Chinese non-life insurance: online underwritings in decline

assurance en ligneThe Insurance Association of China reports that the non-life insurance market saw a decline in online earnings in 2020. The number of policies sold online decreased by 0.92% in 2020.

The non-life premiums underwritten on the internet amounted to 79.8 billion CNY (12.2 billion USD) in 2020, degrading by 4.85% compared to 2019.

The Chinese insurance market is dominated by the accident, health, motor, and marine activities. These latter account for 82.3% of the total online P&C insurance premiums.

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