China insurance market evolution
The article generalizes the practice of the Chinese insurance market, which is characterized by unprecedented development and can become an example of positive evolution for other countries. This process started with the creation of a special insurance system in 1978 under the auspices of the People's Bank of China as one of the effective measures of the general system of reforming the country's economy. The reasons for the rapid growth are revealed and the prospects for the Chinese insurance industry are considered.