Insurance firms lift off on sales of life products
By Feng Jianmin |
June 25, 2013, Tuesday
|
Print Edition
Print Edition
A rebound in sales of life insurance products helped China's insurance market to grow faster in the first five months of this year.
The growth more than doubled the 4.5 percent annual expansion recorded from January to May last year.
Domestic and foreign insurers reaped a total of 774.3 billion yuan in premiums in the first five months, a surge of 9.4 percent from a year earlier, the China Insurance Regulatory Commission said yesterday.
Property and casualty insurance companies generated a premium income of 16.84 percent annually, 2 percentage points faster than seen in the first five months of last year.
Life insurance firms' premiums rose 5.88 percent, up from a nearly flat growth last year.
Zhang Ying, an analyst with Industrial Securities Co, said life insurance premiums continued to recover this year as innovative products were launched while competition from banks' wealth management products eased.
Demand for property and casualty insurance will remain high, according to Zhang.
The growth more than doubled the 4.5 percent annual expansion recorded from January to May last year.
Domestic and foreign insurers reaped a total of 774.3 billion yuan in premiums in the first five months, a surge of 9.4 percent from a year earlier, the China Insurance Regulatory Commission said yesterday.
Property and casualty insurance companies generated a premium income of 16.84 percent annually, 2 percentage points faster than seen in the first five months of last year.
Life insurance firms' premiums rose 5.88 percent, up from a nearly flat growth last year.
Zhang Ying, an analyst with Industrial Securities Co, said life insurance premiums continued to recover this year as innovative products were launched while competition from banks' wealth management products eased.
Demand for property and casualty insurance will remain high, according to Zhang.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
