Life Insurance in China, Key Trends and Opportunities to 2018

Life Insurance in China, Key Trends and Opportunities to 2018

Synopsis
Timetric’s 'Life Insurance in China, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Chinese life insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary
Timetric’s 'Life Insurance in China, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Chinese life insurance segment, including:

• The Chinese life insurance segment’s growth prospects by life insurance category

• Key trends, drivers and challenges for the life insurance segment

• The various distribution channels in the Chinese life insurance segment

• The detailed competitive landscape in the life insurance segment in China

• Detailed regulatory policies of the Chinese insurance industry

• Analysis of various consumer segments in Chinese life insurance

• New product launches of the leading life insurers

• Key developments of the leading life insurers

Scope
This report provides a comprehensive analysis of the life insurance segment in China:

• It provides historical values for the Chinese life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.

• It offers a detailed analysis of the key categories in the Chinese life insurance segment, along with market forecasts until 2018.

• 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 life insurance products in China.

• It profiles the top life insurance companies in China and outlines the key regulations affecting them.

Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Chinese life insurance segment and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Chinese life insurance segment.

• Assess the competitive dynamics in the life insurance segment.

• Identify the growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Chinese insurance industry and their impact on companies and the industry's future.

Key Highlights
• With the exception of the life segment’s decline in 2010–2011, the segment’s gross written premium increased at a CAGR of 7.1% during the review period.

• The Chinese insurance regulator introduced many regulatory changes in the review period.

• According to CIRC, the rigid interest rate ceiling, adopted in 1999, hampered the development of life insurance, making all the products similar in nature.

• In August 2013, the CIRC lifted the interest rate cap of 2.5% on guaranteed life insurance products.

• Life insurers in China have long been deviated from selling core life insurance products including term-life and whole life to its consumers.

• Their focus has always been on saving and investment related plans with protection as a supplement product.

