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Life Insurance in China, MarketLine

  • January 2016
  • -
  • MarketLine
  • -
  • 37 pages

Introduction

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

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 2014 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 is expected to generate total gross written premiums of $217.7bn in 2015, representing a compound annual growth rate (CAGR) of 11.4% between 2011 and 2015.

- The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $206.9bn, equivalent to 95% of the market's overall value.

- The growth in this market is being driven by an increasing number of life insurance products, a growth in distribution channels (e.g. online), and the growing bancassurance sector.

Features

- 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

- Macroeconomic indicators provide insight into general trends within the China economy

Key Questions Answered

- What was the size of the China life insurance market by value in 2015?

- What will be the size of the China life insurance market in 2020?

- 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?

Table Of Contents

Life Insurance in China, MarketLine
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
China Life Insurance Company Limited 20
China Pacific Insurance (Group) Co. Ltd. 23
New China Life Insurance Company Ltd. 26
Ping An Insurance (Group) Company of China, Ltd. 29
Macroeconomic Indicators 32
Country Data 32
Methodology 34
Industry associations 35
Related MarketLine research 35
Appendix 36
About MarketLine 36

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