Premium income share of online property insurance segments in China 2021
In 2021, car insurance accounted for 26 percent of the online property insurance segment in China. In the first half of 2021, online non-car insurances generated a premium income of over 36 billion yuan. The idea behind insurtech is that innovation and new technology can increase the efficiency of the insurance industry. Both established insurance companies and startups are developing this business sector in China.