BIZCHINA / China Insurance
Life insurers see premium down
(chinadaily.com.cn)
Updated: 2007-07-12 17:08
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Distracted by the booming stock market, the premium income of life
insurance companies in China dropped in general in the first five months
of this year. The situation is worst for markets of developed regions
like Beijing, Shanghai and Guangdong, the Shanghai Securities News
reported Wednesday.
The premium income for life insurers in Beijing, Shanghai and Guangdong
in January was 2.482 billion yuan (US$326.6 million), 2.751 billion yuan
and 3.163 billion yuan respectively. The same figures in May dropped to
2.193 billion yuan, 2.207 yuan, and 2.539 yuan respectively.
However, if compared on a year-on-year basis, life insurers in most
markets in China saw a monthly growth in premium income between January
and May, except for Beijing and Shanghai.
...
The full text is available in the China Insurance.
(For more biz stories, please visit Industry Updates)
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