Home>>
Assets of China's insurance companies see steady expansion
(Xinhua) 13:25, October 23, 2023
BEIJING, Oct. 22 (Xinhua) -- The total assets of China's insurance sector amounted to 29.6 trillion yuan (about 4.12 trillion U.S. dollars) at the end of the third quarter of this year, official data showed.
The figure was up 10.8 percent year on year, according to the National Administration of Financial Regulation (NAFR).
China's insurance premium income went up 11 percent year on year to 4.3 trillion yuan in the first three quarters of 2023, the NAFR said.
During the same period, expenditure on compensation and payment reached 1.4 trillion yuan, an increase of 20.1 percent year on year, the NAFR added.
(Web editor: Zhang Kaiwei, Liang Jun)
Photos
Related Stories
- Income of China's basic medical insurance fund up 9.3 pct in Jan-Aug
- Assets of China's insurance companies log steady expansion
- China's insurance companies handle 145,000 claims in disaster-hit regions
- China's insurance sector maintains adequate solvency in Q1
- China's insurance asset management association registers product scale of over 155 bln yuan
About People's Daily Online | Join Us | Contact Us
Copyright © 2023 People's Daily Online. All Rights Reserved.
Copyright © 2023 People's Daily Online. All Rights Reserved.