Coronavirus: Chinese insurers to pay 49 million USD in compensation

The Chinese Insurance Association stated that local insurers paid out 347 million CNY (49 million USD) in compensation for claims pertaining to COVID-19.

With 224 million CNY (31.71 million USD) in compensations, life insurance companies have made the largest payments while the non-life insurers have only allocated 123 million CNY (17.41 million USD) up to now.