China Non-Life Insurance Market to 2027

China Non-Life Insurance Market to 2027


Summary
Non-Life Insurance in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The Chinese non-life insurance market had total gross written premiums of $220.9 billion in 2022, representing a compound annual growth rate (CAGR) of 7% between 2017 and 2022.
  • The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $122 billion, equivalent to 55.2% of the market's overall value.
  • According to in-house research, in 2022, China accounted for a share of 47.1% of the Asia-Pacific non-life insurance market. Factors such as a growing economy, high levels of government spending, increasing disposable income, and growing consumer confidence are driving the country’s non-life insurance market.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in China
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in China
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the China non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the China non-life insurance market by value in 2022?
  • What will be the size of the China non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the China non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up China's non-life insurance market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What has been the rationale behind recent M&A activity?
8 Company Profiles
8.1. China Pacific Insurance (Group) Co Ltd
8.2. The People's Insurance Company (Group) of China Ltd
8.3. China Life Insurance Co Ltd
8.4. Ping An Insurance (Group) Company of China, Ltd.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: China non-life insurance market value: $ billion, 2017–22
Table 2: China non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: China non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: China non–life insurance market geography segmentation: $ billion, 2022
Table 5: China non-life insurance market value forecast: $ billion, 2022–27
Table 6: China Pacific Insurance (Group) Co Ltd: key facts
Table 7: China Pacific Insurance (Group) Co Ltd: Annual Financial Ratios
Table 8: China Pacific Insurance (Group) Co Ltd: Key Employees
Table 9: The People's Insurance Company (Group) of China Ltd: key facts
Table 10: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
Table 11: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 12: China Life Insurance Co Ltd: key facts
Table 13: China Life Insurance Co Ltd: Key Employees
Table 14: China Life Insurance Co Ltd: Key Employees Continued
Table 15: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 16: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 17: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 18: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 19: China size of population (million), 2018–22
Table 20: China gdp (constant 2005 prices, $ billion), 2018–22
Table 21: China gdp (current prices, $ billion), 2018–22
Table 22: China inflation, 2018–22
Table 23: China consumer price index (absolute), 2018–22
Table 24: China exchange rate, 2018–22
List of Figures
Figure 1: China non-life insurance market value: $ billion, 2017–22
Figure 2: China non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: China non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: China non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in China, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in China, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in China, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in China, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in China, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in China, 2022

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