Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Industry

China's insurers report Q1 premium income growth at 2.29 pct

May 06, 2020


Abstract : China's insurance industry reported a 2.29-percent year-on-year growth in original premium income in the first quarter (Q1) of 2020, official data showed.

BEIJING, May 2 (Xinhua) -- China's insurance industry reported a 2.29-percent year-on-year growth in original premium income in the first quarter (Q1) of 2020, official data showed.

Original premium income totaled 1.67 trillion yuan (about 236.64 billion U.S. dollars) during the first three months, the China Banking and Insurance Regulatory Commission (CBIRC) said.

The growth rate was 13.6 percentage points lower than in the same period last year.

In breakdown, the premium income growth of property insurance and life insurance dropped 7.7 percentage points and 15.22 percentage points year on year, respectively.

Compensation expenses of the sector were about 303 billion yuan in Q1, down 8.64 percent from the previous year, the CBIRC data showed.

The total assets of the insurance industry stood at 21.72 trillion yuan at the end of March, up 13.66 percent from a year ago. Enditem

Scan the QR code and push it to your mobile phone

Keyword: insurance industry

Reading:

China's major internet firms maintain revenue growth in Q1

China's software industry reports 6.2-pct fall in Q1 revenues

China's logistics sector posts steady growth in 2019

Chinese residents show warmer mood for saving in Q1: central bank

Economic Watch: China nurtures greener growth

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial