Non-Life Insurance Market in China @ http://www.researchmoz.us/non-life-insurance-in-china-key-trends-and-opportunities-to-2017-report.html
Undeterred by the economic slowdown and weak global market conditions, the Chinese non-life segment recorded a review-period CAGR of 22.8%, with gross written premiums reaching CNY521.1 billion (US$82.6 billion) in 2012. As of 2012, 59 non-life insurers were active in China. Of those, 38 were domestic and 21 were foreign. The five leading firms accounted for around 74% of the total gross written premium.
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Non-Life Insurance Market in China to 2017
1. Non-Life Insurance in China, Key Trends and Opportunities to 2017
Synopsis
The report provides in depth market analysis, information and insights into the Chinese non-life insurance
segment, including:
The Chinese non-life insurance segment’s growth prospects by non-life insurance categories The
various distribution channels in the Chinese non-life insurance segment The competitive landscape in the
non-life insurance segment in China A description of the non-life reinsurance segment in China Detailed
analysis of the regulatory framework in China
Executive summary
Undeterred by the economic slowdown and weak global market conditions, the Chinese non-life segment
recorded a review-period CAGR of 22.8%, with gross written premiums reaching CNY521.1 billion (US$82.6
billion) in 2012. As of 2012, 59 non-life insurers were active in China. Of those, 38 were domestic and 21
were foreign. The five leading firms accounted for around 74% of the total gross written premium. Motor
insurance was the largest category in the segment in 2012, accounting for 76.7% of the total gross written
premium. The recent liberalization of foreign investment laws, rapid urbanization and development of
agriculture insurance will support the growth of the non-life segment over the forecast period.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in China:
It provides historical values for China’s non-life insurance segment for the report’s
2008–2012 review period and forecast figures for the 2012–2017 forecast period It offers a
detailed analysis of the key sub-segments in China’s non-life insurance segment, along with market
forecasts until 2017 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 non-life insurance products in China Using
Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in
China for the non-life insurance segment It provides a detailed analysis of the reinsurance segment in China
and its growth prospects It profiles the top non-life insurance companies in China and outlines the key
regulations affecting them
Reasons to buy
Make strategic business decisions using historic and forecast market data related to the Chinese non-life
insurance segment and each sector within it Understand the demand-side dynamics, key trends and growth
opportunities within the Chinese non-life insurance segment Assess the competitive dynamics in the non-life
insurance segment, along with the reinsurance segment Identify the growth opportunities and segment
dynamics within key product categories Gain insights into key regulations governing the Chinese insurance
industry and its impact on companies and future trends
Key highlights
The Chinese non-life segment recorded a review-period CAGR of 22.8%, with gross written premiums
reaching CNY521.1 billion (US$82.6 billion) in 2012. State-owned and domestic insurers dominate the
segment with foreign insurers representing 1% of the total gross written premium. Motor insurance was the
Non-Life Insurance in China, Key Trends and Opportunities to 2017
2. largest category in the segment in 2012, accounting for 76.7% of the total gross written premium. The Chinese
non-life insurance segment is highly concentrated, with the five leading firms accounting for around 74% of
the total gross written premium in 2012. Liberalization of foreign investment laws, rapid urbanization and
development of agriculture insurance will support the growth of the non-life segment over the forecast period.