• Despite the domination of agencies, bancassurance is growing and had a share of 39.5% of the total new written premium in 2013.
Table of Contents
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Chinese Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009-2018
5 Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Life Insurance Growth Prospects by Category
5.6 Individual Life Insurance
5.6.1 Individual whole life insurance
5.6.2 Individual general annuity insurance
5.6.3 Individual other insurance
5.7 Group Life Insurance
5.8 Life Insurance Growth Prospects by Customer Segment
5.8.1 Individual single-premium insurance
5.8.2 Individual non-single-premium insurance
5.8.3 Group single-premium insurance
5.8.4 Group non-single-premium insurance
5.9 Life Insurance Growth Prospects by Product Type
5.9.1 Total linked insurance business
5.9.2 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-Commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Environmental liability insurance
7.4.3 Social security system
7.4.4 Aviation liability insurance
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors (IAIS)
7.5.2 China Insurance Regulatory Commission (CIRC)
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Corporate tax
7.8.3 VAT
7.8.4 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Chinese Life Insurance Segment
8.3 Leading Life Insurers - New Product Launches
8.4 Leading Life Insurers - Key Developments
8.5 China Life Insurance Co., Ltd - Company Overview
8.5.1 China Life Insurance Co., Ltd - key facts
8.5.2 China Life Insurance Co., Ltd - key financials
8.6 China Ping An Life Insurance Co., Ltd - Company Overview
8.6.1 China Ping An Life Insurance Co., Ltd - key facts
8.6.2 China Ping An Life Insurance Co., Ltd - key financials
8.7 New China Life Insurance Co., Ltd - Company Overview
8.7.1 New China Life Insurance Co., Ltd - key facts
8.7.2 New China Life Insurance Co., Ltd - key financials
8.8 China Pacific Life Insurance Co., Ltd - Company Overview
8.8.1 China Pacific Life Insurance Co., Ltd - key facts
8.8.2 China Pacific Life Insurance Co., Ltd - key financials
8.9 PICC Life Insurance Co., Ltd - Company Overview
8.9.1 PICC Life Insurance Co., Ltd - key facts
8.9.2 PICC Life Insurance Co., Ltd - key financials
8.1 Taikang Life Insurance Co., Ltd - Company Overview
8.10.1 Taikang Life Insurance Co., Ltd - key facts
8.10.2 Taikang Life Insurance Co., Ltd - key financials
8.11 Taiping Life Insurance Co., Ltd - Company Overview
8.11.1 Taiping Life Insurance Co., Ltd - key facts
8.11.2 Taiping Life Insurance Co., Ltd - key financials
8.12 China Post Life Insurance Co., Ltd - Company Overview
8.12.1 China Post Life Insurance Co., Ltd - key facts
8.12.2 China Post Life Insurance Co., Ltd - key financials
8.13 Sino Life Insurance Co., Ltd - Company Overview
8.13.1 Sino Life Insurance Co., Ltd - key facts
8.13.2 Sino Life Insurance Co., Ltd - key financials
8.14 Sunshine Life Insurance Co., Ltd - Company Overview
8.14.1 Sunshine Life Insurance Co., Ltd - key facts
8.14.2 Sunshine Life Insurance Co., Ltd - key financials
9 Appendix -1
9.1 Business Confidence
9.1.1 Market capitalization trend - Shanghai Stock Exchange, China
9.2 Economic Performance
9.2.1 GDP at constant prices (US$)
9.2.2 GDP per capita at constant prices (US$)
9.2.3 GDP at current prices (US$)
9.2.4 GDP per capita at current prices (US$)
9.2.5 GDP by key segments
9.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
9.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
9.2.8 Manufacturing net output at current prices (US$)
9.2.9 Manufacturing net output at current prices as a percentage of GDP
9.2.10 Mining, manufacturing and utilities at current prices (US$)
9.2.11 Mining, manufacturing and utilities at current prices as percentage of GDP
9.2.12 Construction net output at current prices (US$)
9.2.13 Construction net output at current prices as a percentage of GDP
9.2.14 Inflation rate
9.2.15 Exports as a percentage of GDP
9.2.16 Imports as a percentage of GDP
9.2.17 Annual average exchange rate US$-CNY
9.3 Infrastructure
9.3.1 Commercial vehicle exports - total value
9.3.2 Commercial vehicle imports - total value
9.3.3 Automotive exports - total value
9.3.4 Automotive imports - total value
9.3.5 Total internet subscribers
9.4 Labor Force
9.4.1 Labor force
9.4.2 Unemployment rate
9.5 Demographics
9.5.1 Household consumption expenditure (US$)
9.5.2 Total population
9.5.3 Urban and rural populations
9.5.4 Age distribution of the total population
10 Appendix -2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric's Services
10.5 Disclaimer

