The insurance industry report card from January to October 2019 was released as scheduled!
data shows that the original premium income of the entire industry in the first 10 months was 3705.8 billion yuan, an increase of 12.2% year-on-year. Among them, the original insurance premium of property insurance companies in the first 10 months was 1073.6 billion yuan, an increase of 10.98% year-on-year; the original insurance premium of life insurance companies in the first 10 months was 263.22 billion yuan, an increase of 12.69% year-on-year.
In addition, as of the end of October, the insurance industry provided the whole society with 550.4 trillion yuan of insurance policies and 38.7 billion yuan of insurance policies; the insurance industry paid a total of 103.87 billion yuan in compensation; the total assets of the insurance industry were 19.99 trillion yuan, up 9% from the beginning of the year; the balance of funds used was 17.8 trillion yuan, up 8.54% from the beginning of the year.
The cumulative growth rate of premiums in the industry:
fell by 12 percentage points from the beginning of the year
In 2019, the insurance industry started a good start and achieved a high growth of 24.05%, but then it decreased month by month.
(collected and prepared by the International Financial News)
cumulative premium growth rate of property insurance companies:
stabilized at around 11% for 8 consecutive months
(collected and prepared by the International Financial News)
cumulative premium growth rate of life insurance companies:
decreases month by month
0 life insurance companies' premium growth rate is basically consistent with the premium growth rate of the entire industry. The start of 2019 was a good start and achieved a rapid growth of 24.83%, and then it decreased month by month. As of the end of October, the cumulative growth rate of premiums of life insurance companies was 12.69%.
(Table-made by the International Financial News)
Health insurance premium growth rate:
Steadily take Top1
In the first 10 months, the property insurance business achieved original insurance premium income of 954.2 billion yuan, a year-on-year increase of 8.4%; the life insurance business was 2036 billion yuan, a year-on-year increase of 9.46%; the health insurance was 614.1 billion yuan, a year-on-year increase of 30.27%; personal accident insurance was 101.5 billion yuan, a year-on-year increase of 10.89%.
(Table-made by the International Financial News)
"new three major insurance types" of property insurance companies:
Auto insurance, health insurance, guarantee insurance
Since this year, health insurance has jumped to the second largest insurance type of property insurance companies, guarantee insurance follows closely, and auto insurance, health insurance and guarantee insurance firmly rank among the top three types of insurance. Data shows that in the first 10 months, property insurance companies achieved a total original premium income of 1073.6 billion yuan, a year-on-year increase of 10.98%. Among them, the original premium income of auto insurance was 657.6 billion yuan, accounting for 61.25%, still accounting for absolute first; health insurance ranked second with 74.3 billion yuan, accounting for 6.92%; the original premium income of guarantee insurance was 70.3 billion yuan, accounting for 6.55%, ranking third.
(Table-made by the International Financial News)
Six major life insurance company premium growth rate:
is not as high as the industry level
in the first 10 months, and the original insurance premium of life insurance companies in the first 10 months was 2632.2 billion yuan, a year-on-year increase of 12.69%. Among them, the original premium income of life insurance was 2036 billion yuan, accounting for 77.35%; the original premium income of accident insurance was 56.4 billion yuan, accounting for 2.14%; the original premium income of health insurance was 539.8 billion yuan, accounting for 20.51%.
It is worth mentioning that the premium growth rate of the six major life insurance companies (China Life, Ping An, PICC, Taiping, Taiping, Xinhua ) in the first 10 months was not as high as the industry average growth rate.
Among them, Taiping Life Insurance's original premium income in the first 10 months was 125.859 billion yuan, a year-on-year increase of 12.6%, basically the same as the industry's growth rate. The growth rate of the other five companies is below 10%. China Life Insurance's original premium income in the first 10 months was 520.4 billion yuan, a year-on-year increase of 5.8%; Ping An Life Insurance's original premium income in the first 10 months was 422.88 billion yuan, a year-on-year increase of 9.1%; Taiping Life Insurance's original premium income in the first 10 months was 197.3 billion yuan, a year-on-year increase of 5.6%; Xinhua Insurance's original premium income in the first 10 months was 118.35 billion yuan, a year-on-year increase of 8.1%; PICC's original premium income in the first 10 months was 90.39 billion yuan, a year-on-year increase of 3.2%.
This article is from the International Financial News
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