BEIJING, Aug. 3 (Xinhua) -- Premiums received by Chinese insurers rose 23 percent in H1, compared with the same period last year, official data showed Thursday.
Premiums reached 2.3 trillion yuan (about 344 billion U.S. dollars) from January to June, according to the China Insurance Regulatory Commission (CIRC).
Income from premiums of life insurance companies hit 1.8 trillion yuan, up 26 percent. Property insurance company income from premiums rose 12.8 percent to 485.2 billion yuan.
The commission attributed the steady growth of premium income to optimized structure and better risk management in the sector.
Since the beginning of this year, financial regulators have worked to prevent systemic risks as the importance of financial security grows. In July, the CIRC said the whole sector would put risk control in a more important position.
By the end of June, the industry had combined assets totaling 16.43 trillion yuan, up 8.69 percent from the beginning of the year.
