Life Insurance in China, Key Trends and Opportunities to 2016: New Administrative Rules for Reporting Premiums to Change the Market Structure

Date: January 20, 2012
Pages: 223
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Publisher: Timetric
Report type: Strategic Report
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ID: L291E732E8AEN
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Life Insurance in China, Key Trends and Opportunities to 2016: New Administrative Rules for Reporting Premiums to Change the Market Structure
Synopsis

The report provides top-level market analysis, information and insights into the Chinese life insurance market, including:
  • The Chinese life insurance market’s growth prospects by life insurance categories and customer segments
  • The various distribution channels in the Chinese life insurance market
  • The competitive landscape in the Chinese life insurance market
  • A description of the life reinsurance market in China
Summary

China is the world’s sixth-largest life insurance market and the largest life insurance market in the South East Asia region. The Chinese life insurance market is expected to surpass Japan to emerge as the second-largest life insurance market in the world after the US by 2020. Between 2007 and 2011, the significant growth in the Chinese life insurance market can be attributed to the rise in the ageing population, robust economic growth, the rising disposable incomes of China’s middle-class population and the increasing awareness of the need for insurance, especially among the younger generations in the country.

Scope

This report provides a comprehensive analysis of the life insurance market in China:
  • It provides historical values for China’s life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
  • It offers a detailed analysis of the key sub-segments in China’s life insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for life insurance products in China
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in China for the life insurance business
  • It provides a detailed analysis of the reinsurance market in China and its growth prospects
  • It profiles the top life insurance companies in China, and outlines the key regulations affecting them
Reasons To Buy
  • Make strategic business decisions using top-level historic and forecast market data related to the Chinese life insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Chinese life insurance market
  • Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Chinese insurance market and its impact on companies and the market's future
Key Highlights
  • Despite insurance industry expansion, China remains a significant opportunity for insurers as only 50% of the population was insured in 2010. The life insurance penetration of 2.8% of GDP highlights the opportunities within the industry for life insurance companies over the forecast period
  • The China Insurance Regulatory Commission (CIRC) has announced new administrative rules that will become mandatory for insurance companies operating in the country in relation to the reporting of their premiums. Single premium investment products may not be included in gross premium statistics. Nonetheless, the new accounting rules will change the competitive landscape, as companies with high regular premiums may report an apparent increase in their market share
  • Within the Chinese life insurance market, individual life insurance represented the largest category in terms of written premium, accounting for a total market share of 94.2%
  • The Chinese life insurance market is dominated by domestic insurers. The top ten domestic insurance companies accounted for 90.12% of the market, while the top ten foreign companies accounted only for 4.15% market share in 2010
  • Over the forecast period, the market share of private life insurance companies is expected to increase as a result of the stronger capital base and greater penetration in rural areas
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 CHINESE INSURANCE INDUSTRY ATTRACTIVENESS

3.1 Insurance Industry Size, 2007–2016
3.2 Key Industry Trends and Drivers
  3.2.1 Business drivers
  3.2.2 Consumer drivers
3.3 Recent Market Developments

4 LIFE INSURANCE MARKET OUTLOOK

4.1 Life Insurance Growth Prospects by Category
  4.1.1 Individual life insurance category market size, 2007–2016
  4.1.2 Individual general annuity category market size, 2007–2016
  4.1.3 Individual pension category market size, 2007–2016
  4.1.4 Individual unit-linked insurance sub-category market size, 2007–2016
  4.1.5 Group life insurance category market size, 2007–2016
  4.1.6 Group superannuation category market size, 2007–2016
4.2 Life Insurance Growth Prospects by Customer Segments
  4.2.1 Individual segment market size, 2007–2016
  4.2.2 Individual single premium category market size, 2007–2016
  4.2.3 Individual non-single premium category market size, 2007–2016
  4.2.4 Group segment market size, 2007–2016
  4.2.5 Group single premium category market size, 2007–2016
  4.2.6 Group non-single premium category market size, 2007–2016

5 ANALYSIS BY DISTRIBUTION CHANNEL

5.1 Direct marketing channel market size, 2007–2016
5.2 Bancassurance channel market size, 2007–2016
5.3 Agencies channel market size, 2007–2016
5.4 Other channel market size, 2007–2016

