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, 2011-2015 (1)

Year Population
2011 1,336,718,015
2012 1,343,239,923
2013 1,349,585,838
2014 1,355,692,576
2015 1,367,485,388

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $9,872.0
2012 11,300.0
2013 13,370.0
2014 17,630.0
2015 19,390.0

(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.

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Life And Nonlife Insurance Premiums, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $175,737
Life premiums 210,763
Total premiums $386,500
Percent of total world premiums 8.49%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2015

  Gross written premiums
Company CNY Mn USD Mn
PICC Property and Casualty  281,010.0 45,033.7
Ping An Property and Casualty  163,640.9 26,224.5
CPIC Property  94,438.8 15,134.4
China Life Property and Casualty  50,369.2 8,072.0
China United Property  39,369.9 6,309.3
China Continent Property and Casualty  26,588.7 4,261.0
Sunshine Property and Casualty  25,816.6 4,137.3
Sinosure (China Export and Credit Insurance Corporation)  16,487.5 2,642.2
Taiping General  15,615.0 2,502.4
Tianan Insurance  13,096.5 2,098.8

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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