皇冠体育app

   

Foreign insurers grab 20% market share in Shanghai

By Song Hongmei (chinadaily.com.cn)
Updated: 2007-02-28 09:36

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Foreign-funded insurance companies held as much as a 19.17-percent share of the insurance market in 皇冠体育app's financial hub Shanghai in 2006, according to data from the Shanghai Bureau of the 皇冠体育app Insurance Regulatory Commission.

Shanghai raked in 40.7 billion yuan (US$5.25 billion) in insurance premiums in 2006, including 10.52 billion yuan from property insurance companies and 30.18 billion yuan from life insurance companies.

Foreign-funded insurers in Shanghai collected 7.8 billion yuan in premiums, up 34 percent year on year; and their market share reached 19.17 percent.

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