List of Tables
Table 1: Chinese Life Insurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Chinese Insurance Industry - Gross Written Premium by Segment (CNY Billion), 2009-2013
Table 4: Chinese Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 5: Chinese Insurance Industry - Gross Written Premium by Segment (CNY Billion), 2013-2018
Table 6: Chinese Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 7: Chinese Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018
Table 8: Chinese Insurance Industry - Direct Written Premium by Segment (CNY Billion), 2009-2013
Table 9: Chinese Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 10: Chinese Insurance Industry - Direct Written Premium by Segment (CNY Billion), 2013-2018
Table 11: Chinese Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 12: Chinese Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018
Table 13: Chinese Life Insurance - Gross Written Premium by Category (CNY Billion), 2009-2013
Table 14: Chinese Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013
Table 15: Chinese Life Insurance - Gross Written Premium by Category (CNY Billion), 2013-2018
Table 16: Chinese Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018
Table 17: Chinese Life Insurance - New Business Written Premium (CNY Billion), 2009-2013
Table 18: Chinese Life Insurance - New Business Written Premium (CNY Billion), 2013-2018
Table 19: Chinese Life Insurance - Earned Premium (CNY Billion), 2009-2013
Table 20: Chinese Life Insurance - Earned Premium (CNY Billion), 2013-2018
Table 21: Chinese Life Insurance - Sum Assured (CNY Trillion), 2009-2013
Table 22: Chinese Life Insurance - Sum Assured (CNY Trillion), 2013-2018
Table 23: Chinese Life Insurance - Paid Claims (CNY Billion), 2009-2013
Table 24: Chinese Life Insurance - Paid Claims (CNY Billion), 2013-2018
Table 25: Chinese Life Insurance - Incurred Loss (CNY Billion), 2009-2013
Table 26: Chinese Life Insurance - Incurred Loss (CNY Billion), 2013-2018
Table 27: Chinese Life Insurance - Loss Ratio (%), 2009-2013
Table 28: Chinese Life Insurance - Loss Ratio (%), 2013-2018
Table 29: Chinese Life Insurance - Commissions and Expenses (CNY Billion), 2009-2013
Table 30: Chinese Life Insurance - Commissions and Expenses (CNY Billion), 2013-2018
Table 31: Chinese Life Insurance - Combined Ratio (%), 2009-2013
Table 32: Chinese Life Insurance - Combined Ratio (%), 2013-2018
Table 33: Chinese Life Insurance - Fraud and Crimes (CNY Billion), 2009-2013
Table 34: Chinese Life Insurance - Fraud and Crimes (CNY Billion), 2013-2018
Table 35: Chinese Life Insurance - Total Assets (CNY Trillion), 2009-2013
Table 36: Chinese Life Insurance - Total Assets (CNY Trillion), 2013-2018
Table 37: Chinese Life Insurance - Total Investment Income (CNY Billion), 2009-2013
Table 38: Chinese Life Insurance - Total Investment Income (CNY Billion), 2013-2018
Table 39: Chinese Life Insurance - Retentions (CNY Billion), 2009-2013
Table 40: Chinese Life Insurance - Retentions (CNY Billion), 2013-2018
Table 41: Chinese Individual Life Insurance - Gross Written Premium by Category (CNY Billion), 2009-2013
Table 42: Chinese Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013
Table 43: Chinese Individual Life Insurance - Gross Written Premium by Category (CNY Billion), 2013-2018
Table 44: Chinese Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018
Table 45: Chinese Individual Life Insurance - Direct Written Premium by Category (CNY Billion), 2009-2013
Table 46: Chinese Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013
Table 47: Chinese Individual Life Insurance - Direct Written Premium by Category (CNY Billion), 2013-2018
Table 48: Chinese Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018
Table 49: Chinese Individual Life Insurance - Policies by Category (Thousand), 2009-2013
Table 50: Chinese Individual Life Insurance - Policies by Category (Thousand), 2013-2018
Table 51: Chinese Individual Whole Life Insurance - Number of Active Policies (Million), 2009-2013
Table 52: Chinese Individual Whole Life Insurance - Number of Active Policies (Million), 2013-2018
Table 53: Chinese Individual Whole Life Insurance - Gross Written Premium (CNY Billion), 2009-2013
Table 54: Chinese Individual Whole Life Insurance - Gross Written Premium (CNY Billion), 2013-2018
Table 55: Chinese Individual General Annuity Insurance - Number of Active Policies (Million), 2009-2013
Table 56: Chinese Individual General Annuity Insurance - Number of Active Policies (Million), 2013-2018
Table 57: Chinese Individual General Annuity Insurance - Gross Written Premium (CNY Billion), 2009-2013
Table 58: Chinese Individual General Annuity Insurance - Gross Written Premium (CNY Billion), 2013-2018
Table 59: Chinese Other Individual Insurance - Number of Active Policies (Thousand), 2009-2013
Table 60: Chinese Other Individual Insurance - Number of Active Policies (Thousand), 2013-2018
