News Non-Life23 May 2018

China:Online insurance premiums soar 31% in 1Q2018

23 May 2018

China's online property insurance premiums increased substantially in the first quarter of 2018, reversing a slight decline last year, official data show.

Premium income from online property insurance sales jumped by 30.9% year on year to CNY14.46 billion ($2.27 billion) in the first three months, reports the Xinhua News Agency citing data from the Insurance Association of China.

Auto insurance premiums, which accounted for 58.16% of the total, grew by 13.17%, while premiums from non-auto insurance sales online surged by 41.84%.

Accident and health insurance and return shipping insurance were among the most popular products, while more consumers bought insurance products via mobile terminals such as apps and third-party platforms, rather than insurers' websites.

 

| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

Other News


Follow Asia Insurance Review