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Chinese insurers report record premium growth in January

(BESTWIRE) - The China Insurance Regulatory Commission reported that, by the end of January, the country's insurance sector recorded year-on-year total original premium income of 114.76bn yuan ($16.77bn), up 8.62% from 105.65bn yuan in January 2007.

Of the total premium income, property insurance accounted for 29.73bn yuan. Individual life insurance accounted for 85.03bn yuan, which comprised 78.35 billion yuan for life insurance, 4.88bn yuan

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How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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