Aug. 27, 2012 (China Knowledge) - China's insurance industry reaped RMB 958.66 billion in insurance premiums in the first seven months of this year, 5.87% more than that in the same period of last year, according to the latest statistics released by the China Insurance Regulatory Commission
In July, the country's insurance premium income fell 27.51% from June to RMB 105.41 billion.
The country's premium income from personal insurance business was RMB 646.31 billion during the 7-month period, down 2.08% YoY.
The nation's property insurance premium income for the period amounted to RMB 312.35 billion, 14.56% more than that in the corresponding period of last year, said the commission.
The balance of insurance funds in bank deposits had decreased RMB 206.68 from a month earlier to RMB 2.05 trillion at the end of July, while that of insurance fund under investments had grown by RMB 124 billion from a month ago to RMB 4.05 trillion.