News Life and Health04 Apr 2018

China:Total premiums continue to decline in 2nd month of the year

| 04 Apr 2018

Total premium income in China's insurance industry in January-February declined 18.48% from the corresponding period a year earlier to CNY970.34 billion (US$154.42 billion), according to data released yesterday by the CIRC.

In comparison, China's insurance industry premium income fell by 19.9% to CNY685 billion in the month of January 2018, compared to the same month a year ago.

For insurance companies, premiums generated by P&C insurers stood at CNY194.63 billion for the first two months of this year, an increase of 17.65% over the corresponding period last year. However, life insurers posted a 24.31% plunge in premiums to CNY775.71 billion.

For classes of business, non-life premiums increased by 15.43% to CNY177.22 billion; life premiums fell by 24.71% to CNY690.17 billion, health insurance declined by 18.19% to CNY87.5 billion while accident insurance increased by 18.81% to CNY15.46 billion.

Total assets in the insurance sector amounted to CNY16.9 trillion at 28 February, up 0.81% from the start of the year.



| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.


Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

Other News

Follow Asia Insurance Review