China Insurance Market Outlook to 2016 – Driven by Automobile Insurance Market

1 This is a licenced proceeds of deal look and should not be copied TABLE OF CONTENTS 1. 1. 1. 1. 2. 1. 3. Asia- Pacific indemnification persistence labor Introduction Asia-Pacific amends securities sedulousness sizing by control indite reward, 2005-2012P Asia-Pacific amends mart class 1. 3. 1. By Geography, 2005-2012P 1. 3. 2. By tone and Non tone, 2005-2012P 1. 4. Asia-Pacific damages policy Industry coming(prenominal) Outlook 1. 4. 1. By Geography, 2013-2016 3. 3. 1. 3. 2. 4. 5. 5. 1. 5. 2. 5. 3. 5. 4. 6. 6. 1. 7. 7. 1. china indemnification Industry china damages Value Chain chinaware restitution mart Size by submit scripted pension, 2005-2012 chinaware indemnification Government Regulations mainland chinaware livelihood damages foodstuff mainland mainland chinaware lifetime redress commercialize Size, 2005-2012 China Life amends guide Paid, 2005-2012 mart treat of study Life Insurers in China, 2012 China Life restitution policy policy market Future Outlook and Projection, 2013-2016 China Non-Life damages trade China Non-Life Insurance market Size, 2005-2012 Non-Life Insurance air division, 2005-2012 China space and misadventure Insurance Industry 7. 1. 1. China retention and Casualty Insurance Market Size, 2005-2012 7. . 2. China blank space and Casualty insurance claim Paid, 2005-2012 7. 1. 3. airplane propeller and Casualty Insurance breakdown, 2005-2012 7. 1. 4. Market Share of major(ip) Property and Casualty Insurers in China, 2012 2 This is a license ware of good deal research and should not be copied 7. 1. 5. China Property and Casualty Insurance Market Future Outlook and Projection, 20132016 7. 2. China Motor Insurance Industry 7. 2. 1. China Motor Insurance Market Size, 2005-2012 7. 2. 2. China Motor Insurance Market Future Outlook and Projection, 2013-2016 7. 3. China Commercial Property Insurance Industry 7. 3. 1.China Commercial Property Insurance Market Size, 2005-2012 7. 3. 2. China Commercial Property Insurance Market Future Outlook and Projection, 2013-2016 7. 4. China Agricultural Insurance Industry 7. 4. 1. China Agricultural Insurance Market Size, 2005-2012 7. 4. 2. China Agricultural Insurance Market Future Outlook and Projection, 2013-2016 7. 5. China Liability Insurance Industry 7. 5. 1. China Liability Insurance Market Size, 2005-2012 7. 5. 2. China Liability Insurance Market Future Outlook and Projection, 2013-2016 7. 6. China address Insurance Industry 7. 6. 1. China Credit Insurance Market Size, 2005-2012 7. 6. 2.China Credit Insurance Market Future Outlook and Projection, 2013-2016 7. 7. China chance Insurance Industry 7. 7. 1. China Accident Insurance Market Size, 2005-2012 7. 7. 2. China Accident Insurance Market Future Outlook and Projection, 2013-2016 7. 8. China warhead Insurance Industry 7. 8. 1. China Cargo Insurance Market Size, 2005-2012 7. 8. 2. China Cargo Insurance Market Future Outlook and Projection, 2013-2016 7. 9. China He alth Insurance Industry 7. 9. 1. China Health Insurance Market Size, 2005-2012 7. 9. 2. China Health insurance Claim Paid, 2005-2012 3 This is a license product of stack Research and should not be copied . 9. 3. China Health Insurance Market Future Outlook and Projection, 2013-2016 7. 10. Market Share of Major Non Life Insurers in China, 2011 7. 11. China Non-Life Insurance Market Future Outlook and Projection, 2013-2016 8. 9. China Insurance Industry Trends and Developments China Insurance Industry Future Projections, 2013-2016 9. 1. actor and Effect Relationship Between subject and Independent movers Prevailing in China Insurance Market 10. attach to indite of Major Players in China Life Insurance Industry 10. 1. China Life Insurance 10. 1. 1. Company Profile 10. 1. 2. caper St countgies 10. 1. 3.Financial Performance 10. 2. impinge on An Life Insurance 10. 2. 1. Company Profile 10. 2. 2. Business Strategies 10. 2. 3. Financial Performance 10. 3. bare-assed China Life I nsurance 10. 3. 1. Company Profile 10. 3. 2. Business Strategies 10. 3. 3. Financial Performance 11. Company Profile of Major Players in China Non-Life Insurance Industry 11. 1. Public Insurance Company of China (PICC) 11. 1. 1. Company Profile 11. 1. 2. Business Strategies 11. 1. 3. Financial Performance 11. 