In the first six months of 2021, online car insurance generated a premium income of over 11 billion yuan which accounts for 11 percent of the online property insurance market segment. In recent years, the business of auto insurance has been on the decline. Not only premium income decreased, but the penetration rate also dropped from almost five percent in 2018 to only three percent in the first half of 2021.
Leading online property insurance segments in China in the first half of 2021, based on premium income
(in billion yuan)
Characteristic
Premium income in billion yuan
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IAC. (September 30, 2021). Leading online property insurance segments in China in the first half of 2021, based on premium income (in billion yuan) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1304066/china-premium-income-of-online-property-insurance-segments/
IAC. "Leading online property insurance segments in China in the first half of 2021, based on premium income (in billion yuan)." Chart. September 30, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1304066/china-premium-income-of-online-property-insurance-segments/
IAC. (2021). Leading online property insurance segments in China in the first half of 2021, based on premium income (in billion yuan). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1304066/china-premium-income-of-online-property-insurance-segments/
IAC. "Leading Online Property Insurance Segments in China in The First Half of 2021, Based on Premium Income (in Billion Yuan)." Statista, Statista Inc., 30 Sep 2021, https://www.statista.com/statistics/1304066/china-premium-income-of-online-property-insurance-segments/
IAC, Leading online property insurance segments in China in the first half of 2021, based on premium income (in billion yuan) Statista, https://www.statista.com/statistics/1304066/china-premium-income-of-online-property-insurance-segments/ (last visited August 25, 2024)
Leading online property insurance segments in China in the first half of 2021, based on premium income (in billion yuan) [Graph], IAC, September 30, 2021. [Online]. Available: https://www.statista.com/statistics/1304066/china-premium-income-of-online-property-insurance-segments/