Sector sees rising growth in 2019

China’s insurance industry reported premium income worth CNY4.3 trillion (about USD614.29 billion) in 2019, up 12.2 percent year on year, official data showed.

The growth rate was 13.7 percentage points higher than the previous year, the People’s Bank of China said in its latest quarterly monetary policy implementation report.

Among the total assets, bank deposits rose 3.5 percent year on year, while investment assets climbed 14.5 percent year on year.