China Insurance Market Outlook to 2016 - Driven By Automobile Insurance Market

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“Rising population with the increasing awareness, increasing personal disposable income with improving economic conditions and favorable government policies are expected to drive China insurance market positively from 2013-2016.” According to the Research Analyst, Ken Research

The report titled China Insurance Market Outlook to 2016 - Driven By Automobile Insurance Market provides a comprehensive analysis of market size of the Asia-Pacific insurance industry, market segmentation of Asia-Pacific insurance industry by geography. The report includes market size of the China insurance industry, market segmentation of non-life China insurance market and market size and segmentation of various non life segments. The report also provides value chain of China insurance market, competitive landscape and profile of major players operating in China insurance industry

For more information on the industry research report please refer to the below mentioned link:

http://www.kenresearch.com/banking-financial-services--insurance-bfsi-/insurance/368-93/China-Insurance-Market-Outlook-to-2016.html

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China Insurance Market Outlook to 2016 - Driven By Automobile Insurance Market

  1. 1. 1© This is a licensed product of Ken Research and should not be copied
  2. 2. TABLE OF CONTENTS1. Asia-Pacific Insurance Industry1.1. Industry Introduction1.2. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P1.3. Asia-Pacific Insurance Market Segmentation1.3.1. By Geography, 2005-2012P1.3.2. By Life and Non Life, 2005-2012P1.4. Asia-Pacific Insurance Industry Future Outlook1.4.1. By Geography, 2013-20163. China Insurance Industry3.1. China Insurance Value Chain3.2. China Insurance Market Size by Direct Written Premium, 2005-20124. China Insurance Government Regulations5. China Life Insurance Market5.1. China Life Insurance Market Size, 2005-20125.2. China Life insurance Claim Paid, 2005-20125.3. Market Share of Major Life Insurers in China, 20125.4. China Life Insurance Market Future Outlook and Projection, 2013-20166. China Non-Life Insurance Market6.1. China Non-Life Insurance Market Size, 2005-20127. Non-Life Insurance Segmentation, 2005-20127.1. China Property and Casualty Insurance Industry7.1.1. China Property and Casualty Insurance Market Size, 2005-20127.1.2. China Property and Casualty insurance Claim Paid, 2005-20127.1.3. Property and Casualty Insurance Segmentation, 2005-20127.1.4. Market Share of Major Property and Casualty Insurers in China, 2012 2 © This is a licensed product of Ken Research and should not be copied
  3. 3. 7.1.5. China Property and Casualty Insurance Market Future Outlook and Projection, 2013-20167.2. China Motor Insurance Industry7.2.1. China Motor Insurance Market Size, 2005-20127.2.2. China Motor Insurance Market Future Outlook and Projection, 2013-20167.3. China Commercial Property Insurance Industry7.3.1. China Commercial Property Insurance Market Size, 2005-20127.3.2. China Commercial Property Insurance Market Future Outlook and Projection, 2013-20167.4. China Agricultural Insurance Industry7.4.1. China Agricultural Insurance Market Size, 2005-20127.4.2. China Agricultural Insurance Market Future Outlook and Projection, 2013-20167.5. China Liability Insurance Industry7.5.1. China Liability Insurance Market Size, 2005-20127.5.2. China Liability Insurance Market Future Outlook and Projection, 2013-20167.6. China Credit Insurance Industry7.6.1. China Credit Insurance Market Size, 2005-20127.6.2. China Credit Insurance Market Future Outlook and Projection, 2013-20167.7. China Accident Insurance Industry7.7.1. China Accident Insurance Market Size, 2005-20127.7.2. China Accident Insurance Market Future Outlook and Projection, 2013-20167.8. China Cargo Insurance Industry7.8.1. China Cargo Insurance Market Size, 2005-20127.8.2. China Cargo Insurance Market Future Outlook and Projection, 2013-20167.9. China Health Insurance Industry7.9.1. China Health Insurance Market Size, 2005-20127.9.2. China Health insurance Claim Paid, 2005-2012 3 © This is a licensed product of Ken Research and should not be copied
