The insurance industry is a rapidly developing industry. With the continuous growth of per capita GDP, the expansion of middle-income groups and the improvement of average education level, people's insurance awareness and demand will be greatly improved. The development prospect of insurance industry in China is very broad. It is estimated that the premium income will increase by 10- 15% annually. The premium density is expected to reach the global average level in the next five years.
In addition, policy support, national insurance awareness and other factors are also favorable factors for the development of insurance industry in China.