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The China Insurance Regulatory Commission strengthens the disclosure requirements for information related to reinsurance related-party transactions.
In the first quarter of this year, the insurance industry achieved original insurance premium income of 842.54 billion yuan, a year-on-year increase of 20.4%. Claims and benefit expenditures amounted to 231.12 billion yuan, a year-on-year increase of 24.3%. Total assets reached 10,870.31 billion yuan, an increase of 7% compared to the beginning of the year. Net assets were 1,436.47 billion yuan, an increase of 8.4% compared to the beginning of the year. The total profit is expected to be 87.09 billion yuan, a year-on-year increase of 142.6%. The operation of the insurance market shows the following characteristics...
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2019
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In the first quarter of 2015, the insurance industry maintained a good development momentum.
The China Insurance Regulatory Commission further standardizes related party transactions of insurance companies.