  4. 4. 7.9.3. China Health Insurance Market Future Outlook and Projection, 2013-20167.10. Market Share of Major Non Life Insurers in China, 20117.11. China Non-Life Insurance Market Future Outlook and Projection, 2013-20168. China Insurance Industry Trends and Developments9. China Insurance Industry Future Projections, 2013-20169.1. Cause and Effect Relationship Between Dependent and Independent Factors Prevailing inChina Insurance Market10. Company Profile of Major Players in China Life Insurance Industry10.1. China Life Insurance10.1.1. Company Profile10.1.2. Business Strategies10.1.3. Financial Performance10.2. Ping An Life Insurance10.2.1. Company Profile10.2.2. Business Strategies10.2.3. Financial Performance10.3. New China Life Insurance10.3.1. Company Profile10.3.2. Business Strategies10.3.3. Financial Performance11. Company Profile of Major Players in China Non-Life Insurance Industry11.1. Public Insurance Company of China (PICC)11.1.1. Company Profile11.1.2. Business Strategies11.1.3. Financial Performance11.2. China Pacific Insurance (CPIC) 4 © This is a licensed product of Ken Research and should not be copied
  5. 5. 11.2.1. Company Profile11.2.2. Business Strategies11.2.3. Financial Performance12. China Insurance Industry Macro-Economic Indicators: Historical and Projections12.1. China Population, 2005-201612.2. GDP of China, 2005-201612.3. Healthcare Expenditure of China, 2005-201612.4. Total Vehicle in Use in China, 2007-201613. Appendix13.1. Market Definitions13.2. Abbreviations13.3. Research MethodologyData Collection MethodsApproachVariables (Dependent and Independent)Multi Factor Based Sensitivity ModelFinal Conclusion13.4. Disclaimer 5 © This is a licensed product of Ken Research and should not be copied
  6. 6. LIST OF FIGURESFigure 1: Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium in USDMillion, 2005-2012PFigure 2: Asia-Pacific Insurance Market Segmentation by Life and non Life on the Basis ofDirect Written Premium in Percentage, 2005-2012PFigure 3: Insurance Value ChainFigure 4: China Insurance Market Size on the Basis of Direct Written Premium in USD Million,2005-2012Figure 5: China Life Insurance Market Size on the Basis of Direct Written Premium in USDMillion, 2005-2012Figure 6: China Life Insurance Market Claim Paid on the Basis of Direct Written Premium inUSD Million, 2005-2012Figure 7: Market Share of Major Life Insurers on the Basis of Direct Written Premium inPercentage, 2012Figure 8: China Life Insurance Market Projections on the Basis of Direct Written Premium inUSD Million, 2013-2016Figure 9: China Non Life Insurance Market Size on the Basis of Direct Written Premium in USDMillion, 2005-2012Figure 10: China Non life Insurance Market Segmentation by Property and Casualty and HealthInsurance on the Basis of Direct Written Premium in Percentage, 2005-2012Figure 11: China Property and Casualty Insurance Market Size on the Basis of Direct WrittenPremium in USD Million, 2005-2012Figure 12: China Property and Casualty Insurance Market Claim Paid on the Basis of DirectWritten Premium in USD Million, 2005-2012Figure 13: China Property and Casualty Insurance Market Segmentation by Motor, CommercialProperty, Agricultural, Liability, Credit, Accident, Cargo and Others Insurance on the Basis ofDirect Written Premium in Percentage, 2005-2012Figure 14: Market Share of Major Property and Casualty Insurers on the Basis of Direct WrittenPremium in Percentage, 2012Figure 15: China Property and Casualty Insurance Market Projections on the Basis of DirectWritten Premium in USD Million, 2013-2016 6 © This is a licensed product of Ken Research and should not be copied
