Summary
Non-Life Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- 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 2017 annual average exchange rates.
- The Chinese non-life insurance market had total gross written premiums of $224.0bn in 2017, representing a compound annual growth rate (CAGR) of 18% between 2013 and 2017.
- The motor segment was the market's most lucrative in 2017, with total gross written premiums of $128.3bn, equivalent to 57.3% of the market's overall value.
- The Chinese market has been largely affected by the performance of the motor insurance segment as the rising income of the population led to rising motor ownership rates, resulting in a knock on demand-effect on motor insurance products.
Scope
- 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
Reasons to buy
- What was the size of the China non-life insurance market by value in 2017?
- What will be the size of the China non-life insurance market in 2022?
- 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 competitiors in China's non-life insurance market?
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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 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 17
New entrants 19
Threat of substitutes 21
Degree of rivalry 22
Leading Companies 24
The People's Insurance Company (Group) of China Limited 24
Ping An Insurance (Group) Company of China, Ltd. 28
China Pacific Insurance (Group) Co., Ltd. 32
China Life Insurance Co Ltd 36
Macroeconomic Indicators 40
Country data 40
Methodology 42
Industry associations 43
Related MarketLine research 43
Appendix 44
About MarketLine 44
List of Tables
Table 1: China non-life insurance market value: $ billion, 2013–17
Table 2: China non–life insurance market category segmentation: $ billion, 2017
Table 3: China non–life insurance market geography segmentation: $ billion, 2017
Table 4: China non-life insurance market share: % share, by value, 2017
Table 5: China non-life insurance market value forecast: $ billion, 2017–22
Table 6: The People's Insurance Company (Group) of China Limited: key facts
Table 7: The People's Insurance Company (Group) of China Limited: key financials ($)
Table 8: The People's Insurance Company (Group) of China Limited: key financials (CNY)
Table 9: The People's Insurance Company (Group) of China Limited: key financial ratios
Table 10: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 11: Ping An Insurance (Group) Company of China, Ltd.: key financials ($)
Table 12: Ping An Insurance (Group) Company of China, Ltd.: key financials (CNY)
Table 13: Ping An Insurance (Group) Company of China, Ltd.: key financial ratios
Table 14: China Pacific Insurance (Group) Co., Ltd.: key facts
Table 15: China Pacific Insurance (Group) Co., Ltd.: key financials ($)
Table 16: China Pacific Insurance (Group) Co., Ltd.: key financials (CNY)
Table 17: China Pacific Insurance (Group) Co., Ltd.: key financial ratios
Table 18: China Life Insurance Co Ltd: key facts
Table 19: China Life Insurance Co Ltd: key financials ($)
Table 20: China Life Insurance Co Ltd: key financials (CNY)
Table 21: China Life Insurance Co Ltd: key financial ratios
Table 22: China size of population (million), 2013–17
Table 23: China gdp (constant 2005 prices, $ billion), 2013–17
Table 24: China gdp (current prices, $ billion), 2013–17
Table 25: China inflation, 2013–17
Table 26: China consumer price index (absolute), 2013–17
Table 27: China exchange rate, 2013–17
List of Figures
Figure 1: China non-life insurance market value: $ billion, 2013–17
Figure 2: China non–life insurance market category segmentation: % share, by value, 2017
Figure 3: China non–life insurance market geography segmentation: % share, by value, 2017
Figure 4: China non-life insurance market share: % share, by value, 2017
Figure 5: China non-life insurance market value forecast: $ billion, 2017–22
Figure 6: Forces driving competition in the non-life insurance market in China, 2017
Figure 7: Drivers of buyer power in the non-life insurance market in China, 2017
Figure 8: Drivers of supplier power in the non-life insurance market in China, 2017
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in China, 2017
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in China, 2017
Figure 11: Drivers of degree of rivalry in the non-life insurance market in China, 2017
Figure 12: The People's Insurance Company (Group) of China Limited: revenues & profitability
Figure 13: The People's Insurance Company (Group) of China Limited: assets & liabilities
Figure 14: Ping An Insurance (Group) Company of China, Ltd.: revenues & profitability
Figure 15: Ping An Insurance (Group) Company of China, Ltd.: assets & liabilities
Figure 16: China Pacific Insurance (Group) Co., Ltd.: revenues & profitability
Figure 17: China Pacific Insurance (Group) Co., Ltd.: assets & liabilities
Figure 18: China Life Insurance Co Ltd: revenues & profitability
Figure 19: China Life Insurance Co Ltd: assets & liabilities
