The Chinese insurance industry is undergoing a transformative process with established enterprises and startups fighting for market shares in the online business and streamlining business operations. In 2020, insurance companies invested over 35 billion yuan in new technology. According to estimates, the value of investments was expected to rise and reach almost 80 billion yuan by 2024.
Value of insurance companies' investments into informatization and digitization in China in 2020 with estimates until 2024
(in billion yuan)
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iResearch. (December 27, 2021). Value of insurance companies' investments into informatization and digitization in China in 2020 with estimates until 2024 (in billion yuan) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1303819/china-value-of-technology-investments-of-insurance-companies-by-type/
iResearch. "Value of insurance companies' investments into informatization and digitization in China in 2020 with estimates until 2024 (in billion yuan)." Chart. December 27, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1303819/china-value-of-technology-investments-of-insurance-companies-by-type/
iResearch. (2021). Value of insurance companies' investments into informatization and digitization in China in 2020 with estimates until 2024 (in billion yuan). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1303819/china-value-of-technology-investments-of-insurance-companies-by-type/
iResearch. "Value of Insurance Companies' Investments into Informatization and Digitization in China in 2020 with Estimates until 2024 (in Billion Yuan)." Statista, Statista Inc., 27 Dec 2021, https://www.statista.com/statistics/1303819/china-value-of-technology-investments-of-insurance-companies-by-type/
iResearch, Value of insurance companies' investments into informatization and digitization in China in 2020 with estimates until 2024 (in billion yuan) Statista, https://www.statista.com/statistics/1303819/china-value-of-technology-investments-of-insurance-companies-by-type/ (last visited December 22, 2024)
Value of insurance companies' investments into informatization and digitization in China in 2020 with estimates until 2024 (in billion yuan) [Graph], iResearch, December 27, 2021. [Online]. Available: https://www.statista.com/statistics/1303819/china-value-of-technology-investments-of-insurance-companies-by-type/
