China Life insurance premiums grow over 20 pct in Jan-Feb
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E-mail Xinhua, March 17, 2019
China Life Insurance Co. Ltd., a leading insurer in the country, saw its premium income increase by over 20 percent year on year in the first two months of 2019, company data showed.
Premium income in the January-February period totaled 189.2 billion yuan (about 28.2 billion U.S. dollars), up 22.38 percent from a year earlier, according to unaudited figures released by the insurer.
That was a much faster growth than the 4.7-percent year-on-year increase recorded in 2018.
Chinese insurers have seen stronger premium growth in recent months after authorities tightened regulations last year to fend off financial risks in the world's second-biggest insurance market.
The sector has shown a stronger capacity to forestall risks as its overall leverage has gradually dropped and business structure improved, the country's insurance regulator said in December.
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