Motor insurance, the major business class in non-life insurance, saw premiums rise by9.28 per cent year-on-year in the third quarter of 2016, down from 12 per cent in 2015. Photo: SCMP Handout

Slower growth expected in China’s non-life insurance sector

Only an increase in motor insurance premiums caused by an acceleration in sales of new vehicles could push profit growth into double digits

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Motor insurance, the major business class in non-life insurance, saw premiums rise by9.28 per cent year-on-year in the third quarter of 2016, down from 12 per cent in 2015. Photo: SCMP Handout
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