SHANGHAI, Nov 09, 2009 (SinoCast Daily Business Beat via COMTEX) --

The premium revenue life insurers in China gained in the first three quarters of this year rose four percent from a year ago and the growth for the whole year is expected to reach eight percent.

China's life insurance grew fast in the past few years and reached a record high in the first half of 2008 with premium revenue life insurers in the country gained in the six months surged by 64 percent year on year, Chen Wenhui, an assistant to the chairman of the China Insurance Regulatory Commission, said at a conference recently.

In order to reduce risk, the top Chinese insurance watchdog tightened restrictions on supervision of them and required them to adjust business structure from August 2008. As a result, their premium revenue dropped sharply. The situation began changing better from the third quarter of this year and the standard premium revenue they captured in the first nine months of the year increased 18 percent from the previous year.

Source: www.cnstock.com (November 09, 2009)