The development prospects of insurance industry are promising. The number of new insurance units increased by 93.56% year on year. In China, according to the semi-annual reports of four listed insurance companies and the industry data released by the Banking Insurance Regulatory Commission, check here the original premium income of the insurance industry in the first half of the year was 2236.940 billion yuan, down by 3.33% compared with the same period last year. Despite the decline, but the decline continued to narrow, the industry as a whole has a clear warming trend. At the same time, under the background of strict supervision, insurance companies continue to optimize product structure, increase investment in health insurance and financial science and technology, and help promote sustainable and healthy development of the industry.check here

Reduction in premium income

According to the industry’s semi-annual report data alone, the first half of the performance of the insurance industry seems to be unsatisfactory.According to the data of CBRC (China Banking Regulatory Commission) and CIRC (China Insurance Regulatory Commission), check here the original premium income of insurance industry in the first half of the year was 2236.940 billion yuan, down 3.33% from the same period last year. Among them, the original premium income of property insurance companies was 602.418 billion yuan, an increase of 14.18% compared with the same period last year; the original premium income of life insurance companies was 1634.519 billion yuan, a decrease of 8.50% compared with the same period last year. This shows that the current life insurance industry, which best represents the development status and direction of the insurance industry, has experienced negative growth.check here