日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Economy

Markets

Industries

Insights

Reports

Events

China Life sees lower market share

By Li Huayu (chinadaily.com.cn)
Updated: 2008-05-04 10:51

Chinese basketball players Yao Ming, right, and his wife Ye Li huddle under umbrellas during a television commercial shoot for China Life Monday, December 3, 2007 in Houston. [Agencies]

In 2007, China Life Insurance had a market share of 39.73 percent, down from 44.6 percent in 2006. Its premiums reached 196.62 billion yuan ($28.13 billion), up 8.53 percent, compared with 13 percent growth in 2006.

Related publication:

Related readings:  Life plunges after Q1 profit declines  China Life Q1 net profit down 61%  China Life net profit surges 94.8% in 2007

Latest statistics from the China Insurance Regulatory Commission show that premiums collected by China Life's life insurance business grew 21.86 percent, a rate much higher than its overall premium growth.

In the first two months of 2008, the company's premiums were 59.66 billion yuan, a year-on-year increase of 38.6 percent, lower than growth of the industry's personal insurance premiums. Premium growth of China's personal insurance companies was 58.19 percent higher than a year earlier.

Some analysts attributed China Life's dwindling market share to its absence of multi-purpose and unit-linked insurance businesses, which surged 558 percent and 110 percent respectively with last year's booming stock market.

......

The full text is available in the April Issue of  China Insurance.Please visit publications for more subscription details.