Aarkstore Enterprise China Insurance Market Outlook to 2015

Aarkstore announce a new report  "China Insurance Market Outlook to 2015" through its vast collection of market research report.

The Report titled “China Insurance Market Outlook to 2015” provides an in-depth analysis of the China insurance industry. The report covers specific insights on the market size, insurance density, and penetration, segmentation by product and geography and future outlook of the insurance industry in China. The report contains information on the market size and competitive landscape of life and non-life insurance segment along with major company profiles. Overall, the report offers a comprehensive analysis of the entire China insurance industry.

China is regarded as the fastest developing countries in the region. During the historical period in case of gross life insurance premium, a CAGR of 27.6% was phenomenal. The gross non-life premium also increased from USD 9,928 million in 2001 to USD 53,871 million in 2009. As a result, total insurance premium also increased from USD 25,484 million in 2001 to USD 163,046 million in 2009, at a CAGR of 26.1%.

Life insurance penetration would increase at a CAGR of 6.2% during the 2009-2015. In terms of premium, the increase would be from 2.19% to 3.14% in 2015. The demand for non-life is expected to increase at a much higher growth rate than that of life insurance. The increased demand for non-life insurance would mean the growth in the penetration for non-life would be higher than that of life insurance. The total insurance would also increase from 3.27% in 2009 to ~% in 2015, at a CAGR of ~%.

Motor insurance is the dominating sub-segment in case of non-life insurance. The sub segment had a market share of ~% with a premium contribution of USD ~ million. Property insurance was the second largest contributor with a market share of ~%. Agriculture, liability, Personal accident and Cargo all contributed with a premium of USD ~ million, USD ~ million, USD ~ million and USD ~ million respectively.

China Life was the largest player operating in the Chinese market with a market share of ~% followed by Ping An Insurance with ~%. New China was the third largest player with ~% of the market share. CPIC and PICC Life were jointly ranked as the fourth largest player in the insurance industry with ~% of the market share.

For more information, please visit:
http://www.aarkstore.com/reports/China-Insurance-Market-Outlook-to-2015-107098.html
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