CPIC’s Strong Growth in Life Insurance Continued into January
CPIC’s life business recorded stronger growth in January, with life premium increasing 56% from the year-ago period, versus 59% in January 2016. Such growth is higher than its close listed peers. The solid growth was attributable to its solid performance in the agent channel with agent headcount growing 40% to around 800,000 from the year-ago period and productivity seeing good improvement. In the face of stricter investment rules and fluctuations in China’s bond market, CPIC’s life business cea...China Pacific Insurance (Group) Co., Ltd. is a China-based company mainly engaged in the insurance business. The Company operates its businesses through life insurance business, including individual life insurances, group life insurances, and short-term casualty and health insurances, among others; property insurance business, including motor vehicle insurances and non motor vehicle insurances, as well as asset management business, including bond investment, equity investment and investment real estate, among others. Through its subsidiaries, the Company is also engaged in the pension business. It operates its businesses primarily in domestic market.
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