DUBLIN--(BUSINESS WIRE)--The "China Insurance Sector Report 2017 4th Quarter" report has been added to ResearchAndMarkets.com's offering.
The insurance sector remained on a growth path in Q4 2017 with insurance premiums increasing by 5.7% y
y.
However, the growth in the sector decelerated substantially in H2 2017 due to the tightening regulations and the saturation of the market in China's biggest cities. In 2017, the growth in insurance premiums in Shanghai slowed down to 3.8% y/y from 35.9% y/y in 2016. In Beijing, the insurance premiums growth decelerated to 7.2% y/y from 31% y/y in 2016. The saturation of the insurance market in China's largest cities resulted in a slowdown in the life and health insurance subsectors.
The gross written premiums on life insurance policies decreased by 5.4% y/y in Q4 2017, while for the whole 2017 the life insurance premiums growth slowed down to 16% y/y from 26.2% y/y in 2016. On the other hand, onethird soared by 31.7% y/y in Q4 2017 mainly due to the low growth in the last quarter of 2016. The growth of health insurance premiums for the whole 2017 slowed down to 11.1% y/y after 66.9% y/y in 2016. In contrast with the life and health insurance segments, the property insurance subsector in China performed better in 2017 than in 2016. Driven by the strong growth in the real estate market, the premiums on property insurance policies improved by 12.8% y/y from 9.1% y/y in the previous year.
Companies Mentioned
- 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/5n6mqm/china_insurance?w=4
