China’s insurance industry has reported premium income of RMB3.45 trillion (US$490 billion) for the first nine months of 2019, or 12.6% higher than the same period last year.
Meanwhile, expenditures on compensation and payouts increased by 3.1% year-on-year to RMB941.1 billion (US$133.9 billion), according to a Xinhua report that cited figures from the China Banking and Insurance Regulatory Commission (CBIRC).
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.