Greater China: A growing market for life and health insurance

In this episode of RePlay by Hannover Re, Susanne Loomis interviews Niall Mulvey, Head of Life & Health Greater China with Hannover Re, about the life and health insurance market in Greater China. Niall provides an overview of the region, highlighting its diversity and rapid changes, such as the impact of COVID-19 on sales agents. He discusses the drivers of growth, including economic prosperity, innovation culture, and evolving consumer needs, while also addressing the challenges of underinsurance and market entry. Niall emphasizes the importance of local knowledge, tailored solutions, and the potential for growth in areas like longevity and technology, concluding that Greater China offers significant opportunities for primary insurers willing to navigate its complexities.