China reports 6.4% rise in insurance premiums in H1
China’s insurance sector notched up 597.55 billion yuan (87.88 billion U.S. dollars) in premium revenue in the first half of this year, said an official from the China Insurance Regulatory Commission (CIRC). The earnings showed an increase of 6.4 percent year on year, said Chen Wenhui, CIRC Chairman assistant, at a symposium on micro-insurance, which was held in Taiyuan, capital of north China’s Shanxi Province, from Tuesday to Wednesday. Property insurance premiums rose 15.84 percent to 1
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