The insurance sector in China had accumulated 2.92 trillion yuan ($411.8 billion) in gross assets by the end of January, according to the China Insurance Regulatory Commission (CIRC).

The sector's gross investment amounted to 1.91 trillion yuan, the industry regulator said.

CIRC data show the sector garnered 105.6 billion yuan in premiums last month.

The total included 28.2 billion yuan in property insurance, 70.8 billion yuan in life insurance, 4.7 billion yuan in health insurance and 1.9 billion yuan in accident insurance.

The sector paid 30.8 billion yuan in indemnity, including 10.4 billion yuan for property insurance, 18.3 billion yuan for life insurance, 1.4 billion yuan for health insurance and 695 million yuan for accident insurance.