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China InsurTech Market Outlook 2031

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  • 125 Pages
  • September 2022
  • Region: China
  • Research Nester Pvt. Ltd
  • ID: 5665062
The China insurtech market is anticipated to grow with a CAGR of 36.88% over the forecast period, i.e., 2022-2031. Factors such as increasing use of smartphones followed by high investments in digital transformation are projected to drive the growth of the market in the coming years. Additionally, rapid growth in internet user and also growing traditional & online insurers are expected to boost the growth of the market. The market is estimated to garner a revenue of near to USD 4,700 Billion by the end of 2031, up from a revenue of about USD 200 Billion in the year 2021.

The China insurtech market is segmented into numerous segments, which include segmentation by component, product, technology, and by end-use industry. By technology, the market is segmented into blockchain, cloud computing, IoT, and others. By the end of 2031, the big data & machine learning segment is anticipated to garner the largest revenue of around USD 1,400 Billion, up from a revenue of close to USD 60 Billion in the year 2021.

Some of the prominent industry leaders in the China insurtech market that are included in our report are China Pacific Insurance Co., Ping An Insurance (Group) Company of China, Ltd., People’s Insurance Company of China, Zhongan Insurance, Yi’an Property Insurance Co., Ltd., Pintec Technology Holdings Ltd., China Continent Insurance, New China Life Insurance Co., Ltd., Huize Insurance Network All, China Taiping Insurance (HK) Company Limited, and others.

Table of Contents

1. Market Definition2. Assumptions and Acronyms
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. Executive Summary - China InsurTech Market
5. Market Dynamics
5.1. Market Drivers
5.2. Market Opportunities
5.3. Market Trends
6. Major Roadblocks for the Market Growth7. Regulatory and Standards Landscape
8. Impact of COVID-19 on the China InsurTech Market
8.1. Impact on the service providers
8.2. Impact on the demand
8.3. Impact on the end-users
8.4. Impact on the business strategy
8.5. Impact on the new entrants in the market
9. Industry Risk Analysis10. End-Use Industry Analysis11. Competitive Positioning
12. Competitive Landscape
12.1. Market share analysis, 2021
12.2. Competitive benchmarking
12.2.1. China Pacific Insurance Co.
12.2.2. Ping An Insurance (Group) Company of China, Ltd.
12.2.3. People’s Insurance Company of China
12.2.4. Zhongan Insurance
12.2.5. Yi’an Property Insurance Co., Ltd.
12.2.6. Pintec Technology Holdings Ltd.
12.2.7. China Continent Insurance
12.2.8. New China Life Insurance Co., Ltd.
12.2.9. Huize Insurance Network All
12.2.10. China Taiping Insurance (HK) Company Limited
13. China InsurTech Market, 2021-2031
13.1. Market Overview
13.2. By Value (USD Billion)
14. China InsurTech Market - Segmentation Analysis, 2021-2031
14.1. Component
14.1.1. Software, 2021-2031F (USD billion)
14.1.2. Services, 2021-2031F (USD billion) Consulting, 2021-2031F (USD billion) Support & Maintenance, 2021-2031F (USD billion) Managed Services, 2021-2031F (USD billion)
14.2. Product
14.2.1. Auto, 2021-2031F (USD billion)
14.2.2. Business, 2021-2031F (USD billion)
14.2.3. Health, 2021-2031F (USD billion)
14.2.4. Home, 2021-2031F (USD billion)
14.2.5. Life, 2021-2031F (USD billion)
14.2.6. Travel, 2021-2031F (USD billion)
14.2.7. Others, 2021-2031F (USD billion)
14.3. Technology
14.3.1. Blockchain, 2021-2031F (USD billion)
14.3.2. Cloud Computing, 2021-2031F (USD billion)
14.3.3. IoT, 2021-2031F (USD billion)
14.3.4. Big Data & Machine Learning, 2021-2031F (USD billion)
14.3.5. Robo Advisory, 2021-2031F (USD billion)
14.3.6. Others, 2021-2031F (USD billion)
14.4. End-use Industry
14.4.1. Automotive, 2021-2031F (USD billion)
14.4.2. BFSI, 2021-2031F (USD billion)
14.4.3. Government, 2021-2031F (USD billion)
14.4.4. Healthcare, 2021-2031F (USD billion)
14.4.5. Manufacturing, 2021-2031F (USD billion)
14.4.6. Retail, 2021-2031F (USD billion)
14.4.7. Transportation, 2021-2031F (USD billion)

Companies Mentioned

  • China Pacific Insurance Co.
  • Ping An Insurance (Group) Company of China Ltd.
  • People’s Insurance Company of China
  • Zhongan Insurance
  • Yi’an Property Insurance Co. Ltd.
  • Pintec Technology Holdings Ltd.
  • China Continent Insurance
  • New China Life Insurance Co. Ltd.
  • Huize Insurance Network All
  • China Taiping Insurance (HK) Company Limited