China Insurance Industry Report, 2009
The revenue of China’s insurance industry achieved 13.8% yearon-year
y
g
growth to RMB1.11 trillion in 2009, exceeding
g RMB1
trillion for the first time. Property insurance business continued to
remain leapfrog growth, with premium income 23.1% growth
year-on-year to RMB 287.58 billion. As for personal insurance
b i
business,
th
the premium
i
iincome was RMB826
RMB826.15
15 billi
billion, with
ith yearon-year growth of 10.9%. As a whole, the year-round payment of
China’s insurance industry reached RMB 312.55 billion in 2009.
As of the end of 2009, there were eight insurance companies
whose solvency didn’t measure up, a decrease of five in number.
Nevertheless, key indicators of the eight companies showed
positive improvement from the early 2009. The surrender rate of
personal insurance companies was 3.54% and remained a
moderate momentum. Overall, the cash flow of the insurance
companies remains fairly strong.
The structural adjustment in the insurance industry has made productive achievement. Taking property insurance
as an example, non-auto insurance business such as agricultural insurance, credit insurance, engineering
insurance showed a year-on-year growth of 21%, 91.3% and 31.6% respectively; the investment surplus of nonlife
insurance products was RMB50.64 billion, a drop of RMB 42.65 billion over the end of 2008.
The total profit of insurance companies hit RMB53.06 billion. As for the property insurance companies, they
achieved profits of RMB3.51 billion in total, turning from loss to profit. Besides, the life insurance companies
achieved profits of RMB43.46 billion, bringing a remarkable business value boost. The entire industry realized
investment income of RMB214.17 billion, with the rate of return at 6.41% or an increase of 4.5 percentage points
over the previous year. There were a total of 22 insurance companies of which the capital return rate exceeded
8%.
8%
By the end of 2009, the total assets of insurance companies surpassed RMB 4 trillion and reached RMB4.1 trillion.
And the net asset was RMB390.46 billion, an increase of RMB109.74 billion from the end of 2008. The balance of
insurance fund utilization was RMB3.7 trillion. Reform in insurance industry was pushing forward steadily. In
particular, China Pacific Insurance issued H stocks in Hong Kong; the CBRC issued the pilot administrative
measures for commercial banks to make equity investment in insurance companies.
Monthly Revenue of China’s Insurance Industry, 2008-2009
(Unit: RMB Billion)
Source: China Insurance Regulatory Commission, ResearchInChina
Beijing Premium Income (by Months)
Months), 2008
2008-2009
2009 (Unit: RMB Billion)
Source: WIND, ResearchInChina
Through over 180 subdivided charts and tables, the report highlights the overall operation, regional development
and the revenue of major insurance classifications by region and nationwide in China's insurance industry, in a bid
to help related institutions and investors with a profound understanding of China insurance industry and make right
decisions.
decisions
Table of Contents
•
1. Operation of China’s Insurance Industry
•
2. Premium Income by Region
•
3 Revenue of Insurance Classifications
3.
•
3.1 Property Insurance Revenue (by Region)
•
3.2 Life Insurance Revenue (by Region)
•
3 3 Accident Insurance Revenue (by Region)
3.3
•
3.4 Health Insurance Revenue (by Region)
Selected Charts
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Monthly Premium Income, 2008-2009
Monthlyy Property
p y Insurance Revenue, 2008-2009
Monthly Personal Insurance Revenue, 2008-2009
Monthly Life Accident Insurance Revenue, 2008-2009
Monthly Health Insurance Revenue, 2008-2009
Monthly Life Insurance Revenue
Revenue, 2008-2009
Monthly Insurance Payment, 2008-2009
Monthly Property Insurance Payment, 2008-2009
Monthly Personal Insurance Payment, 2008-2009
M thl Lif
Monthly
Life A
Accident
id t Insurance
I
Payment,
P
t 2008-2009
2008 2009
