Forecast: Claim and Payment of Guarantee Insurance of Property Insurance Companies in China

The forecasted claim and payment of guarantee insurance by China's property insurance companies show gradual growth from 2024 to 2028, starting at 445.2 billion yuan in 2024 and reaching 506.63 billion yuan by 2028. In 2023, this value stood at approximately 430.0 billion yuan, indicating progressive growth. Over these years, the year-on-year percentage increase remains steady at around 3.5%. This results in a five-year CAGR of approximately 3.35%, reflecting consistent expansion in the sector.

Future trends to watch for include:

  • Increased integration of technology and digital platforms in claims processing, enhancing efficiency and customer experience.
  • Potential impacts of regulatory changes surrounding insurance practices and claims standards.
  • Shifts in consumer protection laws that could influence claim amounts and procedures.

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