2. China Pacific Insurance (CPIC) 4 This is a authorise product of Ken Research and should not be copied 11. 2. 1. Company Profile 11. 2. 2.Business Strategies 11. 2. 3. Financial Performance 12. China Insurance Industry Macro-Economic Indicators Historical and Projections 12. 1. China Population, 2005-2016 12. 2. gross domestic product of China, 2005-2016 12. 3. Healthcare Expenditure of China, 2005-2016 12. 4. innate Vehicle in Use in China, 2007-2016 13. Appendix 13. 1. Market Definitions 13. 2. Abbreviations 13. 3. Research Methodology Data Collection Methods Approach Variables (Dependent and Independent) Multi Factor Based Sensitivity Model Final Conclusion 13. 4. Discl aimer 5 This is a license product of Ken Research and should not be copied LIST OF FIGURES project 1 Asia-Pacific Insurance Market Size on the home of pass written agio in USD one million million million, 2005-2012P contrive 2 Asia-Pacific Insurance Market Segmentation by Life and non Life on the ass of sharpen write premium in Percentage, 2005-2012P double 3 Insurance Value Chain attribute 4 China Insurance Market Size on the stand of Direct written Premium in USD Million, 2005-2012 omen 5 China Life Insurance Market Size on the innovation of Direct scripted Premium in USD Million, 2005-2012 pulp 6 China Life Insurance Market Claim Paid on the primer coat of Direct scripted Premium in USD Million, 2005-2012 check 7 Market Share of Major Life Insurers on the posterior of Direct pen Premium in Percentage, 2012 Figure 8 China Life Insurance Market Projections on the hindquarters of Direct written Premium in USD Million, 2013-2016 Figure 9 China Non Life Insura nce Market Size on the Basis of Direct write Premium in USD Million, 2005-2012 Figure 10 China Non breeding Insurance Market Segmentation by Property and Casualty and Health Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012 Figure 11 China Property and Casualty Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 12 China Property and Casualty Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 13 China Property and Casualty Insurance Market Segmentation by Motor, Commercial Property, Agricultural, Liability, Credit, Accident, Cargo and Others Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012 Figure 14 Market Share of Major Property and Casualty Insurers on the Basis of Direct Written Premium in Percentage, 2012 Figure 15 China Property and Casualty Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 6 T his is a license product of Ken Research and should not be copied Figure 16 China Motor Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 17 China Motor Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 18 China Commercial Property Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 19 China Commercial Property Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013 -2016 Figure 20 China Agricultural Insurance MarketSize on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 21 China Agricultural Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 22 China Liability Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 23 China Liability Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 24 China Credit Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 25 China Credit Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 26 China Accident Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 27 China Accident Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 28 China Cargo Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 29 China Cargo Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 30 China Health Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 7 This is a licensed product of Ken Research and should not be copiedFigure 31 China Health Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-201 2 Figure 32 China Health Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 33 Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in Percentage, 2011 Figure 34 China Non life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 35 China Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 36 China Life Insurance Net Written Premium of China Life Insurance Company in USD Million, 2006-2012 Figure 37 China Life Insurance Premium Income of Ping An Life Insurance in USD Million, 2008-2012 Figure 38 China Life Insurance Premium Income of New China Life Insurance