As of mid-year 2023, online car insurance generated a premium income of over eight billion yuan. In recent years, the business of auto insurance has been on the decline. The penetration rate also dropped from almost five percent in 2018 to only three percent in the first half of 2021, but by the end of the year, the penetration rate recovered to pre-pandemic levels.
Value of online auto insurance's premium income in China from 2018 to 1st half 2022
(in billion yuan)
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Zhihu. (June 6, 2023). Value of online auto insurance's premium income in China from 2018 to 1st half 2022 (in billion yuan) [Graph]. In Statista. Retrieved November 12, 2024, from https://www.statista.com/statistics/1304033/china-premium-income-of-online-auto-insurance/
Zhihu. "Value of online auto insurance's premium income in China from 2018 to 1st half 2022 (in billion yuan)." Chart. June 6, 2023. Statista. Accessed November 12, 2024. https://www.statista.com/statistics/1304033/china-premium-income-of-online-auto-insurance/
Zhihu. (2023). Value of online auto insurance's premium income in China from 2018 to 1st half 2022 (in billion yuan). Statista. Statista Inc.. Accessed: November 12, 2024. https://www.statista.com/statistics/1304033/china-premium-income-of-online-auto-insurance/
Zhihu. "Value of Online Auto Insurance's Premium Income in China from 2018 to 1st Half 2022 (in Billion Yuan)." Statista, Statista Inc., 6 Jun 2023, https://www.statista.com/statistics/1304033/china-premium-income-of-online-auto-insurance/
Zhihu, Value of online auto insurance's premium income in China from 2018 to 1st half 2022 (in billion yuan) Statista, https://www.statista.com/statistics/1304033/china-premium-income-of-online-auto-insurance/ (last visited November 12, 2024)
Value of online auto insurance's premium income in China from 2018 to 1st half 2022 (in billion yuan) [Graph], Zhihu, June 6, 2023. [Online]. Available: https://www.statista.com/statistics/1304033/china-premium-income-of-online-auto-insurance/