Five listed insurance giants show combined business growth of over 10% in 2018
Source: Asia Insurance Review | Feb 2019
China’s five A-share listed insurance companies have posted a combined premium income approaching CNY2.2tn ($324m) for 2018, an increase of 10.8%.
The premium incomes for 2018 disclosed to the stock exchange by the five insurance giants were:
The aggregated growth rate of 10.8% for 2018 of the five insurance groups is expected to have exceeded the industry average, for which details are yet to be published.
For comparison, for the 11 months to November 2018, the insurance industry in China grew by 2.97% to CNY3.5tn in premium income. Of this, insurance premium in the P&C market surged by 12.1% to CNY1.06tn while that in the life market fell by 4.75% to CNY1.97tn. Health insurance business in the first 11 months of 2018 raced ahead by 2.2% to CNY505.9bn while accident insurance business jumped by 19.2% to CNY95.5bn. A
|The above news story is taken from Asia Insurance Review’s unique eWeekly China newsletter. eWeekly China focuses on the world’s fourth largest insurance market - in English – providing the most up-to-date news to give readers insights and overviews of the Chinese market.