6 REGULATORY POLICIES

7 PORTER’S FIVE FORCES ANALYSIS – CHINESE LIFE INSURANCE MARKET

7.1 Bargaining Power of Supplier: medium
7.2 Bargaining Power of Buyer: low
7.3 Barriers to Entry: low to medium
7.4 Intensity of Rivalry: high
7.5 Threat of Substitutes: low

8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by type of insurance, 2007–2016

9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

9.1 Overview
9.2 Leading Companies in the Chinese Life Insurance Market
9.3 China Life Insurance Company Limited – Company Overview
  9.3.1 China Life Insurance Company Limited – key facts
  9.3.2 China Life Insurance Company Limited – main products
  9.3.3 China Life Insurance Company Limited – main competitors
  9.3.4 China Life Insurance Company Limited – key employees
9.4 Ping An Insurance (Group) Company of China, Ltd. – Company Overview
  9.4.1 Ping An Insurance (Group) Company of China, Ltd – key facts
  9.4.2 Ping An Insurance (Group) Company of China, Ltd – main products
  9.4.3 Ping An Insurance (Group) Company of China, Ltd – main competitors
  9.4.4 Ping An Insurance (Group) Company of China, Ltd – key employees
9.5 China Pacific Insurance (Group) Co., Ltd – Company Overview
  9.5.1 China Pacific Insurance (Group) Co., Ltd – key facts
  9.5.2 China Pacific Insurance (Group) Co., Ltd – main products
  9.5.3 China Pacific Insurance (Group) Co., Ltd – main competitors
  9.5.4 China Pacific Insurance (Group) Co., Ltd – key employees
9.6 Taikang Life Insurance Corp., Ltd. – Company Overview
  9.6.1 Taikang Life Insurance Corp. Ltd. – key facts
  9.6.2 Taikang Life Insurance Corp., Ltd – main products
  9.6.3 Taikang Life Insurance Corp. Ltd. – main competitors
  9.6.4 Taikang Life Insurance Corp., Ltd – key employees
9.7 Taiping Life Insurance Co., Ltd. – Company Overview
  9.7.1 Taiping Life Insurance Co., Ltd – key facts
  9.7.2 Taiping Life Insurance Co. Ltd. – main products
  9.7.3 Taiping Life Insurance Co., Ltd – main competitors
  9.7.4 Taiping Life Insurance Co., Ltd – key employees

