China insurers’ premium income hits USD365 bn in 2015

The premium income received by China's insurance firms hit CNY2.4 trillion (USD364.85 billion) in 2015, the industry regulator said recently.

Insurance premium income rose 20 percent last year from 2014, Chen Yingdong, a spokesman for the China Insurance Regulatory Commission, said, according to a Reuters report.

Industry profits were CNY282.36 billion last year, an on-year rise of 38 percent, he added.