Insurance in China

Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.

– The Chinese insurance market had total gross written premiums of $574.3bn in 2018, representing a compound annual growth rate (CAGR) of 17.1% between 2014 and 2018.

– The life insurance segment was the market's most lucrative in 2018, with total gross written premiums of $313.0bn, equivalent to 54.5% of the market's overall value.

– The disposable income available to the average Chinese household has increased strongly, meaning an increasing number of households are able to opt for insurance policies.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in China

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in China

– Leading company profiles reveal details of key insurance market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the China insurance market with five year forecasts

Reasons to buy

- What was the size of the China insurance market by value in 2018?

- What will be the size of the China insurance market in 2023?

- What factors are affecting the strength of competition in the China insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in China's insurance market?

Companies mentioned

Ping An Insurance (Group) Company of China, Ltd.

China Life Insurance Co Ltd

The People's Insurance Company (Group) of China Ltd

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market share

1.6. Market rivalry

1.7. Competitive Landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share

7.2. Who are the leading players?

7.3. What strategies do the leading players follow?

7.4. Has there been any M&A activity in recent years?

8 Company Profiles

8.1. Ping An Insurance (Group) Company of China, Ltd.

8.2. China Life Insurance Co Ltd

8.3. The People's Insurance Company (Group) of China Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: China insurance market value: $ billion, 2014-18

Table 2: China insurance market category segmentation: $ billion, 2018

Table 3: China insurance market geography segmentation: $ billion, 2018

Table 4: China insurance market value forecast: $ billion, 2018-23

Table 5: China insurance market share: % share, by value, 2018

Table 6: Ping An Insurance (Group) Company of China, Ltd.: key facts

Table 7: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios

Table 8: Ping An Insurance (Group) Company of China, Ltd.: Key Employees

Table 9: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued

Table 10: China Life Insurance Co Ltd: key facts

Table 11: China Life Insurance Co Ltd: Annual Financial Ratios

Table 12: China Life Insurance Co Ltd: Key Employees

Table 13: The People's Insurance Company (Group) of China Ltd: key facts

Table 14: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios

Table 15: The People's Insurance Company (Group) of China Ltd: Key Employees

Table 16: China size of population (million), 2014-18

Table 17: China gdp (constant 2005 prices, $ billion), 2014-18

Table 18: China gdp (current prices, $ billion), 2014-18

Table 19: China inflation, 2014-18

Table 20: China consumer price index (absolute), 2014-18

Table 21: China exchange rate, 2014-18

List of Figures

List of Figures

Figure 1: China insurance market value: $ billion, 2014-18

Figure 2: China insurance market category segmentation: % share, by value, 2018

Figure 3: China insurance market geography segmentation: % share, by value, 2018

Figure 4: China insurance market value forecast: $ billion, 2018-23

Figure 5: Forces driving competition in the insurance market in China, 2018

Figure 6: Drivers of buyer power in the insurance market in China, 2018

Figure 7: Drivers of supplier power in the insurance market in China, 2018

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in China, 2018

Figure 9: Factors influencing the threat of substitutes in the insurance market in China, 2018

Figure 10: Drivers of degree of rivalry in the insurance market in China, 2018

Figure 11: China insurance market share: % share, by value, 2018

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