  7. 7. Figure 16: China Motor Insurance Market Size on the Basis of Direct Written Premium in USDMillion, 2005-2012Figure 17: China Motor Insurance Market Projections on the Basis of Direct Written Premium inUSD Million, 2013-2016Figure 18: China Commercial Property Insurance Market Size on the Basis of Direct WrittenPremium in USD Million, 2005-2012Figure 19: China Commercial Property Insurance Market Projections on the Basis of DirectWritten Premium in USD Million, 2013 -2016Figure 20: China Agricultural Insurance Market Size on the Basis of Direct Written Premium inUSD Million, 2005-2012Figure 21: China Agricultural Insurance Market Projections on the Basis of Direct WrittenPremium in USD Million, 2013-2016Figure 22: China Liability Insurance Market Size on the Basis of Direct Written Premium inUSD Million, 2005-2012Figure 23: China Liability Insurance Market Projections on the Basis of Direct Written Premiumin USD Million, 2013-2016Figure 24: China Credit Insurance Market Size on the Basis of Direct Written Premium in USDMillion, 2005-2012Figure 25: China Credit Insurance Market Projections on the Basis of Direct Written Premium inUSD Million, 2013-2016Figure 26: China Accident Insurance Market Size on the Basis of Direct Written Premium inUSD Million, 2005-2012Figure 27: China Accident Insurance Market Projections on the Basis of Direct Written Premiumin USD Million, 2013-2016Figure 28: China Cargo Insurance Market Size on the Basis of Direct Written Premium in USDMillion, 2005-2012Figure 29: China Cargo Insurance Market Projections on the Basis of Direct Written Premium inUSD Million, 2013-2016Figure 30: China Health Insurance Market Size on the Basis of Direct Written Premium in USDMillion, 2005-2012 7 © This is a licensed product of Ken Research and should not be copied
  8. 8. Figure 31: China Health Insurance Market Claim Paid on the Basis of Direct Written Premium inUSD Million, 2005-2012Figure 32: China Health Insurance Market Projections on the Basis of Direct Written Premium inUSD Million, 2013-2016Figure 33: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium inPercentage, 2011Figure 34: China Non life Insurance Market Projections on the Basis of Direct Written Premiumin USD Million, 2013-2016Figure 35: China Insurance Market Projections on the Basis of Direct Written Premium in USDMillion, 2013-2016Figure 36: China Life Insurance Net Written Premium of China Life Insurance Company in USDMillion, 2006-2012Figure 37: China Life Insurance Premium Income of Ping An Life Insurance in USD Million,2008-2012Figure 38: China Life Insurance Premium Income of New China Life Insurance in USD Million,2006-2012Figure 39: China Life Insurance Premium Income of Public Insurance Company of China inUSD Million, 2005-2011Figure 40: China Life Insurance Gross Written Premium of China Pacific Insurance in USDMillion, 2008-2011Figure 41: China Population in Million, 2005-2016Figure 42: GDP of China in USD Million, 2005-2016Figure 43: Healthcare Expenditure of China in USD Million, 2005-2016Figure 44: Total Vehicle in Use in China in Million, 2007-2016 8 © This is a licensed product of Ken Research and should not be copied
  9. 9. LIST OF TABLESTable 1: Asia-Pacific Insurance Market Segmentation by Countries on the Basis of DirectWritten Premium in USD Billion, 2005 -2012PTable 2: Asia-Pacific Insurance Market Segmentation by Life and Non Life on the Basis ofDirect Written Premium in USD Billion, 2005 -2012PTable 3: Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct WrittenPremium in USD Million, 2013-2016Table 4: Market Share of Major Life Insurers on the Basis of Direct Written Premium in USDMillion, 2012Table 5: Market Share of Major Property and Casualty Insurers on the Basis of Direct WrittenPremium in USD Million, 2012Table 6: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium inUSD Million, 2011Table 7: Cause and Effect Relationship Analysis between Industry Factors and ExpectedIndustry Prospects of China Insurance MarketTable 8: Correlation Matrix of China Insurance IndustryTable 9: Regression Coefficients Output of China Insurance Industry 9 © This is a licensed product of Ken Research and should not be copied
