Forecast: Premium of Health Insurance of Property Insurance Companies in China

The premium for health insurance by property insurance companies in China has shown a strong upward trajectory from 117.97 hundred million yuan in 2013 to 1900.0 hundred million yuan in 2023, demonstrating consistent growth. The year-on-year growth rates observed significant variations, with a peak increase of 62.92% in 2013 and decreasing to 15.92% by 2023. Over the last five years, the CAGR was 27.29%, reflecting sustained but decelerating growth.

Looking forward from 2024 to 2028, premiums are forecasted to grow, reaching 3190.0 hundred million yuan in 2028. The forecasted 5-year CAGR is 8.08%, indicating a moderation in growth rate compared to historical figures. This period is expected to see a total growth of 47.5% over the five years.

Future Trends to Watch For:

• Shifting consumer demographics and aging population may influence premium growth.
• Policy changes and regulatory developments impacting the insurance landscape.
• Technological advancements such as AI and big data in underwriting processes.
• Emerging health trends and pandemics potentially altering demand and premium calculations.