Monthly Health Insurance Payment, 2008-2009
Monthly Personal Insurance Payment, 2008-2009
Monthly Operating Expenses of Insurance Industry, 2008-2009
Monthly Bank Deposit of Insurance Industry, 2008-2009
Monthly Investment of Insurance Industry, 2008-2009
Partial Monthly Data of Bond Investment of Insurance Industry, 2008-2009
Partial Monthlyy Data of Stock of Insurance Industry,
y 2008-2009
Partial Monthly Data of Fund Investment of Insurance Industry, 2008-2009
Monthly Total Assets of Insurance Industry, 2008-2009
Beijing Premium Income (by Months), 2008-2009
Tianjin Premium Income (by Months)
Months), 2008-2009
Premium Income, Hebei Province (by Months), 2008-2009
Premium Income, Liaoning Province (by Months), 2008-2009
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Dalian Premium Income (by Months), 2008-2009
Shanghai Premium Income (by Months)
Months), 2008
2008-2009
2009
Premium Income, Jiangsu Province (by Months), 2008-2009
Premium Income, Zhejiang Province (by Months), 2008-2009
Ningbo Premium Income (by Months), 2008-2009
P
Premium
i
IIncome, Fujian
F ji P
Province
i
(b
(by M
Months),
th ) 2008
2008-2009
2009
Xiamen Premium Income (by Months), 2008-2009
Premium Income, Shandong Province (by Months), 2008-2009
Qingdao Premium Income (by Months), 2008-2009
Premium Income, Guangdong Province (by Months), 2008-2009
Shenzhen Premium Income (by Months), 2008-2009
Premium Income, Hainan Province (by Months), 2008-2009
Premium Income,, Shanxi Province (by
( y Months),
), 2008-2009
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Premium Income, Jilin Province (by Months), 2008-2009
Premium Income, Heilongjiang Province (by Months), 2008-2009
Premium Income, Anhui Province (by Months), 2008-2009
Premium Income
Income, Jiangxi Province (by Months)
Months), 2008
2008-2009
2009
Premium Income, Henan Province (by Months), 2008-2009
Premium Income, Hubei Province (by Months), 2008-2009
Premium Income, Hunan Province (by Months), 2008-2009
Ch
Chongqing
i Premium
P
i
Income
I
(by
(b M
Months),
th ) 2008
2008-2009
2009
Premium Income, Sichuan Province (by Months), 2008-2009
Premium Income, Guizhou Province (by Months), 2008-2009
Premium Income, Yunnan Province (by Months), 2008-2009
Premium Income, Tibet Autonomous Region (by Months),2008-2009
Premium Income, Shaanxi Province (by Months),2008-2009
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Premium Income, Gansu Province (by Months),2008-2009
Premium Income
Income, Qinghai Province (by Months)
Months),2008-2009
2008 2009
Premium Income, Ningxia Hui Autonomous Region (by Months),2008-2009
Premium Income, Xinjiang Uygur Autonomous Region (by Months),2008-2009
Premium Income, Inner Mongolia Autonomous Region (by Months),2008-2009
P
Premium
i
IIncome, Guangxi
G
i Zhuang
Zh
A t
Autonomous
Region
R i (b
(by M
Months),2008-2009
th ) 2008 2009
Beijing Property Insurance Revenue (by Months), 2008-2009
Tianjin Property Insurance Revenue (by Months), 2008-2009
Property Insurance Revenue, Hebei Province (by Months),2008-2009
Property Insurance Revenue, Liaoning Province (by Months),2008-2009
Dalian Property Insurance Revenue (by Months), 2008-2009
Shanghai Property Insurance Revenue (by Months), 2008-2009
Property
p y Insurance Revenue,, Jiangsu
g Province ((by
y Months),2008-2009
),
•
•
•
•
•
•
•
•
•
•
•
•
•
Property Insurance Revenue, Zhejiang Province (by Months),2008-2009
Ningbo Property Insurance Revenue (by Months), 2008-2009
Property Insurance Revenue, Fujian Province (by Months), 2008-2009
Xiamen Property Insurance Revenue (by Months)
Months), 2008
2008-2009
2009
Property Insurance Revenue, Shandong Province(by Months), 2008-2009
Qingdao Property Insurance Revenue (by Months), 2008-2009
Property Insurance Revenue, Guangdong Province(by Months), 2008-2009
Sh
Shenzhen
h Property
P
t Insurance
I
Revenue
R
(by
(b Months),
M th ) 2008
2008-2009
2009
Property Insurance Revenue, Hainan Province (by Months), 2008-2009
