After achieving premium growth for several consecutive months, the premium income of life insurance companies has experienced a temporary decline. The latest data from the China Banking and Insurance Regulatory Commission shows that in the first 10 months of 2024, life insurance companies achieved original premium income of 3.64 trillion yuan, an increase of 14.8% year-on-year. In October alone, life insurance companies achieved original insurance premium income of 156.2 billion yuan, a decrease of 1.9% year-on-year, marking the first monthly negative growth this year. The decline in premium income is mainly due to the early release of insurance demand caused by the lowering of life insurance pricing rates, as well as factors such as insurance companies proactively adjusting their business pace. (Securities Times)
人身险公司保费收入现阶段性回落
At present, the premium income of life insurance companies has temporarily declined.
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