China - Premium income up 19% y-o-y to US$188 bln in Jan-May
Source: Asia Insurance Review | Aug 2015
Total premium income rose 19.46% y-o-y in the first five months of the year to CNY1.16 trillion (US$187.93 billion), according to CIRC data.
The life sector’s premium income grew 22.93% to CNY837.66 billion while the P&C sector rose 11.46% to CNY328.98 billion. Among the JV insurers, AXA Tian Ping was the top non-life insurer as its premium income rose 14.65% y-o-y to CNY3 billion. This was 4.8 times higher than AIG which was second with CNY624.67 million; ICBC-AXA Life was the top life insurer as its premium income jumped 130.65% y-o-y to CNY14.35 billion, triple that of AIA, which was second with CNY4.76 billion.