China Insurance Industry Report, 2007 ..

At present, China has 100 insurance companies all together, 59 of which are domestic-funded and the rest 41 are foreign-funded. And five Chinese insurance companies including the People's Insurance Company of China, China Life Insurance, Ping An Insurance Company of China, China Insurance International Holdings Co., Ltd. (CIIH) and the Min An Insurance (China) Co., Ltd. have listed at home and abroad. As the most thoroughly opened industry in China's finance field, the insurance industry is having more and more furious competition.

The market shares of China Life Insurance and Ping An Insurance Company of China not only keep stable, but also present a continuous rising momentum. China Life Insurance covers about 50% of the whole life insurance market; Ping An Life Insurance and Ping An Property Insurance share 16% and 12% of corresponding insurance markets, respectively ranking 2nd and 3rd.

In Jan-May 2007, the increased insurance assets reached RMB 450 billion, without calculation the value-added of substantive financial assets. At present, the gross assets of China Life Insurance have outnumbered RMB 1 trillion. And the total capital of the whole insurance industry has exceeded RMB 200 billion, 5.6 times that of 2002.

Contents

1 Overall development of the industry
1.1 Growth rate faster than GDP keeps pace with foreign level
1.2 Analysis on life insurance
1.3 Analysis on property insurance
1.4 Industry still in the initial stage of development
1.5 Industry supervision

2 Market and business structure
2.1 Market structure
2.2 Business structure
2.3 Analysis on payment

3 Capital expansion of the industry
3.1 Assets expansion and optimization of investment structure
3.2 To unlash investment channels


Tables/Figures

Comparison of premium and GDP growth, 2001-2006
Comparison of insurance industry growth between China and main developed countries
Comparison of growth rate between China insurance industry and newly-ring markets
Growth of monthly life insurance premium, 2007
Growth of accumulative life insurance premium, 2007
Growth rate of life insurance premium, 2001-2007
Variation in one-year lending rate
Insurance depth
Insurance density
Proportion of insurance assets to total financial assets
Market shares of China Life Insurance and Ping An Insurance Company of China
Market shares of major life insurance companies
Market shares of major property insurance companies
Business structure of China Life Insurance and Ping An Insurance Company of China
Statistics of insurance payment and expenditure
Statistics of insurance assets
Proportion of national debt and bank deposit to the total assets
Equity investment proportion of China Life Insurance
Equity investment proportion of Ping An Insurance Company of China
Yield rate of insurance capital, 2001-2006
Equity investment value-added of China Life Insurance
Equity investment value-added of Ping An Insurance Company of China
Gradually opened investment channels of insurance capital