Non-Life Insurance Market in China to 2017
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Non-Life Insurance Market in China @ http://www.researchmoz.us/non-life-insurance-in-china-key-trends-and-opportunities-to-2017-report.html

Undeterred by the economic slowdown and weak global market conditions, the Chinese non-life segment recorded a review-period CAGR of 22.8%, with gross written premiums reaching CNY521.1 billion (US$82.6 billion) in 2012. As of 2012, 59 non-life insurers were active in China. Of those, 38 were domestic and 21 were foreign. The five leading firms accounted for around 74% of the total gross written premium.

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Non-Life Insurance Market in China to 2017 Document Transcript

  • 1. Non-Life Insurance in China, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Chinese non-life insurance segment, including: The Chinese non-life insurance segment’s growth prospects by non-life insurance categories The various distribution channels in the Chinese non-life insurance segment The competitive landscape in the non-life insurance segment in China A description of the non-life reinsurance segment in China Detailed analysis of the regulatory framework in China Executive summary Undeterred by the economic slowdown and weak global market conditions, the Chinese non-life segment recorded a review-period CAGR of 22.8%, with gross written premiums reaching CNY521.1 billion (US$82.6 billion) in 2012. As of 2012, 59 non-life insurers were active in China. Of those, 38 were domestic and 21 were foreign. The five leading firms accounted for around 74% of the total gross written premium. Motor insurance was the largest category in the segment in 2012, accounting for 76.7% of the total gross written premium. The recent liberalization of foreign investment laws, rapid urbanization and development of agriculture insurance will support the growth of the non-life segment over the forecast period. Scope This report provides a comprehensive analysis of the non-life insurance segment in China: It provides historical values for China’s non-life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period It offers a detailed analysis of the key sub-segments in China’s non-life insurance segment, along with market forecasts until 2017 It covers an exhaustive list of parameters including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions It analyses the various distribution channels for non-life insurance products in China Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in China for the non-life insurance segment It provides a detailed analysis of the reinsurance segment in China and its growth prospects It profiles the top non-life insurance companies in China and outlines the key regulations affecting them Reasons to buy Make strategic business decisions using historic and forecast market data related to the Chinese non-life insurance segment and each sector within it Understand the demand-side dynamics, key trends and growth opportunities within the Chinese non-life insurance segment Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment Identify the growth opportunities and segment dynamics within key product categories Gain insights into key regulations governing the Chinese insurance industry and its impact on companies and future trends Key highlights The Chinese non-life segment recorded a review-period CAGR of 22.8%, with gross written premiums reaching CNY521.1 billion (US$82.6 billion) in 2012. State-owned and domestic insurers dominate the segment with foreign insurers representing 1% of the total gross written premium. Motor insurance was the Non-Life Insurance in China, Key Trends and Opportunities to 2017
