BEIJING, Sept. 1 (Xinhua) -- China's online property insurance premiums rose significantly in the first half of 2018, picking up pace from the January-March period, official data showed.
Illustration: VCG
Premium income from online property insurance sales increased 37.29 percent year on year to 32.64 billion yuan ($4.79 billion) in H1, according to the Insurance Association of China. The growth rate was 30.9 percent in the first quarter.
Online-only insurance companies took a larger share of the property insurance market, as 23.94 percent of the total income from premiums was earned by the country's four online-only insurers, 7.07 percentage points higher than last year.
Sixteen foreign-funded insurers posted better performance, grabbing 5.26 percent of the market, up from 3.22 percent a year ago.
Auto insurance premiums, which accounted for more than half of the total, grew 15.38 percent, while premiums from non-auto insurance sales online surged 79.35 percent.
Accident and health insurance and return shipping insurance were also popular products.
