Insurance premium income drops 3.3%
Print Edition
China’s insurance sector saw premium income fall 3.33 percent year on year to 2.2 trillion yuan (US$319.3 billion) in the first half of the year, according to official data.
The drop slightly narrowed from the 5.9-percent fall seen in the first five months.
Property insurance firms posted a 14.2-percent rise in premium income, but life insurance companies, which take up over 70 percent of the total premium income, saw an 8.5-percent drop, data from the China Banking and Insurance Regulatory Commission showed.
By the end of June, the industry had combined assets of 17.6 trillion yuan, up 5.35 percent from the start of 2018.
Authorities tightened rules on the insurance sector last year as they prioritized prevention of systemic financial risks.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