10 BUSINESS ENVIRONMENT AND COUNTRY RISK

10.1 Business Confidence
  10.1.1 Business confidence index
  10.1.2 Market capitalization trend – Shanghai stock index, China
  10.1.3 FDI inflow by industry
  10.1.4 Deployment of credit
10.2 Economic Performance
  10.2.1 GDP at constant prices (US dollars)
  10.2.2 GDP per capita at constant prices (US dollars)
  10.2.3 GDP at current prices (US dollars)
  10.2.4 GDP per capita at current prices (US dollars)
  10.2.5 GDP split by key sectors
  10.2.6 Agriculture net output at current prices (Chinese Yuan)
  10.2.7 Agriculture net output at current prices (US dollars)
  10.2.8 Agriculture net output at current prices as a percentage of GDP
  10.2.9 Manufacturing net output at current prices (Chinese Yuan)
  10.2.10 Manufacturing net output at current prices (US dollars)
  10.2.11 Manufacturing net output at current prices as a percentage of GDP
  10.2.12 Mining, manufacturing and utilities net output at current prices (Chinese Yuan)
  10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
  10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
  10.2.15 Construction net output at current prices (Chinese Yuan)
  10.2.16 Construction net output at current prices (US dollars)
  10.2.17 Construction net output at current prices as a percentage of GDP
  10.2.18 Crude steel production
  10.2.19 Crude oil consumption
  10.2.20 Inflation rate
  10.2.21 Fiscal balance as a percentage of GDP
  10.2.22 Exports as a percentage of GDP
  10.2.23 Imports as a percentage of GDP
  10.2.24 Exports growth
  10.2.25 Imports growth
  10.2.26 External debt as a percentage of GDP
  10.2.27 Annual average exchange rate (US$–RMB)
  10.2.28 End of period exchange rate (US$–RMB)
  10.2.29 Debt service ratio
10.3 Infrastructure Quality and Availability
  10.3.1 Total airports
  10.3.2 Railways and roadways
  10.3.3 Passenger vehicle production
  10.3.4 Commercial vehicle production volume
  10.3.5 Automotive components exports
  10.3.6 Automotive components imports
  10.3.7 Passenger car penetration
  10.3.8 Total installed capacity for electricity generation
  10.3.9 Installed capacity for the generation of conventional thermal electricity
  10.3.10 Electricity production
  10.3.11 Installed capacity for the generation of hydro-electricity
  10.3.12 Installed capacity for renewable electricity generation
  10.3.13 Electricity exports
  10.3.14 Electricity imports
  10.3.15 Healthcare expenditure
  10.3.16 Healthcare expenditure as a percentage of GDP
  10.3.17 Healthcare expenditure per capita
  10.3.18 Total internet subscribers
  10.3.19 Broadband internet subscribers
  10.3.20 Personal computer penetration rate
  10.3.21 Mobile phone penetration rate
  10.3.22 R&D Expenditure as a percentage of GDP
10.4 Labor Force
  10.4.1 Labor force
  10.4.2 Unemployment rate
10.5 Demographics
  10.5.1 Annual disposable income
  10.5.2 Annual per capita disposable income
  10.5.3 Annual consumer expenditure on food
  10.5.4 Annual per capita consumer expenditure on food
  10.5.5 Total population
  10.5.6 Urban and rural population
  10.5.7 Female percentage of population
  10.5.8 Male percentage of population
  10.5.9 Median age of population
  10.5.10 Population density
  10.5.11 Age distribution of the total population
  10.5.12 Age distribution of the male population
  10.5.13 Age distribution of the female population
  10.5.14 Number of households
10.6 Political and Social Risk
  10.6.1 Political stability
  10.6.2 Terrorism Index
  10.6.3 Transparency index

