What is the development prospect of the insurance industry in China?

1, China insurance product classification

China's insurance products are divided into four categories: property insurance, life insurance, reinsurance and commercial pension. Among them, there are two categories: property insurance and personal insurance for terminal enterprise users and individual users; Property insurance is divided into motor vehicle insurance, agricultural insurance and liability insurance. Life insurance is divided into life insurance, health insurance and personal accident insurance.

2. The original premium income of life insurance in China is always higher than that of property insurance.

From 2065438+06 to 2022, the original premium income of life insurance and property insurance in China showed an upward trend; In contrast, the original premium income of life insurance is always higher than that of property insurance. In 2022, the original premium income of life insurance in China accounted for 73%, and that of property insurance was 27%. The original premium income of life insurance and property insurance has not changed much over the years.

3. Life insurance accounts for the highest proportion in 2022.

From the demand of life insurance products, in 2022, the original premium income of life insurance accounted for the highest proportion, which was 71.96%; The original premium income of life insurance accident insurance accounted for the lowest proportion, accounting for 3.52%.

4. In 2022, motor vehicle insurance accounted for the highest proportion of property insurance.

From the demand of property insurance products, in 2022, the original premium income of motor vehicle insurance accounted for the highest proportion, accounting for 64.58%; Followed by agricultural insurance and liability insurance, the demand for other property insurance products is relatively small.

5. There is great demand potential for health insurance and agricultural insurance.

China's medical security system consists of the bottom, basic medical insurance and supplementary insurance. Among them, the ability of basic medical insurance is limited. With the aging of the population and the improvement of people's health awareness, the demand for health insurance will rise, and the demand potential for health insurance is huge. Rural revitalization and agricultural and rural modernization need agricultural insurance to provide comprehensive insurance protection. Driven by policy support and demand upgrading, agricultural insurance has great development potential and space.

For more research and analysis on this industry, please refer to the Analysis Report on Market Foresight and Investment Planning of China Insurance Industry by Forward-looking Industry Research Institute.