Table 61: Chinese Other Individual Insurance - Gross Written Premium (CNY Million), 2009-2013
Table 62: Chinese Other Individual Insurance - Gross Written Premium (CNY Million), 2013-2018
Table 63: Chinese Group Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 64: Chinese Group Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 65: Chinese Group Life Insurance - Gross Written Premium (CNY Billion), 2009-2013
Table 66: Chinese Group Life Insurance - Gross Written Premium (CNY Billion), 2013-2018
Table 67: Chinese Individual Single-Premium Insurance - Number of Active Policies (Million), 2009-2013
Table 68: Chinese Individual Single-Premium Insurance - Number of Active Policies (Million), 2013-2018
Table 69: Chinese Individual Single-Premium Insurance - Gross Written Premium (CNY Billion), 2009-2013
Table 70: Chinese Individual Single-Premium Insurance - Gross Written Premium (CNY Billion), 2013-2018
Table 71: Chinese Individual Single-Premium Insurance - Direct Written Premium (CNY Billion), 2009-2013
Table 72: Chinese Individual Single-Premium Insurance - Direct Written Premium (CNY Billion), 2013-2018
Table 73: Chinese Individual Non-Single-Premium Insurance - Number of Active Policies (Million), 2009-2013
Table 74: Chinese Individual Non-Single-Premium Insurance - Number of Active Policies (Million), 2013-2018
Table 75: Chinese Individual Non-Single-Premium Insurance - Gross Written Premium (CNY Billion), 2009-2013
Table 76: Chinese Individual Non-Single-Premium Insurance - Gross Written Premium (CNY Billion), 2013-2018
Table 77: Chinese Individual Non-Single-Premium Insurance - Direct Written Premium (CNY Billion), 2009-2013
Table 78: Chinese Individual Non-Single-Premium Insurance - Direct Written Premium (CNY Billion), 2013-2018
Table 79: Chinese Group Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 80: Chinese Group Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 81: Chinese Group Single-Premium Insurance - Gross Written Premium (CNY Million), 2009-2013
Table 82: Chinese Group Single-Premium Insurance - Gross Written Premium (CNY Million), 2013-2018
Table 83: Chinese Group Single-Premium Insurance - Direct Written Premium (CNY Million), 2009-2013
Table 84: Chinese Group Single-Premium Insurance - Direct Written Premium (CNY Million), 2013-2018
Table 85: Chinese Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 86: Chinese Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 87: Chinese Group Non-Single-Premium Insurance - Gross Written Premium (CNY Billion), 2009-2013
Table 88: Chinese Group Non-Single-Premium Insurance - Gross Written Premium (CNY Billion), 2013-2018
Table 89: Chinese Group Non-Single-Premium Insurance - Direct Written Premium (CNY Billion), 2009-2013
Table 90: Chinese Group Non-Single-Premium Insurance - Direct Written Premium (CNY Billion), 2013-2018
Table 91: Chinese Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
Table 92: Chinese Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
Table 93: Chinese Linked Insurance Business - Gross Written Premium (CNY Million), 2009-2013
Table 94: Chinese Linked Insurance Business - Gross Written Premium (CNY Million), 2013-2018
Table 95: Chinese Linked Insurance Business - Direct Written Premium (CNY Million), 2009-2013
Table 96: Chinese Linked Insurance Business - Direct Written Premium (CNY Million), 2013-2018
Table 97: Chinese Non-Linked Insurance Business - Number of Active Policies (Million), 2009-2013
Table 98: Chinese Non-Linked Insurance Business - Number of Active Policies (Million), 2013-2018
Table 99: Chinese Non-Linked Insurance Business - Gross Written Premium (CNY Billion), 2009-2013
Table 100: Chinese Non-Linked Insurance Business - Gross Written Premium (CNY Billion), 2013-2018
Table 101: Chinese Non-Linked Insurance Business - Direct Written Premium (CNY Billion), 2009-2013
Table 102: Chinese Non-Linked Insurance Business - Direct Written Premium (CNY Billion), 2013-2018
Table 103: Chinese Life Insurance - Direct Marketing Commission Paid (CNY Billion), 2009-2013
Table 104: Chinese Life Insurance - Direct Marketing Commission Paid (CNY Billion), 2013-2018
Table 105: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2009-2013
Table 106: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2013-2018
Table 107: Chinese Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
Table 108: Chinese Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
Table 109: Chinese Life Insurance - Number of Direct Marketing Distributors (Thousand), 2009-2013
Table 110: Chinese Life Insurance - Number of Direct Marketing Distributors (Thousand), 2013-2018
Table 111: Chinese Life Insurance - Bancassurance Commission Paid (CNY Billion), 2009-2013
Table 112: Chinese Life Insurance - Bancassurance Commission Paid (CNY Billion), 2013-2018
Table 113: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2009-2013
