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Shanghai's insurance market begins to rebound

www.chinanews.cn 2005-03-15 15:30:50

The Shanghai Regulatory Department of the China Insurance Regulatory
Commission released a not-on-the-spot supervision report on March 14th.
By the end of January, 2005, the insurance premiums of Shanghai's
insurance market reached 3.882 billion yuan, a year-on-year increase of
896 million yuan, up 30.01%. Of the total, property insurance accounted
for 1.564 billion, an increase of 621 million yuan, up 65.85%; 2.318
billion yuan was from life insurance, an increase of 275 million yuan, or
up 13.46%. The proportion of revenues from property insurance and life
insurance was 40 to 60, and the proportion of revenues from Chinese and
foreign insurance companies was 90 to 10.

E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax:
8610-68327649

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