Q1 life insurance market balloons to MOP2.34 bln

2015/6/23

From:Macau Business

Macau’s life insurance market was worth MOP2.34 billion (about US$292.5 million) in the first quarter of this year, 62.5 per cent more than a year earlier, official figures show.

Monetary Authority of Macau data indicate that China Life Insurance (Overseas) Co Ltd had most of the market, with MOP1.27 billion worth of gross premiums.

AIA International Ltd had MOP579.3 million worth and MassMutual Asia Ltd MOP137.4 million worth.

First-quarter non-life insurance gross premiums grew to MOP573 million, 1.35 per cent more than a year earlier.

Copyright@Macau Business