Table 114: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2013-2018
Table 115: Chinese Life Insurance - New Policies Sold Through Bancassurance (Million), 2009-2013
Table 116: Chinese Life Insurance - New Policies Sold Through Bancassurance (Million), 2013-2018
Table 117: Chinese Life Insurance - Number of Bancassurance Distributors, 2009-2013
Table 118: Chinese Life Insurance - Number of Bancassurance Distributors, 2013-2018
Table 119: Chinese Life Insurance - Commission Paid to Agencies (CNY Billion), 2009-2013
Table 120: Chinese Life Insurance - Commission Paid to Agencies (CNY Billion), 2013-2018
Table 121: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2009-2013
Table 122: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2013-2018
Table 123: Chinese Life Insurance - New Policies Sold Through Agencies (Million), 2009-2013
Table 124: Chinese Life Insurance - New Policies Sold Through Agencies (Million), 2013-2018
Table 125: Chinese Life Insurance - Number of Agencies, 2009-2013
Table 126: Chinese Life Insurance - Number of Agencies, 2013-2018
Table 127: Chinese Life Insurance - E-Commerce Commission Paid (CNY Million), 2009-2013
Table 128: Chinese Life Insurance - E-Commerce Commission Paid (CNY Million), 2013-2018
Table 129: Chinese Life Insurance - New Business Gross Written Premium (CNY Million), 2009-2013
Table 130: Chinese Life Insurance - Gross Written Premium New Business (CNY Billion), 2013-2018
Table 131: Chinese Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013
Table 132: Chinese Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018
Table 133: Chinese Life Insurance - Number of E-Commerce Distributors, 2009-2013
Table 134: Chinese Life Insurance - Number of E-Commerce Distributors, 2013-2018
Table 135: Chinese Life Insurance - Commission Paid to Brokers (CNY Million), 2009-2013
Table 136: Chinese Life Insurance - Commission Paid to Brokers (CNY Million), 2013-2018
Table 137: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2009-2013
Table 138: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2013-2018
Table 139: Chinese Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013
Table 140: Chinese Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018
Table 141: Chinese Life Insurance - Number of Brokers, 2009-2013
Table 142: Chinese Life Insurance - Number of Brokers, 2013-2018
Table 143: Chinese Life Insurance - Commission Paid to Other Channels (CNY Billion), 2009-2013
Table 144: Chinese Life Insurance - Commission Paid to Other Channels (CNY Billion), 2013-2018
Table 145: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2009-2013
Table 146: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2013-2018
Table 147: Chinese Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013
Table 148: Chinese Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018
Table 149: Chinese Life Insurance - Number of Distributors in Other Channels, 2009-2013
Table 150: Chinese Life Insurance - Number of Distributors in Other Channels, 2013-2018
Table 151: China - Life Insurance Regulatory Framework
Table 152: China - Property Insurance Regulatory Framework
Table 153: China - Motor Insurance Regulatory Framework
Table 154: China - The Evolution of Statutory Automobile Liability Insurance (SALI) in China:
Table 155: China - Liability Insurance Regulatory Framework
Table 156: China - Corporate Tax Rates in China for the Financial Year 2015
Table 157: Shares of Key Insurers in the Chinese Life Insurance Segment (%), 2013
Table 158: China Life Insurance Co., Ltd - Key Facts
Table 159: China Life Insurance Co., Ltd - Key Financials (CNY Billion), 2009-2013
Table 160: China Ping An Life Insurance Co., Ltd - Key Facts
Table 161: China Ping An Life Insurance Co., Ltd - Key Financials (CNY Billion), 2009-2013
Table 162: New China Life Insurance Co., Ltd - Key Facts
Table 163: New China Life Insurance Co., Ltd - Key Financials (CNY Billion), 2010-2013
Table 164: China Pacific Life Insurance Co., Ltd - Key Facts
Table 165: China Pacific Life Insurance Co., Ltd - Key Financials (CNY Billion), 2009-2013
Table 166: PICC Life Insurance Co., Ltd - Key Facts
Table 167: PICC Life Insurance Co., Ltd - Key Financials (CNY Billion), 2011-2013
Table 168: Taikang Life Insurance Co., Ltd - Key Facts
Table 169: Taikang Life Insurance Co., Ltd - Key Financials (CNY Billion), 2010-2013
Table 170: Taiping Life Insurance Co., Ltd - Key Facts
Table 171: Taiping Life Insurance Co., Ltd - Key Financials (CNY Billion), 2009-2012
Table 172: China Post Life Insurance Company Ltd - Key Facts
Table 173: China Post Life Insurance Co., Ltd - Key Financials (CNY Billion), 2009-2013
Table 174: Sino Life Insurance Co., Ltd - Key Facts
Table 175: Sino Life Insurance Co., Ltd - Key Financials (CNY Billion), 2009-2013
Table 176: Sunshine Life Insurance Co., Ltd - Key Facts
Table 177: Sunshine Life Insurance Co., Ltd - Key Financials (CNY Billion), 2009-2012