table Of Contents
1 Executive Summary
2 Introduction
2.1 What Is This Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market Trends
3.1.2 Market Size
4 Non-life Insurance
4.1 Scale And Penetration
4.1.1 Total Market Gross Written Premium
4.1.2 Premium Per Capita
4.1.3 Non-life Insurance Penetration (as A Percentage Of Gdp)
4.2 Growth
4.2.1 Gross Written Premium
4.2.2 Gross Written Premium Per Capita
4.3 Efficiency And Risk
4.3.1 Loss Ratio
4.3.2 Combined Ratio
4.3.3 Incurred Losses Per Capita
4.3.4 Incurred Losses As A Percentage Of Gdp
4.4 Distribution Channels
4.4.1 Direct Marketing
4.4.2 Bancassurance
4.4.3 Agencies
Non-Life Insurance in China, Key Trends and Opportunities to 2017
3. 5 Chinese Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends And Drivers
6 Non-life Insurance Outlook
6.1 Non-life Insurance Growth Prospects By Category
6.1.1 Property Insurance
6.1.2 Fire And Allied Perils Insurance
6.1.3 Engineering Insurance
6.1.4 Agriculture Insurance
6.1.5 Other Property Insurance
6.2 Motor Insurance
6.2.1 Motor Hull
6.2.2 Motor Third-party
6.3 General Third-party Insurance
6.4 Marine, Aviation And Transit Insurance
6.4.1 Marine Insurance
6.4.2 Marine Hull
6.4.3 Marine Third-party Insurance
6.4.4 Aviation Insurance
6.4.5 Transit Insurance
7 Analysis By Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels
8 Porter’s Five Forces Analysis – Chinese Non-life Insurance Segment
8.1 Bargaining Power Of Supplier: Medium To High
8.2 Bargaining Power Of Buyer: Medium To High
8.3 Barriers To Entry: Low To Medium
8.4 Intensity Of Rivalry: High
8.5 Threat Of Substitutes: Low
9 Reinsurance Growth Dynamics And Challenges
9.1 Reinsurance Segment Size, 2008–2017
Non-Life Insurance in China, Key Trends and Opportunities to 2017
4. 9.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017
10 Governance, Risk And Compliance
10.1 Legislation Overview And Historical Evolution
10.2 Legislation Trends By Type Of Insurance
10.2.1 Life Insurance Regulatory Trends
10.2.2 Property Insurance Regulatory Trends
10.2.3 Liability Insurance Regulatory Trends
10.2.4 Motor Insurance Regulatory Trends
10.2.5 Marine, Aviation And Transit Insurance Regulatory Trends
10.2.6 Personal Accident Insurance Regulatory Trends
10.2.7 Health Insurance Regulatory Trends
10.3 Compulsory Insurance
10.3.1 Third-party Motor Insurance
10.3.2 Compulsory Environmental Insurance
10.4 Supervision And Control
10.4.1 International Association Of Insurance Supervisors (iaias)
10.4.2 China Insurance Regulatory Commission (circ)
10.5 Non-admitted Insurance Regulatory Trends
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market Practices
10.5.4 Fines And Penalties
10.6 Company Registration And Operations
10.6.1 Types Of Insurance Organization
10.6.2 Establishing A Local Company
10.6.3 Foreign Ownership
10.6.4 Types Of License
10.6.5 Capital Requirements
10.6.6 Solvency Margins
10.6.7 Reserve Requirements
10.6.8 Investment Regulation
10.6.9 Policy Terms And Conditions
10.7 Taxation
10.7.1 Insurance Premium Or Policy Taxation
10.7.2 Corporate Tax
10.7.3 Vat
10.7.4 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access To Courts
10.8.3 Alternative Dispute Resolution (adr)
Non-Life Insurance in China, Key Trends and Opportunities to 2017
5. 11 Competitive Landscape And Strategic Insights
11.1 Overview
11.2 Leading Companies In The Chinese Non-life Insurance Segment
11.3 Picc Property And Casualty Company Ltd – Company Overview
11.3.1 Picc Property And Casualty Company Ltd– Key Facts
11.3.2 Picc Property And Casualty Company Ltd – Key Financials
11.4 Ping An Property And Casualty Insurance Company – Company Overview
