China Insurtech Industry - Regional Synopsis
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are increasing use of smartphones, high investments in digital transformation, rapid growth in internet user, and others.
The market is anticipated to attain a CAGR of 36.88% over the forecast period, i.e., 2022 – 2031.
Security concerns, lack of skilled professionals in insurance companies, and regulatory restrictions are some of the factors expected to hinder the growth of the market.
The major players in the market 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., and more.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by component, product, technology, and by end-use industry.
The big data & machine learning is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
