China

Nearly 28% admitted to buying insurance from the Internet.

The insurer was able to grow its retail customer base to 179 million.

China’s deleveraging campaign has prompted the insurer to look for further growth engines.

Urban and rural residents will enjoy equal benefits.

Ping An P&C’s motor insurance service uses image recognition to provide repair estimates based on submitted pictures.

These are commonly structured as short-term savings products.

The quarterly growth reverses a slight decline registered last year.

Such assets offer higher returns of 9.42% than 5% on average offered by corporate bonds.

Average comprehensive solvency ratios of life and P&C insurers remained above 200% as of end 2017.

Strong performance from the life and health segment boosted quarterly earnings.