Slow Growth Ahead for Chinese Insurers

Insurers in mainland China should brace for a slower 2011 as premium income growth is expected to slow down to 25% next year as higher inflation will make insurance less attractive, reports the The Standard.

 

Citing the China Insurance Regulatory Commission, The Standard says insurers this year enjoyed a 31% surge in income in the first 11 months from a year ago to 1.34 trillion yuan (HK$1.57 trillion).

 

"We expect full-year premium income to reach 1.5 trillion yuan for 2010," Li Wenbing, analyst at BOCOM International, told The Standard.

 

 

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