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Life Insurance in China

August 2020 | 43 pages | ID: L79F21032B5EN
MarketLine

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Life Insurance in China

SUMMARY

Life Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

KEY HIGHLIGHTS
  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2018 annual average exchange rates. 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 not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
  • The Chinese life insurance market had total gross written premiums of $313.0bn in 2018, representing a compound annual growth rate (CAGR) of 17.4% between 2014 and 2018.
  • One of the main drivers of life insurance spending is consumer confidence.
  • The disposable income available to the average Chinese household has increased strongly meaning an increasing number of households are able to opt for insurance policies.
SCOPE
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in China
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in China
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the China life insurance market with five year forecasts
REASONS TO BUY
  • What was the size of the China life insurance market by value in 2019?
  • What will be the size of the China life insurance market in 2024?
  • What factors are affecting the strength of competition in the China life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in China's life insurance market?
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 the leading players follow?
7.4. What is the rational for the recent M&A activity?

8 COMPANY PROFILES

8.1. China Life Insurance Co Ltd
8.2. Ping An Insurance (Group) Company of China, Ltd.
8.3. China Pacific Insurance (Group) Co Ltd
8.4. Huaxia Life Insurance Co 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 life insurance market value: $ billion, 2014-18
Table 2: China life insurance market category segmentation: $ billion, 2018
Table 3: China life insurance market geography segmentation: $ billion, 2018
Table 4: China life insurance market value forecast: $ billion, 2018-23
Table 5: China life insurance market share: % share, by value, 2018
Table 6: China Life Insurance Co Ltd: key facts
Table 7: China Life Insurance Co Ltd: Annual Financial Ratios
Table 8: China Life Insurance Co Ltd: Key Employees
Table 9: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 10: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 11: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 12: Ping An Insurance (Group) Company of China, 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: Huaxia Life Insurance Co Ltd: key facts
Table 17: Huaxia Life Insurance Co Ltd: Key Employees
Table 18: China size of population (million), 2014-18
Table 19: China gdp (constant 2005 prices, $ billion), 2014-18
Table 20: China gdp (current prices, $ billion), 2014-18
Table 21: China inflation, 2014-18
Table 22: China consumer price index (absolute), 2014-18
Table 23: China exchange rate, 2015-19

LIST OF FIGURES

Figure 1: China life insurance market value: $ billion, 2014-18
Figure 2: China life insurance market category segmentation: % share, by value, 2018
Figure 3: China life insurance market geography segmentation: % share, by value, 2018
Figure 4: China life insurance market value forecast: $ billion, 2018-23
Figure 5: Forces driving competition in the life insurance market in China, 2018
Figure 6: Drivers of buyer power in the life insurance market in China, 2018
Figure 7: Drivers of supplier power in the life insurance market in China, 2018
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in China, 2018
Figure 9: Factors influencing the threat of substitutes in the life insurance market in China, 2018
Figure 10: Drivers of degree of rivalry in the life insurance market in China, 2018
Figure 11: China life insurance market share: % share, by value, 2018


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