INSPENONLINE: Research and Markets: Life Insurance in China, Key Trends and Opportunities to 2017

Wednesday 16 October 2013

Research and Markets: Life Insurance in China, Key Trends and Opportunities to 2017

　

Research and Markets has announced the addition of the "Life Insurance in China, Key Trends and Opportunities to 2017" report to their offering.

The life segment accounted for 59.7% of the country's insurance industry in 2012. The life segment's growth slackened in 2011 and 2012, after phenomenal expansion at a CAGR of 28.5% during 2006-2010. The changes in reporting basis to Chinese GAAP in 2011 (which excludes most premiums from variable universal life and investment-linked products) and new bancassurance regulations imposed by the China Banking Regulatory Commission (CBRC) in November 2010 reduced the growth in premium. Despite the current challenging operating environment for life insurance, the long-term growth potential remains encouraging given China's low insurance penetration, rising income levels and aging population.

This report provides a comprehensive analysis of the life insurance segment in China:
It provides historical values for China's life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
It offers a detailed analysis of the key sub-segments in China's life insurance segment, along with industry forecasts until 2017
It covers an exhaustive list of parameters including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
It analyses the various distribution channels for life insurance products in China
Key Topics Covered:

1 Executive Summary

2 Introduction

3 Regional Market Dynamics

4 Life Insurance

5 Chinese Insurance Industry Attractiveness

6 Life Insurance Outlook

7 Analysis by Distribution Channel

8 Porter's Five Forces Analysis - Chinese Life Insurance

9 Reinsurance Growth Dynamics and Challenges

10 Governance, Risk and Compliance

11 Competitive Landscape and Strategic Insights

12 Business Environment and Country Risk

13 Appendix

Companies Mentioned
China Life Insurance
China Pacific Insurance (Group) Co., Ltd
China Post Life Insurance Company Ltd
New China Life Insurance Co. Ltd
PICC Life
Ping An Insurance Group
Sino Life Insurance Co., Ltd
Sunshine Insurance Group Co., Ltd
Taikang Life Insurance Co., Ltd
Taiping Life Insurance Company Ltd
For more information visit http://www.researchandmarkets.com/research/zc4kqz/life_insurance_in

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Life Insurance

Source: Research and Markets

　

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Lawal is Inspen 2014 insurance man of the year

The former President Chartered Insurance Institute of Nigeria (CIIN) Fatai Lawal has emerged the 2014 Inspenonline Insurance Man of the year.

Fatai who is the the Managing Director Sterling Assurance Nigeria Limited was named today, at the Nigerian Insurance and Pension Award organised by Inspenonline.

Chief Executive Officer Inspenonline Media, Chuks Udo Okonta, said Lawal was picked from the votes casted by the public and other considerations made by the award's panel of assessors.

He noted that the winner raised the bar at the the Institute and the industry by opting to serve a tenure which was eventful and impactful. He added that amongst the legacies left by the winner was the printing and donation of Insurance books to secondary and tertiary institutions aimed at deepening insurance awareness.

Okonta noted that the award, which started two years ago with the recognition of two distinguished individuals and an underwriting company, has now come to stay.

"This year, we decided to raise the bar by setting high standards to judge the operations of companies and impacts made by individuals in moving insurance and pension business forward.

"To achieve this, we gave the public the opportunity to select those to be celebrated by calling for votes. Having harmonised the votes which came from different parts of the country, we benchmarked the scores with the set standard to arrive at the winners we are celebrating today," he said.

Others winners are AIICO Insurance Plc, Insurance company of the year; FUG Pensions Limited, Pension Fund Administrator of the Year; YOA Insurance Brokers Limited and Glanvill Enthoven Insurance Brokers Limited, Insurance Broker of the year.

Professional Excellence Award went to Professor Joe Irukwu; Best Professional Group went to the Chartered Insurance Institute of Nigeria and Association of Registered Insurance Agents of Nigeria; Corporate Brand went to Mansard Insurance Plc and Leadway Assurance Limited while Corporate Social Responsibility Award was won by Sovereign Trust Insurance Plc.

The organisers also recognised organisations that distinguished themselves, with Excellence Award. Organisations in this category include the National Pension Commission, Lagos State Pension Commission, Goldlink Insurance Plc and Pension Transition Administration Directorate.

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