China Insurance Sector Report 2021 4th Quarter

Following a sharp downturn in Q2 2021, China’s insurance sector continued to contract in Q3. As a result, the premium income from June to September 2021 dropped by 4.0% y/y, softening compared to a contraction of 13.2% from April to June. The premium decline in Q3 further dragged the growth in Q1 – Q3 2021 to 1.3% y/y. This growth rate was also much slower than 6.5% in the same period of 2020 when China’s economy was gradually recovering from the pandemic crisis. Meanwhile, the insurance payment increased by 10.3% y/y in Q3 2021—continuing to squeeze insurers’ profits, which have been under pressure since Q2 2021. The slow consumption recovery and ongoing transitions in both life and property insurance subsectors remained the leading factors of the decline.​

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: