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Non-Life Insurance in China

  • December 2016
  • -
  • MarketLine
  • -
  • 39 pages

Summary
Non-Life Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Findings
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in China
- Leading company profiles reveal details of key non-life insurance market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China non-life insurance market with five year forecasts

Synopsis
Essential resource for top-line data and analysis covering the China non-life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buy
- What was the size of the China non-life insurance market by value in 2015?
- What will be the size of the China non-life insurance market in 2020?
- What factors are affecting the strength of competition in the China non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in China's non-life insurance market?

Key Findings
The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer's premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2015 annual average exchange rates.

The Chinese non-life insurance market had total gross written premiums of $177.3bn in 2015, representing a compound annual growth rate (CAGR) of 18.3% between 2011 and 2015.

The motor segment was the market's most lucrative in 2015, with total gross written premiums of $101.5bn, equivalent to 57.3% of the market's overall value.

The motor insurance segment remains healthy in China despite restrictions on car ownership and usage in major cities to help control pollution and congestion. Given the size of its population, China has a large number of drivers all of whom require motor insurance. This is spurring growth in value.

Table Of Contents

Non-Life Insurance in China
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
China Life Insurance Company Limited
China Pacific Life Insurance Co., Ltd.
PICC Property and Casualty Company Limited
Ping An Insurance (Group) Company of China, Ltd.
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine


List of Tables
Table 1: China non-life insurance market value: $ billion, 2011-15
Table 2: China non-life insurance market category segmentation: $ billion, 2015
Table 3: China non-life insurance market geography segmentation: $ billion, 2015
Table 4: China non-life insurance market share: % share, by value, 2015
Table 5: China non-life insurance market value forecast: $ billion, 2015-20
Table 6: China Life Insurance Company Limited
Table 7: China Life Insurance Company Limited
Table 8: China Life Insurance Company Limited
Table 9: China Life Insurance Company Limited
Table 10: China Pacific Life Insurance Co., Ltd.: key facts
Table 11: China Pacific Life Insurance Co., Ltd.: key financials ($)
Table 12: China Pacific Life Insurance Co., Ltd.: key financials (CNY)
Table 13: China Pacific Life Insurance Co., Ltd.: key financial ratios
Table 14: PICC Property and Casualty Company Limited: key facts
Table 15: PICC Property and Casualty Company Limited: key financials ($)
Table 16: PICC Property and Casualty Company Limited: key financials (CNY)
Table 17: PICC Property and Casualty Company Limited: key financial ratios
Table 18: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 19: Ping An Insurance (Group) Company of China, Ltd.: key financials ($)
Table 20: Ping An Insurance (Group) Company of China, Ltd.: key financials (CNY)
Table 21: Ping An Insurance (Group) Company of China, Ltd.: key financial ratios
Table 22: China size of population (million), 2011-15
Table 23: China gdp (constant 2005 prices, $ billion), 2011-15
Table 24: China gdp (current prices, $ billion), 2011-15
Table 25: China inflation, 2011-15
Table 26: China consumer price index (absolute), 2011-15
Table 27: China exchange rate, 2011-15


List of Figures
Figure 1: China non-life insurance market value: $ billion, 2011-15
Figure 2: China non-life insurance market category segmentation: % share, by value, 2015
Figure 3: China non-life insurance market geography segmentation: % share, by value, 2015
Figure 4: China non-life insurance market share: % share, by value, 2015
Figure 5: China non-life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the non-life insurance market in China, 2015
Figure 7: Drivers of buyer power in the non-life insurance market in China, 2015
Figure 8: Drivers of supplier power in the non-life insurance market in China, 2015
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in China, 2015
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in China, 2015
Figure 11: Drivers of degree of rivalry in the non-life insurance market in China, 2015
Figure 12: China Life Insurance Company Limited
Figure 13: China Life Insurance Company Limited
Figure 14: China Pacific Life Insurance Co., Ltd.: revenues and profitability
Figure 15: China Pacific Life Insurance Co., Ltd.: assets and liabilities
Figure 16: PICC Property and Casualty Company Limited: revenues and profitability
Figure 17: PICC Property and Casualty Company Limited: assets and liabilities
Figure 18: Ping An Insurance (Group) Company of China, Ltd.: revenues and profitability
Figure 19: Ping An Insurance (Group) Company of China, Ltd.: assets and liabilities

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