Non-Life Insurance in China Key Trends and Opportunities to 2019

Published: Aug, 2016 | Pages: 156 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric's 'Non-Life Insurance in China Key Trends and Opportunities to 2019' 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 (2010-2014) and forecast period (2014-2019).

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 2019' 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 2010-2014 review period and projected figures for the 2014-2019 forecast period.

• It offers a detailed analysis of the key categories in the Chinese non-life insurance segment and market forecasts to 2019.

• 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

• Motor insurance was the largest category in the segment during the review period in terms of gross written premium accounting for 76.6% of the overall non-life gross written premium.

• Chinese non-life insurance penetration stood at 1.1% in 2014. 

•The non-life segment's distribution network is dominated by agencies and direct marketing with these channels claiming 62.2% of the total written premium generated in 2014.

• The growth of the construction industry is expected to increase demand for property insurance over the forecast period.

• Due to rapid industrialization and the growing inflow of foreign capital the requirement for directors' and officers' liability insurance is increasing.

 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 Profitability
4.2.4 Assets and investments
5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Claims
5.1.4 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Claims
5.2.4 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Claims
5.3.4 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Claims
5.4.4 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
6.1.1 Agencies
6.1.2 Brokers
6.1.3 Direct marketing
6.1.4 E-commerce
6.1.5 Bancassurance
7 Natural and Man-Made Hazards
7.1 Storms and Typhoons
7.2 Flooding
7.3 Earthquakes
7.4 Droughts
7.5 Other Natural Disasters
7.6 Man-Made Hazards
7.7 Exposure
8 Competitive Landscape
8.1 Company Rankings
8.2 Comparison of the Top Five Insurers
8.2.1 Gross written premium
8.3 Company Profiles
8.3.1 PICC Property and Casualty�Co., Ltd - company overview
8.3.2 China Ping An Property and Casualty Co., Ltd - company overview
8.3.3 China Pacific Property Insurance Co., Ltd - company overview
8.3.4 China Life Property and Casualty Co., Ltd - company overview
8.3.5 China United Property Insurance Co., Ltd - company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulations
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Motor third-party liability insurance
9.4.2 Environmental liability insurance
9.4.3 Social security system
9.4.4 Aviation liability insurance
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 China Insurance Regulatory Commission
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and penalties
9.7 Company Registration and Operations
9.7.1 Types of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margins
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution
10 Databook
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Direct Marketing and E-Commerce
10.5 Insurance Brokers and Agencies
10.6 Bancassurance and Other Distribution Channels
10.7 Property Insurance
10.8 Property Insurance by Product
10.9 Motor Insurance
10.1 Motor Insurance by Product
10.11 Liability Insurance
10.12 Marine, Aviation and Transit Insurance
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric's Services
12.4 Disclaimer

