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Non-Life Insurance in China, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in China, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Chinese non-life insurance segment, and a comparison of the Chinese insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Chinese economy and demographics, explains the various types of natural hazard and their impact on the Chinese insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in China, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Chinese non-life insurance segment, including:

  • The Chinese non-life insurance segment’s detailed outlook by product category
  • A comprehensive overview of the Chinese economy and demographics
  • A comparison of the Chinese insurance industry with its regional counterparts
  • The various distribution channels in the Chinese non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Chinese insurance industry
  • Details of the competitive landscape in the non-life insurance segment in China
  • Details of regulatory policy applicable to the Chinese insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in China:
  • It provides historical values for the Chinese non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Chinese non-life insurance segment, and market forecasts to 2020.
  • 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 in-depth historic and forecast market data related to the Chinese non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Chinese non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Chinese insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • At the end of 2016, China overtook Japan to become the world’s second-largest insurance market after the US.
  • In May 2016, the China Insurance Regulatory Commission (CIRC) introduced China’s first voluntary household earthquake insurance policy covering earthquakes and related hazards such as tsunamis, fires, explosions and landslides.
  • In March 2015, the CIRC introduced deregulation, giving motor insurers autonomy on policy pricing based on a vehicle’s risk exposure.
  • In September 2016, Alibaba formed a joint venture with China Taiping Insurance, creating online insurance platform Cheche Chexian, which offers motor insurance products, online renewal and claims processing.
  • In December 2015, the first usage-based motor insurance product was launched by auto data service company Lichengbao, in association with numerous smaller motor insurers


  • Key Facts and Highlights
    • Table Chinese Non-Life Insurance - Key Facts, 2015
    • Table Chinese Non-Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Chinese Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Chinese Non-Life Insurance - Gross Written Premium (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Non-Life Insurance - Penetration (%), 2011-2015
        • Table Chinese Non-Life Insurance - Gross Written Premium (CNY Billion and US$ Billion), 2015-2020
        • Table Chinese Non-Life Insurance - Penetration (%), 2015-2020
        • Table Chinese Non-Life Insurance - Premium per Capita (CNY and US$), 2011-2015
        • Table Chinese Non-Life Insurance - Premium per Capita (CNY and US$), 2015-2020
      • Claims
        • Table Chinese Non-Life Insurance - Paid Claims (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Non-Life Insurance - Paid Claims (CNY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Chinese Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Chinese Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Chinese Non-Life Insurance - Total Assets (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Non-Life Insurance - Total Assets (CNY Trillion and US$ Billion), 2015-2020
        • Table Chinese Non-Life Insurance - Total Investment Income (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Non-Life Insurance - Total Investment Income (CNY Billion and US$ Billion), 2015-2020
        • Table Chinese Non-Life Insurance - Investment Portfolio (CNY Billion), 2011-2015
        • Table Chinese Non-Life Insurance - Investment Portfolio (CNY Billion), 2015-2020
  • Outlook by Category
    • Table Chinese Non-Life Insurance - Direct Written Premium by Category (CNY Billion), 2011-2015
    • Table Chinese Non-Life Insurance - Direct Written Premium by Category (CNY Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Chinese Property Insurance - Direct Written Premium by Sub-Category (CNY Billion), 2011-2015
        • Table Chinese Property Insurance - Direct Written Premium by Sub-Category (CNY Billion), 2015-2020
      • Claims
        • Table Chinese Property Insurance - Paid Claims (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Property Insurance - Paid Claims (CNY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Chinese Property Insurance - Loss Ratio (%), 2011-2015
        • Table Chinese Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Chinese Motor Insurance - Direct Written Premium by Sub-Category (CNY Billion), 2011-2015
        • Table Chinese Motor Insurance - Direct Written Premium by Sub-Category (CNY Billion), 2015-2020
      • Claims
        • Table Chinese Motor Insurance - Paid Claims (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Motor Insurance - Paid Claims (CNY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Chinese Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Chinese Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Chinese Liability Insurance - Direct Written Premium (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Liability Insurance - Direct Written Premium (CNY Billion and US$ Billion), 2015-2020
