The third quarter of 2017 saw a continuous growth of China's insurance sector, amid fears that tightened government supervision and regulatory framework would affect the sector's performance during the quarter. Following a 6.4% y/y increase in Q2 2017, insurance premiums in the third quarter of the year rose to RMB 731.7bn, recording a 15.1% y/y increase. Premiums from human insurance, including life, health and accident insurance, rose by 15.2% y/y in Q3 2017, to RMB 493.9bn, accounting for 67.5% of the total insurance premiums.
The upward trend was mainly a result of the strong performance of the life insurance segment, which grew by 23.4% y/y to RMB 373.1bn. The sector's growth was also stimulated by increased demand for property insurance. Its premiums grew by 14.9% y/y to RMB 237.8bn, making up 32.5% of the total insurance premiums in the period.
What this report allows you to do:
- Understand the key elements at play in the insurance sector in China
- Access forecasts for growth in the sector
- View key data on insurance premiums and claims in China.
- Crystallise the forces both driving and restraining this sector in China
- Assess market share for the life insurance, non-life and reinsurance sectors
- Ascertain China's position in the global sector
- Understand the competitive landscape and who the major players are
- View M&A activity and major deals
- Gain an understanding of the regulatory environment for the sector in China
- Build a clear picture of trends and issues for sub-sectors (life insurance, non-life insurance, reinsurance) and for retail channels.
- The People's Insurance Company
- China Life Insurance
- Ping An Insurance
- China Pacific Insurance Company
- New China Life Insurance
Key Topics Covered:
1. Executive Summary
2. Sector in Focus
3. Competitive Landscape
4. Companies in Focus
5. Regulartory Environment
6. Property Insurance
7. Life, Health and Accident Insurance
For more information about this report visit https://www.researchandmarkets.com/research/qtjccz/china_insurance?w=4