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China: Insurance industry sees income expansion


(MENAFN)According to the China Banking and Insurance Regulatory Commission, China s insurance industry saw stable premium profits expansion in 2020 and aided support social and economic improvement.
Chinese insurers premium income hit 4.5 trillion Yuan (about USD699 billion) last year, increased 6.1 percent year on year, stated the commission.
In 2020, insurance compensation hit 1.4 trillion Yuan, increased 7.9 percent from a year earlier, statistics revealed.
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