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China Insurance Industry Assets Totaled US$672 Bln at End of July

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The assets of China's insurance sector totaled 4.57 trillion yuan (US$672 billion) at the end of July 2010, the nation's insurance regulator said Monday.

Premium revenue of the sector during the first seven months of the year totaled 903.91 billion yuan. Of that, 670.14 billion yuan came from the personal insurance business and 233.77 billion yuan came from the property insurance business, the China Insurance Regulatory Commission (CIRC) said in a statement posted on its website.

The commission did not provide figures for year-on-year change.

(Xinhua News Agency August 23, 2010)

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