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, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $151,490
Life premiums 176,950
Total premiums $328,439
Percent of total world premiums 6.87%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company CNY Mn USD Mn
PICC Propery and Casualty 252,419.2 41,087.6
Ping An Property and Casualty 142,857.3 23,253.7
CPIC Property 92,837.3 15,111.6
China Life Property and Casualty 40,397.4 6,575.7
China United Property 34,865.2 5,675.2
China Continent Property and Casualty 22,358.1 3,639.3
Sunshine Property and Casualty 21,173.4 3,446.5
Sinosure (China Export and Credit Insurance Corporation) 18,118.4 2,949.2
Taiping General 13,269.8 2,160.0
Tianan Insurance 11,152.6 1,815.4

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company CNY Mn USD Mn
China Life 331,242.2 53,918.1
Ping An Life 173,994.8 28,322.1
New China Life 109,868.3 17,883.9
China Pacific Life 98,691.7 16,064.6
PICC Life 78,717.6 12,813.3
Taikang Life 67,904.4 11,053.2
Taiping Life 65,128.5 10,601.3
Anbang Life 52,887.6 8,608.8
Sino Life 36,710.7 5,975.6
China Post Life 21,952.8 3,573.4

Source: Axco Insurance Information Services.

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