List of Figures
Figure 1: Chinese Insurance Industry - Gross Written Premium by Segment (CNY Billion), 2009-2018
Figure 2: Chinese Insurance Industry - Gross Written Premium Dynamics by Segment (2009-2018)
Figure 3: Chinese Insurance Industry - Direct Written Premium by Segment (CNY Billion), 2009-2018
Figure 4: Chinese Insurance Industry - Direct Written Premium Dynamics by Segment (2009-2018)
Figure 5: Chinese Life Insurance - Number of Active Policies and Gross Written Premium (Percentage Share), 2009 and 2013
Figure 6: China - Rural and Urban Populations (%), 2009 and 2013
Figure 7: Chinese Population Distribution by Age Group (%), 2009-2013
Figure 8: Chinese Life Insurance - Gross Written Premium by Category (CNY Billion), 2009-2018
Figure 9: Chinese Life Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 10: Chinese Life Insurance - Gross Written Premium Dynamics by Segment (2009-2018)
Figure 11: Chinese Life Insurance - New Business Written Premium (CNY Billion), 2009-2013
Figure 12: Chinese Life Insurance - New Business Written Premium (CNY Billion), 2013-2018
Figure 13: Chinese Life Insurance - Earned Premium (CNY Billion), 2009-2013
Figure 14: Chinese Life Insurance - Earned Premium (CNY Billion), 2013-2018
Figure 15: Chinese Life Insurance - Sum Assured (CNY Trillion), 2009-2013
Figure 16: Chinese Life Insurance - Sum Assured (CNY Trillion), 2013-2018
Figure 17: Chinese Life Insurance - Paid Claims (CNY Billion), 2009-2013
Figure 18: Chinese Life Insurance - Paid Claims (CNY Billion), 2013-2018
Figure 19: Chinese Life Insurance - Incurred Loss (CNY Billion), 2009-2013
Figure 20: Chinese Life Insurance - Incurred Loss (CNY Billion), 2013-2018
Figure 21: Chinese Life Insurance - Loss Ratio (%), 2009-2013
Figure 22: Chinese Life Insurance - Loss Ratio (%), 2013-2018
Figure 23: Chinese Life Insurance - Commissions and Expenses (CNY Billion), 2009-2013
Figure 24: Chinese Life Insurance - Commissions and Expenses (CNY Billion), 2013-2018
Figure 25: Chinese Life Insurance - Combined Ratio (%), 2009-2013
Figure 26: Chinese Life Insurance - Combined Ratio (%), 2013-2018
Figure 27: Chinese Life Insurance - Fraud and Crimes (CNY Billion), 2009-2013
Figure 28: Chinese Life Insurance - Fraud and Crimes (CNY Billion), 2013-2018
Figure 29: Chinese Life Insurance - Total Assets (CNY Trillion), 2009-2013
Figure 30: Chinese Life Insurance - Total Assets (CNY Trillion), 2013-2018
Figure 31: Chinese Life Insurance - Total Investment Income (CNY Billion), 2009-2013
Figure 32: Chinese Life Insurance - Total Investment Income (CNY Billion), 2013-2018
Figure 33: Chinese Life Insurance - Retentions (CNY Billion), 2009-2013
Figure 34: Chinese Life Insurance - Retentions (CNY Billion), 2013-2018
Figure 35: Chinese Life Insurance - Investment Portfolio (CNY Billion), 2009-2013
Figure 36: Chinese Life Insurance - Investment Portfolio, 2002018and 2013
Figure 37: Chinese Life Insurance - Penetration (%), 2009-2013
Figure 38: Chinese Life Insurance - Density (Number of Policies per Capita), 2009-2013
Figure 39: Chinese Life Insurance - Number of Active Policies (Million), 2009-2013
Figure 40: Chinese Life Insurance - Number of Active Policies (Million), 2013-2018
Figure 41: Chinese Life Insurance - Number of New Policies Sold (Million), 2009-2013
Figure 42: Chinese Life Insurance - Number of New Policies Sold (Million), 2013-2018
Figure 43: Chinese Life Insurance - Premium Per Capita (CNY), 2009-2013
Figure 44: Chinese Individual Life Insurance - Gross Written Premium by Category (CNY Billion), 2009-2018
