News China17 May 2024

China motor insurance industry predicted to surpass US$158bn by 2028

| 17 May 2024

The mainland Chinese motor insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.4% from CNY912.2bn ($127.4bn) in 2024 to CNY1,125.7bn ($158.9bn) in 2028, in terms of gross written premiums (GWP), forecasts data and analytics company GlobalData.

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