China's insurance sector saw premium income jump by 14.2% in the first half of this year to CNY2.55tn ($371.2bn) compared to the corresponding period last year.
In contrast, the Chinese insurance market weakened by 3.3% in 1H2018 compared to the first six months of 2017.
In terms of premium income, property insurance premium income from January to June this year stood at CNY589.3bn, an increase of 8.29% year-on-year; while life insurance premiums totalled CNY1.96tn, a surge of 16% year-on-year, reported Shanghai Securities News.
In 1H2019, the insurance industry saw a year-on-year increase in claims to CNY623.2bn, of which property insurance claims were CNY291.8bn, and personal insurance claims reached CNY331.4bn.