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  4. > China Insurance Report Q3 2016

China Insurance Report Q3 2016

  • May 2016
  • -
  • Business Monitor International
  • -
  • 71 pages

Includes 3 FREE quarterly updates

BMI View: China's insurance market continues to record healthy growth rates, in both the life and non-lifesectors and we hold a broadly positive outlook for the market over the medium term and beyond. Risingaverage household income rates are boosting the sales of a variety of non-life products, particularly healthand motor insurance which lead the non-life sector, with solid growth also expected in the smaller lines,such as credit and financial guarantee insurance. Higher incomes are also expected to stimulate sales in thelife sector, along with rising demand from an ageing population. While growth in the Chinese economy hasslowed, it remains one of the strongest markets in the region and will continue to attract investors, keen totake advantage of the potential offered by this huge and still expanding insurance market.

Key Updates And Forecasts

-Insurance giant Chubb has entered into a preferred distribution agreement with leading Chinese retailgroup Suning - the partnership intends to focus on accident and health, travel, property and personaldevice insurance products which will be distributed via Suning's 1,700 retail stores and online customerbase where it has 230mn registered customers.

-Retail giant Alibaba is expanding into the insurance market, setting up Alibaba Health - a joint venturebetween China Taiping Insurance Holdings Co Ltd, Alibaba (China) Technology and ShanghaiYunfeng. The company will be focused upon internet based health insurance.

Table Of Contents

China Insurance Report Q3 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (China 2013-2020) 7
SWOT 9
Insurance 9
Industry Forecast 11
Life Premiums Forecast 11
Table: Life Premiums (China 2013-2020) 14
Table: Life Insurance Claims (China 2008-2015) 14
Non-Life Premiums Forecast 15
Table: Non-Life Premiums (China 2013-2020) 18
Table: Non-Life Insurance Claims (China 2009-2015) 19
Non-Life Sub-Sector Forecast 20
Table: Non-Life Insurance Premiums by Product Line (China 2013-2020) 29
Insurance Risk/Reward Index 31
Asia Pacific Industry Risk/Reward Index 31
Table: Asia Pacific Insurance Risk/Reward Index Q316 32
Market Overview 33
Life Market Overview 33
The Product Offering 33
The Competitive Landscape 33
Table: Life Insurance Market (USDmn) 2008-2015 35
Non-Life Market Overview 38
The Product Offering 38
The Competitive Landscape 38
Table: Non-Life Insurance Market (USDmn) 2008-2015 39
Company Profile 42
China Life Insurance Co Limited 42
China Pacific Insurance (Group) Co Limited 45
PICC Property and Casualty Co Limited 48
Ping An Insurance (Group) of China Limited 51
13th Five-Year Plan 54
13th Five-Year Plan: Key Points 54
Summary Of Contents 54
Chapter 1: Overview 55
Table: Targets 55
Chapter 2: Innovation To Drive Development 56
Chapter 3: Economic Institutions 57
Chapter 4: Modernisation Of The Agricultural Sector 58
Chapter 5: Industries 59
Chapter 6: Expand The Network Economy 60
Chapter 7: Build A Modern Infrastructure Network 60
Chapter 8: New-Type Urbanisation 61
Chapter 9: Coordination Of Regional Development 62
Chapter 10: Environmental Protection 63
Chapter 11: Continue Opening Up 63
Others: 63
Methodology 65
Industry Forecast Methodology 65
Risk/Reward Index Methodology 68
Table: Indicators 70
Table: Weighting of Indicators 71

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