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Jiangsu tops other provinces by premium

By Song Hongmei (chinadaily.com.cn)
Updated: 2007-01-30 14:36

Related publication: Related readings: China's insurance sector amasses US$71.6B of premiums New China Life reaps US$3.34b in premium revenue

East China'sJiangsuProvince posted insurance premiums of 50.28 billion yuan (US$6.47 billion) in 2006, accounting for 8.9 percent of the country's total, according to figures from theChina Insurance Regulatory Commission.

The figure represented a growth of 14.98 percent from 2005, making Jiangsu the first province in China to realize a premium revenue of more than 50 billion yuan.

In fact, Jiangsu's premium revenue increased by 12 percent or above for three consecutive years and has been ahead of other provinces in the country for four consecutive years in terms of premiums.

Its property insurance premiums rose 28.6 percent year-on-year to hit 12.04 billion yuan in 2006 while life insurance premiums reached 38.24 billion yuan, up 11.26 percent.

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The full text is available in the January Issue ofChina Insurance.