Figure 45: Chinese Individual Life Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 46: Chinese Individual Life Insurance - Gross Written Premium Dynamics by Category, 2009-2018
Figure 47: Chinese Individual Life Insurance - Direct Written Premium by Category (CNY Billion), 2009-2018
Figure 48: Chinese Individual Life Insurance - Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 49: Chinese Individual Life Insurance - Direct Written Premium Dynamics by Category, 2009-2018
Figure 50: Chinese Individual Life Insurance - Policies by Category (Million), 2009-2018
Figure 51: Chinese Individual Life Insurance - Policies by Category (Percentage Share), 2013 and 2018
Figure 52: Chinese Individual Life Insurance - Policies Dynamics by Category, 2009-2018
Figure 53: Chinese Individual Whole Life Insurance - Number of Active Policies (Million), 2009-2013
Figure 54: Chinese Individual Whole Life Insurance - Number of Active Policies (Million), 2013-2018
Figure 55: Chinese Individual Whole Life Insurance - Gross Written Premium (CNY Billion), 2009-2013
Figure 56: Chinese Individual Whole Life Insurance - Gross Written Premium (CNY Billion), 2013-2018
Figure 57: Chinese Individual General Annuity Insurance - Number of Active Policies (Million), 2009-2013
Figure 58: Chinese Individual General Annuity Insurance - Number of Active Policies (Million), 2013-2018
Figure 59: Chinese Individual General Annuity Insurance - Gross Written Premium (CNY Billion), 2009-2013
Figure 60: Chinese Individual General Annuity Insurance - Gross Written Premium (CNY Billion), 2013-2018
Figure 61: Chinese Other Individual Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 62: Chinese Other Individual Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 63: Chinese Other Individual Insurance - Gross Written Premium (CNY Million), 2009-2013
Figure 64: Chinese Other Individual Insurance - Gross Written Premium (CNY Million), 2013-2018
Figure 65: Chinese Group Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 66: Chinese Group Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 67: Chinese Group Life Insurance - Gross Written Premium (CNY Billion), 2009-2013
Figure 68: Chinese Group Life Insurance - Gross Written Premium (CNY Billion), 2013-2018
Figure 69: Chinese Individual Single-Premium Insurance - Number of Active Policies (Million), 2009-2013
Figure 70: Chinese Individual Single-Premium Insurance - Number of Active Policies (Million), 2013-2018
Figure 71: Chinese Individual Single-Premium Insurance - Gross Written Premium (CNY Billion), 2009-2013
Figure 72: Chinese Individual Single-Premium Insurance - Gross Written Premium (CNY Billion), 2013-2018
Figure 73: Chinese Individual Single-Premium Insurance - Direct Written Premium (CNY Billion), 2009-2013
Figure 74: Chinese Individual Single-Premium Insurance - Direct Written Premium (CNY Billion), 2013-2018
Figure 75: Chinese Individual Non-Single-Premium Insurance - Number of Active Policies (Million), 2009-2013
Figure 76: Chinese Individual Non-Single-Premium Insurance - Number of Active Policies (Million), 2013-2018
Figure 77: Chinese Individual Non-Single-Premium Insurance - Gross Written Premium (CNY Billion), 2009-2013
Figure 78: Chinese Individual Non-Single-Premium Insurance - Gross Written Premium (CNY Billion), 2013-2018
Figure 79: Chinese Individual Non-Single-Premium Insurance - Direct Written Premium (CNY Billion), 2009-2013
Figure 80: Chinese Individual Non-Single-Premium Insurance - Direct Written Premium (CNY Billion), 2013-2018