in USD Million, 2006-2012 Figure 39 China Life Insurance Premium Income of Public Insurance Company of China in USD Million, 2005-2011 Figure 40 China Life Insurance Gross Written Premium of China Pacific Insurance in USD Million, 2008-2011 Figure 41 China Po pulation in Million, 2005-2016 Figure 42 GDP of China in USD Million, 2005-2016 Figure 43 Healthcare Expenditure of China in USD Million, 2005-2016 Figure 44 Total Vehicle in Use in China in Million, 2007-2016 8 This is a licensed product of Ken Research and should not be copied LIST OF TABLES display board 1 Asia-Pacific Insurance Market Segmentation by Countries on the Basis of Direct Written Premium in USD Billion, 2005 -2012P parry 2 Asia-Pacific Insurance Market Segmentation by Life and Non Life on the Basis of Direct Written Premium in USD Billion, 2005 -2012P Table 3 Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct Written Premium in USD Million, 2013-2016 Table 4 Market Share of Major Life Insurers on the Basis of Direct Written Premium in USD Million, 2012 Table 5 Market Share of Major Property and Casualty Insurers on the Basis of Direct Written Premium in USD Million, 2012 Table 6 Market Share of Major Non Life Insurers on the Basis of Direc t Written Premium in USD Million, 2011 Table 7 Cause and Effect Relationship Analysis betwixt Industry Factors and Expected Industry Prospects of China Insurance Market Table 8 Correlation Matrix of China Insurance Industry Table 9 Regression Coefficients Output of China Insurance Industry 9 This is a licensed product of Ken Research and should not be copied ASIA-PACIFIC insurance policy foodstuff SIZE BY DIRECT written PREMIUM, 2005-2012P The insurance market in Asia-Pacific realm has prominent remarkably over the past few days due to the proceeds in the emerging markets such as China, Japan, India, Australia, Taiwan and South Korea. The countries in the Asia-Pacific region are at different stages of economic development unlike the European countries and the US which has created significant opportunities for the insurers in the region in order to serve the financial needs of the customers.The market in the region has openhanded at a CAGR of 11. 9% from USD one thousand million in 2005 to USD million in 2012 Figure Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P 16,00,000. 0 14,00,000. 0 12,00,000. 0 USD Million 10,00,000. 0 8,00,000. 0 6,00,000. 0 4,00,000. 0 2,00,000. 0 0. 0 2005 2006 2007 2008 2009 2010 2011 2012P 10 This is a licensed product of Ken Research and should not be copied ASIA-PACIFIC INSURANCE MARKET SEGMENTATION BY GEOGRAPHY, 2005-2012P Asia-Pacific insurance perseverance is majorly contributed by 6 major countries such as Japan, China, South Korea, Taiwan, India and Australia with the share of % in 2012.Japan insurance market is the certify largest in the world with the contribution of more(prenominal) than % in 2012. The China insurance diligence is China insurance labor is one of one of the plethoric markets in the insurance patience the predominant markets in the in the Asia-Pacific region with a contribution of % of the insurance industry in the AsiaPacific region wi th a contribution straight written premium in the region in 2012 South Korea is the third largest market with a contribution of % in 2012. The country insurance sector is more complicated with limited emersion opportunities in comparison with the formulateing market in the region such as China and India of % of the direct written premium in the region in 2012.Table Asia-Pacific Insurance Market Segmentation by Countries on the Basis of Direct Written Premium in USD Billion, 2005-2012P Countries Japan China South Korea Taiwan India Australia Hong Kong capital of Singapore Thailand Malaysia 2005 2006 2007 2008 2009 2010 2011 2012P 11 This is a licensed product of Ken Research and should not be copied Indonesia New Zealand Philippines Vietnam Pakistan Kazakhstan Bangladesh Sri Lanka Total 12 This is a licensed product of Ken Research and should not be copied chinaware INSURANCE labor CHINA INSURANCE MARKET SIZE BY DIRECT WRITTEN PREMIUM, 2005-2012 The Chinese insurance industry has seen rapid expansion during 2005-2012 and will continue to see high egress rates in the conterminous few years.The insurance market in the country has witnessed a compound annual growth rate of % in the last seven years and has readed direct written premium of USD million in 2012 Figure China Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 3,00,000. 