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New Market Report Now Available: China Insurance Report Q1 2014


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2013-12-25 23:06:56 - Fast Market Research recommends "China Insurance Report Q1 2014" from Business Monitor International, now available

As of 2013, it appears that China's life segment returned to growth over the course of the last 12 months or so. A number of factors have underpinned the steady growth of the non-life segment.

Key Insights And Key Risks

The past slowing of the economy appears not to have had a material impact on the overall fortunes of the non-life segment, where official data indicates that premiums (including health insurance and personal accident lines) have been rising at an annual rate of around 13%. In essence, the non-life companies have responded to the more difficult economic environment by cross-selling, developing new distribution channels such as telemarketing and introducing new products. Government measures to boost usage of insurance in rural areas have

also been beneficial. Particular regional markets within China have been very competitive. However, many of the leading non-life companies are actively working to boost customer service (eg with claims handling) and/or to lift underwriting profits. Looking forward, it is clear that the development of health insurance will be a key driver of growth.

Full Report Details at
- www.fastmr.com/prod/754501_china_insurance_report_q1_2014.aspx

In the life segment, gross written premiums contracted during calendar 2011. As of late 2013, it is clear that they have returned to growth. The restrictions on bancassurance sales that were imposed by the China Banking Regulatory Commission (CBRC) remains a challenge. So too does competition from wealth management products, which are originated and distributed by the banks. Nevertheless, the latest reports from the leading Chinese life insurance companies in relation to their operations in H113 suggest that they are lifting new business sales and/or profitability. As is the case in the non-life segment, the life companies are introducing new products, developing new distribution channels and doing what they can to boost sales through existing channels. Several companies have indicated that they have been able to achieve meaningful growth (by some metrics and across at least some of their businesses) by developing the agency channel at a time of (sharply) reduced sales through the bancassurance channel. Meanwhile, most of the foreign companies that are active in China's life segment are growing sales and/or profitability - in many cases because they are focusing on geographic or product niches.

Over the course of 2012, the China Insurance Regulatory Commission (CIRC) enhanced the rules governing sales by life companies (especially). This should strengthen the reputation of life insurance as a conduit for organised savings over the long-term. CIRC has also liberalised the rules governing investment by insurance companies - which will provide new opportunities at a time of low interest rates and often volatile financial markets.

Partial Table of Contents:

BMI Industry View
- Table: Total Premiums, 2010-2017
SWOT
- Insurance
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Total Life Premiums, 2010-2017
- Non-Life
- Table: Total Non-Life Premiums, 2010-2017
Industry Risk Reward Ratings
- Asia Pacific Industry Risk/Reward Ratings
- Table: Asia Pacific Insurance Risk/Reward Ratings
- China Insurance Risk/Reward Ratings
- Table: China's Insurance Risk/Reward Ratings
Market Overview
- Life Sector Update
- Non-Life Sector Update
Industry Trends And Developments
- Life Growth Drivers and Risk Management Projections
- Population
- Table: Insurance Key Drivers, Demographics, 2010-2017
- Non-Life Growth Drivers and Risk Management Projections
- Macroeconomic Outlook
- Table: Economic Activity
- Political Stability Outlook
- Table: Asia Pacific Regional Security Ratings
- Healthcare Sector
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Motor
- Table: Insurance Key Drivers, Autos 2010-2017
Competitive Landscape
- China Competitive Landscape
- Asia Pacific Competitive Landscape
Company Profile
- Ageas
- AIA Group
- American International Group (AIG)
- Allianz
- AXA
- China Life Insurance Co. Limited
- China Pacific Insurance (Group) Co. Limited
- Manulife Financial
- MetLife
- PICC Property and Casualty Co. Limited
- Ping An Insurance (Group) of China Limited
- Prudential Financial
- Prudential plc
- Sun Life Financial
Regional Overview
- Asia Life Sector Overview
- Table: Asia Pacific Life Premiums, 2010-2017 (US$mn)
- Asia Non Life Sector Overview
- Table: Asia Pacific's Non Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
- Demographic Outlook
- Table: China's Population By Age Group, 1990-2020 ('000)
- Table: China's Population By Age Group, 1990-2020 (% of total)
- Table: China's Key Population Ratios, 1990-2020
- Table: China's Rural And Urban Population, 1990-2020
Methodology
- Industry Forecast Methodology
- Risk/Reward Rating Methodology
- Table: Insurance Risk/Reward Ratings Indicators

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=754501&dt=t

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

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 www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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