Insurance premiums rose by 15.39% in the first five months of the year to 219.5bn RMB (US$26.5bn), the China Daily reported, citing the China Insurance Regulatory Commission. The commission said premiums from property and casualty insurance rose by 20.5% from a year earlier to 56.98 billion RMB and life insurers earned 162.5bn RMB in the five-month period. Over the past 20 years, premium growth averaged 30% a year. The insurance industry has been growing fast because of the nation's prodigious economic expanson and increasing awareness among the people of the need for risk protection.
You must log in to post a comment.