Chinese Insurance Industry

Table of Contents

1. Industry Overview

• A ' Giant' Opportunity...
• Insurance Sector Representation
• Table 1: Chinese Recent Past, Current & Future Analysis for Insurance Industry by Segment - Non-Life and Life Markets Independently Analyzed with Premiums in US$ Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 2: Chinese 5 -Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premiums for Non-Life and Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 3: Chinese Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life and Non-Life
• Table 4: Chinese Insurance Industry (2006 & 2007): Percentage Breakdown of Investment Portfolio by Bonds, Deposits, Equities & Mutual Funds, and Others (includes corresponding Graph/Chart)
• Table 5: Leading Players in Chinese Insurance Industry (2006): Percentage Market Share by Company - China Life, Ping An, PICC P & C, Pacific Insurance, and Others (includes corresponding Graph/Chart)
• Table 6: Chinese Insurance Industry (2005): Number of Insurance Companies by Category - Life, Non-Life, and Reinsurers (includes corresponding Graph/Chart)
• Table 7: Chinese Life Insurance Industry (2002-2004): Percentage Breakdown of Life Insurance Depth (Premium/GDP) (includes corresponding Graph/Chart)
• Table 8: Chinese Life Insurance Industry (2002-2004): Life Insurance Density (Premium/Capita) in Rmb (includes corresponding Graph/Chart)
• China Peps up the Lure for Foreign Insurers
• Chinese Insurers Gear Up for Expanded Investment Avenues
• Insurance Market Outlook in China
• A Historic Perspective

2. Market Trends and Issues

• A Promising Market...
• High Savings Rates Prop Growth
• Cultural Barriers - A Hitch ...
• Shanghai & Beijing: Insurance Hubs...
• Burgeoning Growth in Beijing' s Insurance Market
• China-Funded Companies Dominate the Market
• Rise in Foreign Insurers Energizes the Insurance Market
• Hiked Competition Forces Premiums Down...
• The Wave of Reforms...
• Foreign Owned Insurers: Screening Out the Ceiling Effect
• Leading Chinese Banks to Enter Domestic Insurance Sector
• Deregulation of Insurance Industry Boosts Growth of P&C Insurance Sector
• Chinese Export Credit Insurance Market Picking Up
• IT Spend Set to Grow
• Big Potential for Global Insurance Industry in China
• China - Asia' s Leading Insurance Market
• Table 9: Chinese Insurance Industry (2005-2010): Total Insurance IT Expenditure in US$ Billion For Life and Non-Life Insurance (includes corresponding Graph/Chart)

3. Market Segments

3a. Non-Life Insurance Market

• Table 10: Chinese Non-Life Insurance Market (2005): Percentage Breakdown by Category - Auto, Property, Cargo, Liability, and Others (includes corresponding Graph/Chart)
• Major Non-Life Insurance Companies Operating in China (As of 2006)
• Table 11: Chinese Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for PICC, China Pacific Property, Ping An Property, Tian An, China United Property, Da Zhong, Hua Tai, Yong An Property, Sinosafe General, and Taiping Insurance (includes corresponding Graph/Chart)
• Table 12: Chinese Non-Life Insurance Market (2001): Gross Written Premiums in US$ Million by Leading Companies for PICC, China Pacific, Ping An, Huatai, and Dazhong (includes corresponding Graph/Chart)
• Travel Insurance Experiences Rapid Growth in Shanghai
• Property & Casualty Insurance Market
• Table 13: Chinese Recent Past, Current & Future Analysis for Property & Casualty (P&C) Insurance Market with Premiums in RMB Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 14: Chinese Property & Casualty (P&C) Insurance Market (2007 & 2008): Percentage Breakdown of Premiums by Product Category - Motor Vehicle, Commercial Property, Liability, Cargo, Agriculture, and Others (includes corresponding Graph/Chart)
• Table 15: Chinese Non-life Insurance Industry (2006 & 2007): Percentage Breakdown Distribution Channels for Intermediaries (Individual Agents, Insurance Agencies, Professional Agencies, Insurance Brokers), and Direct Distribution (includes corresponding Graph/Chart)
• Table 16: Leading Players in Chinese Property & Casualty (P&C) Insurance Market (2006 & 2007): Percentage Market Share of Premiums by Company - PICC, China Pacific, Ping An P&C, China United Property, Dadi P&C, Tianan, Other Chinese Life Insurers, and Foreign Life Insurers (includes corresponding Graph/Chart)
• General Insurance Market - A Past Perspective
• Table 17: Top Players in the Chinese P&C Insurance Market (2003 & 2004): Percentage Value Breakdown of Premiums for PICC, China Pacific, Ping An and Others (includes corresponding Graph/Chart)
• Table 18: Chinese Motor Insurance Market (2004): Percentage Market Share by Company - China Pacific, China United, PICC, Ping An, Tian An, and Others (includes corresponding Graph/Chart)
• Table 19: Chinese Motor Insurance Market (2003): Percentage Value Breakdown of Premium by Company for PICC, China Pacific, Ping An and Others (includes corresponding Graph/Chart)
• Table 20: Leading Players in the Chinese Commercial Property Insurance Market (2003): Percentage Value Breakdown of Premium by Company for PICC, China Pacific, Ping An and Others (includes corresponding Graph/Chart)
• Table 21: Chinese Cargo Insurance Market (2003): Percentage Value Breakdown of Premium by Company - PICC, China Pacific, Ping An, Huatai and Others (includes corresponding Graph/Chart)
• Table 22: Chinese Credit Insurance Market (2003): Percentage Value Breakdown of Premium by Company - Ping An, China United, Yong An, Tian An, Sinosafe and Others (includes corresponding Graph/Chart)
• Table 23: Chinese Agricultural Insurance Market (2003): Percentage Value Breakdown of Premium by Company - PICC, China United and Others (includes corresponding Graph/Chart)

