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BEIJING, Jan. 20 (Xinhua) – Chinese insurance companies listed on the A-share market have announced double-digit growth in their combined premium income last year, according to the company's statements. ;business.
The five insurers listed obtained a total business turnover of 2.19 billion yuan (about 323.1 billion US dollars): Ping An Insurance (Group) Company of China, Ltd., China Life Insurance Company Limited, People's Insurance Company (Group) of China Limited, China Pacific Insurance (Group) Co., Ltd. and the new China Life Insurance Company Ltd.
Compared with 2017, revenues grew by 10.8%, exceeding the 3.9% increase for the entire industry.
The increase in sales came amid a tightening of regulations to defuse financial risks in the world's second-largest insurance market.
The sector has shown greater capacity to counter risks as its overall indebtedness has been gradually declining and the structure of its business has improved, the regulator said in December.
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