Toll Free: 1-888-928-9744
Toll Free: 1-888-928-9744
Published: Jun, 2017 | Pages:
155 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Synopsis
Timetric's 'Life Insurance in China, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Chinese life insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, 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 'Life Insurance in China, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Chinese life insurance segment, including: • The Chinese life insurance segment's growth prospects by life insurance category • Key trends, drivers and challenges for the life insurance segment • A comprehensive overview of the Chinese economy and demographics • The various distribution channels in the Chinese life insurance segment • Details of the competitive landscape in the life insurance segment in China • Details of regulatory policy applicable to the Chinese insurance industry
Scope
This report provides a comprehensive analysis of the life insurance segment in China: • It provides historical values for the Chinese 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 life insurance segment, and market forecasts to 2020. • It analyzes the various distribution channels for life insurance products in China. • It profiles the top 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 life insurance segment, and each category within it. • Understand the demand-side dynamics, key market trends and growth opportunities in the Chinese life insurance segment. • Assess the competitive dynamics in the 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. • The China Insurance Regulatory Commission (CIRC) increased the guaranteed interest-return cap from 2.5% to 3.5% for traditional and participating products in October 2015. In September 2016, the return cap was reduced to 3.0% for universal products. • In June 2016, the government established the Shanghai Insurance Exchange (SHIE), China's first insurance exchange platform. In September 2016, the CIRC allowed Chinese insurers to invest in Hong Kong shares through the Shanghai-Hong Kong Stock Connect program. • In January 2016, 46 corporate entities, including 27 domestic insurers and 15 insurance asset-management companies, formed the China Insurance Investment Company to invest in infrastructure and transport projects. • In July 2016, the CIRC issued licenses to HeTai Life Insurance, the first online-only life insurer in China; it received approval to start operations in January 2017. • In June 2016, the CIRC approved the establishment of three mutual insurance associations for the first time.
Table of Contents
1 Key Facts and Highlights 2 Executive Summary 3 Economy and Demographics 4 Segment Outlook 4.1 Regional Comparison 4.2 Segment Indicators 4.2.1 Gross written premium and penetration 4.2.2 Claims 4.2.3 Assets and investments 5 Outlook by Sub-Segment 5.1 Individual Life Insurance 5.1.1 Premium 5.1.2 Penetration 5.2 Group Life Insurance 5.2.1 Premium 5.2.2 Penetration 6 Distribution Channel Outlook 6.1 Analysis by Distribution Channel 7 Competitive Landscape 7.1 Company Profiles 7.1.1 China Life Insurance Co. Ltd - company overview 7.1.2 China Ping An Life Insurance Co. Ltd - company overview 7.1.3 New China Life Insurance Co. Ltd - company overview 7.1.4 China Pacific Life Insurance Co. Ltd - company overview 7.1.5 PICC Life Insurance Co. Ltd - company overview 8 Governance, Risk and Compliance 8.1 Legislation Overview and Historical Evolution 8.2 Latest Changes in Regulation 8.3 Legislation and Market Practice by Type of Insurance 8.3.1 Life insurance 8.3.2 Property insurance 8.3.3 Motor insurance 8.3.4 Liability insurance 8.3.5 Marine, aviation and transit insurance 8.3.6 Personal accident and health insurance 8.4 Compulsory Insurance 8.4.1 Motor third-party liability insurance 8.4.2 Environmental liability insurance 8.4.3 Social security system 8.4.4 Aviation liability insurance 8.5 Supervision and Control 8.5.1 International Associations of Insurance Supervisors 8.5.2 China Insurance Regulatory Commission 8.6 Non-Admitted Insurance Regulations 8.6.1 Overview 8.6.2 Intermediaries 8.6.3 Market practices 8.6.4 Fines and Penalties 8.7 Company Registration and Operations 8.7.1 Type of insurance organization 8.7.2 Establishing a local company 8.7.3 Foreign ownership 8.7.4 Types of license 8.7.5 Capital requirements 8.7.6 Solvency margin 8.7.7 Reserve requirements 8.7.8 Investment regulations 8.7.9 Statutory return requirements 8.7.10 Fee structure 8.8 Taxation 8.8.1 Insurance premium or policy taxation 8.8.2 Withholding taxes on premium paid overseas 8.8.3 Corporate tax 8.8.4 VAT 8.8.5 Captives 8.9 Legal System 8.9.1 Introduction 8.9.2 Access to court 8.9.3 Alternative dispute resolution 9 Databook 9.1 Policies and Premium 9.2 Claims and Expenses 9.3 Assets and Investments 9.4 Direct Marketing and E-Commerce 9.5 Insurance Brokers and Agencies 9.6 Bancassurance and Other Distribution Channels 9.7 Individual Life Insurance 9.8 Individual Life Insurance by Product 9.9 Group Life Insurance 9.1 Linked vs. Non-Linked Policies 10 Definitions and Methodology 10.1 Definitions 10.2 Methodology 11 About Timetric 11.1 Contact Timetric 11.2 About Timetric 11.3 Timetric's Services 11.4 Disclaimer
List of Tables
