Versicherungswirtschaft-heute

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Non-life premiums in China grow dynamically

12.08.2015 – 735841_web_R_by_M. Hermsdorf_pixelio.deThe Chinese non-life sector registered a premium growth by 12 percent to 326,9 billion Chinese Yuan Renminbi (68,7 billion US-Dollar) in the first half of this year, according to data from the China Insurance Regulatory Commission. PICC, Ping An, China Pacific, China Life Property & Casualty, China United, China Continent, Sunshine, Taiping An and China Export & Credit Insurance are the top ten players in terms of premiums.

There is no change in the positioning of the top seven non-life insurers compared to the first half of last year. However, China Export & Credit Insurance fell from the number eight place to ten in the first half of this year, while Taiping and Tian An both moved up by one position in the same period.

China Export & Credit Insurance was the only player among the top ten to post a fall in premiums in first half this year. Its premiums declined by 20,5 percent compared to the corresponding period last year. As a whole, China’s non-life sector’s premiums grew by 16 percent to 720,34 billion CNY. There are more than 60 non-life insurers in the country. (vwh/mst)

Bildquelle: M. Hermsdorf / pixelio.de

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