11 APPENDIX

11.1 Methodology
11.2 Contact us
11.3 About Timetric
11.4 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: China Insurance Overall Written Premium by Segment (RMB Billion), 2007–2011
Table 3: China Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: China Insurance Overall Written Premium by Segment (RMB Billion), 2011–2016
Table 5: China Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: China Insurance Segmentation (%), 2007–2016
Table 7: Life Insurance Written Premium by Category (RMB Billion), 2007–2011
Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Life Insurance Written Premium by Category (RMB Billion), 2011–2016
Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Life Insurance Market – Incurred Loss (RMB Billion), 2007–2011
Table 12: Life Insurance Market – Incurred Loss (RMB Billion), 2011–2016
Table 13: Life Insurance Market – Loss Ratio (%), 2007–2011
Table 14: Life Insurance Market – Loss Ratio (%), 2011–2016
Table 15: Life Insurance Market – Commissions and Expenses (RMB Billion), 2007–2011
Table 16: Life Insurance Market – Commissions and Expenses (RMB Billion), 2011–2016
Table 17: Life Insurance Market – Combined Ratio (%), 2007–2011
Table 18: Life Insurance Market – Combined Ratio (%), 2011–2016
Table 19: Life Insurance Market – Frauds and Crimes (RMB Billion), 2007–2011
Table 20: Life Insurance Market – Frauds and Crimes (RMB Billion), 2011–2016
Table 21: Life Insurance Market – Total Assets (RMB Billion), 2007–2011
Table 22: Life Insurance Market – Total Assets (RMB Billion), 2011–2016
Table 23: Life Insurance Market – Total Investment Income (RMB Billion), 2007–2011
Table 24: Life Insurance Market – Total Investment Income (RMB Billion), 2011–2016
Table 25: Life Insurance Market – Retentions (RMB Billion), 2007–2011
Table 26: Life Insurance Market – Retentions (RMB Billion), 2011–2016
Table 27: Individual Life Insurance Category by Volume (’000), 2007–2011
Table 28: Individual Life Insurance Category by Volume (’000), 2011–2016
Table 29: Individual Life Insurance Category by Written Premium (RMB Billion), 2007–2011
Table 30: Individual Life Insurance Category by Written Premium (RMB Billion), 2011–2016
Table 31: Individual General Annuity Insurance Category by Volume (’000), 2007–2011
Table 32: Individual General Annuity Insurance Category by Volume (’000), 2011–2016
Table 33: Individual General Annuity Insurance Category by Written Premium (RMB Billion), 2007–2011
Table 34: Individual General Annuity Insurance Category by Written Premium (RMB Billion), 2011–2016
Table 35: Individual Pension Insurance Category by Volume (’000), 2007–2011
Table 36: Individual Pension Insurance Category by Volume (’000), 2011–2016
Table 37: Individual Pension Insurance Category by Written Premium (RMB Billion), 2007–2011
Table 38: Individual Pension Insurance Category by Written Premium (RMB Billion), 2011–2016
Table 39: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2007–2011
Table 40: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2011–2016
Table 41: Individual Unit-linked Insurance Sub-Category by Written Premium (RMB Billion), 2007–2011
Table 42: Individual Unit-linked Insurance Sub-Category by Written Premium (RMB Billion), 2011–2016
Table 43: Group Life Insurance Category by Volume (’000), 2007–2011
Table 44: Group Life Insurance Category by Volume (’000), 2011–2016
Table 45: Group Life Insurance Category by Written Premium (RMB Billion), 2007–2011
Table 46: Group Life Insurance Category by Written Premium (RMB Billion), 2011–2016
Table 47: Group Superannuation Category by Volume (’000), 2007–2011
Table 48: Group Superannuation Category by Volume (’000), 2011–2016
Table 49: Group Superannuation Category by Written Premium (RMB Billion), 2007–2011
Table 50: Group Superannuation Category by Written Premium (RMB Billion), 2011–2016
Table 51: Individual Single Premium Category by Volume (’000), 2007–2011
Table 52: Individual Single Premium Category by Volume (’000), 2011–2016
Table 53: Individual Single Premium Category by Written Premium (RMB Billion), 2007–2011
Table 54: Individual Single Premium Category by Written Premium (RMB Billion), 2011–2016
Table 55: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Table 56: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Table 57: Individual Non-Single Premium Category by Written Premium (RMB Billion), 2007–2011
Table 58: Individual Non-Single Premium Category by Written Premium (RMB Billion), 2011–2016
Table 59: Group Single Premium Category by Volume (’000), 2007–2011
Table 60: Group Single Premium Category by Volume (’000), 2011–2016
