500 insurance products sold online in China

More than 500 insurance products are sold in China online, with accident insurance taking up the bulk of the products, a recent report in Asia First Intelligence has shown. According to Wind Information Statistics, there are about 300 accident insurance products that are marketed only through online channels in China, of which 80 are health insurance, 40 endowment insurance, and 20 universal insurance products. Most of the insurance products sold through online channels were launched between 2013 and 2014, the report said.

The China Insurance Regulatory Commission said it supported the marketing of online insurance products but issued warnings against unorthodox insurance schemes.