China's robust economic growth — which came in at 5.2 percent in 2023 — is driving a surge in China's insurance market, making investing in the country critical for the future of Swiss Re, a global leader in reinsurance.

"Developing markets, in particular China, are still expected to fuel economic growth around the world. And that's a big indicator of how the insurance markets will grow," Paul Murray, CEO of life and health reinsurance at Swiss Re, said in an exclusive interview with China Daily.

With China contributing 68 percent of the global emerging markets' increase in life and health insurance premiums this year and next, Murray said the Chinese market is not just significant but increasingly essential for Swiss Re's global footprint.