Table 61: Group Single Premium Category by Written Premium (RMB Billion), 2007–2011
Table 62: Group Single Premium Category by Written Premium (RMB Billion), 2011–2016
Table 63: Group Non-Single Premium Category by Volume (’000), 2007–2011
Table 64: Group Non-Single Premium Category by Volume (’000), 2011–2016
Table 65: Group Non-Single Premium Category by Written Premium (RMB Billion), 2007–2011
Table 66: Group Non-Single Premium Category by Written Premium (RMB Billion), 2011–2016
Table 67: Life Insurance Market – Direct Marketing Commission Paid (RMB Billion), 2007–2011
Table 68: Life Insurance Market –Direct Marketing Commission Paid (RMB Billion), 2011–2016
Table 69: Life Insurance Market – Written Premium Through Direct Marketing (RMB Billion), 2007–2011
Table 70: Life Insurance Market – Written Premium Through Direct Marketing (RMB Billion), 2011–2016
Table 71: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2007–2011
Table 72: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2011–2016
Table 73: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Table 74: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Table 75: Life Insurance Market – Bancassurance Commission Paid (RMB Billion), 2007–2011
Table 76: Life Insurance Market – Bancassurance Commission Paid (RMB Billion), 2011–2016
Table 77: Life Insurance Market – Written Premium Through Bancassurance (RMB Billion), 2007–2011
Table 78: Life Insurance Market – Written Premium Through Bancassurance (RMB Billion), 2011–2016
Table 79: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Table 80: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Table 81: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Table 82: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Table 83: Life Insurance Market – Commission Paid to Agencies (RMB Billion), 2007–2011
Table 84: Life Insurance Market – Commission Paid to Agencies (RMB Billion), 2011–2016
Table 85: Life Insurance Market – Written Premium Through Agencies (RMB Billion|), 2007–2011
Table 86: Life Insurance Market – Written Premium Through Agencies (RMB Billion), 2011–2016
Table 87: Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Table 88: Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Table 89: Life Insurance Market – Number of Agencies, 2007–2011
Table 90: Life Insurance Market – Number of Agencies, 2011–2016
Table 91: Life Insurance Market – Commission Paid to Other Channels (RMB Billion), 2007–2011
Table 92: Life Insurance Market – Commission Paid to Other Channels (RMB Billion), 2011–2016
Table 93: Life Insurance Market – Written Premium Through Other Channels (RMB Billion), 2007–2011
Table 94: Life Insurance Market – Written Premium Through Other Channels (RMB Billion), 2011–2016
Table 95: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Table 96: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Table 97: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Table 98: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Table 99: Reinsurance Market in China by Category (RMB Billion), 2007–2011
Table 100: Reinsurance Market in China by Category (US$ Billion), 2007–2011
Table 101: Reinsurance Market in China by Category (RMB Billion), 2011–2016
Table 102: Reinsurance Market in China by Category (US$ Billion), 2011–2016
Table 103: Reinsurance Ceded by Type of Insurance (RMB Billion), 2007–2011
Table 104: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 105: Reinsurance Ceded by Type of Insurance (RMB Billion), 2011–2016
Table 106: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 107: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 108: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 109: Life Insurance Market Share (%), 2007 and 2010
Table 110: China Life Insurance Company Limited, Key Facts
Table 111: China Life Insurance Company Limited, Main Products
Table 112: China Life Insurance Company Limited, Key Employees
Table 113: Ping An Insurance (Group) Company of China, Ltd, Key Facts
Table 114: Ping An Insurance (Group) Company of China, Ltd, Main Products
Table 115: Ping An Insurance (Group) Company of China, Ltd, Key Employees
Table 116: China Pacific Insurance (Group) Co., Ltd, Ltd, Key Facts
Table 117: China Pacific Insurance (Group) Co., Ltd, Main Products
Table 118: China Pacific Insurance (Group) Co., Ltd, Key Employees
Table 119: Taikang Life Insurance Corp., Ltd, Key Facts
Table 120: Taikang Life Insurance Corp., Ltd, Main Products
Table 121: Taikang Life Insurance Corp., Ltd, Key Employees
Table 122: Taiping Life Insurance Co., Ltd, Key Facts
Table 123: Taiping Life Insurance Co., Ltd, Main Products
Table 124: Taiping Life Insurance Co., Ltd, Key Employees

