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BIZCHINA> China Insurance
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Q1 life insurance boom in Shenzhen
By Zhao Tingting (chinadaily.com.cn)
Updated: 2008-05-04 10:52
Premiums from property insurers reached 2.19 billion yuan, up 18.03 percent. Premiums from life insurers were 4.16 billion yuan, up 53.9 percent. Fluctuations on the capital market fueled the booming insurance market, said people closed with the Shenzhen bureau. Meanwhile bancassurance businesses are boosting their insurance sales. China-funded insurers hold the greatest share in the Shenzhen insurance market, accounting for 89.7 percent, while foreign-funded ones only 10.3 percent, down 4.15 percent year-on-year. ...... The full text is available in the April Issue of China Insurance. (For more biz stories, please visit Industries)
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