Beginning next week, drunken drivers will face a new penalty of paying higher automobile insurance rates, a new measure to stem the deadly trend on the nation’s roads.
Drivers found with a blood-alcohol content of more than 80 mg per 100 ml of blood will have to pay the motor vehicle accident liability compulsory insurance rate, [...]
China will link compulsory automobile liability insurance rates with drink-driving records, the China Insurance Regulatory Commission (CIRC) said Thursday.
The scheme, which will come into effect from March 1, 2010, will penalize drunk drivers and raise drivers’ safety awareness, a statement on the CIRC’s official website said, citing a notice jointly issued by the CIRC and [...]
The investment yield of insurance companies rose by 4.5 percentage points to 6.41 percent last year, with total gains peaking at 21.4 billion yuan, the industry regulator said yesterday.
The benchmark Shanghai Composite Index surged nearly 80 percent in 2009 and considerably boosted the value of insurers’ stock holdings.
“We will further open up the investment channels [...]
China Insurance Regulatory Commission (CIRC) today approved the establishment of D.Tong Insurance Sales Services Co Ltd, which is the country’s first national insurance brokerage company.
Before the approval, insurance brokerage companies could only do business in cities where they were registered. If they wanted to do business elsewhere, they had to register another company or control [...]
China’s life insurance companies saw their premium income jump by 48.52 percent year-on-year to 64.2 billion yuan ($9.4 billion) in November marking the largest increase this year, the industry regulator said at the weekend.
According to statistics from the China Insurance Regulatory Commission (CIRC), the premium income of China Life, Ping An and China Pacific Life [...]
Premium of China’s insurance companies hit 1.02 trillion yuan (149.6 billion U.S. dollars) in the first 11 months of this year, up 11.65 percent from a year earlier, according to the China Insurance Regulatory Commission Thursday.
The year would be the first year that China’s insurance premiums exceeded 1 trillion yuan, data from the commission showed.
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