Ding Wentao, a researcher with Sinolink Securities Ltd, said, "We estimate that the fast growth of premium income will last for another decade. 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 ( $ 749.2bn ) to CNY12tn between 2010 and 2015 , according to data from the China Insurance Regulatory Commission ( CIRC ) . In H1 , life insurers ' premiums rose 50 % YoY to 2016 and overall profits rose 37 % YoY. While high profits have prompted 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 another decade .
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 ( $ 749.2bn ) to CNY12tn between 2010 and 2015 , according to data from the China Insurance Regulatory Commission ( CIRC ) . In H1 , life insurers ' premiums rose 50 % YoY to 2016 and overall profits rose 37 % YoY. While high profits have prompted 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 another decade .