Chinese insurers’ premium income up by almost 8%

Data from the China Banking and Insurance Regulatory Commission showed that the insurers recorded 7.8% year-on-year growth in premium income to 1.8 trillion Chinese yuan ($278.2 billion) in the first quarter, China.org.cn reported citing Xinhua. The Chinese insurance industry saw 11.7% increase in combined assets to CNY24.3 trillion in the reported quarter.

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