Insurance premiums up 11.65% | Shanghai Daily

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December 19, 2009

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Insurance premiums up 11.65%

CHINA'S insurance industry collected total premiums of 1.02 trillion yuan (US$149 billion) in the first 11 months of this year, 11.65 percent higher than the same period last year, the China Insurance Regulatory Commission said at a briefing in Beijing yesterday.

Insurers' investment returns topped 195.4 billion yuan in the first 11 months with an average return of 5.91 percent.

Insurers in China were estimated to post profits of 46.09 billion yuan in the first 11 months, compared with a loss of 11.36 billion yuan a year ago, the regulator said.

Property insurance premiums rose by 22.28 percent to 264.02 billion yuan, and the sector was expected to post book profits for the first time in the period.




 

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