The Chinese property insurance industry is projected to grow at a compound annual growth rate (CAGR) of 7.7 percent, increasing from 282.5 billion yuan (US$39.6 billion) in 2026 to 380.5 billion yuan (US$53.7 billion) by 2030, in terms of gross written premium (GWP), according to GlobalData, an intelligence and productivity platform.
GlobalData’s insurance database forecasts that the Chinese property insurance industry is expected to register an annual growth rate of 6.1 percent in 2026, up from 4.9 percent growth in 2025. Growth is likely to be sustained by initiatives to narrow the home insurance protection gap, rising disaster-risk solutions (including parametric covers), and continued technology adoption in pricing and claims. Industry actions supporting this trajectory include inclusive home insurance pilots, catastrophe-risk modelling, and the development of catastrophe and disaster insurance solutions addressing both urban and rural exposures. These measures are expe
