China Insurance Sector Analysis (2006)

Publication Date	September 2006
Publisher	RNCOS
Product Type	Report
Pages	50
ISBN Number	not applicable
Product Code	RCS00142

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Summary

This recent report, "China Insurance Sector Analysis (2006)", provides extensive research and objective analysis about the growing insurance industry in China, its product quality, and services. This report helps clients to analyze the leading-edge opportunities critical to the success of the insurance Industry in China. Detailed data and analysis helps investor, financial service providers, and global banking players navigate the evolving market of insurance in China.

Key Products Analyzed

Key products like Life and Non Life are also analyzed, supported by the facts like revenue and the market trends.

Key Players

This section provides an overview of the key players in this industry like China Life Insurance, CITIC Group, Generali China Life, Manulife-Sinochem Life, China Pacific Life, PICC Property, Mitsui Sumitomo and Ping An Life.

Key Issues and Facts Analyzed

The research report also addresses the issues and facts that are critical to business success, such as:

What are the marketing strategies of the players in the insurance industry?
How is the growth in Health and Group insurance driving the Insurance sector in China?
How do the demographic factors, like death rate and birthrates affect the Chinese insurance market?
What are the emerging opportunity and challenges for the industry players?
What are the most prospective areas for investments in the insurance sector in near future?
Which factors will lead to the growth of Life and Non Life insurance in China?

Key Findings

The Chinese insurance market has shown a steady growth in the recent past. China has a population of over 1.3 billion and the top ten insurers in China only have approximately 10% share in the market. That means that 90% of the potential insurance market in China has yet not been tapped.
The total insurance market in China is expected to grow at the rate of more than 13% to reach the level of more than US$ 100 Billion from the year 2006 onwards.
Rapid growth in car sales is expected to propel growth in auto insurance, which accounts for more than 60% of China's non-life premium.

Research Methodology used

Information Sources

Information has been sourced from namely, Books, Newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to access to more than 3000 paid databases.

Analysis Methods

The analysis methods includes the following: Ratio Analysis, Historical Trend Analysis, Linear Regression Analysis using software tools, Judgmental Forecasting and Cause and Effect Analysis.

Content

1. Analyst View
2. Market Overview
3. Industry Overview
- 3.1 Global
- 3.2 Global Insurance Industry Forecast (2006-2009)
- 3.3 Asia vis--vis China
  - 3.3.1 Asia Pacific - Life Insurance and Pension Market
    - 3.3.1.1 China as a Percentage in Asian Life Insurance Market
    - 3.3.1.2 Asia Pacific Life Insurance Forecast (2006-2009)
  - 3.3.2 Asia Pacific - Non-life Insurance Market
    - 3.3.2.1 China as a Percentage in Asian Non-life Insurance Market
    - 3.3.2.2 Asia Pacific Non-life Insurance Forecast (2006-2009)
4. Industry Performance
- 4.1 Market Trends
- 4.2 Overview
- 4.3 Segmentation by Product
  - 4.3.1 Life Insurance
  - 4.3.2 Non-life Insurance
- 4.4 Segmentation by Insurers (Domestic & Foreign)
- 4.5 Future Outlook (2006-2009)
5. Key Strategies for Market Players
6. Driving Forces of the Industry
7. Opportunities and Challenges
- 7.1 Opportunities
- 7.2 Challenges
8. Latest News and Developments
9. Market Leaders
- 9.1 China Life Insurance Co. Ltd.
- 9.2 CITIC Group (China International Trust and Investment Corporation)
- 9.3 Generali China Life Insurance Co. Ltd.
- 9.4 Manulife-Sinochem Life Insurance Co. Ltd.
- 9.5 China Pacific Life Insurance Co. Ltd.
- 9.6 PICC Property & Casualty Co. Ltd.
- 9.7 Mitsui Sumitomo Insurance Co. Ltd.
- 9.8 Ping An Life Insurance Company
List of Figures:
- Figure 3-1: Global Insurance Market Segmentation (%), 2004
- Figure 3-2: Global Insurance Industry Segmentation by Region (%), 2004
- Figure 3-3: Global Non-life Insurance Market Segmentation (%), 2004
- Figure 3-4: Global Life Insurance Market Segmentation (%), 2004
- Figure 3-5: Global comparison of Contribution of Non-life and Life Insurance Premium (1995 & 2004)
- Figure 3-6: Global Insurance Market Forecast (in Billion USD), 2006-2009
- Figure 3-7: Asia Pacific - Life Insurance & Pension Market (in Billion USD), 2000-2004
- Figure 3-8: Asia Pacific - Life Insurance & Pension Market by Type (%), 2004
- Figure 3-9: Asia Pacific - Life Insurance & Pension Market by Geographical Regions (%), 2004
- Figure 3-10: Asia Pacific - Life Insurance Market Forecast (in Billion USD), 2006-2009
- Figure 3-11: Asia Pacific - Non-life Insurance Market (in Billion USD), 2000-2004
- Figure 3-12: Asia Pacific - Non-life Insurance Market Segmentation (%), 2004
- Figure 3-13: Asia Pacific - Non-life Insurance & Pension Market by Countries (%), 2004
- Figure 3-14: Asia Pacific - Non-life Insurance Market Forecast (in Billion USD), 2006-2009
- Figure 4-1: China - Insurance Industry Share in Asia Pacific (%), 2004
- Figure 4-2: China - Insurance Market Value (in Billion USD), 2000-2004
- Figure 4-3: China - Insurance Market Segmentation (%), 2004
- Figure 4-4: China - Total Insurance Growth (%), 1995-2004
- Figure 4-5: China - Life Insurance Growth (%), 1995-2004
- Figure 4-6: China - Non-life Insurance Growth (%), 1995-2004
- Figure 4-7: China - Market Share of Domestic Life Insurers (%), 2004
- Figure 4-8: China - Market Share of Foreign Life Insurers (%), 2004
- Figure 4-9: China - Market Share of Domestic Property Insurers (%), 2004
- Figure 4-10: China - Market Share of Foreign Property Insurers (%), 2004
- Figure 4-11: China - Insurance Market Value Forecast (in Billion USD), 2006-2009
- Figure 4-12: China - Life Insurance Market Forecast (in Billion USD), 2006-2009
- Figure 4-13: China - Non-life Insurance Market Forecast (in Billion USD), 2006-2009
- Figure 4-14: China - Forecast for Insurance IT Spending (in Billion USD), 2006-2009
- Figure 6-1: China - Population (in Million), 2001-2005
- Figure 6-2: China - GDP Growth (in Trillion), 2001-2009
- Figure 6-3: China - Population by Birth & Death Rate (%), 2001-2004
- Figure 7-1: China - Population by Age-group (%), 2006-2010
- Figure 7-2: China - Birth & Death Rate as per Region (%), 2004
- Figure 9-1: China Life Insurance - Stock Performance
- Figure 9-2: Mitsui - Stock Performance
List of Tables:
- Table 3-1: Global Life and Non-life Insurance Premiums (in Million USD), 1995-2004
- Table 3-2: Global Top Ten Countries on the basis of Premium Collection (in Million USD), 2004
- Table 3-3: Global Leading Insurers Revenue-wise (in Million USD), 2004
- Table 4-1: China - Premiums of Life Insurers (in Million USD), Jan-Dec, 2004
- Table 4-2: China - Premiums of Property Insurers (in Million USD), Jan-Dec 2004
- Table 5-1: Foreign and Joint-venture Insurance Companies (1992-2004)