Property Insurance Revenue, Shanxi Province (by Months), 2008-2009
Property Insurance Revenue, Jilin Province (by Months), 2008-2009
Property Insurance Revenue, Heilongjiang Province (by Months), 2008-2009
Property Insurance Revenue, Anhui Province (by Months), 2008-2009
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•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Property Insurance Revenue, Jiangxi Province (by Months), 2008-2009
Property Insurance Revenue
Revenue, Henan Province (by Months)
Months), 2008
2008-2009
2009
Property Insurance Revenue, Hubei Province (by Months), 2008-2009
Property Insurance Revenue, Hunan Province (by Months), 2008-2009
Chongqing Property Insurance Revenue (by Months), 2008-2009
P
Property
t Insurance
I
Revenue,
R
Sichuan
Si h
Province
P i
(by
(b Months),
M th ) 2008
2008-2009
2009
Property Insurance Revenue, Guizhou Province (by Months), 2008-2009
Property Insurance Revenue, Yunnan Province (by Months), 2008-2009
Property Insurance Revenue, Tibet Autonomous Region (by Months), 2008-2009
Property Insurance Revenue, Shaanxi Province (by Months), 2008-2009
Property Insurance Revenue, Gansu Province (by Months), 2008-2009
Property Insurance Revenue, Qinghai Province (by Months), 2008-2009
Property
p y Insurance Revenue,, Ningxia
g
Hui Autonomous Region
g
((by
y Months),
), 20082009
Property Insurance Revenue, Tibet Uygur Autonomous Region (by Months), 20082009
Property Insurance Revenue, Inner Mongolia Autonomous Region (by Months),
2008 2009
2008-2009
Property Insurance Revenue, Guangxi Zhuang Autonomous Region (by Months),
2008-2009
Beijing Life Insurance Revenue (by Months), 2008-2009
Tianjin Life Insurance Revenue (by Months)
Months), 2008
2008-2009
2009
Life Insurance Revenue, Hebei Province (by Months), 2008-2009
Life Insurance Revenue, Liaoning Province (by Months), 2008-2009
Dalian Life Insurance Revenue (by Months), 2008-2009
Shanghai Life Insurance Revenue (by Months), 2008-2009
Life Insurance Revenue, Jiangsu Province (by Months), 2008-2009
•
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•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Life Insurance Revenue, Zhejiang Province (by Months), 2008-2009
Ningbo
g Life Insurance Revenue ((by
y Months),
) 2008-2009
Life Insurance Revenue, Fujian Province (by Months), 2008-2009
Xiamen Life Insurance Revenue (by Months), 2008-2009
Life Insurance Revenue, Shandong Province (by Months), 2008-2009
Life Insurance Revenue
Revenue, Anhui Province (by Months)
Months), 2008-2009
Life Insurance Revenue, Yunnan Province (by Months), 2008-2009
Life Insurance Revenue, Tibet Autonomous Region (by Months), 2008-2009
Life Insurance Revenue, Shaanxi Province (by Months), 2008-2009
Lif Insurance
Life
I
Revenue,
R
Gansu
G
Province
P i
(by
(b M
Months),
th ) 2008
2008-2009
2009
Life Insurance Revenue, Qinghai Province (by Months), 2008-2009
Life Insurance Revenue, Ningxia Hui Autonomous Region (by Months), 2008-2009
Life Insurance Revenue, Xinjiang Uygur Autonomous Region (by Months), 2008-2009
Life Insurance Revenue, Inner Mongolia Autonomous Region (by Months), 20082009
Life Insurance Revenue, Guangxi Zhuang Autonomous Region (by Months), 20082009
Beijing Accident Insurance Revenue (by Months)
Months), 2008
2008-2009
2009
Tianjin Accident Insurance Revenue (by Months), 2008-2009
Accident Insurance Revenue, Hebei Province (by Months), 2008-2009
Accident Insurance Revenue, Liaoning Province (by Months), 2008-2009
Dalian Accident Insurance Revenue (by Months), 2008-2009
Shanghai Accident Insurance Revenue (by Months), 2008-2009
Accident Insurance Revenue, Jiangsu Province (by Months), 2008-2009
Accident Insurance Revenue, Zhejiang Province (by Months), 2008-2009
Ningbo Accident Insurance Revenue (by Months), 2008-2009
Accident Insurance Revenue, Fujian Province (by Months), 2008-2009
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•
•
Xiamen Accident Insurance Revenue (by Months), 2008-2009
Accident Insurance Revenue
