China Insurance Sector Report 2017 4th Quarter

  • ID: 4496788
  • Report
  • Region: China
  • 66 pages
  • EMIS, A Euromoney Institutional Investor Company
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China's Insurance Sector Remained On a Growth Path in Q4 2017 With Insurance Premiums Increasing by 5.7% Y/Y

FEATURED COMPANIES

  • China Life Insurance
  • New China Life Insurance
  • Ping An Insurance
  • MORE
This report provides a complete and detailed analysis of the insurance sector for China. The Research presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:
  • Understand the key elements at play in the insurance sector in China
  • Access forecasts for growth in the sector
  • View key data on insurance premiums and claims in China.
  • Crystallise the forces both driving and restraining this sector in China
  • Assess market share for the life insurance, non-life and reinsurance sectors
  • Ascertain China’s position in the global sector
  • Understand the competitive landscape and who the major players are
  • View M&A activity and major deals
  • Gain an understanding of the regulatory environment for the sector in China
  • Build a clear picture of trends and issues for sub-sectors (life insurance, non-life insurance, reinsurance) and for retail channels.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • China Life Insurance
  • New China Life Insurance
  • Ping An Insurance
  • MORE
1. Executive Summary
Sector in Numbers
Sector Overview
Sector Snapshot
Driving Forces
Restraining Forces

2. Sector in Focus
Quarterly Update
China Insurance Sector Q3 201
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Quarterly Summary
Sector Outlook
Sector Highlights
Main Sector Indicators
Top M&A Deals
M&A Activity

3. Competitive Landscape
Highlights
Major Players
Top Companies
Top Foreign Companies
Subsector Concentration - Property Insurance
Subsector Concentration - Life Insurance

4. Companies in Focus
The People’s Insurance Company
China Life Insurance
Ping An Insurance
China Pacific Insurance Company
New China Life Insurance

5. Regulartory Environment
Government Policy
Segment Regulations
Recent Regulations

6. Property Insurance
Focus Point - Property Insurance Premiums, 201
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Highlights
Property Insurance Premiums

7. Life, Health and Accident Insurance
Focus Point - Life, Health and Accident
Insurance Premiums, 201
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Highlights
Main Subsector Indicators
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FEATURED COMPANIES

  • China Life Insurance
  • New China Life Insurance
  • Ping An Insurance
  • MORE
The insurance sector remained on a growth path in Q4 2017 with insurance premiums increasing by 5.7% y/y. However, the growth in the sector decelerated substantially in H2 2017 due to the tightening regulations and the saturation of the market in China’s biggest cities. In 2017, the growth in insurance premiums in Shanghai slowed down to 3.8% y/y from 35.9% y/y in 2016. In Beijing, the insurance premiums growth decelerated to 7.2% y/y from 31% y/y in 2016. Due to the slowdown in China’s tier-1 cities, the growth in insurance premiums decelerated in 2017 to 14.9% y/y from 25.3% y/y in the previous year. However, the growth in the less developed provinces remained strong, indicating the still high potential of the Chinese insurance market. The saturation of the insurance market in China’s largest cities resulted in a slowdown in the life and health insurance subsectors. The gross written premiums on life insurance policies decreased by 5.4% y/y in Q4 2017, while for the whole 2017 the life insurance premiums growth slowed down to 16% y/y from 26.2% y/y in 2016. On the other hand, onethird soared by 31.7% y/y in Q4 2017 mainly due to the low growth in the last quarter of 2016. The growth of health insurance premiums for the whole 2017 slowed down to 11.1% y/y after 66.9% y/y in 2016. In contrast with the life and health insurance segments, the property insurance subsector in China performed better in 2017 than in 2016. Driven by the strong growth in the real estate market, the premiums on property insurance policies improved by 12.8% y/y from 9.1% y/y in the previous year. The growth in the property insurance segment remained stable during the whole year. However, in Q4 2017 Chinese property insurance companies registered the slowest growth pace in the year of 10.6% y/y, while the highest growths were registered during Q2 and Q3 - of 14.1% y/y and 14.9% y/y, respectively.
Note: Product cover images may vary from those shown
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  • The People’s Insurance Company
  • China Life Insurance
  • Ping An Insurance
  • China Pacific Insurance Company
  • New China Life Insurance
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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