  10. 10. ASIA-PACIFIC INSURANCE MARKET SIZE BY DIRECT WRITTENPREMIUM, 2005-2012PThe insurance market in Asia-Pacific region has grown remarkably over the past few years dueto the growth in the emerging markets such as China, Japan, India, Australia, Taiwan and SouthKorea. The countries in the Asia-Pacific region are at different stages of economic developmentunlike the European countries and the US which has created significant opportunities for theinsurers in the region in order to serve the financial needs of the customers. The market in theregion has grown at a CAGR of 11.9% from USD ~ million in 2005 to USD ~million in 2012…Figure: Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium inUSD Million, 2005-2012P 16,00,000.0 14,00,000.0 12,00,000.0USD Million 10,00,000.0 8,00,000.0 6,00,000.0 4,00,000.0 2,00,000.0 0.0 2005 2006 2007 2008 2009 2010 2011 2012P 10 © This is a licensed product of Ken Research and should not be copied
  11. 11. ASIA-PACIFIC INSURANCE MARKET SEGMENTATIONBY GEOGRAPHY, 2005-2012PAsia-Pacific insurance industry is majorly contributed by 6 major countries such as Japan, China,South Korea, Taiwan, India and Australia with the share of ~% in 2012. Japan insurance market is the second largest in the world with the contribution ofChina insurance industry is one of more than ~% in 2012…. The China insurance industry isthe predominant markets in the one of the predominant markets in the insurance industryinsurance industry in the Asia- in the Asia-Pacific region with a contribution of ~% of thePacific region with a contribution direct written premium in the region in 2012…of ~% of the direct writtenpremium in the region in 2012. South Korea is the third largest market with a contribution of ~% in 2012. The country insurance sector is morecomplicated with limited growth opportunities in comparison with the growing market in theregion such as China and India…Table: Asia-Pacific Insurance Market Segmentation by Countries on the Basis of DirectWritten Premium in USD Billion, 2005-2012PCountries 2005 2006 2007 2008 2009 2010 2011 2012PJapanChinaSouthKoreaTaiwanIndiaAustraliaHongKongSingaporeThailandMalaysia 11 © This is a licensed product of Ken Research and should not be copied
  12. 12. IndonesiaNewZealandPhilippinesVietnamPakistanKazakhstanBangladeshSri LankaTotal 12 © This is a licensed product of Ken Research and should not be copied
  13. 13. CHINA INSURANCE INDUSTRYCHINA INSURANCE MARKET SIZE BY DIRECT WRITTENPREMIUM, 2005-2012The Chinese insurance industry has seen rapid expansion during 2005-2012 and will continue tosee high growth rates in the next few years. The insurance market in the country has witnessed acompound annual growth rate of ~% in the last seven years and has recorded direct writtenpremium of USD ~ million in 2012…Figure: China Insurance Market Size on the Basis of Direct Written Premium in USDMillion, 2005-2012 3,00,000.0 2,50,000.0 2,00,000.0 USD Million 1,50,000.0 1,00,000.0 50,000.0 0.0 2005 2006 2007 2008 2009 2010 2011 2012Note:Life Insurance is in Premium IncomeNon-Life Insurance is in Premium Income 13 © This is a licensed product of Ken Research and should not be copied
  14. 14. CHINA LIFE INSURANCE MARKETCHINA LIFE INSURANCE CLAIM PAID, 2005-2012 China has been the world’s most existing marketplace for China life insurance industry has global insurers for a decade and it looks set to retain its paid a claim of USD 20,128.2 status in the near future. The country life insurance million in 2011 due to an occurrence of natural disaster in industry has experienced an incline in claim paid from mainland China in the first half of USD ~ million in 2010 to USD ~ million in 2011…. 2011. .Figure: China Life Insurance Market Claim Paid on the Basis of Direct Written Premiumin USD Million, 2005-2012 25,000.0 20,000.0 USD Million 15,000.0 10,000.0 5,000.0 0.0 2005 2006 2007 2008 2009 2010 2011 2012Note:Life Insurance is in Premium Income 14 © This is a licensed product of Ken Research and should not be copied
