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Biggest problems of the insurance market in China 2022

Published by
Daniel Slotta,
May 19, 2022
A survey conducted in China in 2022 showed that for over 62 percent of respondents, complicated contracts, unclear clauses, and insufficient additional services were the main grievances with the insurance industry. Participants of the survey also stated that they thought there were too many insurance products and they were too indistinguishable.

Main issues of the insurance market according to consumers in China in 2022

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Release date

March 2022

Region

China

Survey time period

January 1 to January 20, 2022

Number of respondents

3,000 respondents

Age group

26-55 years

Special properties

among urban residents who have at least a bachelors degree

Method of interview

Questionnaire and personal interview

Supplementary notes

Multiple answers possible.

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Statistics on " Insurance industry in China "

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Statistics on Insurance industry in China

Overview

4

Insurance premium

6

Benefit payment

6

Insurance companies

4

Insurtech

5

Consumer perspective

6

Further related statistics

21

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