Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the China insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
The Chinese insurance market had total gross written premiums of $466.0bn in 2016, representing a compound annual growth rate (CAGR) of 18.9% between 2012 and 2016.
The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $262.5bn, equivalent to 56.3% of the market's overall value.
The increasing urbanization and educational attainment of the Chinese population in recent times has improved its awareness of insurance products for mitigating risks and investing available income. Accordingly, the demand for standard classes of insurance products such as motor and property insurance has peaked, whilst demand has also emerged for more dispensable insurance products such as life, healthcare and pension schemes.
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What was the size of the China insurance market by value in 2016?
What will be the size of the China insurance market in 2021?
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?