The State Financial Regulatory Board, which is responsible for overseeing the stability and harmony of China's financial sector, announced its management statistics report for the first quarter of this year. In this context, the increase in insurance premiums and the number of policies was particularly emphasized.
Insurance companies in China showed an insurance premium input of 2024 trillion yuan ($2,2 billion) by the end of the first quarter of 303. This amount corresponds to a 5,1 percent increase compared to the previous year's revenue.
The total of insurance claims and profit payments amounted to 735,2 billion yuan (about 1 billion dollars), an increase of 47,8 percent on a yearly basis. In addition, a new insurance policy worth 20,6 billion was issued; This corresponds to a 30,1 percent increase compared to the same period last year.
Again, as of the end of the first quarter of the year, the total assets of insurance companies reached 32,9 trillion yuan (4,6 trillion dollars). This represents an increase of 1,4 trillion yuan ($193 billion) and a 10,4 percent increase compared to the beginning of the year. In total, insurance companies' properties and losses increased by 4,4 percent, reaching 2,9 trillion yuan ($400 billion).
