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Chinese insurance premium profit rises 7.8 pct in Jan.-Mar. period
(MENAFN) Figures from China’s top insurance regulator demonstrated that the country’s insurance premium profit climbed 7.8 percent annually in the January-March period this year.
The China Banking and Insurance Regulatory Commission stated that premium profit hit 1.8 trillion yuan (USD278.2 billion) in the stated period.
By the end of March, the industry had joined assets coming to around USD3,7 trillion, a rise by 11.7 percent from a year earlier.
Authorities have moved to increase regulation on the insurance field in recent years as they prioritized avoiding systemic financial hazards.
The China Banking and Insurance Regulatory Commission stated that premium profit hit 1.8 trillion yuan (USD278.2 billion) in the stated period.
By the end of March, the industry had joined assets coming to around USD3,7 trillion, a rise by 11.7 percent from a year earlier.
Authorities have moved to increase regulation on the insurance field in recent years as they prioritized avoiding systemic financial hazards.
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