  15. 15. MARKET SHARE OF MAJOR LIFE INSURERS IN CHINA, 2012China life insurance industry is a concentrated market with top five players contributing around~% of the total life insurance direct written premium in 2012.China life is the leading player in China life insurance industry with the contribution ofapproximately ~% of the total direct written premium of the life insurance industry in China in2012….Figure 1: Market Share of Major Life Insurers on the Basis of Direct Written Premium inPercentage, 2012 China Life shares Ping An Life New China Life CPIC Life PICC Life Taikang TPL (Taiping Life) Sino Life OthersNote: Life Insurance is in Premium IncomeTable: Market Share of Major Life Insurers on the Basis of Direct Written Premium inUSD Million, 2012Players 2012China Life sharesPing An LifeNew China Life 15 © This is a licensed product of Ken Research and should not be copied
  16. 16. CPIC LifePICC LifeTaikangTPLSino LifeOthersTotalSource: Insurance Association of China and Ken ResearchNote:Life Insurance is in Premium IncomeCHINA NON-LIFE INSURANCE MARKETNON-LIFE INSURANCE SEGMENTATION, 2005-2012The country non life insurance market is dominated by property and casualty segment with the contribution of ~% in 2012… The motor vehicle is the China non life insurance market is leading contributor in property and casualty segment dominated by property and with the share of around ~% in 2012. The motor vehicle casualty segment with the insurance is divided into two types such as compulsory contribution of ~% in 2012. liability and voluntary insurance. The second largestcontributor in property and casualty segment is property with the share of approximately ~% in2012 followed by agricultural insurance with the share of ~% in 2012.The health insurance market contributes ~% of the non life insurance industry in China in 2012.The private health insurance coverage in the country has expanded and now it coversapproximately ~% of China’s population. The health insurance coverage in the country hasgrown at an impressive rate of ~% annually over the past 10 years. The number of healthinsurance plan in the country has also increased from around ~ in 2008 to over ~ in 2011. 16 © This is a licensed product of Ken Research and should not be copied
  17. 17. Figure 2: China Non life Insurance Market Segmentation by Property and Casualty andHealth Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012 100.0% 90.0% 80.0% In Percentage % 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 2005 2006 2007 2008 2009 2010 2011 2012 Health Property and CasualtyNote:Non-Life Insurance is in Premium IncomeCHINA PROPERTY AND CASUALTY INSURANCEINDUSTRYCHINA PROPERTY AND CASUALTY INSURANCE CLAIM PAID,2005-2012The Chinese property and casualty insurance industry has paid USD ~ million claims in 2011 inwhich approximately USD ~ was paid in August 2011 which was recorded as the highest claimpaid in the year…In 2009, the combined ratio of property and casualty insurance industry has improved to ~% andthis positive trend in the market is accelerated in 2010 and in the first half of 2011 in which theindustry has recorded the combined ratio of ~% and ~% respectively for the top three insurers inthe country which include PICC, Ping An Property and Casualty and CPIC Fiscal. 17 © This is a licensed product of Ken Research and should not be copied
