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Non-Life Insurance in China, Key Trends and Opportunities to 2015
BRICdata, Dec 2011, Pages: 223
The report provides top-level market analysis, information and insights into the Chinese non-life insurance industry, including:
- The Chinese non-life insurance industry’s growth prospects by product category and customer segment
- The various distribution channels in the Chinese non-life insurance industry
- The competitive landscape in the non-life insurance industry in China
- A description of the non-life reinsurance market in China
Despite the global financial crisis, the Chinese non-life insurance market continued to grow at a healthy rate. The market, at present, is dominated by domestic insurers, and collectively foreign non-life insurers account for a negligible share of the total market. Large domestic insurers are expected to dominate the market over the forecast period, with smaller domestic non-life insurers expected to increase their market share gradually. Although the Chinese non-life insurance market has recorded rapid growth over the 2006–2010 review period, it remains largely underpenetrated because of various limitations, including low product awareness, low penetration in rural areas and a lack of a robust distribution model.
This report provides a comprehensive analysis of the non-life insurance market in China:
- It provides historical values for China’s non-life insurance industry for the report’s 2006–2010 review period and forecast figures for the 2011–2015 forecast period
- It offers a detailed analysis of the key sub-segments in China’s non-life insurance industry, along with market forecasts until 2015
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for non-life insurance products in China
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in China for the non-life insurance business
- It provides a detailed analysis of the reinsurance market in China and its growth prospects
- 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 top-level historic and forecast market data related to the Chinese non-life insurance industry and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Chinese non-life insurance industry
- Assess the competitive dynamics in the non-life insurance industry, along with the reinsurance segment
- Identify the growth opportunities and industry dynamics within key product categories
- Gain insights into key regulations governing the Chinese insurance industry and its impact on companies and the industry's future
Key Highlights
- Despite the global economic crisis, the Chinese non-life insurance market has continued to grow at a healthy rate.
- The increasing penetration of major banks which sell insurance policies, alongside improving efficiency of other distribution channels, will lead to an increase in non-life insurance policy volumes.
- Domestic insurers are expected to dominate the market over the forecast period, while foreign non-life insurers are expected to gradually increase market shares.
- Although the Chinese non-life insurance market has seen rapid growth over the 2006–2010 review period, it remains largely underpenetrated due to low awareness, low penetration in rural areas, and protectionist policies of the Chinese government.
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