Forecast: Claim and Payment of Accident Injury Insurance of Property Insurance Companies in China

In 2023, the claims and payments for accident injury insurance by property insurance companies in China were valued at 252.46 billion Yuan. From 2024 onwards, the industry is projected to see a steady increase, reaching 382.71 billion Yuan by 2028. This reflects a consistent year-on-year growth of around 8%-9% for the forecasted period.

The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be approximately 8.12%, indicating robust expansion in the sector.

Trends to watch for include:

  • Technological advancements in claims processing improving efficiency.
  • Regulatory changes impacting insurance practices and policies.
  • Market dynamics driven by economic factors and consumer behavior.

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