China Insurance Sector Report 2018 2nd Quarter

China’s insurance sector witnessed its first quarterly contraction since 2011 amid tightening financial regulations and government control, as well as growing market competition. Insurance premiums fell by 11.2% y/y to RMB 1.4tn in the first quarter of 2018, following a 5.8% y/y growth in Q4 2017. The property insurance premiums, however, rose by 14.6% y/y to RMB 275.3bn and made up 19.5% of the total insurance premiums in the period. Premiums from the human insurance segment, which accounted for the remaining 80.5% of total premiums, decreased by 15.8% y/y to RMB 1,408.4bn. The life and the health insurance premiums slid by 18.3% and 2.4% y/y, respectively, while the accident insurance premiums rose by 15.5% y/y. The life insurance was the only segment that registered a rise in its share of total insurance premiums, reaching 67.5% in Q1 2018, compared to 41% in Q4 2017. The total insurance payments dropped by 1.1% y/y in the first three months of 2018, reaching RMB 326.8bn.  

This report provides a complete and detailed analysis of the insurance sector for China. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the insurance sector in China
• Access forecasts for growth in the sector
• View key data on insurance premiums and claims in China.
• Crystallise the forces both driving and restraining this sector in China
• Assess market share for the life insurance, non-life and reinsurance sectors
• Ascertain China’s position in the global sector
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in China
• Build a clear picture of trends and issues for sub-sectors (life insurance, non-life insurance, reinsurance) and for retail channels.

See below for a complete table of report contents: