Demand for insurance in China has surged, stimulated by the rise in disposable incomes, consumer trust, accessibility of information online and changing demographics. The industry's total assets more than doubled from CNY5tn ($ 463.2 billion yuan ) to the China Insurance Regulatory Commission between 2010 and 2015 , according to data from the China Insurance Regulatory Commission (CIRC). About 200 companies have expressed interest or sought license to set up an insurance company, according to data of the China Insurance Regulatory Commission. In H1 2016 life insurers' premiums rose 37% YoY to CNY1.18tn and overall premiums grew 50% YoY. While high profits have led over 200 companies to express interest in licences, authorities have warned companies against deploying insurance income in unrelated businesses. Sinolink Securities predicts premium income will continue to grow rapidly for between 2010 and 2015 .
Demand for insurance in China has surged, stimulated by the rise in disposable incomes, consumer trust, accessibility of information online and changing demographics. The industry's total assets more than doubled from CNY5tn ($ 463.2 billion yuan ) to the China Insurance Regulatory Commission between 2010 and 2015 , according to data from the China Insurance Regulatory Commission (CIRC). In H1 2016 life insurers' premiums rose 37% YoY to CNY1.18tn and overall premiums grew 50% YoY. While high profits have led over 200 companies to express interest in licences, authorities have warned companies against deploying insurance income in unrelated businesses. Sinolink Securities predicts premium income will continue to grow rapidly for between 2010 and 2015 .