Penetration rate of insurance ownership in China 2023, by generation

Published by
Daniel Slotta,
Dec 15, 2023
In 2023, 91 percent of Millennial respondents stated that they were insurance owners, according to Statista's Consumer Insights. In contrast, the insurance ownership among Baby Boomers was significantly lower, with only 80 percent of respondents saying that they own insurance.

Ownership of insurance products in China in 2023, by generation

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Source

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Release date

November 2023

Region

China

Survey time period

4 October 2022 to 28 September 2023

Number of respondents

24,504 respondents

Method of interview

Online survey

Supplementary notes

The original question was phrased by the source as follows: Recode based on Insurances by type (detailed) and Health insurance by type (detailed) (single-pick) .

More information on the methodology can be found here.

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