China, People's Republic of

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Insurance Association of China
Web: www.iachina.cn

 

POPULATION, 2011-2014 (1)

Year Population
2011 1,336,718,015
2012 1,343,239,923
2013 1,349,585,838
2014 1,355,692,576

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $7,800.0
2010 8,791.0
2011 9,872.0
2012 11,300.0
2013 13,370.0

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $125,844
Life premiums 152,121
Total premiums $277,965
Percent of total world premiums 5.99%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company CNY Mn USD Mn
PICC Propery and Casualty  223,005.0 35,993.2
Ping An Property and Casualty  115,365.0 18,620.0
CPIC Property  81,613.2 13,172.4
China Life Property and Casualty  31,848.5 5,140.4
China United Property  29,711.5 4,795.5
China Continent Property and Casualty  19,846.0 3,203.2
Sunshine Property and Casualty  16,598.0 2,678.9
Sinosure (China Export and Credit Insurance Corporation) 14,031.2 2,264.6
Taiping General  10,799.8 1,743.1
Tianan Insurance  9,951.0 1,606.1

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company CNY Mn USD Mn
China Life  326,719.9 52,732.9
Ping An Life  146,090.9 23,579.2
New China Life  103,639.8 16,727.6
China Pacific Life  95,101.2 15,349.4
PICC Life  75,273.4 12,149.2
Taikang Life  61,123.9 9,865.4
Taiping Life  51,852.8 8,369.1
China Post Life  23,037.2 3,718.2
Sino Life  22,242.8 3,590.0
Sunshine Life  15,755.8 2,543.0

Source: Axco Insurance Information Services.

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