Financials Nov 28, 2020 06:58 AM (GMT+8)
By the end of October, the market share of vehicle insurance had dropped to 59.33%, a year-on-year decrease of 4.04 percentage points. In the field of property insurance, the situation of long-term "one insurance dominating" of auto insurance is improving. With the implementation of comprehensive reform of auto insurance, the growth rate of auto insurance premium and market share have both declined, and the industry structure has been gradually optimized. Industry insiders said that the data performance in line with regulatory forecasts, but also in line with market expectations.
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