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It rose 10.8% to an estimated $4.12t.
Official data from the National Administration of Financial Regulation (NAFR) revealed that China's insurance sector's total assets amounted to about $4.12t at the end of the third quarter of 2023, Xinhua News Agency reported.
This represents a 10.8% increase compared to the previous year.
READ MORE: Assets of China's insurance companies see steady expansion
Additionally, China's insurance premium income rose by 11% year-on-year to $590b in the first three quarters of 2023.
Expenditure on compensation and payment during the same period increased by 20.1% year-on-year to reach $190b.
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