LIST OF FIGURES

Figure 1: China Insurance Overall Written Premium by Segment (RMB Billion), 2007–2016
Figure 2: China Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Life Insurance Written Premium by Category (RMB Billion), 2007–2016
Figure 4: Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Life Insurance Market – Incurred Loss (RMB Billion), 2007–2011
Figure 7: Life Insurance Market – Incurred Loss (RMB Billion), 2011–2016
Figure 8: Life Insurance Market – Loss Ratio (%), 2007–2011
Figure 9: Life Insurance Market – Loss Ratio (%), 2011–2016
Figure 10: Life Insurance Market – Commissions and Expenses (RMB Billion), 2007–2011
Figure 11: Life Insurance Market – Commissions and Expenses (RMB Billion), 2011–2016
Figure 12: Life Insurance Market – Combined Ratio (%), 2007–2011
Figure 13: Life Insurance Market – Combined Ratio (%), 2011–2016
Figure 14: Life Insurance Market – Frauds and Crimes (RMB Billion), 2007–2011
Figure 15: Life Insurance Market – Frauds and Crimes (RMB Billion), 2011–2016
Figure 16: Life Insurance Market – Total Assets (RMB Billion), 2007–2011
Figure 17: Life Insurance Market – Total Assets (RMB Billion), 2011–2016
Figure 18: Life Insurance Market – Total Investment Income (RMB Billion), 2007–2011
Figure 19: Life Insurance Market – Total Investment Income (RMB Billion), 2011–2016
Figure 20: Life Insurance Market – Retentions (RMB Billion), 2007–2011
Figure 21: Life Insurance Market – Retentions (RMB Billion), 2011–2016
Figure 22: Life Insurance Market – Investment Type (RMB Billion), 2007–2011
Figure 23: Life Insurance Market – Investment Type, 2007 and 2011
Figure 24: Life Insurance Market – Density and Penetration (%), 2007–2011
Figure 25: Life Insurance Market – Number of Policies Sold (’000), 2007–2011
Figure 26: Life Insurance Market – Number of Policies Sold (’000), 2011–2016
Figure 27: Life Insurance Market – Premium Per-capita (RMB), 2007–2011
Figure 28: Individual Life Insurance Category by Volume (’000), 2007–2011
Figure 29: Individual Life Insurance Category by Volume (’000), 2011–2016
Figure 30: Individual Life Insurance Category by Written Premium (RMB Billion), 2007–2011
Figure 31: Individual Life Insurance Category by Written Premium (RMB Billion), 2011–2016
Figure 32: Individual General Annuity Insurance Category by Volume (’000), 2007–2011
Figure 33: Individual General Annuity Insurance Category by Volume (’000), 2011–2016
Figure 34: Individual General Annuity Insurance Category by Written Premium (RMB Billion), 2007–2011
Figure 35: Individual General Annuity Insurance Category by Written Premium (RMB Billion), 2011–2016
Figure 36: Individual Pension Insurance Category by Volume (’000), 2007–2011
Figure 37: Individual Pension Insurance Category by Volume (’000), 2011–2016
Figure 38: Individual Pension Insurance Category by Written Premium (RMB Billion), 2007–2011
Figure 39: Individual Pension Insurance Category by Written Premium (RMB Billion), 2011–2016
Figure 40: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2007–2011
Figure 41: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2011–2016
Figure 42: Individual Unit-linked Insurance Sub-Category by Written Premium (RMB Billion), 2007–2011
Figure 43: Individual Unit-linked Insurance Sub-Category by Written Premium (RMB Billion), 2011–2016
Figure 44: Group Life Insurance Category by Volume (’000), 2007–2011
Figure 45: Group Life Insurance Category by Volume (’000), 2011–2016
Figure 46: Group Life Insurance Category by Written Premium (RMB Billion), 2007–2011
Figure 47: Group Life Insurance Category by Written Premium (RMB Billion), 2011–2016
Figure 48: Group Superannuation Category by Volume (’000), 2007–2011
Figure 49: Group Superannuation Category by Volume (’000), 2011–2016
Figure 50: Group Superannuation Category by Written Premium (RMB Billion), 2007–2011
Figure 51: Group Superannuation Category by Written Premium (RMB Billion), 2011–2016
Figure 52: Individual Single Premium Category by Volume (’000), 2007–2011
Figure 53: Individual Single Premium Category by Volume (’000), 2011–2016
Figure 54: Individual Single Premium Category by Written Premium (RMB Billion), 2007–2011
Figure 55: Individual Single Premium Category by Written Premium (RMB Billion), 2011–2016
Figure 56: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Figure 57: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Figure 58: Individual Non-Single Premium Category by Written Premium (RMB Billion), 2007–2011
Figure 59: Individual Non-Single Premium Category by Written Premium (RMB Billion), 2011–2016
Figure 60: Group Single Premium Category by Volume (’000), 2007–2011
