News China05 May 2023

Motor insurance accounts for 45% of total 1Q non-life premiums, a record low ratio

| 05 May 2023

Motor insurance maintained its position as the biggest branch of P&C insurance business in China in 2023, according to data released by the CBIRC. With premium income of CNY208.7bn ($30.2bn) in the first quarter of the year, motor insurance grew at 6% year on year and accounted for 44.71% of 1Q2023's total non-life premiums, a record low ratio.

eWeekly China Newsletter is available to eChina subscribers only.

Please login to read the full news

Please Click here to subscribe eChina.
Enter the code shown above in the box below.

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.

Error : Object reference not set to an instance of an object.

Recent Comments
Other News

Follow Asia Insurance Review