Over the five years through 2014, the Life Insurance Providers industry in China grew at an annualized rate of 6.8% to $212.0 billion. There are about 71 enterprises operating in the industry employing 1.06 million workers with an estimated payroll of $12.3 billion.
Industry performance has been volatile over the period, with premium income growth declining 9.7% in 2011. In 2011, the industry was constrained by intensified regulations on life insurance sales in banking channels, the shrinking number of individual insurance sales people and the implementation of new insurance accounting principles.
The Life Insurance Providers industry in China comprises establishments primarily engaged in underwriting (i.e. assuming the risk and assigning premiums) annuity products, individual and group life insurance policies, health insurance policies and accidental death insurance policies.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.