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China's overall premiums in 2013 totaled 1.72 trillion Chinese yuan ($283.97 billion), increasing 11.2% year on year, China Insurance Regulatory Commission's chairman Xiang Junbo said.
The property insurance sector continued to report a strong growth in premiums, with the total figure increasing 16.5% to CNY 621.2 billion ($102.56 billion), reports Chinese news website Cnfol.com.
Chinese insurers' total assets reached CNY 8.3 trillion ($1.37 trillion), up 12.7% from the start of the year.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms