China Insurance Industry Association (referred to as "China Insurance Association") released on August 20th, Internet property insurance business data for the first half of 2018 shows that in the first half of 2018, the Internet property insurance business realized a cumulative premium income of 32.64 billion yuan, accounting for the property insurance company. In the first half of the year, all channels accumulated 5.42% of the original insurance premium income of 602.418 billion yuan, up by 0.91 percentage points over the same period; the Internet property insurance business ended two years of negative growth, which was warmer than the same period and maintained steady growth. The first half of the year accumulated Internet property insurance. The growth rate of the business during the same period was 37.29%, which was 23.11 percentage points higher than the growth rate of all channels of the insurance company.

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　　According to industry insiders, the current Internet property insurance market has various forms and the competition pattern is basically clear. The industry concentration is basically the same as that of the same period. The development advantages in the economically developed areas are obvious. The cross-border cooperation of the Internet non-auto insurance business has become the main theme and continues to show rapid growth.
　　Internet property insurance ends negative growth
　　According to the data of China Insurance Association, in the first half of 2018, Zhong'an Insurance, Taikang Online, Anxin Insurance, Yi'an Insurance and other four professional Internet insurance companies realized accumulated premium income of 7.813 billion yuan, an increase of 94.91% over the same period of last year; 23.94% of the insurance business increased by 7.07 percentage points year-on-year. The other 64 insurance institutions, including ping An property Insurance, pICC p&C Insurance, and CpIC property Insurance, achieved a total premium income of 24.827 billion yuan, accounting for 76.06% of the overall Internet property insurance business chronic illness.
　　Mutual insurance companies have taken the Internet insurance express train, and their business development has improved. Zhonghui property Insurance and Huiyou Construction and Construction, two property insurance mutual insurance companies, opened in the first half of 2017. In 2017, Zhonghui property Insurance generated a total of non-auto insurance premiums of 26,928,400 yuan, and the Internet non-auto insurance market ranked 30th. By the first half of 2018, Zhonghui property Insurance generated a total of 77,418,800 non-auto insurance premiums, and the Internet non-auto insurance market ranked 20th. .
　　The proportion of Internet insurance business of foreign companies has increased. The accumulated Internet property insurance premiums of 16 foreign-invested companies such as Cathay property Insurance, Ansheng Tianping, Allianz Insurance, Meiya Insurance, and Shidai property Insurance were RMB 1.17 billion, with a growth rate of 124.60% over the same period, accounting for 5.26 of the overall Internet property insurance business. %, an increase of 2.04 percentage points over the same period in 2017.

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　　The article was transferred from: http://www.xinhuanet.com/money/2018-08/23/c_1123312530.htm