Figure 61: Group Single Premium Category by Volume (’000), 2011–2016
Figure 62: Group Single Premium Category by Written Premium (RMB Billion), 2007–2011
Figure 63: Group Single Premium Category by Written Premium (RMB Billion), 2011–2016
Figure 64: Group Non-Single Premium Category by Volume (’000), 2007–2011
Figure 65: Group Non-Single Premium Category by Volume (’000), 2011–2016
Figure 66: Group Non-Single Premium Category by Written Premium (RMB Billion), 2007–2011
Figure 67: Group Non-Single Premium Category by Written Premium (RMB Billion), 2011–2016
Figure 68: Life Insurance New Business Written Premium by Distribution Channels (% Share), 2011 and 2016
Figure 69: Life Insurance Market – Direct Marketing Commission Paid (RMB Billion), 2007–2011
Figure 70: Life Insurance Market – Direct Marketing Commission Paid (RMB Billion), 2011–2016
Figure 71: Life Insurance Market – Written Premium Through Direct Marketing (RMB Billion), 2007–2011
Figure 72: Life Insurance Market – Written Premium Through Direct Marketing (RMB Billion), 2011–2016
Figure 73: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2007–2011
Figure 74: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2011–2016
Figure 75: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Figure 76: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Figure 77: Life Insurance Market – Bancassurance Commission Paid (RMB Billion), 2007–2011
Figure 78: Life Insurance Market – Bancassurance Commission Paid (RMB Billion), 2011–2016
Figure 79: Life Insurance Market – Written Premium Through Bancassurance (RMB Billion), 2007–2011
Figure 80: Life Insurance Market – Written Premium Through Bancassurance (RMB Billion), 2011–2016
Figure 81: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Figure 82: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Figure 83: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Figure 84: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Figure 85: Life Insurance Market – Commission Paid to Agencies (RMB Billion), 2007–2011
Figure 86: Life Insurance Market – Commission Paid to Agencies (RMB Billion), 2011–2016
Figure 87: Life Insurance Market – Written Premium Through Agencies (RMB Billion), 2007–2011
Figure 88: Life Insurance Market – Written Premium Through Agencies (RMB Billion), 2011–2016
Figure 89: Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Figure 90: Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Figure 91: Life Insurance Market – Number of Agencies, 2007–2011
Figure 92: Life Insurance Market – Number of Agencies, 2011–2016
Figure 93: Life Insurance Market – Commission Paid to Other Channels (RMB Billion), 2007–2011
Figure 94: Life Insurance Market – Commission Paid to Other Channels (RMB Billion), 2011–2016
Figure 95: Life Insurance Market – Written Premium Through Other Channels (RMB Billion), 2007–2011
Figure 96: Life Insurance Market – Written Premium Through Other Channels (RMB Billion), 2011–2016
Figure 97: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Figure 98: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Figure 99: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Figure 100: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Figure 101: Chinese Life Insurance Market – Five Forces Analysis
Figure 102: Premium Ceded to Reinsurance by Category (RMB Billion), 2007–2016
Figure 103: Reinsurance Premium by Category (% Share), 2011 and 2016
Figure 104: Reinsurance Market Dynamics by Category, 2007–2016
Figure 105: Reinsurance Ceded by Type of Insurance (RMB Billion), 2007–2016
Figure 106: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 107: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 108: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 109: Life Insurance Market Share (%), 2007 and 2010
Figure 110: Chinese Business Confidence Indicator, 2005–2009
Figure 111: Shanghai stock index Market Capitalization (US$ Billion), 2004–2010
Figure 112: Chinese FDI Inflows by Industry (US$ Billion), 2003–2009
Figure 113: Chinese Deployment of Credit (US$ Billion), 2003–2009
Figure 114: Chinese GDP at Constant Prices (US$ Billion), 2007–2016
Figure 115: Chinese GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 116: Chinese GDP at Current Prices (US$ Billion), 2007–2016
Figure 117: Chinese GDP Per Capita at Current Prices (US$), 2007–2016
Figure 118: Chinese GDP Split by Key Sectors (%), 2003 and 2008
Figure 119: Chinese Agriculture Net Output at Current Prices (RMB Billion), 2007–2016
Figure 120: Chinese Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 121: Chinese Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 122: Chinese Manufacturing Net Output at Current Prices (RMB Billion), 2007–2016
