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Personal Accident and Health Insurance in China, Key Trends and Opportunities to 2020

Published By :

Timetric

Published Date : Jun 2017

Category :

Insurance

No. of Pages : 138 Pages

Synopsis
Timetrics 'Personal Accident and Health Insurance in China, Key Trends and Opportunities to 2020' 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 (20112015) and forecast period (20152020).

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 2020' 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 20112015 review period, and projected figures for the 20152020 forecast period.

It offers a detailed analysis of the key categories in the Chinese personal accident and health insurance segment, and market forecasts to 2020.

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
In January 2017, the Chinese government issued a medical reform plan for the period 20162020, as a part of the 13th Five-Year Plan, with emphasis on insurance reforms and improvements.

In January 2016, the Chinese government introduced a tax benefit health insurance plan, with an objective to expand commercial health insurance. In June 2016, the China Insurance Regulatory Commission (CIRC) permitted 12 insurers to offer tax-deductible health schemes

In April 2016, Alibaba Health Information Technology formed a joint venture with China Taiping to establish online health insurance, with registered capital of CNY1.0 billion (US$154 million).

The Chinese state council issued a circular in October 2016, promulgating a series of regulations regarding critical illness insurance to cover more urban and rural residents.

At the end of 2016, China overtook Japan to become the worlds second-largest insurance market, after the US.


Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments
5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Claims
5.1.3 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Claims
5.2.3 Profitability
6 Distribution Channel Outlook
7 Competitive Landscape
7.1 Company Profiles
7.1.1 China Life Insurance Co., Ltd company overview
7.1.2 China Ping An Life Insurance Co., Ltd company overview
7.1.3 Hexie Health Insurance Co., Ltd company overview
7.1.4 New China Life Insurance Co., Ltd company overview
7.1.5 China Pacific Life Insurance Co., Ltd company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Environmental liability insurance
8.4.3 Social security system
8.4.4 Aviation liability insurance
8.5 Supervision and Control
8.5.1 International Associations of Insurance Supervisors
8.5.2 China Insurance Regulatory Commission
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and Penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 Databook
9.1 Policies and Premium
9.2 Claims and Expenses
9.3 Assets and Investments
9.4 Personal Accident Insurance
9.5 Health Insurance
9.6 Health Insurance by Product
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetrics Services
11.4 Disclaimer


List of Tables
Table 1: Chinese Personal Accident and Health Insurance Key Facts, 2015
Table 2: Chinese Personal Accident and Health Insurance Segment Shares of the Leading Insurers, 2015
Table 3: Chinese Government Credit Ratings
Table 4: Chinese Personal Accident and Health Insurance Gross Written Premium (CNY Billion and US$ Billion), 20112015
Table 5: Chinese Personal Accident and Health Insurance Penetration (%), 20112015
Table 6: Chinese Personal Accident and Health Insurance Gross Written Premium (CNY Billion and US$ Billion), 20152020
Table 7: Chinese Personal Accident and Health Insurance Penetration (%), 20152020
Table 8: Chinese Personal Accident and Health Insurance Premium per Capita (CNY and US$), 20112015
Table 9: Chinese Personal Accident and Health Insurance Premium per Capita (CNY and US$), 20152020
Table 10: Chinese Personal Accident and Health Insurance Paid Claims (CNY Billion and US$ Billion), 20112015
Table 11: Chinese Personal Accident and Health Insurance Paid Claims (CNY Billion and US$ Billion), 20152020
Table 12: Chinese Personal Accident and Health Insurance Profitability Ratio (%), 20112015
Table 13: Chinese Personal Accident and Health Insurance Profitability Ratio (%), 20152020
Table 14: Chinese Personal Accident and Health Insurance Total Assets (CNY Billion and US$ Billion), 20112015
Table 15: Chinese Personal Accident and Health Insurance Total Assets (CNY Billion and US$ Billion), 20152020
Table 16: Chinese Personal Accident and Health Insurance Total Investment Income (CNY Billion and US$ Billion), 20112015
Table 17: Chinese Personal Accident and Health Insurance Total Investment Income (CNY Billion and US$ Billion), 20152020
Table 18: Chinese Personal Accident and Health Insurance Investment Portfolio (CNY Billion), 20112015
Table 19: Chinese Personal Accident and Health Insurance Investment Portfolio (CNY Billion), 20152020
Table 20: Chinese Personal Accident and Health Insurance Direct Written Premium by Category (CNY Billion),20112015
Table 21: Chinese Personal Accident and Health Insurance Direct Written Premium by Category (CNY Billion), 20152020
Table 22: Chinese Personal Accident Insurance Direct Written Premium (CNY Billion and US$ Billion), 20112015
Table 23: Chinese Personal Accident Insurance Direct Written Premium (CNY Billion and US$ Billion), 20152020
Table 24: Chinese Personal Accident Insurance Paid Claims (CNY Billion and US$ Billion), 20112015
Table 25: Chinese Personal Accident Insurance Paid Claims (CNY Billion and US$ Billion), 20152020
Table 26: Chinese Personal Accident Insurance Loss Ratio (%), 20112015
Table 27: Chinese Personal Accident Insurance Loss Ratio (%), 20152020
Table 28: Chinese Health Insurance Direct Written Premium by Sub-Category (CNY Billion), 20112015
Table 29: Chinese Health Insurance Direct Written Premium by Sub-Category (CNY Billion), 20152020
Table 30: Chinese Health Insurance Paid Claims (CNY Billion and US$ Billion), 20112015
Table 31: Chinese Health Insurance Paid Claims (CNY Billion and US$ Billion), 20152020
Table 32: Chinese Health Insurance Loss Ratio (%), 20112015
Table 33: Chinese Health Insurance Loss Ratio (%), 20152020
Table 34: Chinese Personal Accident and Health Insurance Segment Shares of Leading Insurers (%), 2015
Table 35: China Life Insurance Co., Ltd Key Facts
Table 36: China Ping An Life Insurance Co., Ltd Key Facts
Table 37: China Life Insurance Co., Ltd Key Facts
Table 38: New China Life Insurance Co., Ltd Key Facts
Table 39: China Life Insurance Co., Ltd Key Facts
Table 40: China Insurance Regulatory Framework Key Features
Table 41: China Life Insurance Regulatory Framework
Table 42: China Property Insurance Regulatory Framework
Table 43: China Motor Insurance Regulatory Framework
Table 44: China Motor Insurance Regulatory Framework
Table 45: China Liability Insurance Regulatory Framework
Table 46: China Corporate Tax Rates for the Financial Year 2017
Table 47: Chinese Personal Accident and Health Insurance Industry Policies and Premium, 20112015
Table 48: Chinese Personal Accident and Health Insurance Industry Policies and Premium, 20152020
Table 49: Chinese Personal Accident and Health Insurance Claims and Expenses, 20112015
Table 50: Chinese Personal Accident and Health Insurance Claims and Expenses, 20152020
Table 51: Chinese Personal Accident and Health Insurance Assets and Investments, 20112015
Table 52: Chinese Personal Accident and Health Insurance Assets and Investments, 20152020
Table 53: Chinese Personal Accident and Health Insurance Personal Accident Insurance, 20112015
Table 54: Chinese Personal Accident and Health Insurance Personal Accident Insurance, 20152020
Table 55: Chinese Personal Accident and Health Insurance Health Insurance, 20112015
Table 56: Chinese Personal Accident and Health Insurance Health Insurance, 20152020
Table 57: Chinese Personal Accident and Health Insurance Health by Product, 20112015
Table 58: Chinese Personal Accident and Health Insurance Health by Product, 20152020
Table 59: Insurance Industry Definitions


