China saw its premium insurance income rise to 561.79 billion yuan (80.3 billion U.S. dollars) during the January-June period, up 51 percent over the same period last year.
Property insurance premium income was 129.93 billion yuan in the first half of this year, said China Insurance Regulatory Commission (CIRC) on Wednesday.
Premium income from people-related insurance, including life accident insurance and other health insurance, hit 431.86 billion yuan, up 64 percent over the same period last year.
Wu Dingfu, chairman of the CIRC, attributed the surging premium income of people-related insurance to hot sales of investment-oriented insurance products.
Premium income of investment-oriented insurance products accounted for 79 percent of the people-related insurance's total premium income, up 0.9 percentage point over the same period last year, said Wu.
Meanwhile, the country's insurers paid more indemnity in the first half due to huge losses caused by big disasters. Compensation totaled 154.39 billion yuan in the first six months, up 33.4 percent over the same period last year.
Total assets of China's insurance industry topped 3.02 trillion Yuan by June. The figure was 2.9 trillion yuan by the end of last year.
Source:Xinhua
|
Comment
Tell A Friend
Print Format
Save Article