Booming China Insurance Sector : Market Research Report

Booming China Insurance Sector

Published by: RNCOS

Published: Nov. 1, 2008 - 65 Pages

The price of this report has been reduced due to its age.

1. Analyst View
2. China - A Fast Growing Economy: 2.1 GDP Growth & Structure; 2.2 Population Growth & Structure; 2.3 Income Growth & Structure
3. China Insurance Market - Current Scenario
4. Market Performance: 4.1 By Personal Insurance; 4.2 By Property Insurance; 4.3 By Distribution Network; 4.4 By Province
5. Reinsurance Market
6. Foreign Insurers in China - An Analysis
7. Government Reforms & their Effect on Insurance Market
8. Key Growth Prospects: 8.1 Investment-oriented Insurance Products; 8.2 Agriculture & Livestock Insurance; 8.3 Health Insurance; 8.4 Pension Insurance; 8.5 Reinsurance; 8.6 Online Insurance Marketing
9. Market Roadblocks: 9.1 Cultural Barriers; 9.2 Income Disparities; 9.3 Consumer Awareness; 9.4 Shortage of Qualified Personnel
10. Key Market Contributors: 10.1 China Life Insurance Company Limited; 10.2 PICC Property & Casualty Limited; 10.3 Ping An Insurance (Group) Co; 10.4 China Pacific Insurance (Group) Co. Ltd
List of Figures:: Figure 2-1: China - Per Head GDP (in US$), 2000-2007E; Figure 2-2: China - GDP Mix by Sector (%), 2007; Figure 2-3: China - Population (in Million), 2001-2007E; Figure 2-4: China - Urban & Rural Population Split (%), 2001-2007; Figure 2-5: China - Per Head Disposable Income (in US$), 2001-2007E; Figure 2-6: China - Forecast for Per Head Disposable Income (in US$), 2008-2012; Figure 3-1: China - Number of Personal & Property Insurers (2002-2007); Figure 3-2: China - Insurance Premium Income (in Billion RMB), 2002-2007; Figure 3-3: China - Breakup of Insurance Premium Income (%), 2007; Figure 4-1: China - Personal Insurance Premium Income (in Billion RMB), 2002-2007; Figure 4-2: China - Forecast for Personal Insurance Premium Income (in Billion RMB), 2008-2012; Figure 4-3: China - Breakup of Personal Insurance Premium Income (%), 2007; Figure 4-4: China - Market Share of Leading Personal Insurers (%), 2007; Figure 4-5: China - Personal Insurance Claims Paid (in Billion RMB), 2006 & 2007; Figure 4-6: China - Life Insurance Premium Income (in Billion RMB), 2006 & 2007; Figure 4-7: China - Forecast for Life Insurance Premium Income (in Billion RMB), 2008-2012; Figure 4-8: China - Life Insurance Claims Paid (in Billion RMB), 2006 & 2007; Figure 4-9: China - Health Insurance Premium Income (in Billion RMB), 2006 & 2007; Figure 4-10: China - Health Insurance Claims Paid (in Billion RMB), 2006 & 2007; Figure 4-11: China - Personal Accident Insurance Premium Income (in Billion RMB), 2006 & 2007; Figure 4-12: China - Personal Accident Insurance Claims Paid (in Billion RMB), 2006 & 2007; Figure 4-13: China - Property Insurance Premium Income (in Billion RMB), 2002-2007; Figure 4-14: China - Forecast for Property Insurance Premium Income (in Billion RMB), 2008-2012; Figure 4-15: China - Breakup of Property Insurance Premium (%), 2007; Figure 4-16: China - Market Share of Leading Property Insurers (%), 2007; Figure 4-17: China - Property Insurance Claims Paid (in Billion RMB), 2006 & 2007; Figure 4-18: China - Motor Insurance Premium Income (in Billion RMB), 2007 & 2012F; Figure 4-19: China - Vehicle Sales (in Million Units), 2001-2007; Figure 4-20: Beijing - Vehicle Sales (in Million Units), 2001-2007; Figure 4-21: China - Commercial Property Insurance Premium Income (in Billion RMB), 2003-2007E; Figure 4-22: China - Forecast for Commercial Property Insurance Premium Income (in Billion RMB), 2008-2012; Figure 4-23: China - Agriculture Insurance Premium Income (in Billion RMB), H1 2006 & H1 2007; Figure 4-24: China - Personal Insurance Premium Earned via Agency Network (%), 2006; Figure 4-25: China - Personal Insurance Premium Earned via Bancassurance (%), 2007; Figure 4-26: China - Personal Insurance Premium Earned via Corporate Agents/Brokers (%), 2006; Figure 4-27: China - Insurance Premium by Province (%), 2007; Figure 4-28: China - Personal Insurance Premium by Province (%), 2007; Figure 4-29: China - Property Insurance Premium by Province (%), 2007; Figure 5-1: China - Reinsurance Demand (in Billion RMB), 2005 & 2010F; Figure 8-1: China - Personal Insurance Penetration w.r.t Other Countries (%), 2007; Figure 8-2: China - Share of Investment-oriented Products in Personal Insurance Premium (%), H1 2008; Figure 8-3: China - Agriculture Insurance Premium Income (in Million RMB), 2006 & 2010F; Figure 8-4: China - Health Insurance Premium Income (in Billion RMB), 2007 & 2010F; Figure 8-5: China - Per Head Healthcare Spending (in US$), 2007 & 2010F; Figure 8-6: China - Forecast for Male & Female Life Expectancies (in Years), 2008-2012; Figure 8-7: China - Reinsurance Premium Income (in Billion RMB), 2004 & 2010F; Figure 8-8: China - Forecast for Internet Users (in Million), 2008-2012; Figure 9-1: China - Average Personal Income in Urban & Rural Areas (in RMB), 2002-2007
List of Tables:: Table 2-1: Global - Top Ten Countries by GDP (in Trillion US$), 2007; Table 4-1: China - Top Ten Provinces by Insurance Premium (in Billion RMB), 2007; Table 4-2: China - Top Ten Provinces by Personal Insurance Premium (in Billion RMB), 2007; Table 4-3: China - Top Ten Provinces by Property Insurance Premium (in Billion RMB), 2007; Table 6-1: China - Top Five Foreign Life Insurers by Premium Income (in Billion RMB), 2007; Table 6-2: China - Top Five Foreign Non-life Insurers by Premium Income (in Billion RMB), 2007

