Value of premium income of online car insurance in China 2018-H1 2022

Published by
Daniel Slotta,
Jul 26, 2023
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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Release date

June 2023

Region

China

Survey time period

2018 to H1 2022

Supplementary notes

One yuan equals 0.14 U.S. dollars and 0.12 euros (as of July 2023).

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