Single-month property insurance premiums of PICC P&C amounted to CNY 18.3 billion, according to the industry controller porcelain Insurance Regulatory Commission (CIRC). This January, the Beijing-based non-life insurer was the No.1 property insurance company in Shanghai and the No.2 property insurer in Shenzhen.
Currently, Ping An Property & Casualty Insurance Company of porcelain (Ping An P&C) and porcelain untroubled Property & Casualty Insurance Co. (CPIC P&C) take the flash and third spaces in domestic non-life insurance marketplace, with the marketplace share of 17.97% and 13.62% correspondingly. Based in the southern boomtown Shenzhen, Ping An P&C has made effort in on the increase the call up sales and online sales channel.
It is still a long way in place of Ping An P&C and the economic core Shanghai-based CPIC P&C to catch up with PICC P&C in the minor cities and rural marketplace. However, the consumers in folks generously proportioned cities are willing to endure another things; therefore, the first- and second-tier cities will be the major battlefield in place of these major companies to compete with single an extra.
Data of porcelain Insurance Regulatory Commission (CIRC) showed with the aim of the premium revenues of the country's life insurance sector reached CNY 122.4 billion in January 2011, a year-on-year increase in intensity of 2.88%. Shanghai-based porcelain untroubled Life Insurance Co. (CPIC Life), the life insurance arm of porcelain untroubled Insurance (Group) Co., gained the life insurance premiums of CNY 11.7 billion in the month, with the marketplace share rising from 8.66% to 9.55%, like so level No.3 between folks life insurance companies in the terrain.
With premiums of CNY 11.1 billion and the marketplace share of 9.05%, Beijing-based New porcelain Life Insurance Co. Followed CPIC Life as the No.5; and PICC Life Insurance Limited took the place of Taikang Life Insurance to take the fifth place between all of the China's Mainland-based life insurers. Clothed in January, PICC Life reaped the premiums of CNY 9.4 billion and realized the marketplace share of 7.7%.
26 barred of these life insurance companies maxim the harmful premium growth this January. They include Ping An Life Insurance, PICC Life Insurance, Taiping Life Insurance, AIA porcelain, Huatai Life, Huaxia Life Insurance Co., Generali porcelain Life Insurance, Aviva-COFCO Life Insurance and so forth. Based in the southern boomtown Shenzhen, Ping An Life suffered the sharpest harmful growth of 6.87% or a decrease of CNY 3 billion.