Non-Life Insurance in China industry profile provides top-line qualitative and quantitative summary information including: 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 non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Chinese non-life insurance market had total gross written premiums of $338.3million in 2022, representing a compound annual growth rate (CAGR) of 7.6% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $169.7million, equivalent to 50.2% of the market's overall value.
- The Property segment contributed gross written premiums of $48.1 million in 2022, equating to 14.2% of the market's aggregate value. The performance of the market is forecast to decelerate, with an anticipated CAGR of 7% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $473.9million by the end of 2027. (having confusion whether forecasted is accelerate or decelerate)
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in China
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China non-life insurance market with five year forecasts
Reasons to Buy
- What was the size of the China non-life insurance market by value in 2022?
- What will be the size of the China non-life insurance market in 2027?
- What factors are affecting the strength of competition in the China non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up China's non-life insurance market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
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
- The People's Insurance Company (Group) of China Ltd
- Ping An Insurance (Group) Company of China, Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 49 |
| Published | February 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 338.3 Billion |
| Forecasted Market Value ( USD | $ 473.89 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | China |
