China’s Property Insurance Payouts Reach $158 Billion in 2024
Beijing, China – March 14, 2025 – Data from the National Financial Regulatory Administration indicates that China’s insurance industry saw total payouts exceeding CNY2.3 trillion ($322 billion) in the year 2024. A significant portion of this figure, approximately $158 billion, was attributed to property insurance claims.
This highlights the considerable scale and activity within the Chinese property and casualty (P&C) insurance sector. The data underscores the importance of property insurance in the country’s financial landscape and the substantial financial commitments made by insurers to policyholders. Further developments in the industry are anticipated as market dynamics continue to evolve.
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