The forecasted claims and payments of life insurance companies in China exhibit a consistent decline from 2024 to 2028, starting at 3.06 hundred billion Yuans and closing at 2.43. This pattern indicates a year-on-year decrease of approximately 5%-6%. Compared to the actual level of claims and payments in 2023, the decrease suggests weakening demand or efficiency improvements. The compound annual growth rate (CAGR) over these five years reveals an average annual decline of about 5.7%.

Future trends to watch for include:

Economic growth or contraction that impacts consumer ability to afford insurance.
Regulatory changes that could influence the insurance landscape.
Technological advancements in claim processing and underwriting enhancing efficiency.
Demographic shifts, such as aging population, affecting demand for life insurance.
Market competition affecting pricing and product offerings.