Thursday, March 22, 2012

Mar 22 - CIRC: The Total Value of Insurance Company Portfolio Reaches CNY 3.85 Trillion at End of Feb.


Source: China Insurance Regulatory Commission, ChinaScope Financial (Data)
+       Data released by the China Insurance Regulatory Commission (CIRC) on March 21 shows that at the end of February, the total value of insurance company investment portfolio reached CNY 3.85 trillion, CNY 26 billion higher than in January, and a 14.3% year-on-year increase.
+       Total asset value of the insurance industry was CNY 6.1 trillion in February 2011, a 17.3% year-on-year increase.

Direct written premiums increased 6.3% YoY in February.

The growth of total assets has remained stable since 2009.

Other News Headlines:
n CIRC: The Total Value of Insurance Company Portfolio Reaches CNY 3.85 Trillion at End of Feb.
n Belle: Plans to Acquire Rival Company for CNY 880 Million
n Agile Property Acquires Five Land Plots in Hainan
n J.P. Morgan to Acquire a 19.9% Stake in Bridge Trust

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