0 2,50,000. 0 USD Million 2,00,000. 0 1,50,000. 0 1,00,000. 0 50,000. 0 0. 0 2005 2006 2007 2008 2009 2010 2011 2012 pockLife Insurance is in Premium Income Non-Life Insurance is in Premium Income 13 This is a licensed product of Ken Research and should not be copied CHINA LIFE INSURANCE MARKET CHINA LIFE INSURANCE CLAIM PAID, 2005-2012 China life insurance industry has paid a claim of USD 20,128. million in 2011 due to an occurrence of natural disaster in mainland China in the eldest half of 2011. China has been the worlds most existing marketplace for global insurers for a decade and it looks set to retain its status in the near future. The country life insurance industry has experienced an incline in claim paid from USD million in 2010 to USD million in 2011. . Figure China Life Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012 25,000. 0 20,000. 0 USD Million 15,000. 0 10,000. 0 5,000. 0 0. 0 2005 2006 2007 2008 2009 2010 2011 2012 NoteLife Insurance is in Premium Income 14 This is a licensed product of Ken Research and should not be copiedMARKET SHARE OF MAJOR LIFE INSURERS IN CHINA, 2012 China life insurance industry is a concentrated market with top five players contributing around % of the total life insurance direct written premium in 2012. China life is the wind player in China life insurance industry with the contribution of approximately % of the total direct written premium of the life insurance industry in China in 2012. Figure 1 Market Share of Major Life Insurers on the Basis of Direct Written Premium in Percentage, 2012 China Life shares Ping An Life New China Life CPIC Life PICC Life Taikang TPL (Taiping Life) Sino Life Others Note Life Insurance is in Premium IncomeTable Market Share of Major Life Insurers on the Basis of Direct Written Premium in USD Million, 2012 Players China Life shares Ping An Life New China Life 2012 15 This is a licensed product of Ken Research and should not be copied CPIC Life PICC Life Taikang TPL Sino Life Others Total Source Insurance Association of China and Ken Research NoteLife Insurance is in Premium Income CHINA NON-LIFE INSURANCE MARKET NON-LIFE INSURANCE SEGMENTATION, 2005-2012 The country non life insurance market is rule by property and casualty segment with the contribution of % in 2012 The motor vehicle is the leading contributor in property and casualty segment China non life insurance market is dominated by property and with the share of around % in 2012.The motor vehicle casualty segment with the insurance is divided into two types suc h as compulsory contribution of % in 2012. liability and voluntary insurance. The second largest contributor in property and casualty segment is property with the share of approximately % in 2012 followed by agricultural insurance with the share of % in 2012. The health insurance market contributes % of the non life insurance industry in China in 2012. The private health insurance coverage in the country has spread out and now it covers approximately % of Chinas population. The health insurance coverage in the country has grown at an impressive rate of % annually over the past 10 years.The number of health insurance plan in the country has also outgrowthd from around in 2008 to over in 2011. 16 This is a licensed product of Ken Research and should not be copied Figure 2 China Non life Insurance Market Segmentation by Property and Casualty and Health Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012 100. 0% 90. 0% 80. 0% 70. 0% 60. 0% 50. 0% 40. 0% 30. 0% 20. 0% 10. 0% 0. 0% 2005 2006 Health NoteNon-Life Insurance is in Premium Income In Percentage % 2007 2008 2009 2010 2011 2012 Property and Casualty CHINA PROPERTY AND CASUALTY INSURANCE INDUSTRY CHINA PROPERTY AND CASUALTY INSURANCE CLAIM PAID, 2005-2012The Chinese property and casualty insurance industry has paid USD million claims in 2011 in which approximately USD was paid in August 2011 which was recorded as the highest claim paid in the year In 2009, the combined ratio of property and casualty insurance industry has improved to % and this positive trend in the market is accelerated in 2010 and in the first half of 2011 in which the industry has recorded the combined ratio of % and % respectively for the top three insurers in the country which include PICC, Ping An Property and Casualty and CPIC Fiscal. 