      • Claims
        • Table Chinese Liability Insurance - Paid Claims (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Liability Insurance - Paid Claims (CNY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Chinese Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Chinese Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Chinese Transport Network - Global Rankings 2016
      • Premium
        • Table Chinese Marine, Aviation and Transit Insurance - Direct Written Premium (CNY Billion), 2011-2015
        • Table Chinese Marine, Aviation and Transit Insurance - Direct Written Premium (CNY Billion), 2015-2020
      • Claims
        • Table Chinese Marine, Aviation and Transit Insurance - Paid Claims (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Marine, Aviation and Transit Insurance - Paid Claims (CNY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Chinese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Chinese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Chinese Non-Life Insurance - Direct Written Premium by Distribution Channel (CNY Billion), 2011-2015
      • Table Chinese Non-Life Insurance - Direct Written Premium by Distribution Channel (CNY Billion), 2015-2020
      • Table Chinese Non-Life Insurance - Percentage of Direct Written Premium, by Distribution Channel, 2011-2020
  • Natural and Man-Made Hazards
    • Table China Natural Hazards - Frequency, Total Deaths, Total Affected and Total Economic Damages, 1990-2014
    • Table Top 10 Natural Hazards in China by Number of Deaths, 2010-2016
    • Storms and Typhoons
    • Flooding
    • Earthquakes
      • Table Earthquakes in China - Total Deaths, Total Affected and Total Economic Losses, 2015
    • Droughts
    • Other Natural Disasters
    • Man-made Disasters
    • Exposure
  • Competitive Landscape
    • Table Chinese Non-Life Insurance - Segment Shares of the Leading Insurers (%), 2015
    • Company Profiles
      • PICC Property and Casualty Co., Ltd - company overview
        • Table PICC Property and Casualty Co., Ltd - Key Facts
        • Table PICC Property and Casualty Co., Ltd - Key Financials (CNY Billion), 2011-2015
      • China Ping An Property and Casualty Co., Ltd - company overview
        • Table China Ping An Property and Casualty Co., Ltd - Key Facts
        • Table China Ping An Property and Casualty Co., Ltd - Key Financials (CNY Billion), 2011-2015
      • China Pacific Property Insurance Co., Ltd - company overview
        • Table China Pacific Property Insurance Co., Ltd - Key Facts
        • Table China Pacific Property Insurance Co., Ltd - Key Financials (CNY Billion), 2011-2015
      • China Life Property and Casualty Co., Ltd - company overview
        • Table China Life Property and Casualty Co., Ltd - Key Facts
        • Table China Life Property and Casualty Co., Ltd - Key Financials (CNY Billion), 2011-2015
      • PICC Property and Casualty Co., Ltd - company overview
        • Table China United Property Insurance Co., Ltd - Key Facts
        • Table China United Property Insurance Co., Ltd - Key Financials (CNY Billion), 2011-2015
  • Governance, Risk and Compliance
    • Table China - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table China - Life Insurance Regulatory Framework
      • Property insurance
        • Table China - Property Insurance Regulatory Framework
      • Motor insurance
        • Table China- Motor Insurance Regulatory Framework
        • Table China- Motor Insurance Regulatory Framework
      • Liability insurance
        • Table China - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Environmental liability insurance
      • Social security system
      • Aviation liability insurance
    • Supervision and Control
      • International Associations of Insurance Supervisors
      • China Insurance Regulatory Commission
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table China - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Chinese Insurance Industry - Policies and Premium, 2011-2015
      • Table Chinese Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Chinese Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Chinese Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Chinese Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Chinese Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Chinese Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Chinese Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Chinese Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Chinese Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Chinese Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Chinese Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Property Insurance
      • Table Chinese Non-Life Insurance - Property Insurance, 2011-2015
      • Table Chinese Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Chinese Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Chinese Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Chinese Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Chinese Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Chinese Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Chinese Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Chinese Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Chinese Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Chinese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Chinese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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