Banking Company Insurers Record Bright Performance

Insurance companies with equities held by banks in porcelain racked up robust growth carry on time and they are likely to retain clear performance this time depending on majority banking shareholders.

Sun Life Everbright Life Insurance Co., Ltd. Gained CNY 5.106 billion in premium revenue in 2010, expanding by CNY 3.612 billion or 243 percent on a time earlier; the growth rate was far senior than the usual of the sector.

The porcelain Insurance Regulatory Commission accepted Sun Life Everbright Life Insurance to increase in intensity wealth and alteration justness make up on July 20 carry on time. Its registered wealth was raised to CNY 3 billion and paid-up wealth came to CNY 3.277 billion, taking leading positions between mother country life insurers.

ING-BOB Life Insurance Co., Ltd., taken control by Bank of Beijing (SHSE: 601169), recorded a growth rate of 50 percent carry on time. Both shareholders determine to rack up a organization growth of 40 percent this time.

The opportunities from insurance's rapid development kind more banks propose to maintain consequence in insurers. Disclosures by shared lenders indicate with the aim of four banks maintain filed with the commission in place of trade into insurance companies.