List of Tables
Table 1: Chinese Non-Life Insurance - Key Facts, 2014
Table 2: Chinese Non-Life Insurance - Segment Shares of the Top Insurers, 2014
Table 3: Chinese Government Credit Ratings
Table 4: Chinese Non-Life Insurance - Gross Written Premium (CNY Billion and US$ Billion), 2010-2014
Table 5: Chinese Non-Life Insurance - Gross Written Premium (CNY Billion and US$ Billion), 2014-2019
Table 6: Chinese Non-Life Insurance - Penetration (%), 2010-2014
Table 7: Chinese Non-Life Insurance - Penetration (%), 2014-2019
Table 8: Chinese Non-Life Insurance -  Premium per Capita (CNY and US$), 2010-2014
Table 9: Chinese Non-Life Insurance -  Premium per Capita (CNY and US$), 2014-2019
Table 10: Chinese Non-Life Insurance - Paid Claims (CNY Billion and US$ Billion), 2010-2014
Table 11: Chinese Non-Life Insurance - Paid Claims (CNY Billion and US$ Billion), 2014-2019
Table 12: Chinese Non-Life Insurance - Profitability Ratio (%), 2010-2014
Table 13: Chinese Non-Life Insurance - Profitability Ratio (%), 2014-2019
Table 14: Chinese Non-Life Insurance - Total Assets (CNY Billion and US$ Billion), 2010-2014
Table 15: Chinese Non-Life Insurance - Total Assets (CNY Billion and US$ Billion), 2014-2019
Table 16: Chinese Non-Life Insurance - Total Investment Income (CNY Billion and US$ Billion), 2010-2014
Table 17: Chinese Non-Life Insurance - Total Investment Income (CNY Billion and US$ Billion), 2014-2019
Table 18: Chinese Non-Life Insurance - Investment Portfolio (CNY Billion), 2010-2014
Table 19: Chinese Non-Life Insurance - Investment Portfolio (CNY Billion), 2014-2019
Table 20: Chinese Non-Life Insurance - Gross Written Premium by Category (CNY Billion), 2010-2014
Table 21: Chinese Non-Life Insurance - Gross Written Premium by Category (CNY Billion), 2014-2019
Table 22: Chinese Property Insurance - Gross Written Premium by Sub-Category (CNY Billion), 2010-2014
Table 23: Chinese Property Insurance - Gross Written Premium by Sub-Category (CNY Billion), 2014-2019
Table 24: Chinese Property Insurance - Paid Claims (CNY Billion and US$ Billion), 2010-2014
Table 25: Chinese Property Insurance - Paid Claims (CNY Billion and US$ Billion), 2014-2019
Table 26: Chinese Property Insurance - Loss Ratio (%), 2010-2014
Table 27: Chinese Property Insurance - Loss Ratio (%), 2014-2019
Table 28: Chinese Motor Insurance - Gross Written Premium by Sub-Category (CNY Billion), 2010-2014
Table 29: Chinese Motor Insurance - Gross Written Premium by Sub-Category (CNY Billion), 2014-2019
Table 30: Chinese Motor Insurance - Paid Claims (CNY Billion and US$ Billion), 2010-2014
Table 31: Chinese Motor Insurance - Paid Claims (CNY Billion and US$ Billion), 2014-2019
Table 32: Chinese Motor Insurance - Loss Ratio (%), 2010-2014
Table 33: Chinese Motor Insurance - Loss Ratio (%), 2014-2019
Table 34: Chinese Liability Insurance - Gross Written Premium (CNY Billion), 2010-2014
Table 35: Chinese Liability Insurance - Gross Written Premium (CNY Billion), 2014-2019
Table 36: Chinese Liability Insurance - Paid Claims (CNY Billion and US$ Billion), 2010-2014
Table 37: Chinese Liability Insurance - Paid Claims (CNY Billion and US$ Billion), 2014-2019
Table 38: Chinese Liability Insurance - Loss Ratio (%), 2010-2014
Table 39: Chinese Liability Insurance - Loss Ratio (%), 2014-2019
Table 40: Chinese Transport Network - Global Rankings
Table 41: Chinese Marine, Aviation and Transit Insurance - Gross Written Premium (CNY Billion), 2010-2014
Table 42: Chinese Marine, Aviation and Transit Insurance - Gross Written Premium (CNY Billion), 2014-2019
Table 43: Chinese Marine, Aviation and Transit Insurance - Paid Claims (CNY Billion and US$ Billion), 2010-2014
Table 44: Chinese Marine, Aviation and Transit Insurance - Paid Claims (CNY Billion and US$ Billion), 2014-2019
Table 45: Chinese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2010-2014
Table 46: Chinese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2014-2019
