Report Highlights
In 2008, China's life insurance market underwent reshuffling. Thanks to aggressive expansion in the area of bancassurance, small and medium-sized insurance companies with a small number of branches and channels achieved fast growth, and some insurance companies enlarged their market shares significantly as their products turned out to be big hits. In particular, as the securities market rose substantially in the past few years, Investment-type Insurance products' yield soared, and gained great popularity in the marketplace. However, the SSE Composite Index kept falling after hitting its peak on October 16, 2007, and a financial crisis broke out in September 2008. As a result, China's securities market slid into a downturn. Yield of investment-type Insurance products was unsatisfactory. Sales volume of insurance products has plunged, and even has had an impact on traditional Insurance products.
Based on in-depth research in major life insurance companies, the report depicts changes in the market and clearly points out its development direction, with scientific and complete forecasts. Moreover, it conducts regression modeling and expert verification of major market segments, and examines related links, deriving valuable trend analysis and quantitative forecast results.
Table of Contents
Main Conclusions
Key Findings
I. Overview of Life Insurance Products in China
(I) Classification of Life Insurance Products
1. Traditional Insurance
2. Investment-type Insurance
(II) Characteristics of Life Insurance
1. Characteristics of Traditional Insurance
(1) Health Insurance
(2) Accident Insurance
(3) Pension Insurance
2. Characteristics of Investment-type Insurance
(1) Participating Insurance
(2) Universal Insurance
(3) Investment-linked Insurance
II. Analysis of China's Insurance Market, 2006-2008
(I) Traditional Insurance Products
1. Health Insurance
(1) One-off Sum
(2) Installment Premium
2. Accident Insurance
(1) One-off Sum
(2) Installment Premium
3. Pension Insurance
(1) One-off Sum
(2) Installment Premium
(II) Investment-type Insurance Products
1. Participating Insurance
(1) One-off Sum
(2) Installment Premium
2. Universal Insurance
(1) One-off Sum
(2) Installment Premium
3. Investment-linked Insurance
(1) One-off Sum
(2) Installment Premium
III. Analysis of China's Insurance Market in 2008
(I) Comparison of Traditional Insurance Products
1. Health Insurance
(1) New China Life's "Health Star" Whole-life Major Disease Insurance
(2) China Life's Whole-life Health Insurance
2. Accident Insurance
(1) China Life's Good-fortune Insurance
(2) AIA's Individual Personal Accident
(3) New China Life's Personal Life Accident Insurance
3. Pension Insurance
(1) AIA's 20-Year Guarantee Annuity
(2) China Life's Pension Insurance
(II) Investment-type Insurance Products
1. Participating Insurance
(1) AIA's @25 Juvenile Endowment Participation
(2) New China Life's Participating Insurance
2. Universal Insurance
(1) Skandia-BSM Life's Universal Insurance
(2) Ping An's "Century Winner" Whole-life Insurance
(3) Nissay-Sva Life's Universal Insurance
3. Investment-linked Insurance
(1) AIA's Investment-linked Insurance
(2) Ping An's Investment-linked Insurance
(3) New China Life's Investment-linked Insurance
IV. Development Trend of China's Life Insurance Market, 2009-2011
(I) Traditional Insurance
1. Health Insurance
2. Accident Insurance
3. Pension Insurance
(II) Investment-type Insurance
1. Participating Insurance
2. Universal Insurance
3. Investment-linked Insurance
List of Tables
Size of China's Life Insurance Market, 2006-2008
Size of China's Life Insurance Market, Q1-Q4 2008
Size of China's Health Insurance Market, Q1-Q4 2008
Size of China's Endowment Insurance Market, Q1-Q4 2008
Size of China's Accident Insurance Market, Q1-Q4 2008
Size of China's Investment-linked Insurance Market, Q1-Q4 2008
Size of China's Participating Insurance Market, Q1-Q4 2008
Size of China's Universal Insurance Market, Q1-Q4 2008
...
List of Figures
Size of China's Universal Insurance Market, 2006-2008
Size of China's Investment-linked Insurance Market, 2006-2008
Size of China's Participating Insurance Market, 2006-2008
Size of China's Health Insurance Market, 2006-2008
Size of China's Endowment Insurance Market, 2006-2008
Size of China's Accident Insurance Market, 2006-2008
...
