26, 2014 (China Knowledge) – China's insurance industry reaped
RMB 1.73 trillion in insurance premiums in the first ten months of this year, 18.3%
more than that in the same period of last year, according to the latest
statistics released by the China Insurance Regulatory Commission.
country's premium income from life insurance business was RMB 1.11 trillion in
the first ten months, up 19.36% year on year.
to Oct 2014, the nation's property insurance premium income for the period
amounted to RMB 617.3 billion, 16.29% more than that in the corresponding
period of last year.
balance of insurance funds in the country had grown 14.49% from the beginning
of this year to RMB 8. 8 trillion at the end of Oct 2014, of which RMB 2.46
trillion were in bank deposits, RMB 3.57 trillion in bond investments and RMB
892.52 billion in stocks and securities investments.
end of Oct 2014, the total assets of China’s insurance companies amounted to
RMB 9.65 trillion, 16.4% more than at the beginning of this year.