SHANGHAI(Reuters) - China's insurance premiums in the first half of the year grew 6.4 percent on the year to 597.6 billion yuan ($87.47 billion), the official China Securities Journal said on Wednesday, quoting a senior regulatory official.
Chen Wenhui, assistant chairman at the China Insurance Regulatory Commission, said life insurance premiums in the first half of the year rose 3.4 percent from a year earlier to 440.0 billion yuan, while asset insurance premiums gained 15.8 percent to 157.6 billion yuan.
China Pacific Insurance Group Co (601601.SS), the country's third-biggest life insurer, said in a statement that premiums of its life insurance subsidiary reached 35.2 billion yuan in the first half of the year, while premiums from its asset insurance subsidiary were 18.6 billion yuan. ($1=6.832 Yuan) (Reporting by Rujun Shen and Eric Burroughs; Editing by Jonathan Hopfner)
