Volltext-Downloads (blau) und Frontdoor-Views (grau)

Developments in Chinese Online Insurance 2022

  • Lihong Wang reported on the rapid expansion of Chinese Online Insurance. With the ongoing lifestyle and demographic changes, online insurance is becoming one of China's key distributional and operational business models. More than 140 Chinese insurance companies had launched an online business by 2021, with a total premium of 298 billion Yuan (US$45 billion) or 6% of the industry total. Over 7741 enterprises are registered and involved in online insurance. Despite ongoing pandemic issues and lockdowns, online insurance became the accelerators for premium growth in China, especially in the life and health insurance sectors. While the opportunities are enormous, online insurers are facing a number of challenges, such as tightening regulations, a shortage of competent advisors, rising fraud and global recessions. With over 900 million mobile users in China and a population that is ageing and witnessing a reduction in fertility, online insurance will keep growing.

Export metadata

Additional Services

Share in Twitter Search Google Scholar


Author:Lihong Wang
Series (Serial Number):Publikationen der Kölner Forschungsstelle Rückversicherung (17/2022)
Document Type:Conference Proceeding
Creating Corporation:TH Koeln
Date of first Publication:2022/08/15
Date of Publication (online):2022/12/05
GND-Keyword:Kölner Forschungsstelle Rückversicherung; Rückversicherung; Versicherung; Versicherungswirtschaft
Page Number:13
Institutes:Wirtschafts- und Rechtswissenschaften (F04) / Fakultät 04 / Institut für Versicherungswesen
Dewey Decimal Classification:300 Sozialwissenschaften / 330 Wirtschaft
JEL-Classification:G Financial Economics / G2 Financial Institutions and Services / G22 Insurance; Insurance Companies
Open Access:Open Access
Licence (German):License LogoCreative Commons - CC BY - Namensnennung 4.0 International