In 2022, the size of the insurtech industry in China reached almost 74 billion yuan. According to the forecast, the online insurance market was projected to be valued at over 125 billion yuan by 2025. The idea behind insurtech is that innovation and new technology can increase the efficiency of the insurance industry. In China, established insurance companies, as well as startups, develop this business sector.
Market size of the insurance technology industry in China from 2015 to 2022
(in billion yuan)
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Zhihu. (June 6, 2023). Market size of the insurance technology industry in China from 2015 to 2022 (in billion yuan) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1304101/china-market-size-of-the-insurtech-industry/
Zhihu. "Market size of the insurance technology industry in China from 2015 to 2022 (in billion yuan)." Chart. June 6, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1304101/china-market-size-of-the-insurtech-industry/
Zhihu. (2023). Market size of the insurance technology industry in China from 2015 to 2022 (in billion yuan). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1304101/china-market-size-of-the-insurtech-industry/
Zhihu. "Market Size of The Insurance Technology Industry in China from 2015 to 2022 (in Billion Yuan)." Statista, Statista Inc., 6 Jun 2023, https://www.statista.com/statistics/1304101/china-market-size-of-the-insurtech-industry/
Zhihu, Market size of the insurance technology industry in China from 2015 to 2022 (in billion yuan) Statista, https://www.statista.com/statistics/1304101/china-market-size-of-the-insurtech-industry/ (last visited November 21, 2024)
Market size of the insurance technology industry in China from 2015 to 2022 (in billion yuan) [Graph], Zhihu, June 6, 2023. [Online]. Available: https://www.statista.com/statistics/1304101/china-market-size-of-the-insurtech-industry/
