BEIJING - China's total insurance premiums likely rose 33 percent year-on-year to 1.47 trillion yuan ($222.73 billion) in 2010, the industry regulator said Tuesday.
Total profit of the industry amounted to 60.7 billion yuan last year, Wu said.
Property premiums rose 35 percent to 389.4 billion yuan while life insurance premiums climbed 31 percent to 1.08 trillion yuan last year, Wu said.
China's insurance industry has huge growth potential, as demand for pension and medical insurance will increase, he said.