Personal Accident and Health Insurance in China Key Trends and Opportunities to 2019

Published: Aug, 2016 | Pages: 152 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric's 'Personal Accident and Health Insurance in China Key Trends and Opportunities to 2019' 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 (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 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 2019' 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 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 personal accident and health insurance segment and market forecasts to 2019.

• 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

• The personal accident and health segment accounted for 10.2% of the Chinese insurance industry's gross written premium in 2014.

• The Chinese government introduced tax benefits for health insurance plans from January 2016 in an aim to expand private health insurance.

• The Chinese social security and health regulator is in the process of drafting regulations on the provision of insurance-covered drugs under basic healthcare cover.

• With advances in private sector long-term care demand for private healthcare insurance is forecast to rise to cover out-of-pocket expenses.

• The growing prevalence of lifestyle-related diseases - such as obesity stress and anxiety disorders - and pollution-related diseases are increasingly affecting the Chinese population providing scope for private insurers.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Personal Accident and Health Insurance Segment Outlook
4.1 Key Drivers
4.2 Key Trends
4.3 Challenges
4.4 Personal Accident and Health Insurance Growth Prospects by Category
4.4.1 Personal accident insurance
4.4.2 Health insurance
4.4.3 Non-life health insurance
4.4.4 Life health insurance
5 Analysis by Distribution Channel
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in China's Personal Accident and Health Insurance Segment
6.2.1 China Life Insurance Co., Ltd - company overview
6.2.2 China Ping An Life Insurance Co., Ltd - company overview
6.2.3 PICC Health Insurance Co., Ltd - company overview
6.2.4 China Pacific Life Insurance Co., Ltd - company overview
6.2.5 New China Life Insurance Co., Ltd�- company overview
6.2.6 PICC Life Insurance Co., Ltd - company overview
6.2.7 Ping An Annuity Insurance Co., Ltd - company overview
6.2.8 Taikang Life Insurance Co., Ltd - company overview
6.2.9 Taiping Life Insurance Co., Ltd - company overview
6.2.10 Taiping Pension Company Ltd - company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Environmental liability insurance
7.4.3 Social security system
7.4.4 Aviation liability insurance
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors
7.5.2 China Insurance Regulatory Commission
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution
8 Definitions and Methodology
8.1 Definitions
8.2 Methodology
9 About Timetric
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric's Services
9.4 Disclaimer

