Premiums growing faster than expected and profits up too
China Insurance Regulatory Commission said the country’s premium income for the first nine months of 2009 was up 8.1% at CNY858.03bn from the same period last year, Dow Jones reports.
It said the growth rate was faster than expected.
Total profit for the country's insurance companies for the period will likely be about CNY39.19bn, up CNY45.77bn from a year earlier.
Property insurance premiums were up 21.4% for the January to September period from a year earlier, at CNY223.39bn.
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