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International

Chinese insurer profits likely to rise by average 73% in 2015

January 25, 2016 Reprints

Zhou Yanli, vice chairman of the China Insurance Regulatory Commission, said that net profits of the nation's insurance industry are likely to rise by an average of almost 73% year on year in 2015, Asia Insurance Review reports.

Data from the CIRC has estimated that the industry's profits increased 95% year on year to 244.02 billion Chinese yuan ($37.1 billion) during the first nine months of 2015.

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Chinese insurer profits likely to rise by average 73% in 2015

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