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Personal Accident and Health Insurance in China Key Trends and Opportunities to 2019

Published By :

Timetric

Published Date : Aug 2016

Category :

Health Insurance

No. of Pages : 152 Pages

Synopsis
Timetrics 'Personal Accident and Health Insurance in China Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends drivers challenges in the Chinese personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20102014) and forecast period (20142019).

The report also analyzes distribution channels operating in the segment gives a comprehensive overview of the Chinese economy and demographics and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research modeling and analysis expertise giving insurers access to information on segment dynamics and competitive advantages
and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.

Summary
Timetrics 'Personal Accident and Health Insurance in China Key Trends and Opportunities to 2019' report provides in-depth market analysis information and insights into the Chinese personal accident and health insurance segment including:

The Chinese personal accident and health insurance segments growth prospects by insurance category

Key trends drivers and challenges for the personal accident and health insurance segment

A comprehensive overview of the Chinese economy and demographics

The various distribution channels in the Chinese personal accident and health insurance segment

Details of the competitive landscape in the personal accident and health insurance segment in China

Details of regulatory policy applicable to the Chinese insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in China:

It provides historical values for the Chinese personal accident and health insurance segment for the reports 20102014 review period and projected figures for the 20142019 forecast period.

It offers a detailed analysis of the key categories in the Chinese personal accident and health insurance segment and market forecasts to 2019.

It profiles the top personal accident and health insurance companies in China and outlines the key regulations affecting them.

Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Chinese personal accident and health insurance segment and each category within it.

Understand the demand-side dynamics key market trends and growth opportunities in the Chinese personal accident and health insurance segment.

Assess the competitive dynamics in the personal accident and health insurance segment.

Identify growth opportunities and market dynamics in key product categories.

Gain insights into key regulations governing the Chinese insurance industry and their impact on companies and the industry's future.

Key Highlights
The personal accident and health segment accounted for 10.2% of the Chinese insurance industrys gross written premium in 2014.

The Chinese government introduced tax benefits for health insurance plans from January 2016 in an aim to expand private health insurance.

The Chinese social security and health regulator is in the process of drafting regulations on the provision of insurance-covered drugs under basic healthcare cover.

With advances in private sector long-term care demand for private healthcare insurance is forecast to rise to cover out-of-pocket expenses.

The growing prevalence of lifestyle-related diseases such as obesity stress and anxiety disorders and pollution-related diseases are increasingly affecting the Chinese population providing scope for private insurers.
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Personal Accident and Health Insurance Segment Outlook
4.1 Key Drivers
4.2 Key Trends
4.3 Challenges
4.4 Personal Accident and Health Insurance Growth Prospects by Category
4.4.1 Personal accident insurance
4.4.2 Health insurance
4.4.3 Non-life health insurance
4.4.4 Life health insurance
5 Analysis by Distribution Channel
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in Chinas Personal Accident and Health Insurance Segment
6.2.1 China Life Insurance Co., Ltd company overview
6.2.2 China Ping An Life Insurance Co., Ltd company overview
6.2.3 PICC Health Insurance Co., Ltd company overview
6.2.4 China Pacific Life Insurance Co., Ltd company overview
6.2.5 New China Life Insurance Co., Ltd company overview
6.2.6 PICC Life Insurance Co., Ltd company overview
6.2.7 Ping An Annuity Insurance Co., Ltd company overview
6.2.8 Taikang Life Insurance Co., Ltd company overview
6.2.9 Taiping Life Insurance Co., Ltd company overview
6.2.10 Taiping Pension Company Ltd company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Environmental liability insurance
7.4.3 Social security system
7.4.4 Aviation liability insurance
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors
7.5.2 China Insurance Regulatory Commission
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution
8 Definitions and Methodology
8.1 Definitions
8.2 Methodology
9 About Timetric
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetrics Services
9.4 Disclaimer

