China Life Insurance Market Report, 2006-2007
  • Jul/2007
  • Hard Copy
  • USD $449
  • Pages:29
  • Single User License
    (PDF Unprintable)       
  • USD $449
  • Code:
  • Enterprise-wide License
    (PDF Printable & Editable)       
  • USD $898
  • Hard Copy + Single User License
  • USD $649
      

The targeted substitute rate of basic endowment insurance in China is 55%-60%; however, till the end of 2006, the number of working people with basic endowment insurance was just 141 million, accounting for 18.5% of the total employed population. Calculated at the average growth pace of 6% in the recent 4 years, plus the increase of employed population, the coverage rate of basic endowment insurance can not reach 100% in 30 years.

The majority of the income of Chinese citizens is deposited in banks, but not used to buy insurance. In 2005, the saving deposits amounted to over USD 1.8 trillion, while the insurance premium revenue was just USD 39.6 billion, equal to 2.2% of the newly-increased bank deposits.

Generally, the annual compounded growth rate of China life insurance industry will be 16.7% from 2007 to 2010, the life insurance scale will reach RMB 767.6 billion in 2010, and RMB 2 trillion in 2020, but the figure is still small compared to the current saving deposit scale of RMB 17 trillion.

Comparison of Life Insurance Premium Growth Rate between China and Other Main Countries in the World, 2003-2005


 

Market Shares of Top Three Enterprises in China Life Insurance Market


 

 Product Percentage Comparison between China Life Insurance and Ping'an Insurance, 2005


1 Overview of China Life Insurance Industry 
1.1 China Life Insurance Market is still in the Preliminary Development Stage
1.2 China Life Insurance Industry Experienced Two Development Cycles

2 China Life Insurance Market 
2.1 Influence of Macro Economy Development
2.2 Demand Space of Life Insurance 
2.3 Influence of Deepening Finance Reform on Insurance Industry 
2.4 Forecast of China Life Insurance Industry, 2007-2010 

3 Industrial Competitive Patterns 
3.1 Foreign Capital Competition Becomes Fiercer, but the Scale is too Small to Change the Original Layout
3.2 Leading Companies Become more Competitive in the Market-oriented Competition of Insurance Rate

4 Favorable Factors of Life Insurance Companies 
4.1 Rate Increases and Investment Channel Broadens, so the Investment Return Rate Rises 
4.2 Business Structure Adjusted, and the New Business Value Rises 

5 Comparisons between China Life and China Ping'an 
5.1 Market Position: Brand vs. Creativity 
5.2 Comparison of Product Structure: High Risk vs. Large Proportion of Installment Payment
5.3 Comparison of Interest Increase: Embedded Value vs. New Business Value 
Insurance Scale Comparison between China and Other Main Countries in the World, 2005 
Life Insurance Depth Comparison between China and Other Main Countries in the World, 2005 
Life Insurance Density Comparison between China and Other Main Countries in the World, 2005 
Life Insurance Premium Growth Rate Comparison between China and Other Main Countries in the World, 2003-2005 
Life Insurance Premium Increase Rate, 1994-1005 
Forecast of UNPD on China Population Bring-up/Support Rate Variation 
China Endowment Insurance Scale, 2005 
Assets Scale Comparison between Insurance Industry and Bank of OECD
Market Shares of Top Three Enterprises in China Life Insurance Market
Market Shares of Foreign Insurance Companies in China Life Insurance Market 
Change of One-year Saving Rate and Life Insurance Assumed Interest Rate 
Investment Return Rate Variation of Insurance Capital in China, 2001-2006 
Change of Bank Insurance Premium/Life Insurance Premium Revenue Ratio, 2001-2005 
Annual New Business Value Profit Rate Change of Ping'an Life Insurance, 2003-2006 
Ratio of New Products in Life Insurance Premium Revenue, 2001-2005 
Insurance Product Structure of Main Countries in the World 
Product Type Comparison between China Life Insurance and Ping'an Insurance, 2005 
Product Period Comparison between China Life Insurance and Ping'an Insurance, 2006 
Comparison of Assumed Investment Return Rate between China Life and China Ping'an 
Life Insurance Premium Increase since 2006 
Forecast of UNPD on China Population Composition Change 
Saving and Life Insurance Comparison of China, USA and Japan, 2005 
Forecast of China Life Insurance Premium Revenue Increase 
Main Application Channels of China Insurance Capital till May, 2007
Top Ten Sectors in Insurance Premium and Ratio of Ping'an Life Insurance and China Life 
Sensitivity Comparison of Evaluation to Investment Return Rate between China Life and China Ping'an 

Global and China Agricultural Insurance Industry Report, 2013-2014

In 2007-2013, the risk guarantee offered by China’s agricultural insurance rose from RMB112.6 billion to RMB1.4 trillion; a total of RMB76 billion was paid to 143 million peasant households as compens...

