日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Life insurance drags on premium income

By Li Xiang | China Daily | Updated: 2018-06-02 08:23
Share
Share - WeChat
Pedestrians walk past an insurance company building in Changzhou, Jiangsu province. ZHEN HUAI/FOR CHINA DAILY

Chinese insurance companies saw their premium income drop in the first four months of 2018 year-on-year, dragged down by the decline of the life insurance business due to stricter regulations, official data showed on Friday.

But, life insurers have started to see a turnaround, with premium declines slowing during the period, an indication that the industry is beginning to absorb the negative effect of tighter regulatory scrutiny.

The insurance sector reported total premium income of 1.66 trillion yuan ($259 billion) in the first four months of the year, down 7.84 percent year-on-year, according to China's banking and insurance regulator.

Life insurers' premiums declined 13.6 percent year-on-year during the period to 1.25 trillion yuan. But month-on-month data showed that their premium income has moved out of negative territory and back toward growth. Life insurers' premiums slumped by 26 percent in January from the previous month, but reported growth of 6.12 percent and 9.88 percent in March and April, respectively.

Xiao Yun, an official at the banking and insurance regulator, said that life insurers are actively readjusting their business structure by substantially shrinking their single-premium business-in which a lump sum is paid up front to guarantee payment to beneficiaries-and by reducing their dependence on banking sales channels.

"Although these structural changes have put pressure on their business growth, positive effects have emerged as insurers are focusing more on long-term savings and protection-oriented products," Xiao said at a news conference.

Pan Yongle, an analyst at brokerage China Fortune Securities Co Ltd, said that the tightened regulation of the risky universal life insurance business is the main reason behind the industry's premium income decline, and could continue to create headwinds for life insurers in the short term.

But, there are also bright spots in the industry, such as the launch of pilot tax-deferred commercial pension insurance products, which could help boost insurers' premium income, Pan said in a research note.

Property and casualty insurers continued to see steady business growth with premium income rising 16.1 percent year-on-year in the first fourth months to 404.9 billion yuan, official data showed.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: a欧美| 91亚瑟视频 | 成人免费大片a毛片 | 精品的一区二区三区 | 8844aa在线毛片 | 又黄又爽免费无遮挡在线观看 | 高清免费国产在线观看 | 黄色片av | 99久久精品久久久久久清纯 | 天天操天天操天天 | 中文字幕在线观看视频一区 | 久久精品国产一区二区 | 一区二区三区四区电影 | 国产一级毛片在线看 | 999精品久久久 | 色婷婷香蕉 | 91亚瑟视频| 精品一区视频 | 黄桃av | 国产99久久精品一区二区 | 国产日韩一区二区三区 | 亚洲精品在线视频观看 | 免费日本在线视频 | 三级毛片免费看 | 99热这里只有免费国产精品 | 日韩 第一页 | 国产在线欧美 | 色黄视频在线观看 | 亚洲精品久久久 | 国产不卡免费视频 | 日韩版码免费福利视频 | 欧美日韩精品一区二区在线线 | 久久婷婷综合中文字幕 | 久草最新在线 | 国产亚洲美女精品久久久久 | 国产视频高清在线 | 亚洲爽 | 91社区在线高清 | 国产综合av | 日韩精品网址 | 亚洲性后网 |