  • 2. largest category in the segment in 2012, accounting for 76.7% of the total gross written premium. The Chinese non-life insurance segment is highly concentrated, with the five leading firms accounting for around 74% of the total gross written premium in 2012. Liberalization of foreign investment laws, rapid urbanization and development of agriculture insurance will support the growth of the non-life segment over the forecast period. table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Regional Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Non-life Insurance 4.1 Scale And Penetration 4.1.1 Total Market Gross Written Premium 4.1.2 Premium Per Capita 4.1.3 Non-life Insurance Penetration (as A Percentage Of Gdp) 4.2 Growth 4.2.1 Gross Written Premium 4.2.2 Gross Written Premium Per Capita 4.3 Efficiency And Risk 4.3.1 Loss Ratio 4.3.2 Combined Ratio 4.3.3 Incurred Losses Per Capita 4.3.4 Incurred Losses As A Percentage Of Gdp 4.4 Distribution Channels 4.4.1 Direct Marketing 4.4.2 Bancassurance 4.4.3 Agencies Non-Life Insurance in China, Key Trends and Opportunities to 2017
  • 3. 5 Chinese Insurance Industry Attractiveness 5.1 Insurance Industry Size, 2008–2017 5.2 Key Industry Trends And Drivers 6 Non-life Insurance Outlook 6.1 Non-life Insurance Growth Prospects By Category 6.1.1 Property Insurance 6.1.2 Fire And Allied Perils Insurance 6.1.3 Engineering Insurance 6.1.4 Agriculture Insurance 6.1.5 Other Property Insurance 6.2 Motor Insurance 6.2.1 Motor Hull 6.2.2 Motor Third-party 6.3 General Third-party Insurance 6.4 Marine, Aviation And Transit Insurance 6.4.1 Marine Insurance 6.4.2 Marine Hull 6.4.3 Marine Third-party Insurance 6.4.4 Aviation Insurance 6.4.5 Transit Insurance 7 Analysis By Distribution Channels 7.1 Direct Marketing 7.2 Bancassurance 7.3 Agencies 7.4 E-commerce 7.5 Brokers 7.6 Other Channels 8 Porter’s Five Forces Analysis – Chinese Non-life Insurance Segment 8.1 Bargaining Power Of Supplier: Medium To High 8.2 Bargaining Power Of Buyer: Medium To High 8.3 Barriers To Entry: Low To Medium 8.4 Intensity Of Rivalry: High 8.5 Threat Of Substitutes: Low 9 Reinsurance Growth Dynamics And Challenges 9.1 Reinsurance Segment Size, 2008–2017 Non-Life Insurance in China, Key Trends and Opportunities to 2017
  • 4. 9.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017 10 Governance, Risk And Compliance 10.1 Legislation Overview And Historical Evolution 10.2 Legislation Trends By Type Of Insurance 10.2.1 Life Insurance Regulatory Trends 10.2.2 Property Insurance Regulatory Trends 10.2.3 Liability Insurance Regulatory Trends 10.2.4 Motor Insurance Regulatory Trends 10.2.5 Marine, Aviation And Transit Insurance Regulatory Trends 10.2.6 Personal Accident Insurance Regulatory Trends 10.2.7 Health Insurance Regulatory Trends 10.3 Compulsory Insurance 10.3.1 Third-party Motor Insurance 10.3.2 Compulsory Environmental Insurance 10.4 Supervision And Control 10.4.1 International Association Of Insurance Supervisors (iaias) 10.4.2 China Insurance Regulatory Commission (circ) 10.5 Non-admitted Insurance Regulatory Trends 10.5.1 Overview 10.5.2 Intermediaries 10.5.3 Market Practices 10.5.4 Fines And Penalties 10.6 Company Registration And Operations 10.6.1 Types Of Insurance Organization 10.6.2 Establishing A Local Company 10.6.3 Foreign Ownership 10.6.4 Types Of License 10.6.5 Capital Requirements 10.6.6 Solvency Margins 10.6.7 Reserve Requirements 10.6.8 Investment Regulation 10.6.9 Policy Terms And Conditions 10.7 Taxation 10.7.1 Insurance Premium Or Policy Taxation 10.7.2 Corporate Tax 10.7.3 Vat 10.7.4 Captives 10.8 Legal System 10.8.1 Introduction 10.8.2 Access To Courts 10.8.3 Alternative Dispute Resolution (adr) Non-Life Insurance in China, Key Trends and Opportunities to 2017
