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 spent over 18 billion yuan on technology. According to the estimate, the technology expenses are going to exceed 40 billion yuan. For insurance companies, the most important cutting-edge technology was artificial intelligence.
Value of insurance companies' expenses of systems and solutions, and cutting-edge technologies in China in 2020 with a forecast until 2024
(in billion yuan)
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iResearch. (December 27, 2021). Value of insurance companies' expenses of systems and solutions, and cutting-edge technologies in China in 2020 with a forecast until 2024 (in billion yuan) [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1303834/china-technology-expenses-of-investment-companies-by-type/
iResearch. "Value of insurance companies' expenses of systems and solutions, and cutting-edge technologies in China in 2020 with a forecast until 2024 (in billion yuan)." Chart. December 27, 2021. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1303834/china-technology-expenses-of-investment-companies-by-type/
iResearch. (2021). Value of insurance companies' expenses of systems and solutions, and cutting-edge technologies in China in 2020 with a forecast until 2024 (in billion yuan). Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1303834/china-technology-expenses-of-investment-companies-by-type/
iResearch. "Value of Insurance Companies' Expenses of Systems and Solutions, and Cutting-edge Technologies in China in 2020 with a Forecast until 2024 (in Billion Yuan)." Statista, Statista Inc., 27 Dec 2021, https://www.statista.com/statistics/1303834/china-technology-expenses-of-investment-companies-by-type/
iResearch, Value of insurance companies' expenses of systems and solutions, and cutting-edge technologies in China in 2020 with a forecast until 2024 (in billion yuan) Statista, https://www.statista.com/statistics/1303834/china-technology-expenses-of-investment-companies-by-type/ (last visited November 19, 2024)
Value of insurance companies' expenses of systems and solutions, and cutting-edge technologies in China in 2020 with a forecast until 2024 (in billion yuan) [Graph], iResearch, December 27, 2021. [Online]. Available: https://www.statista.com/statistics/1303834/china-technology-expenses-of-investment-companies-by-type/
