By Zhang Dingmin
Nov. 15 (Bloomberg) -- Chinese insurers' premium income may reach 1 trillion yuan ($147 billion) this year, according to China Insurance Regulatory Commission Vice Chairman Wei Yingning.
The nation's insurance protection fund, designed to protect policyholders in the event of insurer failures, has grown to more than 13 billion yuan, Wei told a financial conference in Beijing today.
Premiums totaled 793.9 billion yuan in the first nine months, up 49 percent from a year earlier, industry data showed.
To contact the reporter for this story: Zhang Dingmin in Beijing at Dzhang14@bloomberg.net
Posts
No comments:
Post a Comment