December 10, 2008

Guangdong in the first three quarters of the insurance industry premiums steady growth of up to 73,620,000,000 yuan

Baojian Ju came from Guangdong Province, the first three quarters of the Guangdong Provincial Insurance System (not including Shenzhen, the same below) to achieve premium income 73,620,000,000 yuan, an increase of 58.3 percent, property insurance premiums 15,730,000,000 yuan, an increase of 12.5 percent, Life insurance premiums 57,880,000,000 yuan, an increase of 78%.



According to its spokesman, Guangdong insurance system continuously adjust the structure of the business, increased growth potential. In the first three quarters, special risk insurance, guarantee and insurance-risk insurance premiums accounted for 1.5 percent more than in the same period last year, a decrease of 1.1 percentage points. Efficiency ratio increased insurance, freight insurance, engineering insurance, credit insurance, ship-insurance benefits such as insurance premiums amounted to 8.6% proportion, year-on-year increase of 1.9 percentage points. Agricultural insurance continued rapid growth in the first three quarters increased by 634.3 percent premium over 100,000,000 yuan. From the structure of the life insurance business, individual agents accounted rapid increase in bank insurance accounted rapid decline in security products increased proportion of investment products declined. In addition, Guangdong coordinated development of the insurance industry to make progress, changes in the market. Non-business growth in the Pearl River Delta region faster than the Pearl River Delta region. In the first nine months of non-business growth in the Pearl River Delta 66.2 percent, faster than the Pearl River Delta by 10 percentage points. Non-Pearl River Delta region accounted premiums reached 21.8 percent, year-on-year increase of 1 percentage point.

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