Insurance in China - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in China - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Chinese insurance market had total gross written premiums of $655.9bn in 2020, representing a compound annual growth rate (CAGR) of 10% between 2016 and 2020.
- The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $347.6bn, equivalent to 53% of the market's overall value.
- Growth in the Chinese market has been supported by the incorporation of new technologies into insurance companies’ product offerings, a trend which has been accelerated by the COVID-19 pandemic, as nationwide lockdowns and social distancing measures have restricted consumers’ ability to consult insurance firms in person.
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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
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1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Ping An Insurance (Group) Company of China, Ltd.
8.2. China Life Insurance Co Ltd
8.3. China Pacific Insurance (Group) Co Ltd
8.4. The People's Insurance Company (Group) of China Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Ping An Insurance (Group) Company of China, Ltd.
8.2. China Life Insurance Co Ltd
8.3. China Pacific Insurance (Group) Co Ltd
8.4. The People's Insurance Company (Group) of China Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: China insurance market value: $ billion, 2016–20
Table 2: China insurance market category segmentation: $ billion, 2020
Table 3: China insurance market geography segmentation: $ billion, 2020
Table 4: China insurance market value forecast: $ billion, 2020–25
Table 5: China insurance market share: % share, by value, 2020
Table 6: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 7: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 8: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 9: China Life Insurance Co Ltd: key facts
Table 10: China Life Insurance Co Ltd: Annual Financial Ratios
Table 11: China Life Insurance Co Ltd: Key Employees
Table 12: China Life Insurance Co Ltd: Key Employees Continued
Table 13: China Pacific Insurance (Group) Co Ltd: key facts
Table 14: China Pacific Insurance (Group) Co Ltd: Annual Financial Ratios
Table 15: China Pacific Insurance (Group) Co Ltd: Key Employees
Table 16: China Pacific Insurance (Group) Co Ltd: Key Employees Continued
Table 17: The People's Insurance Company (Group) of China Ltd: key facts
Table 18: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
Table 19: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 20: China size of population (million), 2016–20
Table 21: China gdp (constant 2005 prices, $ billion), 2016–20
Table 22: China gdp (current prices, $ billion), 2016–20
Table 23: China inflation, 2016–20
Table 24: China consumer price index (absolute), 2016–20
Table 25: China exchange rate, 2016–20
Table 1: China insurance market value: $ billion, 2016–20
Table 2: China insurance market category segmentation: $ billion, 2020
Table 3: China insurance market geography segmentation: $ billion, 2020
Table 4: China insurance market value forecast: $ billion, 2020–25
Table 5: China insurance market share: % share, by value, 2020
Table 6: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 7: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 8: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 9: China Life Insurance Co Ltd: key facts
Table 10: China Life Insurance Co Ltd: Annual Financial Ratios
Table 11: China Life Insurance Co Ltd: Key Employees
Table 12: China Life Insurance Co Ltd: Key Employees Continued
Table 13: China Pacific Insurance (Group) Co Ltd: key facts
Table 14: China Pacific Insurance (Group) Co Ltd: Annual Financial Ratios
Table 15: China Pacific Insurance (Group) Co Ltd: Key Employees
Table 16: China Pacific Insurance (Group) Co Ltd: Key Employees Continued
Table 17: The People's Insurance Company (Group) of China Ltd: key facts
Table 18: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
Table 19: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 20: China size of population (million), 2016–20
Table 21: China gdp (constant 2005 prices, $ billion), 2016–20
Table 22: China gdp (current prices, $ billion), 2016–20
Table 23: China inflation, 2016–20
Table 24: China consumer price index (absolute), 2016–20
Table 25: China exchange rate, 2016–20
LIST OF FIGURES
Figure 1: China insurance market value: $ billion, 2016–20
Figure 2: China insurance market category segmentation: % share, by value, 2020
Figure 3: China insurance market geography segmentation: % share, by value, 2020
Figure 4: China insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in China, 2020
Figure 6: Drivers of buyer power in the insurance market in China, 2020
Figure 7: Drivers of supplier power in the insurance market in China, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in China, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in China, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in China, 2020
Figure 11: China insurance market share: % share, by value, 2020
Figure 1: China insurance market value: $ billion, 2016–20
Figure 2: China insurance market category segmentation: % share, by value, 2020
Figure 3: China insurance market geography segmentation: % share, by value, 2020
Figure 4: China insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in China, 2020
Figure 6: Drivers of buyer power in the insurance market in China, 2020
Figure 7: Drivers of supplier power in the insurance market in China, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in China, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in China, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in China, 2020
Figure 11: China insurance market share: % share, by value, 2020
