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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Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ping An Insurance (Group) Company of China, Ltd.
- China Life Insurance Co Ltd
- China Pacific Insurance (Group) Co Ltd
- The People's Insurance Company (Group) of China Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 48 |
| Published | November 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 655.91 Billion |
| Forecasted Market Value ( USD | $ 815.79 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | China |
