Premiums' annual average growth revised to 17%

The China Insurance Regulation Commission (CIRC) has revised upwards its growth's forecasts of the revenues generated by the insurance premiums.

According to Xiang Junbo, president of the CIRC, the premiums recorded in China should reach 827 billion USD by 2020, with an annual average growth of 17%.

As a reminder, the market already has shown, at the end of July 2014, a 19.8%-increase of insurance premiums.

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