The forecast for enterprise property insurance claims and payments in China shows steady growth from 2024 to 2028. The year-on-year increase is approximately 3% each year starting from 2024, with 2023 figures acting as a baseline for comparison, although not specified here. This consistent growth leads to a five-year compound annual growth rate (CAGR) that supports a robust upward trend in the sector.
Future trends to watch for include:
- Emerging risks from technological advancements
- Climate change impacts
- Regulatory shifts in China's insurance market
- Increasing demand for risk mitigation solutions in rapidly developing urban areas
- Evolution of insurance products adapting to SMEs' specific needs