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International

Chinese insurers post 42.18% increase in revenues in Q1

April 27, 2016 Reprints

The China Insurance Regulatory Commission has said that premium revenues of Chinese insurers increased 42.18% year on year to a record 1.19 trillion Chinese yuan ($183 billion) in the first quarter of 2016, reports China Daily.

But the regulator said that a volatile capital market and a sluggish economy are likely to hurt insurers' profitability.

The CIRC estimated that insurers' total profits will fall 55.29% year on year to CNY 38.9 billion during the quarter.

Premium revenues of foreign insurers increased 71.68% year in year in the quarter.

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Chinese insurers post 42.18% increase in revenues in Q1

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