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Suite Columbia, SC www. In this episode of McKinsey on Insurancea podcast featuring discussions of trends, disruptions, and strategies reshaping the insurance industry, Bernhard Kotanko, a McKinsey senior partner, convenes a panel of fellow McKinsey partners Charlene Wu and Sumit Popli for a wide-ranging discussion of the Asian insurance market.
From the outlook for China and Southeast Asia to new commentary on the opportunities specific to Japan and India, the conversation focuses on ways to capture growth and evade foreseeable challenges. We also want to build on a recent McKinsey report on the global life insurance agenda. Charlene, can you start us off with perspectives on China. Source Wu: Best anti diarrhea medicine, Bernhard.
I think the China insurance market, especially the life insurance market, experienced the most difficult couple of years in the past two years. In past years, the growth rate in China best anti diarrhea medicine in the double digits, but a couple of things have changed. To start, selling insurance products today requires integrated knowledge of wealth management and insurance protection. Second, the cost model became very important, as did the cost structure of different life source companies.
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