Revenue, Shandong Province (by Months)
Months), 2008
2008-2009
2009
Qingdao Accident Insurance Revenue (by Months), 2008-2009
Accident Insurance Revenue, Guangdong Province (by Months), 2008-2009
Accident Insurance Revenue, Jiangxi Province (by Months), 2008-2009
A id t IInsurance Revenue,
Accident
R
H
Henan P
Province
i
(b
(by M
Months),
th ) 2008
2008-2009
2009
Accident Insurance Revenue, Hubei Province (by Months), 2008-2009
Accident Insurance Revenue, Hunan Province (by Months), 2008-2009
Chongqing Accident Insurance Revenue (by Months), 2008-2009
Accident Insurance Revenue, Sichuan Province (by Months), 2008-2009
Accident Insurance Revenue, Guizhou Province (by Months), 2008-2009
Accident Insurance Revenue, Yunnan Province (by Months), 2008-2009
Accident Insurance Revenue,, Tibet Autonomous Region
g
((by
y Months),
), 2008-2009
Accident Insurance Revenue, Shaanxi Province (by Months), 2008-2009
Accident Insurance Revenue, Gansu Province (by Months), 2008-2009
Accident Insurance Revenue, Qinghai Province (by Months), 2008-2009
Accident Insurance Revenue
Revenue, Ningxia Hui Autonomous Region (by Months)
Months), 2008
20082009
Accident Insurance Revenue, Xinjiang Uygur Autonomous Region (by Months),
2008-2009
Accident Insurance Revenue, Inner Mongolia
g
Autonomous Region
g
((by
y Months),
)
2008-2009
Accident Insurance Revenue, Guangxi Zhuang Autonomous Region (by Months),
2008-2009
Beijing Health Insurance Revenue (by Months), 2008-2009
Tianjin Health Insurance Revenue (by Months), 2008-2009
Health Insurance Revenue, Hebei Province (by Months), 2008-2009
•
Health Insurance Revenue, Liaoning Province (by Months), 2008-2009
•
Dalian Health Insurance Revenue (by Months), 2008-2009
•
Shanghai Health Insurance Revenue (by Months), 2008-2009
•
Health Insurance Revenue, Jiangsu Province (by Months),2008-2009
•
Health Insurance Revenue
Revenue, Zhejiang Province (by Months)
Months), 2008-2009
•
Ningbo Health Insurance Revenue (by Months), 2008-2009
•
Health Insurance Revenue, Fujian Province (by Months), 2008-2009
•
Xiamen Health Insurance Revenue (by Months), 2008-2009
•
Health Insurance Revenue, Shandong Province (by Months), 2008-2009
•
Qingdao Health Insurance Revenue (by Months), 2008-2009
•
Health Insurance Revenue, Guangdong Province (by Months), 2008-2009
•
Shenzhen Health Insurance Revenue (by Months)
Months), 2008
2008-2009
2009
•
Health Insurance Revenue, Hainan Province (by Months), 2008-2009
•
Health Insurance Revenue, Shanxi Province (by Months), 2008-2009
•
Health Insurance Revenue, Jilin Province (by Months), 2008-2009
•
Health Insurance Revenue, Heilongjiang Province (by Months), 2008-2009
•
Health Insurance Revenue, Anhui Province (by Months), 2008-2009
•
Health Insurance Revenue, Jiangxi Province (by Months), 2008-2009
•
Health Insurance Revenue
Revenue, Henan Province (by Months)
Months), 2008
2008-2009
2009
•
Health Insurance Revenue, Hubei Province (by Months), 2008-2009
•
Health Insurance Revenue, Hunan Province (by Months), 2008-2009
•
Chongqing Health Insurance Revenue (by Months), 2008-2009
•
Health Insurance Revenue, Sichuan Province (by Months), 2008-2009
•
Health Insurance Revenue, Guizhou Province (by Months), 2008-2009
•
Health Insurance Revenue, Yunnan Province (by Months), 2008-2009
•
Health Insurance Revenue, Tibet Autonomous Region (by Months), 2008-2009
•
Health Insurance Revenue, Shaanxi Province (by Months), 2008-2009
•
Health Insurance Revenue, Gansu Province (by Months), 2008-2009
•
Health Insurance Revenue
Revenue, Qinghai Province (by Months)
Months), 2008-2009
•
Health Insurance Revenue, Ningxia Hui Autonomous Region (by Months), 20082009
•
Health Insurance Revenue, Xinjiang Uygur Autonomous Region (by Months), 20082009
•
Health Insurance Revenue, Inner Mongolia Autonomous Region (by Months),
2008-2009
•
Health Insurance Revenue, Guangxi Zhuang Autonomous Region (by Months),
2008-2009
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