Table 1: Chinese Life Insurance - Key Facts, 2015 Table 2: Chinese Life Insurance - Segment Shares of the Top Insurers, 2015 Table 3: Chinese Government Credit Ratings Table 4: Chinese Life Insurance - Gross Written Premium (CNY Billion and US$ Billion), 2011-2015 Table 5: Chinese Life Insurance - Penetration (%), 2011-2015 Table 6: Chinese Life Insurance - Gross Written Premium (CNY Trillion and US$ Billion), 2015-2020 Table 7: Chinese Life Insurance - Penetration (%), 2015-2020 Table 8: Chinese Life Insurance - New Business Direct Written Premium (CNY Billion and US$ Billion), 2011-2015 Table 9: Chinese Life Insurance - New Business Direct Written Premium (CNY Billion and US$ Billion), 2015-2020 Table 10: Chinese Life Insurance - Premium per Capita (CNY and US$), 2011-2015 Table 11: Chinese Life Insurance - Premium per Capita (CNY and US$), 2015-2020 Table 12: Chinese Life Insurance - Paid Claims (CNY Billion and US$ Billion), 2011-2015 Table 13: Chinese Life Insurance - Paid Claims (CNY Billion and US$ Billion), 2015-2020 Table 14: Chinese Life Insurance - Total Assets (CNY Trillion and US$ Billion), 2011-2015 Table 15: Chinese Life Insurance - Total Assets (CNY Trillion and US$ Trillion), 2015-2020 Table 16: Chinese Life Insurance - Total Investment Income (CNY Billion and US$ Billion), 2011-2015 Table 17: Chinese Life Insurance - Total Investment Income (CNY Billion and US$ Billion), 2015-2020 Table 18: Chinese Life Insurance - Investment Portfolio (CNY Billion), 2011-2015 Table 19: Chinese Life Insurance - Investment Portfolio (CNY Billion), 2015-2020 Table 20: Chinese Life Insurance - Direct Written Premium by Sub-Segment (CNY Billion), 2011-2015 Table 21: Chinese Life Insurance - Direct Written Premium by Sub-Segment (CNY Billion), 2015-2020 Table 22: Chinese Individual Life Insurance - Direct Written Premium by Category (CNY Billion), 2011-2015 Table 23: Chinese Individual Life Insurance - Direct Written Premium by Category (CNY Billion), 2015-2020 Table 24: Chinese Group Life Insurance - Direct Written Premium by Category (CNY Billion), 2011-2015 Table 25: Chinese Group Life Insurance - Direct Written Premium by Category (CNY Billion), 2015-2020 Table 26: Chinese Life Insurance - New Business Direct Written Premium by Distribution Channel (CNY Billion), 2011-2015 Table 27: Chinese Life Insurance - New Business Direct Written Premium by Distribution Channel (CNY Billion), 2015-2020 Table 28: Chinese Life Insurance - Percentage of New Business Direct Written Premium, by Distribution Channel, 2011-2020 Table 29: Chinese Life Insurance - Segment Shares of the Leading Insurers (%), 2015 Table 30: China Life Insurance Co. Ltd - Key Facts Table 31: China Life Insurance Co. Ltd - Key Financials (CNY Billion), 2011-2015 Table 32: China Ping An Life Insurance Co. Ltd - Key Facts Table 33: China Ping An Life Insurance Co. Ltd - Key Financials (CNY Billion), 2011-2015 Table 34: New China Life Insurance Co. Ltd - Key Facts Table 35: New China Life Insurance Co. Ltd - Key Financials (CNY Billion), 2011-2015 Table 36: China Pacific Life Insurance Co. Ltd - Key Facts Table 37: China Pacific Life Insurance Co. Ltd - Key Financials (CNY Billion), 2011-2015 Table 38: PICC Life Insurance Co. Ltd - Key Facts Table 39: PICC Life Insurance Co. Ltd - Key Financials (CNY Billion), 2011-2015 Table 40: China - Insurance Regulatory Framework Key Features Table 41: China - Life Insurance Regulatory Framework Table 42: China - Property Insurance Regulatory Framework Table 43: China- Motor Insurance Regulatory Framework Table 44: China- Motor Insurance Regulatory Framework Table 45: China - Liability Insurance Regulatory Framework Table 46: China - Corporate Tax Rates for the Financial Year 2017 Table 47: Chinese Life Insurance - Policies and Premium, 2011-2015 Table 48: Chinese Life Insurance - Policies and Premium, 2015-2020 Table 49: Chinese Life Insurance - Claims and Expenses, 2011-2015 Table 50: Chinese Life Insurance - Claims and Expenses, 2015-2020 Table 51: Chinese Life Insurance - Assets and Investments, 2011-2015 Table 52: Chinese Life Insurance - Assets and Investments, 2015-2020 Table 53: Chinese Life Insurance - Direct Marketing and E-Commerce, 2011-2015 Table 54: Chinese Life Insurance - Direct Marketing and E-Commerce, 2015-2020 Table 55: Chinese Life Insurance - Insurance Brokers and Agencies, 2011-2015 Table 56: Chinese Life Insurance - Insurance Brokers and Agencies, 2015-2020 Table 57: Chinese Life Insurance - Insurance Brokers and Agencies, 2011-2015 Table 58: Chinese Life Insurance - Insurance Brokers and Agencies, 2015-2020 Table 59: Chinese Life Insurance - Individual Life Insurance, 2011-2015 Table 60: Chinese Life Insurance - Individual Life Insurance, 2015-2020 Table 61: Chinese Life Insurance - Individual Life Insurance by Product, 2011-2015 Table 62: Chinese Life Insurance - Individual Life Insurance by Product, 2015-2020 Table 63: Chinese Life Insurance - Group Life Insurance, 2011-2015 Table 64: Chinese Life Insurance - Group Life Insurance, 2015-2020 Table 65: Chinese Life Insurance - Linked vs. Non-Linked Policies, 2011-2015 Table 66: Chinese Life Insurance - Linked vs. Non-Linked Policies, 2015-2020 Table 67: Insurance Industry Definitions
Speak to the report author to design an exclusive study to serve your research needs.
Your personal and confidential information is safe and secure.
