China, booming life insurance

Out of the 73 Chinese life insurance companies, 34 reported gross premium amounts above 10 billion CNY (1.52 billion USD) in 2015, a figure six times as high as that reported the year before. Only three out of the thirty-four are foreign companies.

The ten most important life insurers (China Life, Ping An, Funde Sino Life, Huaxia Life, China Pacific, New China, Taikang Life, PICC Life, Anbang Life and   Taiping Life) have posted a turnover above 80    billion CNY (12.33 billion USD).

In 2015, the life market insurance jumped by 25% with 1600 billion CNY (246.58 billion USD) in written premiums.