Non-Life Insurance in China

Non-Life Insurance in China

  • September 2018 •
  • 45 pages •
  • Report ID: 2881309
Non-Life Insurance in China

Summary
Non-Life Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). 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. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.
- The Chinese non-life insurance market had total gross written premiums of $224.0bn in 2017, representing a compound annual growth rate (CAGR) of 18% between 2013 and 2017.
- The motor segment was the market’s most lucrative in 2017, with total gross written premiums of $128.3bn, equivalent to 57.3% of the market’s overall value.
- The Chinese market has been largely affected by the performance of the motor insurance segment as the rising income of the population led to rising motor ownership rates, resulting in a knock on demand-effect on motor insurance products.

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 2017?
- What will be the size of the China non-life insurance market in 2022?
- 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?
- Who are the top competitiors in China’s non-life insurance market?
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Country=China Industry=Insurance ParentIndustry=Services Date=201809 Topic=MarketSize Publisher=MarketLine Price=1000