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China has issued the country's first insurance development index.
中国首次公布保险发展指数。
Taking 2010 as a base year with an index of 100, the value indicates the health and development of the insurance sector1 in China.
The Insurance Association of China says the index for 2014 was 109.1, showing the sector is making progress with steady business.
The report also notes vehicle insurance made up more than 70 percent of all insurance fees in 2014.
The percentage is less than 25 percent in western developed countries, including the United States and Germany.
It's suggested that China's insurance system should be diversified2 and provide more residential3 cover.
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