Insurance premiums up 49% through September

Premium income at Chinese insurers jumped 49% year-on-year to US$116.18 billion (RMB793.96 billion) in the first nine months of the year, the China Securities Journal reported, citing China Insurance Regulatory Commission figures. It said revenues from insurance premiums were likely to break the RMB1 trillion (US$146.33 billion) threshold this year. The newspaper also reported that total assets at Chinese insurers would amount to US$468.24 billion (RMB3.2 trillion) as at the end of September 2008.