  18. 18. Figure: China Property and Casualty Insurance Market Claim Paid on the Basis of DirectWritten Premium in USD Million, 2005-2012 50,000.0 45,000.0 40,000.0 35,000.0 USD Million 30,000.0 25,000.0 20,000.0 15,000.0 10,000.0 5,000.0 0.0 2005 2006 2007 2008 2009 2010 2011 2012Note:Property and Casualty Insurance is in Premium IncomeCHINA MOTOR INSURANCE INDUSTRYCHINA MOTOR INSURANCE MARKET FUTURE OUTLOOK ANDPROJECTION, 2013-2016…The country automobile insurance market is expected to earn direct written premium of USD~ million in 2016 which is up from USD ~ million in 2011. This is due to an expected increase inthe car ownership in the country as there are only 35 million cars for the population of ~ billionin 2011. 18 © This is a licensed product of Ken Research and should not be copied
  19. 19. Figure: China Motor Insurance Market Projections on the Basis of Direct WrittenPremium in USD Million, 2013-2016 1,80,000.0 1,60,000.0 1,40,000.0 1,20,000.0 USD Million 1,00,000.0 80,000.0 60,000.0 40,000.0 20,000.0 0.0 2013 2014 2015 2016Note:Motor Insurance is in Premium Income 19 © This is a licensed product of Ken Research and should not be copied
  20. 20. ASIA-PACIFIC INSURANCE INDUSTRY FUTUREOUTLOOK…Overall, the market of the Asia-Pacific insurance is expected to grow at a CAGR of 11.2%from 2013-2016. The market in the near future is expected to witness consolidation and highercompetition level with the entrance of more global players in the market…ASIA-PACIFIC INSURANCE INDUSTRY FUTURE PROJECTIONSBY GEOGRAPHY, 2013-2016The Asia-Pacific Insurance industry is expected to grow at a CAGR of 11.2% from 2013-2016on account of rising population in the emerging market of Asia such as India and China. It isanticipated that the total direct written premium of the insurance products will increase to USD ~million in 2016 from USD ~ million in 2012.Table: Asia-Pacific Insurance Market Projections by Countries on the Basis of DirectWritten Premium in USD Million, 2013-2016Countries 2013 2014 2015 2016JapanChinaSouth KoreaTaiwanIndiaAustraliaHong KongSingaporeThailand 20 © This is a licensed product of Ken Research and should not be copied
  21. 21. MalaysiaIndonesiaNew ZealandPhilippinesVietnamPakistanKazakhstanBangladeshSri LankaTotalCHINA INSURANCE INDUSTRY FUTURE PROJECTIONS,2013-2016In the base case scenario analysis the insurance industry in the country is expected to grow at aphenomenal rate of 17.7% in the next four years and is predicted to record the direct writtenpremium of USD ~ million in 2016…The worst case scenario analysis assumes that the country insurance market is anticipated togrow at a marginal rate of 6.9% from 2013-2016 in comparison to the historical years…The best case scenario analysis predicts the remarkable growth of 28.5% in the next five years.The country’s insurance market is expected to record direct written premium of USD ~ millionby 2016. 21 © This is a licensed product of Ken Research and should not be copied
  22. 22. Figure: China Insurance Market Projections on the Basis of Direct Written Premium inUSD Million, 2013-2016 8,00,000.0 7,00,000.0 6,00,000.0 5,00,000.0 USD Million 4,00,000.0 3,00,000.0 2,00,000.0 1,00,000.0 0.0 2013 2014 2015 2016 Worst Case Base Case Best CaseNote:Life Insurance is in Premium IncomeNon-Life Insurance is in Premium Income 22 © This is a licensed product of Ken Research and should not be copied
  23. 23. CAUSE AND EFFECT RELATIONSHIP BETWEEN DEPENDENT ANDINDEPENDENT FACTORS PREVAILING IN CHINA INSURANCEMARKETTable: Cause and Effect Relationship Analysis between Industry Factors and ExpectedIndustry Prospects of China Insurance MarketIndustry Factors Market Impact CommentsStrict GovernmentRegulations and  Cause:Support  Positive Effect:IncreasingPopulation  Cause:  Effect:Increasing  Cause:Consumer  Effect:SpendingIntensifying  Cause:Competition  Positive Effect:  Negative Effect:DISCLAIMERNo part of this manual or any material appearing may be reproduced, stored in or transmittedon any other Web site without written permission of Ken Research and any payments of aspecified fee. Requests to republish any material may be sent to us. 23 © This is a licensed product of Ken Research and should not be copied

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