Chinese property insurers' premiums up nearly 9%

Data from the China Banking and Insurance Regulatory Commission showed that local insurers' premiums increased 8.7% year-on-year to 1.5 trillion Chinese yuan ($214.7 billion) in 2022, Xinhua reported. The commission said that it will continue implementing industry reforms and developing insurance lines, including green insurance, climate insurance, cyber security insurance and new-energy insurance.