China: Total 2013 premiums up 11.2% to $283.97 billion, says regulator

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.

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