List of Tables
Table 1: Chinese Life Insurance Key Facts, 2014
Table 2: Chinese Health Insurance Category Shares (%) of the Top Insurers, 2014
Table 3: Chinese Government Credit Ratings
Table 4: Chinese Personal Accident and Health Insurance Gross Written Premium by Category (CNY Billion), 20102014
Table 5: Chinese Personal Accident and Health Insurance Gross Written Premium by Category (US$ Billion), 20102014
Table 6: Chinese Personal Accident and Health Insurance Gross Written Premium by Category (CNY Billion), 20142019
Table 7: Chinese Personal Accident and Health Insurance Gross Written Premium by Category (US$ Billion), 20142019
Table 8: Chinese Personal Accident and Health Insurance Direct Written Premium by Category (CNY Billion), 20102014
Table 9: Chinese Personal Accident and Health Insurance Direct Written Premium by Category (US$ Billion), 20102014
Table 10: Chinese Personal Accident and Health Insurance Direct Written Premium by Category (CNY Billion), 20142019
Table 11: Chinese Personal Accident and Health Insurance Direct Written Premium by Category (US$ Billion), 20142019
Table 12: Chinese Personal Accident and Health Insurance Net Earned Premium (CNY Billion), 20102014
Table 13: Chinese Personal Accident and Health Insurance Net Earned Premium (CNY Billion), 20142019
Table 14: Chinese Personal Accident and Health Insurance Paid Claims by Category (CNY Billion), 20102014
Table 15: Chinese Personal Accident and Health Insurance Paid Claims by Category (US$ Billion), 20102014
Table 16: Chinese Personal Accident and Health Insurance Paid Claims by Category (CNY Billion), 20142019
Table 17: Chinese Personal Accident and Health Insurance Paid Claims by Category (US$ Billion), 20142019
Table 18: Chinese Personal Accident and Health Insurance Incurred Loss by Category (CNY Billion), 20102014
Table 19: Chinese Personal Accident and Health Insurance Incurred Loss by Category (US$ Billion), 20102014
Table 20: Chinese Personal Accident and Health Insurance Incurred Loss by Category (CNY Billion), 20142019
Table 21: Chinese Personal Accident and Health Insurance Incurred Loss by Category (US$ Billion), 20142019
Table 22: Chinese Personal Accident and Health Insurance Net Written Premium by Category (CNY Billion), 20102014
Table 23: Chinese Personal Accident and Health Insurance Net Written Premium by Category (US$ Billion), 20102014
Table 24: Chinese Personal Accident and Health Insurance Net Written Premium by Category (CNY Billion), 20142019
Table 25: Chinese Personal Accident and Health Insurance Net Written Premium by Category (US$ Billion), 20142019
Table 26: Chinese Personal Accident and Health Insurance Loss Ratio (%), 20102014
Table 27: Chinese Personal Accident and Health Insurance Loss Ratio (%), 20142019
Table 28: Chinese Personal Accident and Health Insurance Commission and Expenses (CNY Billion), 20102014
Table 29: Chinese Personal Accident and Health Insurance Commission and Expenses (CNY Billion), 20142019
Table 30: Chinese Personal Accident and Health Insurance Combined Ratio (%), 20102014
Table 31: Chinese Personal Accident and Health Insurance Combined Ratio (%), 20142019
Table 32: Chinese Personal Accident and Health Insurance Total Assets (CNY Billion), 20102014
Table 33: Chinese Personal Accident and Health Insurance Total Assets (CNY Trillion), 20142019
Table 34: Chinese Personal Accident and Health Insurance Total Investment Income (CNY Billion), 20102014
