Magazine date:
Apr 2015 According to Wind Information statistics, a financial data provider, over 500 insurance products are sold via internet in China, out of which 360 involve the payment of a single premium.
With 300 products available online, accident insurance is the most distributed class of business through this channel, followed by health insurance (80 products).
Online insurance experienced exceptional growth between 2013 and 2014. This type of distribution of an average selling cost of 10 and 12% is very interesting for insurance companies because it is much cheaper than the traditional way that is around 28%.