China's insurance sector premium income rises slowly, says official

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The growth of insurance companies' premium income slowed in 2012 after decades of robust increases, China's insurance regulator announced Thursday, Global Times reported.

In 2012, the total premium income of China's insurers topped 1.55 trillion yuan ($247 billion), up 8 percent year-on-year, according to Xiang Junbo, chairman of the China Insurance Regulatory Commission (CIRC).