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

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Sources

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).

Citation formats

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

Published by Jenny Yang, May 6, 2022
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 ** billion yuan in new technology. According to estimates, the value of investments was expected to rise and reach almost ** billion yuan by 2024.
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