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Personal Accident and Health Insurance in China, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in China, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers, challenges in the Chinese personal accident and health insurance segment.

It provides 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, 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 'Personal Accident and Health Insurance in China, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Chinese personal accident and health insurance segment, including:

  • The Chinese personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of the Chinese economy and demographics
  • The various distribution channels in the Chinese personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in China
  • Details of regulatory policy applicable to the Chinese insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in China:
  • It provides historical values for the Chinese personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Chinese personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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
  • In January 2017, the Chinese government issued a medical reform plan for the period 2016–2020, as a part of the 13th Five-Year Plan, with emphasis on insurance reforms and improvements.
  • In January 2016, the Chinese government introduced a tax benefit health insurance plan, with an objective to expand commercial health insurance. In June 2016, the China Insurance Regulatory Commission (CIRC) permitted 12 insurers to offer tax-deductible health schemes
  • In April 2016, Alibaba Health Information Technology formed a joint venture with China Taiping to establish online health insurance, with registered capital of CNY1.0 billion (US$154 million).
  • The Chinese state council issued a circular in October 2016, promulgating a series of regulations regarding critical illness insurance to cover more urban and rural residents.
  • At the end of 2016, China overtook Japan to become the world’s second-largest insurance market, after the US.


  • Key Facts and Highlights
    • Table Chinese Personal Accident and Health Insurance - Key Facts, 2015
    • Table Chinese Personal Accident and Health Insurance - Segment Shares of the Leading 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 Personal Accident and Health Insurance - Gross Written Premium (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Chinese Personal Accident and Health Insurance - Gross Written Premium (CNY Billion and US$ Billion), 2015-2020
        • Table Chinese Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Chinese Personal Accident and Health Insurance - Premium per Capita (CNY and US$), 2011-2015
        • Table Chinese Personal Accident and Health Insurance - Premium per Capita (CNY and US$), 2015-2020
      • Claims
        • Table Chinese Personal Accident and Health Insurance - Paid Claims (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Personal Accident and Health Insurance - Paid Claims (CNY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Chinese Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Chinese Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Chinese Personal Accident and Health Insurance - Total Assets (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Personal Accident and Health Insurance - Total Assets (CNY Billion and US$ Billion), 2015-2020
        • Table Chinese Personal Accident and Health Insurance - Total Investment Income (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Personal Accident and Health Insurance - Total Investment Income (CNY Billion and US$ Billion), 2015-2020
        • Table Chinese Personal Accident and Health Insurance - Investment Portfolio (CNY Billion), 2011-2015
        • Table Chinese Personal Accident and Health Insurance - Investment Portfolio (CNY Billion), 2015-2020
  • Outlook by Category
    • Table Chinese Personal Accident and Health Insurance - Direct Written Premium by Category (CNY Billion),2011-2015
    • Table Chinese Personal Accident and Health Insurance - Direct Written Premium by Category (CNY Billion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Chinese Personal Accident Insurance - Direct Written Premium (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Personal Accident Insurance - Direct Written Premium (CNY Billion and US$ Billion), 2015-2020
      • Claims
        • Table Chinese Personal Accident Insurance - Paid Claims (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Personal Accident Insurance - Paid Claims (CNY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Chinese Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Chinese Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Chinese Health Insurance - Direct Written Premium by Sub-Category (CNY Billion), 2011-2015
        • Table Chinese Health Insurance - Direct Written Premium by Sub-Category (CNY Billion), 2015-2020
      • Claims
        • Table Chinese Health Insurance - Paid Claims (CNY Billion and US$ Billion), 2011-2015
        • Table Chinese Health Insurance - Paid Claims (CNY Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Chinese Health Insurance - Loss Ratio (%), 2011-2015
        • Table Chinese Health Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Chinese Personal Accident and Health Insurance - Segment Shares of Leading Insurers (%), 2015
    • Company Profiles
      • China Life Insurance Co., Ltd - company overview
        • Table China Life Insurance Co., Ltd - Key Facts
      • China Ping An Life Insurance Co., Ltd - company overview
        • Table China Ping An Life Insurance Co., Ltd - Key Facts
      • Hexie Health Insurance Co., Ltd - company overview
        • Table China Life Insurance Co., Ltd - Key Facts
      • New China Life Insurance Co., Ltd - company overview
        • Table New China Life Insurance Co., Ltd - Key Facts
      • China Pacific Life Insurance Co., Ltd - company overview
        • Table China Life Insurance Co., Ltd - Key Facts
  • 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 Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Chinese Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Chinese Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
      • Table Chinese Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Chinese Personal Accident and Health Insurance - Assets and Investments, 2011-2015
      • Table Chinese Personal Accident and Health Insurance - Assets and Investments, 2015-2020
    • Personal Accident Insurance
      • Table Chinese Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
      • Table Chinese Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
    • Health Insurance
      • Table Chinese Personal Accident and Health Insurance - Health Insurance, 2011-2015
      • Table Chinese Personal Accident and Health Insurance - Health Insurance, 2015-2020
    • Health Insurance by Product
      • Table Chinese Personal Accident and Health Insurance - Health by Product, 2011-2015
      • Table Chinese Personal Accident and Health Insurance - Health by Product, 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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