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Life premiums not expected to pick up
By Feng Jianmin |
November 23, 2012, Friday
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Print Edition
Print Edition
CHINA'S life insurance premium income rose 3.8 percent in the first 10 months from a year earlier to 874.7 billion yuan (US$140 billion), the China Insurance Regulatory Commission said yesterday.
But the property insurance sector saw a 15-percent jump in premium income, the CIRC said.
Peng Yulong, an analyst at Guotai Junan Securities, said the life insurance premiums may not pick for the remainder of the year, but the expansion of investment options by the CIRC may give insurers a boost.
Domestic life insurers collected 819.8 billion yuan in premiums in the first 10 months while their foreign peers took in 37.5 billion yuan, the CIRC said.
But the property insurance sector saw a 15-percent jump in premium income, the CIRC said.
Peng Yulong, an analyst at Guotai Junan Securities, said the life insurance premiums may not pick for the remainder of the year, but the expansion of investment options by the CIRC may give insurers a boost.
Domestic life insurers collected 819.8 billion yuan in premiums in the first 10 months while their foreign peers took in 37.5 billion yuan, the CIRC said.
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