6 | 10.0 | 9.7 | 11.7 | 12.1 | 11.8 |
| Purchasing Power Parity (PPP) method | 13.1 | 9.6 | 12.1 | 16.4 | 11.8 | 15.1 | 19.5 | 13.8 | 17.9 |
| Average | 10.3 | 8.8 | 9.8 | 13.0 | 10.9 | 12.3 | 15.6 | 12.9 | 14.8 |