3b. Life Insurance Market

• A Marked Tilt Towards Life...
• Table 24: Chinese Life Insurance Market (2007 & 2008): Percentage Breakdown of Premiums by Policy Type for Individual Life Insurance, Health Insurance, and Accident Insurance (includes corresponding Graph/Chart)
• Table 25: Chinese Life Insurance Industry: Life Insurance Premiums In US$ Billion for 2000-2004 (includes corresponding Graph/Chart)
• ' Individual' Market...
• Table 26: China' s Life Insurance Premium (2000-2004): Percentage Share of Premium by Policy Type - Individual Life, Group Life, Accident and Health (includes corresponding Graph/Chart)
• Table 27: Chinese Life Insurance Industry (2005): Percentage Breakdown of Premiums by Distribution Channel - Individual Sales, Insurer/Intermediaries, Insurance Brokers, Insurance Intermediaries, and Others (includes corresponding Graph/Chart)
• Major Life Insurance Companies Operating in China (As of 2006)
• Competition Hots Up...
• Table 28: Leading Players in Chinese Life Insurance Market (2006 & 2007): Percentage Breakdown of Premiums by Company - China Life Group, Ping An Insurance, China Pacific, New China Life, Taikang Life, Tai Ping Life, Minsheng Life, Sino Life, Other Local Life Insurers, and Foreign Life Insurers (includes corresponding Graph/Chart)
• Life Insurance Market - A Past Perspective
• Table 29: Leading Players in the Chinese Life Insurance Market (2004 & 2005): Percentage Breakdown by Value of Premium Written for - China Life, CLIC, China Pacific and Ping An (includes corresponding Graph/Chart)
• Table 30: Chinese Life Insurance Industry (2003): Percentage Value Breakdown of Premiums by Product Type for China Life, Ping An, China Pacific, and Others (includes corresponding Graph/Chart)
• Table 31: Chinese Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for China Life, Ping An Life, China Pacific Life, New China Life, Taikang Life, Tai Ping Life, AIA (Shanghai), AIA (Guangzhou), ING Pacific, and Zong Hong (Shanghai) (includes corresponding Graph/Chart)
• Table 32: Leading Players in Chinese Life Insurance Market (2002): Percentage Share Breakdown by Written Premiums for China Life, Ping An, China Pacific, New China Life, Taikang Life, AIA (AIG) and Others (includes corresponding Graph/Chart)

3c. Reinsurance Market

• Reinsurance Industry in China
• Emergence of Private Investors and Large Foreign Reinsurance Companies
• Table 33: Chinese Recent Past, Current & Future Analysis for Reinsurance Industry with Premiums in US$ Billion for the Years 2005 through 2010 (includes corresponding Graph/Chart)

3d. Healthcare Insurance Market

• Rising Per Capita Health Care Spending in China Spells Growth for Medical Insurance