Table 47: Chinese Non-Life Insurance - Direct Written Premium by Distribution Channel (CNY Billion), 2010-2014
Table 48: Chinese Non-Life Insurance - Direct Written Premium by Distribution Channel (CNY Billion), 2014-2019
Table 49: Chinese Non-Life Insurance - Direct Written Premium by Distribution Channel (%), 2010-2019
Table 50: China Natural Hazards - Frequency, Total Deaths, Total Affected and Total Economic Damages, 1990-2014
Table 51: Top 10 Natural Hazards in China by Number of  Deaths, 2010-2015
Table 52: Top 10 Natural Hazards in China by Economic Damage, 2010-2015
Table 53: Earthquakes in China - Total Deaths, Total Affected and Total Economic Losses, 2015
Table 54: Natural Hazards in China - Economic Losses by Type of Disaster, 2013-2015
Table 55: Chinese Non-Life Insurance - Shares of Top Insurers (%), 2014
Table 56: PICC Property and Casualty�Co., Ltd - Key Facts
Table 57: PICC Property and Casualty�Co., Ltd - Key Financials (CNY Billion)
Table 58: China Ping An Property and Casualty�Co., Ltd - Key Facts
Table 59: China Ping An Property and Casualty�Co., Ltd - Key Financials (CNY Billion)
Table 60: China Pacific Property Insurance Co., Ltd - Key Facts
Table 61: China Pacific Property Insurance Co., Ltd  - Key Financials (CNY Billion)
Table 62: China Life Property and Casualty�Co., Ltd - Key Facts
Table 63: China Life Property and Casualty�Co., Ltd - Key Financials (CNY Billion)
Table 64: China United Property�Insurance Co., Ltd - Key Facts
Table 65: China United Property�Insurance Co., Ltd - Key Financials (CNY Billion)
Table 66: China - Insurance Regulatory Framework Key Features
Table 67: China - Life Insurance Regulatory Framework
Table 68: China - Property Insurance Regulatory Framework
Table 69: China - Motor Insurance Regulatory Framework
Table 70: China - The Evolution of Statutory Automobile Liability Insurance in China:
Table 71: China - Liability Insurance Regulatory Framework
Table 72: China - Corporate Tax Rates in China for the Financial Year 2016
Table 73: Chinese Insurance Industry - Policies and Premium, 2010-2014
Table 74: Chinese Insurance Industry - Policies and Premium, 2014-2019
Table 75: Chinese Non-Life Insurance - Claims and Expenses, 2010-2014
Table 76: Chinese Non-Life Insurance - Claims and Expenses, 2014-2019
Table 77: Chinese Non-Life Insurance - Assets and Investments, 2010-2014
Table 78: Chinese Non-Life Insurance - Assets and Investments, 2014-2019
Table 79: Chinese Non-Life Insurance - Direct Marketing and E-Commerce, 2010-2014
Table 80: Chinese Non-Life Insurance - Direct Marketing and E-Commerce, 2014-2019
Table 81: Chinese Non-Life Insurance - Insurance Brokers and Agencies, 2010-2014
Table 82: Chinese Non-Life Insurance - Insurance Brokers and Agencies, 2014-2019
Table 83: Chinese Non-Life Insurance - Bancassurance and Other Distribution Channels, 2010-2014
Table 84: Chinese Non-Life Insurance - Bancassurance and Other Distribution Channels, 2014-2019
Table 85: Chinese Non-Life Insurance - Property Insurance, 2010-2014
Table 86: Chinese Non-Life Insurance - Property Insurance, 2014-2019
Table 87: Chinese Non-Life Insurance - Property Insurance by Product, 2010-2014
Table 88: Chinese Non-Life Insurance - Property Insurance by Product, 2014-2019
Table 89: Chinese Non-Life Insurance - Motor Insurance, 2010-2014
Table 90: Chinese Non-Life Insurance - Motor Insurance, 2014-2019
Table 91: Chinese Non-Life Insurance - Motor Insurance by Product, 2010-2014
Table 92: Chinese Non-Life Insurance - Motor Insurance by Product, 2014-2019
Table 93: Chinese Non-Life Insurance - Liability Insurance, 2010-2014
Table 94: Chinese Non-Life Insurance - Liability Insurance, 2014-2019
Table 95: Chinese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2010-2014
Table 96: Chinese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2014-2019
Table 97: Insurance Industry Definitions