Table 35: Chinese Personal Accident and Health Insurance Total Investment Income (CNY Billion), 20142019
Table 36: Chinese Personal Accident and Health Insurance Net Written Premium as a Percentage of Gross Written Premium (%), 20102014
Table 37: Chinese Personal Accident and Health Insurance Net Written Premium as a Percentage of Gross Written Premium (%), 20142019
Table 38: Chinese Personal Accident Insurance Direct Written Premium (CNY Billion), 20102014
Table 39: Chinese Personal Accident Insurance Direct Written Premium (CNY Billion), 20142019
Table 40: Chinese Personal Accident Insurance Loss Ratio (%), 20102014
Table 41: Chinese Personal Accident Insurance Loss Ratio (%), 20142019
Table 42: Chinese Health Insurance Gross Written Premium by Sub-Category (CNY Billion), 20102014
Table 43: Chinese Health Insurance Gross Written Premium by Sub-Category (US$ Billion), 20102014
Table 44: Chinese Health Insurance Gross Written Premium by Sub-Category (CNY Billion), 20142019
Table 45: Chinese Health Insurance Gross Written Premium by Sub-Category (US$ Billion), 20142019
Table 46: Chinese Non-Life Health Insurance Direct Written Premium (CNY Billion), 20102014
Table 47: Chinese Non-Life Health Insurance Direct Written Premium (CNY Billion), 20142019
Table 48: Chinese Non-Life Health Insurance Paid Claims (CNY Billion), 20102014
Table 49: Chinese Non-Life Health Insurance Paid Claims (CNY Billion), 20142019
Table 50: Chinese Non-Life Health Insurance Loss Ratio (%), 20102014
Table 51: Chinese Non-Life Health Insurance Loss Ratio (%), 20142019
Table 52: Chinese Non-Life Health Insurance Net Written Premium (CNY Billion), 20102014
Table 53: Chinese Non-Life Health Insurance Net Written Premium (CNY Billion), 20142019
Table 54: Chinese Life Health Insurance Direct Written Premium (CNY Billion), 20102014
Table 55: Chinese Life Health Insurance Direct Written Premium (CNY Billion), 20142019
Table 56: Chinese Life Health Insurance Paid Claims (CNY Billion), 20102014
Table 57: Chinese Life Health Insurance Paid Claims (CNY Billion), 20142019
Table 58: Chinese Life Health Insurance Loss Ratio (%), 20102014
Table 59: Chinese Life Health Insurance Loss Ratio (%), 20142019
Table 60: Chinese Life Health Insurance Net Written Premium (CNY Billion), 20102014
Table 61: Chinese Life Health Insurance Net Written Premium (CNY Billion), 20142019
Table 62: Chinese Personal Accident and Health Insurance Segment Shares (%), 2014
Table 63: China Life Insurance Co., Ltd Key Facts
Table 64: China Ping An Life Insurance Co., Ltd Key Facts
Table 65: PICC Health Insurance Co., Ltd Key Facts
Table 66: China Pacific Life Insurance Co., Ltd Key Facts
Table 67: New China Life Insurance Co., Ltd Key Facts
Table 68: PICC Life Insurance Co., Ltd Key Facts
Table 69: Ping An Annuity Insurance Co., Ltd Key Facts
Table 70: Taikang Life Insurance Co., Ltd Key Facts
Table 71: Taiping Life Insurance Co., Ltd Key Facts
Table 72: Taiping Pension Company Ltd Key Facts
Table 73: China Insurance Regulatory Framework Key Features
Table 74: China Life Insurance Regulatory Framework
Table 75: China Property Insurance Regulatory Framework
Table 76: China Motor Insurance Regulatory Framework
Table 77: China The Evolution of Statutory Automobile Liability Insurance in China:
Table 78: China Liability Insurance Regulatory Framework
Table 79: China Corporate Tax Rates in China for the Financial Year 2016
Table 80: Insurance Industry Definitions

