BEIJING, Aug. 13 (Xinhua) --China's health insurance sector put on an outstanding performance against the background of the overall downturn in the insurance industry, according to a research report recently released by the Insurance Association of China, the Xinhua-run Shanghai Securities News reported Thursday.
Compared with other types of insurance, health insurance business can be operated by various insurance companies, such as life insurance companies and property insurance companies. According to the report, the health insurance premium income of the life insurance companies and property insurance companies in the first quarter of 2021 came to 198 billion yuan and 26.4 billion yuan, respectively, with a year-on-year growth rate of 16.8 percent and 31.14 percent.
With the continuous release of the dividends of various policies, increasing demand and innovation, the health insurance industry has ushered in fast development with clearer functional positioning of basic medical insurance and commercial health insurance and more obvious technological innovation trend.
At the same time, there are still challenges faced by the sector such as how to integrate digital technology into various business senarios and achieve innovations in business model, and how to deal with the information security risks that may be brought by digital operations.
(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)
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