Source: asiainsurancereview.com

China’s online property insurance industry saw a decline in earnings last year, industry data showed.

The premiums of online P&C insurance dropped by 4.85% year on year to about CNY79.8bn ($12.2bn) in 2020, reported Xinhua News Agency citing statistics from the Insurance Association of China.

Accident and health insurance, motor insurance and insurance for shipping returned goods were the top three lines online last year, with aggregated premiums accounting for 82.3% of the total.