Foreign life insurance companies in China brought in CNY 30.62 billion original premium revenue in the first three quarters, rising 8.8 percent over a year earlier.

The figure went up by 0.3 percentage points to 4.9 percent of total life insurance premium. Nevertheless, nearly ten alien life insurers incurred profit decline.

ING Capital Life Insurance, CIGNA & CMC, Allianz China Life and Sun Life Everbright Life Insurance suffered a decrease of 159 percent, 142 percent, 76 percent and 70 percent year on year respectively. In the meantime, American International Assurance and CITIC-Prudential Life Insurance, the two leaders in the sector, just saw profit gain 5 percent and 7 percent separately.

Michael Elliott, chief executive officer of CIGNA & CMC, said that the income from accident insurance and health insurance accounted for 39 percent and 38 percent of total premium revenue of the company in the first nine months.