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Life Insurance in Asia-Pacific

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Details

Life Insurance in Asia-Pacific

Summary

Life Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the Asia-Pacific life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The Asia-Pacific life insurance market had total gross written premiums of USD 1,061.4bn in 2017, representing a compound annual growth rate (CAGR) of 6.9% between 2013 and 2017.

The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of USD 848.9bn, equivalent to 80% of the market's overall value.

Growth has primarily been driven by China, where rising incomes and low penetration rates have fuelled growth. Japan was plagued by economic stagnation and market maturity, with life insurance penetration rates of 6.3% in 2017 according to Swiss Re. To compare with the wider market, penetration for Asia (excluding Australia and New Zealand) was 3.7%.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Asia-Pacific

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Asia-Pacific

- Leading company profiles reveal details of key life insurance market players' global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific life insurance market with five year forecasts

Reasons to buy

- What was the size of the Asia-Pacific life insurance market by value in 2017?

- What will be the size of the Asia-Pacific life insurance market in 2022?

- What factors are affecting the strength of competition in the Asia-Pacific life insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in Asia-Pacific's life insurance market?

READ MORE

Table Of Content

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 16

Supplier power 17

New entrants 18

Threat of substitutes 20

Degree of rivalry 21

Leading Companies 22

China Life Insurance Co Ltd 22

Dai-ichi Life Holdings, Inc. 26

Nippon Life Insurance Company 29

Ping An Insurance (Group) Company of China, Ltd. 32

Methodology 36

Industry associations 37

Related MarketLine research 37

Appendix 38

About MarketLine 38


List Of Figure

List of Figures

Figure 1: Asia-Pacific life insurance market value: USD billion, 2013-17

Figure 2: Asia-Pacific life insurance market category segmentation: % share, by value, 2017

Figure 3: Asia-Pacific life insurance market geography segmentation: % share, by value, 2017

Figure 4: Asia-Pacific life insurance market share: % share, by value, 2017

Figure 5: Asia-Pacific life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the life insurance market in Asia-Pacific, 2017

Figure 7: Drivers of buyer power in the life insurance market in Asia-Pacific, 2017

Figure 8: Drivers of supplier power in the life insurance market in Asia-Pacific, 2017

Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2017

Figure 10: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2017

Figure 11: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2017

Figure 12: China Life Insurance Co Ltd: revenues & profitability

Figure 13: China Life Insurance Co Ltd: assets & liabilities

Figure 14: Dai-ichi Life Holdings, Inc.: revenues & profitability

Figure 15: Dai-ichi Life Holdings, Inc.: assets & liabilities

Figure 16: Nippon Life Insurance Company: revenues & profitability

Figure 17: Nippon Life Insurance Company: assets & liabilities

Figure 18: Ping An Insurance (Group) Company of China, Ltd.: revenues & profitability

Figure 19: Ping An Insurance (Group) Company of China, Ltd.: assets & liabilities


List Of Table

List of Tables

Table 1: Asia-Pacific life insurance market value: USD billion, 2013-17

Table 2: Asia-Pacific life insurance market category segmentation: USD billion, 2017

Table 3: Asia-Pacific life insurance market geography segmentation: USD billion, 2017

Table 4: Asia-Pacific life insurance market share: % share, by value, 2017

Table 5: Asia-Pacific life insurance market value forecast: USD billion, 2017-22

Table 6: China Life Insurance Co Ltd: key facts

Table 7: China Life Insurance Co Ltd: key financials (USD )

Table 8: China Life Insurance Co Ltd: key financials (CNY)

Table 9: China Life Insurance Co Ltd: key financial ratios

Table 10: Dai-ichi Life Holdings, Inc.: key facts

Table 11: Dai-ichi Life Holdings, Inc.: key financials (USD )

Table 12: Dai-ichi Life Holdings, Inc.: key financials (JPY)

Table 13: Dai-ichi Life Holdings, Inc.: key financial ratios

Table 14: Nippon Life Insurance Company: key facts

Table 15: Nippon Life Insurance Company: key financials (USD )

Table 16: Nippon Life Insurance Company: key financials (JPY)

Table 17: Nippon Life Insurance Company: key financial ratios

Table 18: Ping An Insurance (Group) Company of China, Ltd.: key facts

Table 19: Ping An Insurance (Group) Company of China, Ltd.: key financials (USD )

Table 20: Ping An Insurance (Group) Company of China, Ltd.: key financials (CNY)

Table 21: Ping An Insurance (Group) Company of China, Ltd.: key financial ratios

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Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
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Products and Companies


Companies

China Life Insurance Co Ltd

Dai-ichi Life Holdings, Inc.

Nippon Life Insurance Company

Ping An Insurance (Group) Company of China, Ltd.

