China, increase of online non life underwritings

Chinese non life insurers collected nearly 76 836  billion CNY (11.84 billion USD) in premiums in 2015 thanks to the sale of insurance policies online.

This turnover represents a 52% increase in comparison with 2014. More than 80% of these amounts are accounted for by the web sites of the insurance companies themselves. A total of 49 non life insurers out of 71 are using the internet as a distribution network.

Sales from platforms other than those of the insurers account for 8.3% of the profits reaped online.

Underwritings generated through applications in mobile devices have reached 9.7%. The last two channels of distribution did not exceed 5% each in 2014.

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