Abstract

China is one of the largest untapped and fastest growing insurance markets in the world. With rapid economic development and a burgeoning consumer class, China has the potential to become one of the most significant insurance markets in the world. Driven by a variety of demographic, economic and regulatory factors, this growth should continue at a solid pace in the foreseeable future, says our recent research report, “Booming China Insurance Sector”.

Exploring the market development and potential, this research report offers objective analysis on China’s insurance industry. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a guide to the direction in which the market is likely to move in future. This report therefore serves to provide foreign investors with an in-depth understanding of China’s insurance market.

Key findings of the report are:

Personal insurance premium income is forecasted to grow at a CAGR of about 24% during our forecast period spanning from 2008 to 2012.
Life insurance premium income is expected to rise to about RMB 1384 Billion by the end of 2012, growing at CAGR of about 25.5%.
Growing role of bancassurance and investment-linked insurance products will decide the future of life insurance industry in the country.
Property insurance premium income is forecasted to grow at CAGR of about 21% during 2008-2012.
Booming China’s automobile (including two- and three-wheelers) industry will continue driving country’s property insurance market during the forecast period.

Report features:

Detailed analysis on the current status of insurance market in China.
Overview on the fastest growing products.
Future outlook of the Chinese insurance market.
Growth prospects and major roadblocks in the market.

Major players discussed in the report are:

This section provides an insight on key players in the insurance market of China. These include China Life Insurance Company Limited, PICC Property & Casualty Ltd, Ping An Group and China Pacific Insurance (Group) Co. Ltd.

Information in the report has been sourced from:

Books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.

Research methodology used in the report is:

RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.

Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.

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Booming China Insurance Sector

Table of Contents

Abstract