List of Tables
Table 1: Chinese Life Insurance - Key Facts, 2014
Table 2: Chinese Health Insurance - Category Shares (%) of the Top Insurers, 2014
Table 3: Chinese Government Credit Ratings
Table 4: Chinese Personal Accident and Health Insurance - Gross Written Premium by Category (CNY Billion), 2010-2014
Table 5: Chinese Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014
Table 6: Chinese Personal Accident and Health Insurance - Gross Written Premium by Category (CNY Billion), 2014-2019
Table 7: Chinese Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
Table 8: Chinese Personal Accident and Health Insurance - Direct Written Premium by Category (CNY Billion), 2010-2014
Table 9: Chinese Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
Table 10: Chinese Personal Accident and Health Insurance - Direct Written Premium by Category (CNY Billion), 2014-2019
Table 11: Chinese Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
Table 12: Chinese Personal Accident and Health Insurance - Net Earned Premium (CNY Billion), 2010-2014
Table 13: Chinese Personal Accident and Health Insurance - Net Earned Premium (CNY Billion), 2014-2019
Table 14: Chinese Personal Accident and Health Insurance - Paid Claims by Category (CNY Billion), 2010-2014
Table 15: Chinese Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2010-2014
Table 16: Chinese Personal Accident and Health Insurance - Paid Claims by Category (CNY Billion), 2014-2019
Table 17: Chinese Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2014-2019
Table 18: Chinese Personal Accident and Health Insurance - Incurred Loss by Category (CNY Billion), 2010-2014
Table 19: Chinese Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2010-2014
Table 20: Chinese Personal Accident and Health Insurance - Incurred Loss by Category (CNY Billion), 2014-2019
Table 21: Chinese Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2014-2019
Table 22: Chinese Personal Accident and Health Insurance - Net Written Premium by Category (CNY Billion), 2010-2014
Table 23: Chinese Personal Accident and Health Insurance - Net Written Premium by Category (US$ Billion), 2010-2014
Table 24: Chinese Personal Accident and Health Insurance - Net Written Premium by Category (CNY Billion), 2014-2019
Table 25: Chinese Personal Accident and Health Insurance - Net Written Premium by Category (US$ Billion), 2014-2019
Table 26: Chinese Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Table 27: Chinese Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Table 28: Chinese Personal Accident and Health Insurance - Commission and Expenses (CNY Billion), 2010-2014
Table 29: Chinese Personal Accident and Health Insurance - Commission and Expenses (CNY Billion), 2014-2019
Table 30: Chinese Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Table 31: Chinese Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Table 32: Chinese Personal Accident and Health Insurance - Total Assets (CNY Billion), 2010-2014
Table 33: Chinese Personal Accident and Health Insurance - Total Assets (CNY Trillion), 2014-2019
Table 34: Chinese Personal Accident and Health Insurance - Total Investment Income (CNY Billion), 2010-2014
Table 35: Chinese Personal Accident and Health Insurance - Total Investment Income (CNY Billion), 2014-2019
Table 36: Chinese Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
Table 37: Chinese Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
Table 38: Chinese Personal Accident Insurance - Direct Written Premium (CNY Billion), 2010-2014
Table 39: Chinese Personal Accident Insurance - Direct Written Premium (CNY Billion), 2014-2019
Table 40: Chinese Personal Accident Insurance - Loss Ratio (%), 2010-2014
Table 41: Chinese Personal Accident Insurance - Loss Ratio (%), 2014-2019
Table 42: Chinese Health Insurance - Gross Written Premium by Sub-Category (CNY Billion), 2010-2014
Table 43: Chinese Health Insurance - Gross Written Premium by Sub-Category (US$ Billion), 2010-2014
Table 44: Chinese Health Insurance - Gross Written Premium by Sub-Category (CNY Billion), 2014-2019
Table 45: Chinese Health Insurance - Gross Written Premium by Sub-Category (US$ Billion), 2014-2019
Table 46: Chinese Non-Life Health Insurance - Direct Written Premium (CNY Billion), 2010-2014
Table 47: Chinese Non-Life Health Insurance - Direct Written Premium (CNY Billion), 2014-2019
Table 48: Chinese Non-Life Health Insurance - Paid Claims (CNY Billion), 2010-2014
Table 49: Chinese Non-Life Health Insurance - Paid Claims (CNY Billion), 2014-2019
Table 50: Chinese Non-Life Health Insurance - Loss Ratio (%), 2010-2014
Table 51: Chinese Non-Life Health Insurance - Loss Ratio (%), 2014-2019
Table 52: Chinese Non-Life Health Insurance - Net Written Premium (CNY Billion), 2010-2014
Table 53: Chinese Non-Life Health Insurance - Net Written Premium (CNY Billion), 2014-2019
Table 54: Chinese Life Health Insurance - Direct Written Premium (CNY Billion), 2010-2014
Table 55: Chinese Life Health Insurance - Direct Written Premium (CNY Billion), 2014-2019
Table 56: Chinese Life Health Insurance - Paid Claims (CNY Billion), 2010-2014
Table 57: Chinese Life Health Insurance - Paid Claims (CNY Billion), 2014-2019
Table 58: Chinese Life Health Insurance - Loss Ratio (%), 2010-2014
Table 59: Chinese Life Health Insurance - Loss Ratio (%), 2014-2019
Table 60: Chinese Life Health Insurance - Net Written Premium (CNY Billion), 2010-2014
Table 61: Chinese Life Health Insurance - Net Written Premium (CNY Billion), 2014-2019
Table 62: Chinese Personal Accident and Health Insurance - Segment Shares (%), 2014
Table 63: China Life Insurance Co., Ltd - Key Facts
Table 64: China Ping An Life Insurance Co., Ltd - Key Facts
Table 65: PICC Health Insurance Co., Ltd - Key Facts
Table 66: China Pacific Life Insurance Co., Ltd - Key Facts
Table 67: New China Life Insurance Co., Ltd�- Key Facts
Table 68: PICC Life Insurance Co., Ltd - Key Facts
Table 69: Ping An Annuity Insurance Co., Ltd - Key Facts
Table 70: Taikang Life Insurance Co., Ltd - Key Facts
Table 71: Taiping Life Insurance Co., Ltd - Key Facts
Table 72: Taiping Pension Company Ltd - Key Facts
Table 73: China - Insurance Regulatory Framework Key Features
Table 74: China - Life Insurance Regulatory Framework
Table 75: China - Property Insurance Regulatory Framework
Table 76: China - Motor Insurance Regulatory Framework
Table 77: China - The Evolution of Statutory Automobile Liability Insurance in China:
Table 78: China - Liability Insurance Regulatory Framework
Table 79: China - Corporate Tax Rates in China for the Financial Year 2016
Table 80: Insurance Industry Definitions