Life Insurance & Pension in China
Description
Life Insurance & Pension in China
Summary
Life Insurance & Pension in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Life Insurance & Pension in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Life insurance is the financial cover for a contingency linked with human life, like death, disability, accident, retirement, etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household.
- The Chinese life insurance & pension market recorded gross written premiums of $459.7 billion in 2024, representing a compound annual growth rate (CAGR) of 6.9% between 2019 and 2024.
- The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $429.1 billion, equivalent to 93.3% of the market's overall value.
- In 2024, China accounted for 40.2% share of the Asia-Pacific life insurance & pension market.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in China
- Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China life insurance & pension market with five year forecasts
- What was the size of the China life insurance & pension market by value in 2024?
- What will be the size of the China life insurance & pension market in 2029?
- What factors are affecting the strength of competition in the China life insurance & pension market?
- How has the market performed over the last five years?
- What are the main segments that make up China's life insurance & pension market?
Table of Contents
41 Pages
- 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 are the strengths and strategies of the leading players?
- 7.4. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. China Pacific Life Insurance Co Ltd
- 8.2. KGI Life Insurance Co Ltd
- 8.3. Taikang Insurance Group
- 8.4. Ping An Insurance (Group) Company 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
- Table 1: China life insurance & pension market value: $ billion, 2019-24
- Table 2: China life insurance & pension market category segmentation: % share, by value, 2019-24
- Table 3: China life insurance & pension market category segmentation: $ billion, 2019-24
- Table 4: China life insurance & pension market geography segmentation: $ billion, 2024
- Table 5: China life insurance & pension market value forecast: $ billion, 2024-29
- Table 6: China life insurance & pension market share: % share, by value, 2024
- Table 7: China Pacific Life Insurance Co Ltd: Key Facts
- Table 8: China Pacific Life Insurance Co Ltd: Key Employees
- Table 9: KGI Life Insurance Co Ltd: Key Facts
- Table 10: KGI Life Insurance Co Ltd: Key Employees
- Table 11: Taikang Insurance Group: Key Facts
- Table 12: Taikang Insurance Group: Key Employees
- Table 13: Ping An Insurance (Group) Company of China Ltd: Key Facts
- Table 14: Ping An Insurance (Group) Company of China Ltd: Annual Financial Ratios
- Table 15: Ping An Insurance (Group) Company of China Ltd: Key Employees
- Table 16: China Size of Population (Million), 2020-24
- Table 17: China Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 18: China GDP (Current Prices, $ Billion), 2020-24
- Table 19: China Inflation, 2020-24
- Table 20: China Consumer Price Index (Absolute), 2020-24
- Table 21: China Exchange Rate, 2019-24
- List of Figures
- Figure 1: China life insurance & pension market value: $ billion, 2019-24
- Figure 2: China life insurance & pension market category segmentation: $ billion, 2019-24
- Figure 3: China life insurance & pension market geography segmentation: % share, by value, 2024
- Figure 4: China life insurance & pension market value forecast: $ billion, 2024-29
- Figure 5: Forces driving competition in the life insurance & pension market in China, 2024
- Figure 6: Drivers of buyer power in the life insurance & pension market in China, 2024
- Figure 7: Drivers of supplier power in the life insurance & pension market in China, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in China, 2024
- Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in China, 2024
- Figure 10: Drivers of degree of rivalry in the life insurance & pension market in China, 2024
- Figure 11: China life insurance & pension market share: % share, by value, 2024
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