According to statistics revealed at a conference on Hubei province’s financial situation, the province’s insurance market experienced a stable upward trend for the last four months. Insurance premiums collected across the entire province increased 16.3 percent year-on-year to RMB13.7 billion (approx. US$2 billion), of which, property and life insurance businesses received premium payments of RMB2.6 billion (approx. US$375 million) and RMB11.2billion (approx. US$1.7 billion) respectively, both at higher growth rates than the national average in China.