Bancassurance in China: Reaching the Next Level
China's bancassurance market is growing at breathtaking speed. Meanwhile, it appears to be locked in a paradox. The new white paper, jointly published by The Boston Consulting Group and the reinsurance company Swiss Re, takes a comprehensive look at the industry's landscape, focusing on the challenges that insurers and banks currently grapple with. The paper explores how the market needs to change in order to thrive in the future, and outlines specific steps that insurers and banks can take to reach their collective goals. Insurers and banks in China must break away from the current industry structure and collaborate more closely if they hope to lift the country's bancassurance industry to a higher level of performance and achieve both profitable and sustainable growth in the future.