  • 5. 11 Competitive Landscape And Strategic Insights 11.1 Overview 11.2 Leading Companies In The Chinese Non-life Insurance Segment 11.3 Picc Property And Casualty Company Ltd – Company Overview 11.3.1 Picc Property And Casualty Company Ltd– Key Facts 11.3.2 Picc Property And Casualty Company Ltd – Key Financials 11.4 Ping An Property And Casualty Insurance Company – Company Overview 11.4.1 Ping An Property And Casualty Insurance Company – Key Facts 11.4.2 Ping An Property And Casualty Insurance Company – Key Financials 11.5 China Pacific Insurance (group) Co., Ltd (cpic) – Company Overview 11.5.1 China Pacific Insurance (group) Co., Ltd (cpic) – Key Facts 11.5.2 China Pacific Insurance (group) Co., Ltd (cpic) – Key Financials 11.6 China United Property Insurance Company – Company Overview 11.6.1 China United Property Insurance Company – Key Facts 11.6.2 China United Property Insurance Company – Key Financials 11.7 China Life Property And Casualty Insurance Company Ltd – Company Overview 11.7.1 China Life Property And Casualty Insurance Company Ltd – Key Facts 11.8 China Continent Property And Casualty Insurance Company Ltd – Company Overview 11.8.1 China Continent Property And Casualty Insurance Company Ltd – Key Facts 11.9 Sunshine Property And Casualty Insurance Co. Ltd – Company Overview 11.9.1 Sunshine Property And Casualty Insurance Co. Ltd – Key Facts 11.9.2 Sunshine Property And Casualty Insurance Co. Ltd – Key Financials 11.1 China Export And Credit Insurance Corporation – Company Overview 11.10.1 China Export And Credit Insurance Corporation – Key Facts 11.11 Tian An Insurance Co. Ltd – Company Overview 11.11.1 Tian An Insurance Co. Ltd – Key Facts 11.11.2 Tian An Insurance Co. Ltd – Key Financials 11.12 Taiping General Insurance Company Ltd – Company Overview 1.1.1 Taiping General Insurance Company Ltd – Key Facts 1.1.2 Taiping General Insurance Company Ltd – Key Financials 12 Business Environment And Country Risk 12.1 Business Confidence 12.1.1 Market Capitalization Trend – Shanghai Stock Exchange, China 12.2 Economic Performance 12.2.1 Net Foreign Direct Investment 12.2.2 Gdp At Constant Prices (us$) 12.2.3 Gdp Per Capita At Constant Prices (us$) 12.2.4 Gdp At Current Prices (us$) 12.2.5 Gdp Per Capita At Current Prices (us$) Non-Life Insurance in China, Key Trends and Opportunities to 2017
  • 6. 12.2.6 Gdp By Key Segments 12.2.7 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$) 12.2.8 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp 12.2.9 Manufacturing Net Output At Current Prices (us$) 12.2.10 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 12.2.11 Mining, Manufacturing And Utilities At Current Prices (us$) 12.2.12 Mining, Manufacturing And Utilities At Current Prices As A Percentage Of Gdp 12.2.13 Construction Net Output At Current Prices, (us$) 12.2.14 Construction Net Output At Current Prices As A Percentage Of Gdp 12.2.15 Inflation Rate 12.2.16 Current Account Balance As A Percentage Of Gdp 12.2.17 Exports As A Percentage Of Gdp 12.2.18 Imports As A Percentage Of Gdp 12.2.19 Exports Growth 12.2.20 Imports Growth 12.2.21 External Debt As A Percentage Of Gdp 12.3 Infrastructure Quality And Availability 12.3.1 Commercial Vehicles Exports – Total Value 12.3.2 Commercial Vehicles Imports – Total Value 12.3.3 Automotive Exports – Total Value 12.3.4 Automotive Imports – Total Value 12.3.5 Life Expectancy 12.3.6 Total Internet Subscribers 12.4 Labor Force 12.4.1 Unemployment Rate 12.5 Demographics 12.5.1 Household Consumption Expenditure (us$) 12.5.2 Total Population 12.5.3 Urban And Rural Populations 12.5.4 Females As A Percentage Of The Population 12.5.5 Males As A Percentage Of The Population 12.5.6 Median Age Of The Population 12.5.7 Age Distribution Of The Total Population 12.5.8 Number Of Households 13 Appendix 13.1 Methodology 13.2 Contact Timetric 13.3 About Timetric 13.4 Timetric’s Services 13.5 Disclaimer Non-Life Insurance in China, Key Trends and Opportunities to 2017
  • 7. ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Non-Life Insurance in China, Key Trends and Opportunities to 2017