News Life and Health10 Oct 2018

China:Insurance premiums stay flat for the first 8 months of the year

| 10 Oct 2018

The Chinese insurance industry saw premium income dip by 0.74% to CNY2.75trn ($397.3bn) for the first eight months of this year, compared to the corresponding period in 2017, according to CBIRC data.

The decline narrowed from the 2.4% decrease seen in the first seven months of this year.

Premiums generated by P&C insurers stood at CNY781bn for the January-August period, up by 13.17% year-on-year; while premiums raked in by life insurers reached CNY1,964bn, down by 5.37% year-on-year.

Total assets of the insurance industry reached CNY17.7trn, an increase of 5.41% over the beginning of the year.


 

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