Figure 123: Chinese Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 124: Chinese Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 125: Chinese Mining, Manufacturing and Utilities Net Output at Current Prices (RMB Billion), 2007–2016
Figure 126: Chinese Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 127: Chinese Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 128: Chinese Construction Net Output at Current Prices (RMB Billion), 2007–2016
Figure 129: Chinese Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 130: Chinese Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 131: Chinese Crude Steel Production (Million Metric Tons), 2007–2016
Figure 132: Chinese Crude Oil Consumption (Million Tons), 2007–2016
Figure 133: Chinese Inflation Rate (%), 2007–2016
Figure 134: Chinese Fiscal Balance as a Percentage of GDP (%), 2007–2011
Figure 135: Chinese Exports as a Percentage of GDP (%), 2007–2016
Figure 136: Chinese Imports as a Percentage of GDP (%), 2007–2016
Figure 137: Chinese Exports Growth (%), 2007–2016
Figure 138: Chinese Imports Growth (%), 2007–2016
Figure 139: Chinese External Debt as a Percentage of GDP (%), 2007–2010
Figure 140: Chinese Annual Average Exchange Rate (US$–RMB), 2007–2010
Figure 141: Chinese End of Period Exchange Rate (US$–RMB), 2007–2010
Figure 142: China Debt Service Ratio, 2003–2009
Figure 143: Chinese Number of Airports, 2010
Figure 144: Chinese Railways and Roadways (Kilometers), 2010
Figure 145: Chinese Passenger Vehicle Production (Million Units), 2007–2016
Figure 146: Chinese Commercial Vehicle Production (Units), 2007–2016
Figure 147: Chinese Automotive Components Exports (US$ Billion), 2007–2016
Figure 148: Chinese Automotive Components Imports (US$ Billion), 2007–2016
Figure 149: China Passenger Vehicle Exports (Units), 2007–2016
Figure 150: Chinese Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016
Figure 151: Chinese Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2007–2016
Figure 152: Chinese Electricity Production (Billion Kilowatts Hours), 2007–2016
Figure 153: Chinese Installed Capacity for the Generation of Hydro-Electricity (Million Kilowatts), 2007–2016
Figure 154: Chinese Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 2007–2016
Figure 155: Chinese Electricity Exports (Million Kilowatts Hours), 2007–2016
Figure 156: Chinese Electricity Imports (Billon Kilowatts Hours), 2007–2016
Figure 157: Chinese Healthcare Expenditure (US$ Billion), 2007–2016
Figure 158: Chinese Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 159: Chinese Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 160: Chinese Internet Subscriptions (Millions), 2007–2016
Figure 161: Chinese Broadband Internet Subscriptions (Millions), 2007–2016
Figure 162: Chinese Personal Computer Penetration Rate (per Hundred People), 2007–2016
Figure 163: Chinese Mobile Phone Penetration (%), 2007–2016
Figure 164: Chinese R&D Expenditure as a Percentage of GDP (%), 2007–2016
Figure 165: Chinese Size of Labor Force (Million), 2007–2016
Figure 166: Chinese Unemployment Rate (%), 2007–2016
Figure 167: Chinese Annual Disposable Income (US$ Billion), 2007–2016
Figure 168: Chinese Annual Per Capita Disposable Income (US$), 2007–2016
Figure 169: Chinese Consumer Expenditure on Food (US$ Billion), 2007–2016
Figure 170: Chinese Annual Per Capita Consumer Expenditure on Food (US$), 2007–2016
Figure 171: Chinese Total Population (Million People), 2007–2016
Figure 172: Chinese Urban and Rural Population (%), 2007–2016
Figure 173: Chinese Female as a Percentage of Total Population (%), 2007–2016
Figure 174: Chinese Male as a Percentage of Total Population (%), 2007–2016
Figure 175: Chinese Median Age of Population (Years), 2007–2016
Figure 176: Chinese Population Density (per Square Kilometer), 2007–2016
Figure 177: Chinese Population Distribution by Age (%), 2007–2016
Figure 178: Chinese Male Population Distribution by Age (%), 2007–2016
Figure 179: Chinese Female Population Distribution by Age (%), 2007–2016
Figure 180: Chinese Households, Number of (Million), 2007–2016
Figure 181: Global Terrorism Heat Map, 2011
Figure 182: Chinese Transparency Index, 2007–2010

COMPANIES MENTIONED

Chine Life Insurance
Ping An Insurance Group
China Pacific Insurance Company
Taikang Life
Taiping Life
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Life Insurance in China, Key Trends and Opportunities to 2016: New Administrative Rules for Reporting Premiums to Change the Market Structure
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