Underwritten insurance contracts also went down over the course of last year.
Chinese online property insurers saw their premiums decline 4.85% YoY to $12.2b (CNY79.8b) in 2020, Xinhua News Agency has reported.
The industry had underwritten a total of about 28 billion insurance contracts as of the end of 2020, 0.92% lower than in 2019.
Data from the Insurance Association showed that accident and health insurance, car insurance and insurance for shipping returned goods were the top three earners last year, with aggregated premiums accounting for 82.3% of the total.
Join Insurance Asia community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!