Value of premium income of online car insurance in China 2018-H1 2022
As of mid-year 2023, online car insurance generated a premium income of over eight billion yuan. In recent years, the business of auto insurance has been on the decline. The penetration rate also dropped from almost five percent in 2018 to only three percent in the first half of 2021, but by the end of the year, the penetration rate recovered to pre-pandemic levels.