Premiums skyrocket
Source: Xinhua |
May 21, 2010, Friday
|
Print Edition
Print Edition
CHINA'S insurers posted strong growth in premium income from January to April due to a rebounding economy, the China Insurance Regulatory Commission said yesterday.
In the first four months, premium income in the insurance industry topped 565.5 billion yuan (US$82.8 billion), up 36.58 percent from a year earlier, CIRC said.
Profits of insurers surged 158 percent to 27.75 billion yuan from January to April, according to CIRC.
Market share of foreign insurance companies rose slightly to 4.07 percent in the January-April period with premium income of 23.04 billion yuan, it said.
Insurance funds, which include insurance companies' bank deposits, bonds and securities investments, totaled 3.97 trillion yuan in the first four months with a yield of 1.52 percent.
In the first four months, premium income in the insurance industry topped 565.5 billion yuan (US$82.8 billion), up 36.58 percent from a year earlier, CIRC said.
Profits of insurers surged 158 percent to 27.75 billion yuan from January to April, according to CIRC.
Market share of foreign insurance companies rose slightly to 4.07 percent in the January-April period with premium income of 23.04 billion yuan, it said.
Insurance funds, which include insurance companies' bank deposits, bonds and securities investments, totaled 3.97 trillion yuan in the first four months with a yield of 1.52 percent.
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