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 Silk Road
Industry

China's insurance sector sees premium income growth in January

March 15, 2021


Abstract : China's insurance industry registered strong recovery in January 2021, seeing premium income up 11.2 percent year on year, official data showed.

BEIJING, March 13 (Xinhua) -- China's insurance industry registered strong recovery in January 2021, seeing premium income up 11.2 percent year on year, official data showed.

Insurers in the country saw their premiums top 1 trillion yuan (about 153.6 billion U.S. dollars) in January, according to the China Banking and Insurance Regulatory Commission (CBIRC).

In breakdown, personal insurance premiums climbed 13.8 percent year on year to 881.6 billion yuan, and property insurance premiums stood at 127.8 billion yuan, down 4.3 percent over one year earlier, CBIRC data showed.

The rapid growth of personal insurance premiums ramped up the recovery of the industry. Premium income for health insurance soared 28.1 percent year on year in January to 120.6 billion yuan, as the COVID-19 pandemic pushed up consumers' health consciousness.

In the same period, premiums for life insurance and accident insurance also rose 11.9 percent and 10.2 percent year on year, respectively.

Last year, Chinese insurers' premium income totaled 4.5 trillion yuan, up 6.1 percent year on year, data from the commission showed. Enditem

Scan the QR code and push it to your mobile phone

Keyword: insurance

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.

Identifying code 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