Company Profile

Company Profile Title

Life Insurance in Asia-Pacific

Summary

Life Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the Asia-Pacific life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The Asia-Pacific life insurance market had total gross written premiums of USD 1,061.4bn in 2017, representing a compound annual growth rate (CAGR) of 6.9% between 2013 and 2017.

The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of USD 848.9bn, equivalent to 80% of the market's overall value.

Growth has primarily been driven by China, where rising incomes and low penetration rates have fuelled growth. Japan was plagued by economic stagnation and market maturity, with life insurance penetration rates of 6.3% in 2017 according to Swiss Re. To compare with the wider market, penetration for Asia (excluding Australia and New Zealand) was 3.7%.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Asia-Pacific

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Asia-Pacific

- Leading company profiles reveal details of key life insurance market players' global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific life insurance market with five year forecasts

Reasons to buy

- What was the size of the Asia-Pacific life insurance market by value in 2017?

- What will be the size of the Asia-Pacific life insurance market in 2022?

- What factors are affecting the strength of competition in the Asia-Pacific life insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in Asia-Pacific's life insurance market?

READ MORE

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 16

Supplier power 17

New entrants 18

Threat of substitutes 20

Degree of rivalry 21

Leading Companies 22

China Life Insurance Co Ltd 22

Dai-ichi Life Holdings, Inc. 26

Nippon Life Insurance Company 29

Ping An Insurance (Group) Company of China, Ltd. 32

Methodology 36

Industry associations 37

Related MarketLine research 37

Appendix 38

About MarketLine 38


List Of Figure

List of Figures

Figure 1: Asia-Pacific life insurance market value: USD billion, 2013-17

Figure 2: Asia-Pacific life insurance market category segmentation: % share, by value, 2017

Figure 3: Asia-Pacific life insurance market geography segmentation: % share, by value, 2017

Figure 4: Asia-Pacific life insurance market share: % share, by value, 2017

Figure 5: Asia-Pacific life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the life insurance market in Asia-Pacific, 2017

Figure 7: Drivers of buyer power in the life insurance market in Asia-Pacific, 2017

Figure 8: Drivers of supplier power in the life insurance market in Asia-Pacific, 2017

Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2017

Figure 10: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2017

Figure 11: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2017

Figure 12: China Life Insurance Co Ltd: revenues & profitability

Figure 13: China Life Insurance Co Ltd: assets & liabilities

Figure 14: Dai-ichi Life Holdings, Inc.: revenues & profitability

Figure 15: Dai-ichi Life Holdings, Inc.: assets & liabilities

Figure 16: Nippon Life Insurance Company: revenues & profitability

Figure 17: Nippon Life Insurance Company: assets & liabilities

Figure 18: Ping An Insurance (Group) Company of China, Ltd.: revenues & profitability

Figure 19: Ping An Insurance (Group) Company of China, Ltd.: assets & liabilities


List Of Table

List of Tables

Table 1: Asia-Pacific life insurance market value: USD billion, 2013-17

Table 2: Asia-Pacific life insurance market category segmentation: USD billion, 2017

Table 3: Asia-Pacific life insurance market geography segmentation: USD billion, 2017

Table 4: Asia-Pacific life insurance market share: % share, by value, 2017

Table 5: Asia-Pacific life insurance market value forecast: USD billion, 2017-22

Table 6: China Life Insurance Co Ltd: key facts

Table 7: China Life Insurance Co Ltd: key financials (USD )

Table 8: China Life Insurance Co Ltd: key financials (CNY)

Table 9: China Life Insurance Co Ltd: key financial ratios

Table 10: Dai-ichi Life Holdings, Inc.: key facts

Table 11: Dai-ichi Life Holdings, Inc.: key financials (USD )

Table 12: Dai-ichi Life Holdings, Inc.: key financials (JPY)

Table 13: Dai-ichi Life Holdings, Inc.: key financial ratios

Table 14: Nippon Life Insurance Company: key facts

Table 15: Nippon Life Insurance Company: key financials (USD )

Table 16: Nippon Life Insurance Company: key financials (JPY)

Table 17: Nippon Life Insurance Company: key financial ratios

Table 18: Ping An Insurance (Group) Company of China, Ltd.: key facts

Table 19: Ping An Insurance (Group) Company of China, Ltd.: key financials (USD )

Table 20: Ping An Insurance (Group) Company of China, Ltd.: key financials (CNY)

Table 21: Ping An Insurance (Group) Company of China, Ltd.: key financial ratios

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

China Life Insurance Co Ltd

Dai-ichi Life Holdings, Inc.

Nippon Life Insurance Company

Ping An Insurance (Group) Company of China, Ltd.