INTRODUCTION
Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the China insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
HIGHLIGHTS
Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the China insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
HIGHLIGHTS
- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
- The Chinese insurance market had total gross written premiums of $222.2 billion in 2011, representing a compound annual growth rate (CAGR) of 19.5% between 2007 and 2011.
- The life insurance segment was the market's most lucrative in 211, with total gross written premiums of $134.7 billion, equivalent to 6.6% of the market's overall value.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 12.3% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $396.8 billion by the end of 2016.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in China
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China insurance market with five year forecasts
- Macroeconomic indicators provide insight into general trends within the China economy
- What was the size of the China insurance market by value in 2011?
- What will be the size of the China insurance market in 2016?
- What factors are affecting the strength of competition in the China insurance market?
- How has the market performed over the last five years?
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
China Life Insurance Company Limited
China Pacific Insurance (Group) Co. Ltd.
PICC Property and Casualty Company Limited
Ping An Insurance (Group) Company of China, Ltd.
Macroeconomic Indicators
Country Data
Appendix
Methodology
Industry associations
Related MarketLine research
LIST OF TABLES
Table 1: China insurance market value: $ billion, 2007–11
Table 2: China insurance market category segmentation: $ billion, 2011
Table 3: China insurance market geography segmentation: $ billion, 2011
Table 4: China insurance market value forecast: $ billion, 2011–16
Table 5: China Life Insurance Company Limited: key facts
Table 6: China Life Insurance Company Limited: key financials ($)
Table 7: China Life Insurance Company Limited: key financials (CNY)
Table 8: China Life Insurance Company Limited: key financial ratios
Table 9: China Pacific Insurance (Group) Co. Ltd.: key facts
Table 10: China Pacific Insurance (Group) Co. Ltd.: key financials ($)
Table 11: China Pacific Insurance (Group) Co. Ltd.: key financials (CNY)
Table 12: China Pacific Insurance (Group) Co. Ltd.: key financial ratios
Table 13: PICC Property and Casualty Company Limited: key facts
Table 14: PICC Property and Casualty Company Limited: key financials ($)
Table 15: PICC Property and Casualty Company Limited: key financials (CNY)
Table 16: PICC Property and Casualty Company Limited: key financial ratios
Table 17: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 18: Ping An Insurance (Group) Company of China, Ltd.: key financials ($)
Table 19: Ping An Insurance (Group) Company of China, Ltd.: key financials (CNY)
Table 20: Ping An Insurance (Group) Company of China, Ltd.: key financial ratios
Table 21: China size of population (million), 2007–11
Table 22: China gdp (constant 2000 prices, $ billion), 2007–11
Table 23: China gdp (current prices, $ billion), 2007–11
Table 24: China inflation, 2007–11
Table 25: China consumer price index (absolute), 2007–11
Table 26: China exchange rate, 2007–11
LIST OF FIGURES
Figure 1: China insurance market value: $ billion, 2007–11
Figure 2: China insurance market category segmentation: % share, by value, 2011
Figure 3: China insurance market geography segmentation: % share, by value, 2011
Figure 4: China insurance market value forecast: $ billion, 2011–16
Figure 5: Forces driving competition in the insurance market in China, 2011
Figure 6: Drivers of buyer power in the insurance market in China, 2011
Figure 7: Drivers of supplier power in the insurance market in China, 2011
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in China, 2011
Figure 9: Factors influencing the threat of substitutes in the insurance market in China, 2011
Figure 10: Drivers of degree of rivalry in the insurance market in China, 2011
Figure 11: China Life Insurance Company Limited: revenues & profitability
Figure 12: China Life Insurance Company Limited: assets & liabilities
Figure 13: China Pacific Insurance (Group) Co. Ltd.: revenues & profitability
Figure 14: China Pacific Insurance (Group) Co. Ltd.: assets & liabilities
Figure 15: PICC Property and Casualty Company Limited: revenues & profitability
Figure 16: PICC Property and Casualty Company Limited: assets & liabilities
Figure 17: Ping An Insurance (Group) Company of China, Ltd.: revenues & profitability
Figure 18: Ping An Insurance (Group) Company of China, Ltd.: assets & liabilities
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
China Life Insurance Company Limited
China Pacific Insurance (Group) Co. Ltd.
PICC Property and Casualty Company Limited
Ping An Insurance (Group) Company of China, Ltd.
Macroeconomic Indicators
Country Data
Appendix
Methodology
Industry associations
Related MarketLine research
LIST OF TABLES
Table 1: China insurance market value: $ billion, 2007–11
Table 2: China insurance market category segmentation: $ billion, 2011
Table 3: China insurance market geography segmentation: $ billion, 2011
Table 4: China insurance market value forecast: $ billion, 2011–16
Table 5: China Life Insurance Company Limited: key facts
Table 6: China Life Insurance Company Limited: key financials ($)
Table 7: China Life Insurance Company Limited: key financials (CNY)
Table 8: China Life Insurance Company Limited: key financial ratios
Table 9: China Pacific Insurance (Group) Co. Ltd.: key facts
Table 10: China Pacific Insurance (Group) Co. Ltd.: key financials ($)
Table 11: China Pacific Insurance (Group) Co. Ltd.: key financials (CNY)
Table 12: China Pacific Insurance (Group) Co. Ltd.: key financial ratios
Table 13: PICC Property and Casualty Company Limited: key facts
Table 14: PICC Property and Casualty Company Limited: key financials ($)
Table 15: PICC Property and Casualty Company Limited: key financials (CNY)
Table 16: PICC Property and Casualty Company Limited: key financial ratios
Table 17: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 18: Ping An Insurance (Group) Company of China, Ltd.: key financials ($)
Table 19: Ping An Insurance (Group) Company of China, Ltd.: key financials (CNY)
Table 20: Ping An Insurance (Group) Company of China, Ltd.: key financial ratios
Table 21: China size of population (million), 2007–11
Table 22: China gdp (constant 2000 prices, $ billion), 2007–11
Table 23: China gdp (current prices, $ billion), 2007–11
Table 24: China inflation, 2007–11
Table 25: China consumer price index (absolute), 2007–11
Table 26: China exchange rate, 2007–11
LIST OF FIGURES
Figure 1: China insurance market value: $ billion, 2007–11
Figure 2: China insurance market category segmentation: % share, by value, 2011
Figure 3: China insurance market geography segmentation: % share, by value, 2011
Figure 4: China insurance market value forecast: $ billion, 2011–16
Figure 5: Forces driving competition in the insurance market in China, 2011
Figure 6: Drivers of buyer power in the insurance market in China, 2011
Figure 7: Drivers of supplier power in the insurance market in China, 2011
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in China, 2011
Figure 9: Factors influencing the threat of substitutes in the insurance market in China, 2011
Figure 10: Drivers of degree of rivalry in the insurance market in China, 2011
Figure 11: China Life Insurance Company Limited: revenues & profitability
Figure 12: China Life Insurance Company Limited: assets & liabilities
Figure 13: China Pacific Insurance (Group) Co. Ltd.: revenues & profitability
Figure 14: China Pacific Insurance (Group) Co. Ltd.: assets & liabilities
Figure 15: PICC Property and Casualty Company Limited: revenues & profitability
Figure 16: PICC Property and Casualty Company Limited: assets & liabilities
Figure 17: Ping An Insurance (Group) Company of China, Ltd.: revenues & profitability
Figure 18: Ping An Insurance (Group) Company of China, Ltd.: assets & liabilities