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China insurers' Jan-Oct premium income up 19.9 pct y/y - regulator
November 27, 2017 / 9:18 AM / 15 days ago

China insurers' Jan-Oct premium income up 19.9 pct y/y - regulator

BEIJING, Nov 27 (Reuters) - Total premium income for China’s insurance industry in the January-October period rose 19.9 percent from a year ago to 3.24 trillion yuan ($491.06 billion), data from the country’s insurance regulator showed on Monday.

Premium income for property insurance firms rose 14.4 percent to 858.97 billion yuan, according to a statement posted on the China Insurance Regulatory Commission’s (CIRC) website.

Total assets of the insurance industry were at 16.62 trillion yuan at end-October, up 9.94 percent from the beginning of the year.

$1 = 6.5980 Chinese yuan Reporting by Beijing Monitoring Desk; Editing by Sherry Jacob-Phillips

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