17 This is a licensed product of Ken Research and should not be copied Figure China Property and Casualty Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012 50,000. 0 45,000. 0 40,000. USD Million 35,000. 0 30,000. 0 25,000. 0 20,000. 0 15,000. 0 10,000. 0 5,000. 0 0. 0 2005 2006 2007 2008 2009 2010 2011 2012 NoteProperty and Casualty Insurance is in Premium Income CHINA beat back INSURANCE INDUSTRY CHINA MOTOR INSURANCE MARKET forthcoming OUTLOOK AND PROJECTION, 2013-2016 The country automobile insurance market is judge to produce direct written premium of USD million in 2016 which is up from USD million in 2011. This is due to an expected increase in the car ownership in the country as there are scarce 35 million cars for the population of billion in 2011. 18 This is a licensed product of Ken Research and should not be copiedFigure China Motor Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 1,80,000. 0 1,60,000. 0 1,40,000. 0 USD Million 1,20,000. 0 1,00,000. 0 80,000. 0 60,000. 0 40,000. 0 20,000. 0 0. 0 2013 NoteMotor Insurance is in Premium Income 2014 2015 2016 19 This is a licensed product of Ken Research and should not be copied ASIA-PACIFIC INSURANCE INDUSTRY FUTURE OUTLOOK Overall, the market of the Asia-Pacific insurance is expected to grow at a CAGR of 11. 2% from 2013-2016. The market in the near future is expected to witness consolidation and higher competition level with the entrance of more global players in the market ASIA-PACIFIC INSURANCE INDUSTRY FUTURE PROJECTIONSBY GEOGRAPHY, 2013-2016 The Asia-Pacific Insurance industry is expected to grow at a CAGR of 11. 2% from 2013-2016 on account of rising population in the emerging market of Asia such as India and China. It is anticipated that the total direct written premium of the insurance products will increase to USD million in 2016 from USD million in 2012. Table Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct Written Premium in USD Million, 2013-2016 Countries Japan China South Korea Taiwan India Australia Hong Kong Singapore Thailan d 2013 2014 2015 2016 20 This is a licensed product of Ken Research and should not be copiedMalaysia Indonesia New Zealand Philippines Vietnam Pakistan Kazakhstan Bangladesh Sri Lanka Total CHINA INSURANCE INDUSTRY FUTURE PROJECTIONS, 2013-2016 In the base occurrence scenario analysis the insurance industry in the country is expected to grow at a phenomenal rate of 17. 7% in the next four years and is predicted to record the direct written premium of USD million in 2016 The worst case scenario analysis assumes that the country insurance market is anticipated to grow at a marginal rate of 6. 9% from 2013-2016 in comparison to the historical years The best case scenario analysis predicts the remarkable growth of 28. 5% in the next five years.The countrys insurance market is expected to record direct written premium of USD million by 2016. 21 This is a licensed product of Ken Research and should not be copied Figure China Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 8,00,000. 0 7,00,000. 0 6,00,000. 0 USD Million 5,00,000. 0 4,00,000. 0 3,00,000. 0 2,00,000. 0 1,00,000. 0 0. 0 2013 Worst Case NoteLife Insurance is in Premium Income Non-Life Insurance is in Premium Income 2014 Base Case 2015 Best Case 2016 22 This is a licensed product of Ken Research and should not be copied CAUSE AND EFFECT RELATIONSHIP BETWEEN babelike AND INDEPENDENT FACTORS PREVAILING IN CHINA INSURANCE MARKETTable Cause and Effect Relationship Analysis between Industry Factors and Expected Industry Prospects of China Insurance Market Industry Factors Strict Government Regulations and deliver Increasing Population Market Impact Comments ? Cause ? Positive Effect ? Cause ? Effect ? Cause ? Effect ? Cause ? Positive Effect ? Negative Effect Increasing Consumer Spending Intensifying contention DISCLAIMER No part of this manual or any material appearing may be reproduced, stored in or transmitted on any other Web site without written permi t of Ken Research and any payments of a specified fee. Requests to republish any material may be sent to us. 23 This is a licensed product of Ken Research and should not be copied