New Market Report: Non-Life Insurance in China, Key Trends and Opportunities to 2017

From: Fast Market Research, Inc.
Published: Fri Nov 01 2013


Undeterred by the economic slowdown and weak global market conditions, the Chinese non-life segment recorded a review-period CAGR of 22.8%, with gross written premiums reaching CNY521.1 billion (US$82.6 billion) in 2012. As of 2012, 59 non-life insurers were active in China. Of those, 38 were domestic and 21 were foreign. The five leading firms accounted for around 74% of the total gross written premium. Motor insurance was the largest category in the segment in 2012, accounting for 76.7% of the total gross written premium. The recent liberalization of foreign investment laws, rapid urbanization and development of agriculture insurance will support the growth of the non-life segment over the forecast period.

Key Highlights

* The Chinese non-life segment recorded a review-period CAGR of 22.8%, with gross written premiums reaching CNY521.1 billion (US$82.6 billion) in 2012.
* State-owned and domestic insurers dominate the segment with foreign insurers representing 1% of the total gross written premium.
* Motor insurance was the largest category in the segment in 2012, accounting for 76.7% of the total gross written premium.
* The Chinese non-life insurance segment is highly concentrated, with the five leading firms accounting for around 74% of the total gross written premium in 2012.
* Liberalization of foreign investment laws, rapid urbanization and development of agriculture insurance will support the growth of the non-life segment over the forecast period.

Full Report Details at
- http://www.fastmr.com/prod/709605_nonlife_insurance_in_china_key_trends_and.aspx?afid=303

Scope

This report provides a comprehensive analysis of the non-life insurance segment in China:
* It provides historical values for China's non-life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key sub-segments in China's non-life insurance segment, along with market forecasts until 2017
* It covers an exhaustive list of parameters including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
* It analyses the various distribution channels for non-life insurance products in China
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in China for the non-life insurance segment
* It provides a detailed analysis of the reinsurance segment in China and its growth prospects
* It profiles the top non-life insurance companies in China and outlines the key regulations affecting them

Reasons to Get this Report

* Make strategic business decisions using historic and forecast market data related to the Chinese non-life insurance segment and each sector within it
* Understand the demand-side dynamics, key trends and growth opportunities within the Chinese non-life insurance segment

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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- Non-Life Insurance in Austria, Key Trends and Opportunities to 2017: The Austrian non-life segments written premium value grew from EUR6.5 billion in 2008 to EUR7.1 billion in 2012.
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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
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