China to see insurance premiums double in 2010

时间：2006-10-16 06:24:19

（单词翻译:单击）

Oct.16 - China will see its insurance premiums1 double to one trillion yuan (125 billion U.S. dollars) by 2010, driven by people's growing demand and constant product innovation, said the state insurance watchdog.

 

During the 2006-2010 period, as Chinese people spend more money on cars, houses, education and travel, insurance demand will grow, according to a document released by the China Insurance Regulatory Commission (CIRC).

 

With a 1.3 billion population and an ageing society, China will see insurance play greater role on the improvement of social services during this period, particularly on the medical service and pension, said document.

 

According to the commission, China vows2 to create a healthy environment for the development of the insurance industry before 2010, with improved legal system and people's enhanced awareness3 towards insurance.

 

The commission urges insurance companies to explore markets, introduce more product varieties and improve risk-control system.

 

By 2010, China plans to build a modern insurance industry with a batch4 of large insurance companies with international competitiveness, said the plan.

 

China's insurance premiums hit 493 billion yuan (62 billion U.S. dollars) in 2005, ranking the 11th in the world. The industry witnessed a 25 percent annual increase from 2000 to 2005, the CIRC statistics showed.

 
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1 premiums efa999cd01994787d84b066d2957eaa7     
n.费用( premium的名词复数 )；保险费；额外费用；（商品定价、贷款利息等以外的）加价
参考例句：
  • He paid premiums on his life insurance last year. 他去年付了人寿保险费。 来自《现代英汉综合大词典》
  • Moves are afoot to increase car insurance premiums. 现正在酝酿提高汽车的保险费。 来自《简明英汉词典》
2 vows c151b5e18ba22514580d36a5dcb013e5     
誓言( vow的名词复数 )； 郑重宣布，许愿
参考例句：
  • Matrimonial vows are to show the faithfulness of the new couple. 婚誓体现了新婚夫妇对婚姻的忠诚。
  • The nun took strait vows. 那位修女立下严格的誓愿。
3 awareness 4yWzdW     
n.意识，觉悟，懂事，明智
参考例句：
  • There is a general awareness that smoking is harmful.人们普遍认识到吸烟有害健康。
  • Environmental awareness has increased over the years.这些年来人们的环境意识增强了。
4 batch HQgyz     
n.一批(组，群)；一批生产量
参考例句：
  • The first batch of cakes was burnt.第一炉蛋糕烤焦了。
  • I have a batch of letters to answer.我有一批信要回复。

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