May. 25, 2012 (China Knowledge) - China's insurance industry reaped RMB 592.21 billion in insurance premiums in the first four months of this year, 3.75% more than that in the same period of last year, according to the latest statistics released by the China Insurance Regulatory Commission
The country's premium income from personal insurance business was RMB 417.67 billion during the 4-month period, up 0.18% YoY.
The country's property insurance premium income for the period amounted to RMB 174.54 billion, 13.41% more than that in the corresponding period of last year, said the commission.
The country's insurance claim payment was RMB 152.34 billion in the first four months.Jiangsu
Province topped rankings in terms of insurance premiums in the period, with the figure hitting RMB 53.51 billion, followed by Guangdong
Province with RMB 49.07 billion and Beijing
with RMB 34.57 billion.
At the end of April, the industry's total assets had reached RMB 6.33 trillion.