, China

Chinese insurers' gross premium income jumps 11.6% to $155b

Life insurers' premium income rose 13.5%.

China’s insurance industry posted a 11.6% YoY jump in gross premium income to $155b (CNY1.01t) in January, according to data from the Chinese Banking and Insurance Regulatory Commission (CBIRC).

Life insurers’ gross premium income rose 13.5% to $131b (CNY851.5b), accounting for 87% of total premiums.

On the other hand, property insurers recorded a meager 0.13% increase in generated premiums to $24.3b (CNY157.9b).

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