China is now one of the most important emerging economies in the world. Over the past decade in particular, it has risen to be a truly dominant power on the world stage. Underpinning its economic growth has been a strong insurance market, which has itself experienced significant growth. Between 2001 and 2010, the Chinese insurance market (P&C and life) was the second-fastest growing insurance market in the world, according to an Aon Benfield report published in 2011.