Domestic and multinational insurers need to take a fresh look at this dynamic market
In most parts of the world, insurance is not a sector that draws a lot of attention. In China, however, it’s a dynamic industry with enormous growth potential, and one which is undergoing sweeping changes as well. In this podcast, Stephan Binder and Joe Ngai talk with Nick Leung about what domestic and multinational insurance players should do differently as they approach this lucrative but challenging market. Stephan and Joe are Partners in McKinsey’s Shanghai and Hong Kong offices, and are also the authors of a new book on this topic. Nick is Managing Partner of McKinsey’s Greater China practice.