China’s auto insurance premium sees steady growth in January

Xinhua |
Updated: 2022-03-13 11:25

Visitors view an electric car made by Beijing Automotive Group Co, Ltd (BAIC Group) during China (Tianjin) Auto Show 2021 in North China’s Tianjin, Sept 29, 2021. [Photo/Xinhua]

BEIJING – The original premium income of China’s automobile insurance sector surged 11.67 percent year-on-year in January, data from the China Passenger Car Association shows.

The total original premium income of the sector stood at 82.8 billion yuan ($13.1 billion) in the period, according to the association.

China’s original insurance premium income hit 979.3 billion yuan in January, up 2.23 percent year-on-year, according to data from the China Banking and Insurance Regulatory Commission.

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