Insurance in China - Market Summary, Competitive Analysis and Forecast to 2025

Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
The Chinese insurance market had total gross written premiums of $655.9bn in 2020, representing a compound annual growth rate (CAGR) of 10% between 2016 and 2020.
The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $347.6bn, equivalent to 53% of the market's overall value.
Growth in the Chinese market has been supported by the incorporation of new technologies into insurance companies’ product offerings, a trend which has been accelerated by the COVID-19 pandemic, as nationwide lockdowns and social distancing measures have restricted consumers’ ability to consult insurance firms in person.

Scope

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

Reasons to Buy

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Frequently Asked Questions about the Insurance Market in China

What is the estimated value of the Insurance Market in China?

The Insurance Market in China was estimated to be valued at $655.91 Billion in 2020.

What is the growth rate of the Insurance Market in China?

The growth rate of the Insurance Market in China is 4.4%, with an estimated value of $815.79 Billion by 2025.

What is the forecasted size of the Insurance Market in China?

The Insurance Market in China is estimated to be worth $815.79 Billion by 2025.

Who are the key companies in the Insurance Market in China?

Key companies in the Insurance Market in China include Ping An Insurance (Group) Company of China, Ltd., China Life Insurance Co Ltd, China Pacific Insurance (Group) Co Ltd and The People's Insurance Company (Group) of China Ltd.

Report Attribute	Details
No. of Pages	48
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 655.91 Billion
Forecasted Market Value ( USD ) by 2025	$ 815.79 Billion
Compound Annual Growth Rate	4.4%
Regions Covered	China

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. How has the COVID - 19 outbreak impacted the market?

8 Company Profiles

8.1. Ping An Insurance (Group) Company of China, Ltd.
8.2. China Life Insurance Co Ltd
8.3. China Pacific Insurance (Group) Co Ltd
8.4. The People's Insurance Company (Group) of China 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 insurance market value: $ billion, 2016 - 20
Table 2: China insurance market category segmentation: $ billion, 2020
Table 3: China insurance market geography segmentation: $ billion, 2020
Table 4: China insurance market value forecast: $ billion, 2020 - 25
Table 5: China insurance market share: % share, by value, 2020
Table 6: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 7: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 8: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 9: China Life Insurance Co Ltd: key facts
Table 10: China Life Insurance Co Ltd: Annual Financial Ratios
Table 11: China Life Insurance Co Ltd: Key Employees
Table 12: China Life Insurance Co Ltd: Key Employees Continued
Table 13: China Pacific Insurance (Group) Co Ltd: key facts
Table 14: China Pacific Insurance (Group) Co Ltd: Annual Financial Ratios
Table 15: China Pacific Insurance (Group) Co Ltd: Key Employees
Table 16: China Pacific Insurance (Group) Co Ltd: Key Employees Continued
Table 17: The People's Insurance Company (Group) of China Ltd: key facts
Table 18: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
Table 19: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 20: China size of population (million), 2016 - 20
Table 21: China gdp (constant 2005 prices, $ billion), 2016 - 20
Table 22: China gdp (current prices, $ billion), 2016 - 20
Table 23: China inflation, 2016 - 20
Table 24: China consumer price index (absolute), 2016 - 20
Table 25: China exchange rate, 2016 - 20

List of Figures

Figure 1: China insurance market value: $ billion, 2016 - 20
Figure 2: China insurance market category segmentation: % share, by value, 2020
Figure 3: China insurance market geography segmentation: % share, by value, 2020
Figure 4: China insurance market value forecast: $ billion, 2020 - 25
Figure 5: Forces driving competition in the insurance market in China, 2020
Figure 6: Drivers of buyer power in the insurance market in China, 2020
Figure 7: Drivers of supplier power in the insurance market in China, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in China, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in China, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in China, 2020
Figure 11: China insurance market share: % share, by value, 2020