Value of investments in technology of insurance companies in China 2020-2024, by type

Published by
Daniel Slotta,
Sep 22, 2023
The Chinese insurance industry is undergoing a transformative process with established enterprises and startups fighting for market shares in the online business and streamlining business operations. In 2020, insurance companies invested over 35 billion yuan in new technology. According to estimates, the value of investments was expected to rise and reach almost 80 billion yuan by 2024.

Value of insurance companies' investments into informatization and digitization in China in 2020 with estimates until 2024 (in billion yuan)

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Release date

December 2021

Region

China

Survey time period

2020

Supplementary notes

*Estimate.

One yuan equals 0.15 U.S. dollars and 0.14 euros (As of May 2022).

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