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China Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 45 Pages
  • March 2023
  • Region: China
  • MarketLine
  • ID: 5786194
Life Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
  • The Chinese life insurance market had total gross written premiums of $386.9 billion in 2022, representing a compound annual growth rate (CAGR) of 3.1% between 2017 and 2022.
  • The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $359.0 billion, equivalent to 92.8% of the market's overall value.
  • The Pension/Annuity segment contributed gross written premiums of $27.9 billion in 2022, equating to 7.2% of the market's aggregate value.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in China
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in China
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the China life insurance market with five year forecasts

Reasons to Buy

  • What was the size of the China life insurance market by value in 2022?
  • What will be the size of the China life insurance market in 2027?
  • What factors are affecting the strength of competition in the China life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in China's life insurance market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. Are any leading players currently facing problems?
8 Company Profiles
8.1. China Life Insurance Co Ltd
8.2. China Pacific Insurance (Group) Co Ltd
8.3. Ping An Insurance (Group) Company of China, Ltd.
8.4. Huaxia Life Insurance Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher
List of Tables
Table 1: China life insurance market value: $ billion, 2017-22
Table 2: China life insurance market category segmentation: % share, by value, 2017-2022
Table 3: China life insurance market category segmentation: $ billion, 2017-2022
Table 4: China life insurance market geography segmentation: $ billion, 2022
Table 5: China life insurance market value forecast: $ billion, 2022-27
Table 6: China life insurance market share: % share, by value, 2022
Table 7: China Life Insurance Co Ltd: key facts
Table 8: China Life Insurance Co Ltd: Key Employees
Table 9: China Life Insurance Co Ltd: Key Employees Continued
Table 10: China Pacific Insurance (Group) Co Ltd: key facts
Table 11: China Pacific Insurance (Group) Co Ltd: Annual Financial Ratios
Table 12: China Pacific Insurance (Group) Co Ltd: Key Employees
Table 13: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 14: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 15: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 16: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 17: Huaxia Life Insurance Co Ltd: key facts
Table 18: China size of population (million), 2018-22
Table 19: China gdp (constant 2005 prices, $ billion), 2018-22
Table 20: China gdp (current prices, $ billion), 2018-22
Table 21: China inflation, 2018-22
Table 22: China consumer price index (absolute), 2018-22
Table 23: China exchange rate, 2017-21
List of Figures
Figure 1: China life insurance market value: $ billion, 2017-22
Figure 2: China life insurance market category segmentation: $ billion, 2017-2022
Figure 3: China life insurance market geography segmentation: % share, by value, 2022
Figure 4: China life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in China, 2022
Figure 6: Drivers of buyer power in the life insurance market in China, 2022
Figure 7: Drivers of supplier power in the life insurance market in China, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in China, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in China, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in China, 2022
Figure 11: China life insurance market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • China Life Insurance Co Ltd
  • China Pacific Insurance (Group) Co Ltd
  • Ping An Insurance (Group) Company of China, Ltd.
  • Huaxia Life Insurance Co Ltd