Taikang surpasses New China Life in Q1 premiums
By Song Hongmei (chinadaily.com.cn)Updated: 2007-05-14 11:24
Related readings:
Taikang Life Insurance Company
recorded a premium income of 8.8 billion yuan (US$1.14 billion) in the first
quarter of this year, an increase of 41 percent over the same period a year
earlier, according to data from
Related
publication:
1Q insurance premiums up 23%Insurance agencies post US$20.57b
premiums
The China Insurance Regulatory Commission data showed
Taikang's rival, New China Life, posted a premium income of 7.75 billion yuan in
the first three months, up 1.53 percent, but far below the growth rate of
The quarterly results led to New China Life dropping out of fourth position in the country's life insurance market in terms of premium income. Taikang Life replaced it in fourth place, up one spot, while China Life, Ping An Insurance and China Pacific took the first three places.
The full text is available in the May Issue of China Insurance.
(For more biz stories, please visit Industry Updates)