11.4.1 Ping An Property And Casualty Insurance Company – Key Facts
11.4.2 Ping An Property And Casualty Insurance Company – Key Financials
11.5 China Pacific Insurance (group) Co., Ltd (cpic) – Company Overview
11.5.1 China Pacific Insurance (group) Co., Ltd (cpic) – Key Facts
11.5.2 China Pacific Insurance (group) Co., Ltd (cpic) – Key Financials
11.6 China United Property Insurance Company – Company Overview
11.6.1 China United Property Insurance Company – Key Facts
11.6.2 China United Property Insurance Company – Key Financials
11.7 China Life Property And Casualty Insurance Company Ltd – Company Overview
11.7.1 China Life Property And Casualty Insurance Company Ltd – Key Facts
11.8 China Continent Property And Casualty Insurance Company Ltd – Company Overview
11.8.1 China Continent Property And Casualty Insurance Company Ltd – Key Facts
11.9 Sunshine Property And Casualty Insurance Co. Ltd – Company Overview
11.9.1 Sunshine Property And Casualty Insurance Co. Ltd – Key Facts
11.9.2 Sunshine Property And Casualty Insurance Co. Ltd – Key Financials
11.1 China Export And Credit Insurance Corporation – Company Overview
11.10.1 China Export And Credit Insurance Corporation – Key Facts
11.11 Tian An Insurance Co. Ltd – Company Overview
11.11.1 Tian An Insurance Co. Ltd – Key Facts
11.11.2 Tian An Insurance Co. Ltd – Key Financials
11.12 Taiping General Insurance Company Ltd – Company Overview
1.1.1 Taiping General Insurance Company Ltd – Key Facts
1.1.2 Taiping General Insurance Company Ltd – Key Financials
12 Business Environment And Country Risk
12.1 Business Confidence
12.1.1 Market Capitalization Trend – Shanghai Stock Exchange, China
12.2 Economic Performance
12.2.1 Net Foreign Direct Investment
12.2.2 Gdp At Constant Prices (us$)
12.2.3 Gdp Per Capita At Constant Prices (us$)
12.2.4 Gdp At Current Prices (us$)
12.2.5 Gdp Per Capita At Current Prices (us$)
Non-Life Insurance in China, Key Trends and Opportunities to 2017
6. 12.2.6 Gdp By Key Segments
12.2.7 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$)
12.2.8 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp
12.2.9 Manufacturing Net Output At Current Prices (us$)
12.2.10 Manufacturing Net Output At Current Prices As A Percentage Of Gdp
12.2.11 Mining, Manufacturing And Utilities At Current Prices (us$)
12.2.12 Mining, Manufacturing And Utilities At Current Prices As A Percentage Of Gdp
12.2.13 Construction Net Output At Current Prices, (us$)
12.2.14 Construction Net Output At Current Prices As A Percentage Of Gdp
12.2.15 Inflation Rate
12.2.16 Current Account Balance As A Percentage Of Gdp
12.2.17 Exports As A Percentage Of Gdp
12.2.18 Imports As A Percentage Of Gdp
12.2.19 Exports Growth
12.2.20 Imports Growth
12.2.21 External Debt As A Percentage Of Gdp
12.3 Infrastructure Quality And Availability
12.3.1 Commercial Vehicles Exports – Total Value
12.3.2 Commercial Vehicles Imports – Total Value
12.3.3 Automotive Exports – Total Value
12.3.4 Automotive Imports – Total Value
12.3.5 Life Expectancy
12.3.6 Total Internet Subscribers
12.4 Labor Force
12.4.1 Unemployment Rate
12.5 Demographics
12.5.1 Household Consumption Expenditure (us$)
12.5.2 Total Population
12.5.3 Urban And Rural Populations
12.5.4 Females As A Percentage Of The Population
12.5.5 Males As A Percentage Of The Population
12.5.6 Median Age Of The Population
12.5.7 Age Distribution Of The Total Population
12.5.8 Number Of Households
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer
Non-Life Insurance in China, Key Trends and Opportunities to 2017
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Non-Life Insurance in China, Key Trends and Opportunities to 2017