4. A Provincial Perspective

• Table 34: Chinese Insurance Market (2006): Percentage Breakdown of Life and Non-life Premiums by Province (includes corresponding Graph/Chart)
• Table 35: Insurance Penetration Percentage for Select Chinese Cities for 2005 (includes corresponding Graph/Chart)
• Table 36: China' s Top Ten Province/City (2003): Life Insurance Density (Premium/Person), Percentage Share of Life Insurance Depth (Premium/GDP) and No. of Domestic Foreign Insurers (includes corresponding Graph/Chart)
• Table 37: Competitive Landscape Across the Top Provinces in China: 2003 (includes corresponding Graph/Chart)

5. Chinese Insurance Industry - A Backgrounder

• Commercial Insurance Industry Takes Roots in 1978...
• Regulatory Mechanisms
• Role of China Insurance Regulatory Commission (CIRC)
• Restrictions on Foreign Ownership
• Introduction of Compulsory Third Party Liability
• Opening Up of China...
• Gradual Opening Up of the Market...
• China' s Admission into WTO Fuels the Growth of Insurance Sector
• The Repercussions
• International Reinsurance Companies Enter Chinese Reinsurance Market

6. Product Launch

• Sino-US MetLife Introduces New Insurance Product

7. Recent Industry Activity

• FIC Secures Chinese Regulatory Approval to Set Up an Insurance Subsidiary
• China Reinsurance to Increase Stake in CLR
• Ping Acquires Minority Share in Fortis
• HSBC Insurance to Form a Joint Venture with NTL
• Shanghai Dragon to Divest Interest in Dazhong Insurance
• Union Life Insurance to Divest Stake
• Allianz China to Expand Business
• Morley to Form a Fund Management Joint Venture in China
• Shin Kong Enters into Chinese Market
• China Postal Group to Setup Insurance Firm
• Lloyd' s Starts Chinese Operations
• CITIC Prudential Opens Branch in Tianjin
• CIRC Grants Clearance for Dongbu Insurance' s Acquisition Proposal
• China Life to Acquire 60% Stake in Zhongcheng
• China Reinsurance to Increase Stake in China P&C Reinsurance
• China Pacific Insurance to Buy Further 25% of China Pacific Life Insurance
• Cheung Kong Purchases Minority Stake in Ming An
• Insurance Australia to Buy Stake in China Pacific
• AIA Receives Approval to Offer Group Insurance
• ING Capital Alliances with BEA
• Heng An Standard Life Opens Unit in Beijing
• China Life to Buy Minority Stake in Huishang Bank
• Tokyo Marine Acquires Stake in Chinese Tianan
• Bangkok Bank Acquires 10% Stake in PICC Life
• Allianz to Expand Business in China
• Establishment of CPIC Insurance in China
• Samsung Makes Footprints in Chinese Insurance Market
• CCI Seeks Roadmap to Insurance Market in Chinese Mainland
• Prudential Financial Eyes China
• Chinese Auto Insurance Sector Gears up for a Big Bang Entry of SAIC
• PICC Obtains CIRC' s Nod for Tri-Nation Partnership for Life Insurance
• HSBC to Up Stake in Ping An Insurance
• China Commences Operations of First Auto Insurance Company in Shanghai
• Twelve New Branches From Huaan Insurance Company
• Chinese Companies Foray Health Insurance Business

8. Strategic Corporate Developments in the Past

• China Life Insurance and United Securities Enter into Insurance-Securities Agreement
• Agricultural Bank of China Signs Agreement with China Pacific Insurance Group
• Agricultural Bank of China Signs Agreement with New China Life Insurance
• Sun Life-China Everbright JV Gets Government Nod
• The Horton Group Signs Joint Venture with Wanxiang
• John Hancock Life Insurance Forms Joint Venture with Tianan Insurance
• Aegon Group Gains Approval for Joint Venture in } China
• AMP Signs Joint Venture with China Pacific Life Assurance
• GAB Robins Opens Representative Office in China
• State Development Bank and Pacific Insurance Sign Agreement

9. Focus on Select Chinese Players

• Bank of China Group Insurance Company Limited
• China Life Insurance Co. Ltd.
• China Pacific Property Insurance Co., Ltd.
• China Pacific Life Insurance Co., Ltd
• Ping' an Insurance Co.
• PICC Property and Casualty Company Ltd.