In the first half of 2020, a total of 72 property insurance companies launched Internet insurance business, and the accumulated premium income of Internet property insurance totaled 37.112 billion yuan, a year-on-year decrease of 2.73%, according to data from China Insurance Industry Association.
This is another negative growth state of Internet property insurance business after sustained negative growth in 2016-2017 and rebound in 2018-2019.
In the first half of 2020, the total number of insurance policies underwritten by internet property insurance was 13.457 billion, an increase of 5.53% year-on-year.
Overall, the business growth of professional Internet insurance companies is relatively stronger.
In the first half of 2020, Zhongan Insurance, Taikang Online, Anxin Insurance, and Yi'an Insurance together underwrote 4.354 billion insurance policies; the accumulated premium income was 13.278 billion yuan, up 44.22% year-on-year, far higher than the growth rate of the Intern...
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