202 1 analysis of the development prospect of insurance industry?

The insurance industry in China is in a period of rapid development.

Since joining WTO, China insurance industry has experienced four stages: recovery stage, development stage and rapid development. At present, it is in a period of rapid development.

1. There are many participants, and the number of Chinese insurance companies is growing rapidly.

China insurance industry participants mainly include insurance groups, Chinese-funded insurance companies and Sino-foreign joint venture insurance companies. According to the data of the National Bureau of Statistics, from 20 10 to 20 19, the number of insurance institutions in China increased year by year, from 142 to 235, among which, the number of Chinese insurance companies increased from 8 1 0 to 160, and the number of provincial branches also increased significantly. The number of Sino-foreign joint ventures has not changed much, only eight have been added.

2. The scale of total assets continues to expand.

2011-In 2020, the total assets of the insurance industry in China will continue to expand, from 5.98 trillion yuan to 23.3 trillion yuan, with a compound annual growth rate of 16.3%. In terms of growth rate, since 20 17, the growth rate of total assets in China's insurance industry has obviously slowed down to about 10%, and in 2020, the growth rate of assets in China's insurance industry will be 13.3%.

3. The premium income and compensation expenses increase year by year.

From 20 10 to 2020, China's original insurance premium income will increase year by year. From the perspective of growth rate, the growth rate of insurance premium income in China started to increase from 20 1 16, and then decreased for two consecutive years after 20 16, but increased in 20 19. In 2020, the original insurance premium income was 4,525.7 billion yuan, a year-on-year increase of 6. 1%. From 20 10 to 2020, the insurance claims expenditure will increase year by year, with the largest increase in 20 13 years, accounting for 3 1.7%. After 20 16, the growth rate of insurance claims expenditure decreased from 20 17 to 4%-6,520. In 2020, the original insurance payment expenditure was 65.438+0.3907 billion yuan, a year-on-year increase of 7.9%.

4. The share of property insurance decreased and the share of health insurance increased.

2011-In 2020, the premium income of property insurance, life insurance, health insurance and accident insurance in China is increasing. Among them, the proportion of life insurance premium income in China's original insurance premium income has always been the highest, while the proportion of accident insurance premium income has always remained at a low level. In 2020, property insurance will account for 26.36% of China's total premium income; Life insurance accounted for 52.99%; Health insurance accounts for18.06%; Accident insurance accounted for 2.59%.

To sum up, it is not difficult to see the development of 202 1 insurance industry through these data. Overall, it is still on the rise, with obvious structural differentiation.