List of Figures
Figure 1: Chinese Real GDP (CNY Trillion), 20112020
Figure 2: Chinese GDP Components by Sector (%), 2015
Figure 3: Chinas Economic Transition by GDP Component, 19902015
Figure 4: Chinese Consumer Price Inflation (%), 20112020
Figure 5: Chinese Current Account Balance as Percentage of GDP (%), 20112015
Figure 6: Chinese Currency Exchange Rate, 20112015
Figure 7: Chinese Employment by Type of Enterprises, 20052015
Figure 8: Chinese Unemployment Rate, 20112020
Figure 9: Chinese Population by Age Group, 19912025
Figure 10: Chinese Personal Accident and Health Insurance Penetration Regional Comparison (%), 2015
Figure 11: Chinese Insurance Direct Written Premium Shares Regional Comparison (%), 2015
Figure 12: Chinese Personal Accident and Health Insurance Gross Written Premium (CNY Billion), 20112020
Figure 13: Chinese Personal Accident and Health Insurance Penetration (%), 20112020
Figure 14: Chinese Personal Accident and Health Insurance Premium per Capita (CNY), 20112020
Figure 15: Chinese Personal Accident and Health Insurance Paid Claims (CNY Billion), 20112020
Figure 16: Chinese Personal Accident and Health Insurance Profitability Ratio (%), 20112020
Figure 17: Chinese Personal Accident and Health Insurance Total Assets (CNY Trillion), 20112020
Figure 18: Chinese Personal Accident and Health Insurance Total Investment Income (CNY Billion), 20112020
Figure 19: Chinese Personal Accident and Health Insurance Investment Portfolio (CNY Trillion), 20112020
Figure 20: Chinese Personal Accident and Health Insurance Investment Portfolio Dynamics by Category, 20112020
Figure 21: Chinese Personal Accident and Health Insurance Direct Written Premium by Category (CNY Billion), 20112020
Figure 22: Chinese Personal Accident and Health Insurance Direct Written Premium Dynamics by Category, 20112020
Figure 23: Chinese Personal Accident Insurance Direct Written Premium (CNY Billion), 20112020
Figure 24: Chinese Personal Accident Insurance Paid Claims (CNY Billion), 20112020
Figure 25: Chinese Personal Accident Insurance Earned Premium, Incurred Loss and Loss Ratio (CNY Billion and %), 20112020
Figure 26: Chinese Health Insurance Direct Written Premium by Sub-Category (CNY Billion), 20112020
Figure 27: Chinese Health Insurance Direct Written Premium Dynamics by Sub-Category, 20112020
Figure 28: Chinese Health Insurance Paid Claims (CNY Billion), 20112020
Figure 29: Chinese Health Insurance Earned Premium, Incurred Loss and Loss Ratio (CNY Billion and %), 20112020
Figure 30: Chinese Personal Accident and Health Insurance Market Shares of Leading Insurers (%), 2015
Figure 31: China Key Changes in the Chinese Insurance Industry with the Insurance Law Amendments
Figure 32: China Insurance Supervision and Control at Various Levels
Figure 33: China Insurance Regulatory Frameworks for Company Registration and Operation
Figure 34: China Insurance Supervision and Control at Various Levels
Figure 35: China Judiciary System

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