List of Figures
Figure 1: Chinese Real GDP (CNY Trillion), 20102019
Figure 2: Chinese Real GDP Shares by Industry Sector (%), 2014
Figure 3: CNY US$ Exchange Rate, 20102019
Figure 4: Chinese Consumer Price Inflation, 20102019
Figure 5: Chinese Current Account Balance as Percentage of GDP (%), 20102014
Figure 6: Chinese Unemployment Rate, 20102019
Figure 7: Chinese Population by Age Group, 19912025
Figure 8: Chinese Personal Accident and Health Insurance Gross Written Premium by Category (CNY Billion), 20102019
Figure 9: Chinese Personal Accident and Health Insurance Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 10: Chinese Personal Accident and Health Insurance Gross Written Premium Dynamics by Category, 20102019
Figure 11: Chinese Personal Accident and Health Insurance Direct Written Premium by Category (CNY Billion), 20102019
Figure 12: Chinese Personal Accident and Health Insurance Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 13: Chinese Personal Accident and Health Insurance Gross Written Premium Dynamics by Category, 20102019
Figure 14: Chinese Personal Accident and Health Insurance Net Earned Premium (CNY Billion), 20102014
Figure 15: Chinese Personal Accident and Health Insurance Net Earned Premium (CNY Billion), 20142019
Figure 16: Chinese Personal Accident and Health Insurance Paid Claims by Category (CNY Billion), 20102019
Figure 17: Chinese Personal Accident and Health Insurance Incurred Loss by Category (CNY Billion), 20102019
Figure 18: Chinese Personal Accident and Health Insurance Net Written Premium by Category (CNY Billion), 20102019
Figure 19: Chinese Personal Accident and Health Insurance Loss Ratio (%), 20102014
Figure 20: Chinese Personal Accident and Health Insurance Loss Ratio (%), 20142019
Figure 21: Chinese Personal Accident and Health Insurance Commission and Expenses (CNY Billion), 20102014
Figure 22: Chinese Personal Accident and Health Insurance Commission and Expenses (CNY Billion), 20142019
Figure 23: Chinese Personal Accident and Health Insurance Combined Ratio (%), 20102014
Figure 24: Chinese Personal Accident and Health Insurance Combined Ratio (%), 20142019
Figure 25: Chinese Personal Accident and Health Insurance Total Assets (CNY Billion), 20102014
Figure 26: Chinese Personal Accident and Health Insurance Total Assets (CNY Trillion), 20142019
Figure 27: Chinese Personal Accident and Health Insurance Total Investment Income (CNY Billion), 20102014
Figure 28: Chinese Personal Accident and Health Insurance Total Investment Income (CNY Billion), 20142019
Figure 29: Chinese Personal Accident and Health Insurance Net Written Premium as a Percentage of Gross Written Premium (%), 20102014
Figure 30: Chinese Personal Accident and Health Insurance Net Written Premium as a Percentage of Gross Written Premium (%), 20142019
Figure 31: Chinese Personal Accident and Health Insurance Investment Portfolio (CNY Billion), 20102014
Figure 32: Chinese Personal Accident and Health Insurance Investment Portfolio (Percentage Share), 2010 and 2014
Figure 33: Chinese Personal Accident and Health Insurance Penetration (%), 20102014
Figure 34: Chinese Personal Accident and Health Insurance Density (CNY), 20102014
Figure 35: Chinese Personal Accident Insurance Direct Written Premium (CNY Billion), 20102014
Figure 36: Chinese Personal Accident Insurance Direct Written Premium (CNY Billion), 20142019
Figure 37: Chinese Personal Accident Insurance Loss Ratio (%), 20102014
Figure 38: Chinese Personal Accident Insurance Loss Ratio (%), 20142019
Figure 39: Chinese Health Insurance Gross Written Premium by Sub-Category (CNY Billion), 20102019
Figure 40: Chinese Health Insurance Gross Written Premium Dynamics by Sub-Category, 20102019
Figure 41: Chinese Non-Life Health Insurance Direct Written Premium (CNY Billion), 20102014
Figure 42: Chinese Non-Life Health Insurance Direct Written Premium (CNY Billion), 20142019
Figure 43: Chinese Non-Life Health Insurance Paid Claims (CNY Billion), 20102014
Figure 44: Chinese Non-Life Health Insurance Paid Claims (CNY Billion), 20142019
Figure 45: Chinese Non-Life Health Insurance Loss Ratio (%), 20102014
Figure 46: Chinese Non-Life Health Insurance Loss Ratio (%), 20142019
Figure 47: Chinese Non-Life Health Insurance Net Written Premium (CNY Billion), 20102014
Figure 48: Chinese Non-Life Health Insurance Net Written Premium (CNY Billion), 20142019
Figure 49: Chinese Life Health Insurance Direct Written Premium (CNY Billion), 20102014
Figure 50: Chinese Life Health Insurance Direct Written Premium (CNY Billion), 20142019
Figure 51: Chinese Life Health Insurance Paid Claims (CNY Billion), 20102014
Figure 52: Chinese Life Health Insurance Paid Claims (CNY Billion), 20142019
Figure 53: Chinese Life Health Insurance Loss Ratio (%), 20102014
Figure 54: Chinese Life Health Insurance Loss Ratio (%), 20142019
Figure 55: Chinese Life Health Insurance Net Written Premium (CNY Billion), 20102014
Figure 56: Chinese Life Health Insurance Net Written Premium (CNY Billion), 20142019
Figure 57: Chinese Personal Accident and Health Insurance Segment Shares (%), 2014
Figure 58: China Key Changes in the Chinese Insurance Industry with the Insurance Law Amendments
Figure 59: China Insurance Supervision and Control at Various Levels
Figure 60: China Insurance Regulatory Frameworks for Company Registration and Operation
Figure 61: China Three Pillars of C-ROSS
Figure 62: China Judiciary System

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