In 2023, the claims and payments of engineering insurance for property insurance companies in China stood at 92.00 hundred million Yuan Renminbi. From 2024 to 2028, the figures are forecasted to increase steadily from 99.13 to 128.86 hundred million Yuan Renminbi. This indicates a consistent year-on-year growth averaging at approximately 6.62%. A compound annual growth rate (CAGR) analysis over this period is around 7.08%, reflecting a robust upward trend in engineering insurance claims and payments.
Future trends to watch for include potential regulatory changes, investment in infrastructure projects, and technological advancements that could influence the risk assessment and underwriting processes, possibly impacting the growth trajectory of engineering insurance claims and payments.