China Currency Sorter Industry Report, 2014

Currency sorter, a kind of financial machines and tools, mainly consists of banknote sorter and coin sorter. Market demand for currency sorter in China came in full swing from 2005, and sales revenue...

China Internet Financing Industry Report,2014

Internet financing refers to the service pattern in which relevant companies carry out cooperation with financial institutions to provide customers with wealth preservation and appreciation through in...

China Financial Leasing Industry Report, 2014

Since 2013, China's financial leasing industry has continued to maintain rapid growth, with total turnover reaching approximately RMB2.35 trillion as of the end of March 2014, an increase of RMB250 bi...

China Online Lending Industry Report, 2014

With the continuous expansion of scale, China’s small and medium-sized enterprises are seeing rapid growth in capital requirements, but often shut out by large commercial banks on the grounds of unsou...

China Automatic Fare Collection (AFC) System Industry Report, 2013

Automatic fare collection (AFC) system is widely used in urban rails and high-speed railways. By the end of 2013, 19 Chinese cities had put 87 urban rail lines into operation with the operating mile...

China Automatic Teller Machine Industry Report, 2013-2016

In 2013, Chinese ATM market characterizes the followings: First, China becomes the country with the most quantity of ATM, surpassing the United States.By H1 2013, 465,600 sets of ATM had been included...

Global and China Financial POS Terminal Industry Report,2013-2016

POS (point-of-sale) machine is used for sales information collection and capital, merchandise balance recording of points of sale, associated with the settlement system of trading platform. Currently,...

China Financial Leasing Industry Report, 2013

In 2012, the financial leasing industry of China presented remarkably rapid development, with business turnover reaching RMB1.55 trillion, an increase of about RMB620 billion (66.7%) from RMB930 billi...

China City Commercial Bank Industry Report, 2012

In 2011, Chinese city commercial bank industry continued high-speed growth. In the same year, the total assets of Chinese city commercial banks amounted to RMB11.5134 trillion, with a year-on-year ris...

China Financial POS terminal Industry Report, 2011-2012

The increasingly robust domestic demand for bank card payment and the mushrooming number of merchants in the POS network boost the demand for financial POS terminals. As of the end of 2011, there had ...

Company Study of PAX Global Technology Limited, 2012

Established in 2001, PAX Global specializes in the R & D and sales of e-payment terminal products and related softwares. The business of PAX Technology covers e-payment system and POS terminal softwar...

China ATM (Automated Teller Machine) Industry Report, 2011-2012

Chinese ATM market is growing rapidly. China's number of ATM rose from 301,000 sets in 2010 to 369,000 sets at the end of 2011. The number of networked ATM was 338,000 sets in 2011, up 24.7%. Number ...

China Financial Leasing Industry Report, 2011

After the rapid development during the "Eleventh Five-Year" (2006-2010) period, China’s financial leasing industry gradually returned to reason in 2011, and achieved annual business volume of RMB 930 ...

China Banking Intermediary Business Report, 2011

In H1 2011, the operating revenue of China’s 16 listed banks reached RMB 1.09 trillion, of which intermediary business revenue amounted to RMB218.691 billion, up 45.96% YoY and sharing 20.18% of total...

China Trust Industry Report, 2010-2011

China trust industry has experienced six reformations since 1979, with the number of trust companies declining from over one thousand at the peak to 64 at present. The assets managed by Chinese trust ...

China Third-party Payment Industry Report, 2010-2013

Third-party payment refers to an Internet-based means of exchange that provides online (Internet) and offline (telephone & mobile phone) payment channels enabling user-to-merchant online payment, ...

China Rural Commercial Bank Market Report, 2010-2011

The number of rural commercial banks in China has expanded rapidly, and it had reached 85 up to the end of 2010. Chinese rural commercial banks have accelerated the development particularly in 2010 wh...

2005-2014 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1 京公网安备1101054484号
在线客服系统