Figure 81: Chinese Group Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 82: Chinese Group Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 83: Chinese Group Single-Premium Insurance - Gross Written Premium (CNY Million), 2009-2013
Figure 84: Chinese Group Single-Premium Insurance - Gross Written Premium (CNY Million), 2013-2018
Figure 85: Chinese Group Single-Premium Insurance - Direct Written Premium (CNY Million), 2009-2013
Figure 86: Chinese Group Single-Premium Insurance - Direct Written Premium (CNY Million), 2013-2018
Figure 87: Chinese Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 88: Chinese Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 89: Chinese Group Non-Single-Premium Insurance - Gross Written Premium (CNY Billion), 2009-2013
Figure 90: Chinese Group Non-Single-Premium Insurance - Gross Written Premium (CNY Billion), 2013-2018
Figure 91: Chinese Group Non-Single-Premium Insurance - Direct Written Premium (CNY Billion), 2009-2013
Figure 92: Chinese Group Non-Single-Premium Insurance - Direct Written Premium (CNY Billion), 2013-2018
Figure 93: Chinese Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
Figure 94: Chinese Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
Figure 95: Chinese Linked Insurance Business - Gross Written Premium (CNY Million), 2009-2013
Figure 96: Chinese Linked Insurance Business - Gross Written Premium (CNY Million), 2013-2018
Figure 97: Chinese Linked Insurance Business - Direct Written Premium (CNY Million), 2009-2013
Figure 98: Chinese Linked Insurance Business - Direct Written Premium (CNY Million), 2013-2018
Figure 99: Chinese Non-Linked Insurance Business - Number of Active Policies (Million), 2009-2013
Figure 100: Chinese Non-Linked Insurance Business - Number of Active Policies (Million), 2013-2018
Figure 101: Chinese Non-Linked Insurance Business - Gross Written Premium (CNY Billion), 2009-2013
Figure 102: Chinese Non-Linked Insurance Business - Gross Written Premium (CNY Billion), 2013-2018
Figure 103: Chinese Non-Linked Insurance Business - Direct Written Premium (CNY Billion), 2009-2013
Figure 104: Chinese Non-Linked Insurance Business - Direct Written Premium (CNY Billion), 2013-2018
Figure 105: Chinese Life Insurance - New Business Gross Written Premium by Distribution Channel (Percentage Share), 2013 and 2018
Figure 106: Chinese Life Insurance - Direct Marketing Commission Paid (CNY Billion), 2009-2013
Figure 107: Chinese Life Insurance - Direct Marketing Commission Paid (CNY Billion), 2013-2018
Figure 108: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2009-2013
Figure 109: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2013-2018
Figure 110: Chinese Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
Figure 111: Chinese Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
Figure 112: Chinese Life Insurance - Number of Direct Marketing Distributors (Thousand), 2009-2013
Figure 113: Chinese Life Insurance - Number of Direct Marketing Distributors(Thousand), 2013-2018
Figure 114: Chinese Life Insurance - Bancassurance Commission Paid (CNY Billion), 2009-2013
Figure 115: Chinese Life Insurance - Bancassurance Commission Paid (CNY Billion), 2013-2018
Figure 116: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2009-2013
Figure 117: Chinese Life Insurance - New Business Gross Written Premium (CNY Billion), 2013-2018
Figure 118: Chinese Life Insurance - New Policies Sold Through Bancassurance (Million), 2009-2013
Figure 119: Chinese Life Insurance - New Policies Sold Through Bancassurance (Million), 2013-2018
Figure 120: Chinese Life Insurance - Number of Bancassurance Distributors, 2009-2013
Figure 121: Chinese Life Insurance - Number