In 20 1 1-20 19, the original premium income increased rapidly from 69.2 billion yuan to 706.6 billion yuan, with a compound annual growth rate of 34%. Compared with relatively stable life insurance and property insurance, health insurance has become the fastest growing market segment in the insurance field. Although it has experienced rapid growth, due to the late start and small initial scale of health insurance, as of 2065,438+09, the original premium income of health insurance only accounts for 65,438+07% of the total premium income of the insurance industry, and the future development space is very broad. In the first half of 2020, China's health insurance business realized premium income of 400.3 billion yuan, with a year-on-year growth rate of 16.43%.
Disease insurance is the main thing, supplemented by medical insurance.
At present, the product composition of China's health insurance market is mainly sickness insurance, and as of 20 19, its premium accounts for 64%; Medical insurance ranks second, with premiums accounting for 35%; The scale of nursing insurance and disability insurance is limited, and the total premium accounts for about 1%. Especially, with the rectification and standardization of short-term products by the supervision, the once-best-selling financial care insurance products have basically withdrawn from the market, and the premium scale has shrunk dramatically.
Individual insurance is still the main force.
According to the data of China Banking Regulatory Commission, in 20 19, the individual insurance of commercial health insurance in China accounted for 8 1. 1% of the total premium of commercial health insurance, and the premium income in 20 19 was 573 1 100 million yuan, ranging from 20 16 to 20. The outbreak of COVID-19 epidemic in 2020 has promoted consumers' attention to health insurance to some extent. Coupled with public education and guidance at the policy level, consumers' awareness of commercial health insurance will continue to increase in the future. With the maturity of the market and consumers, personal health insurance business will continue to be the driving force for the development of health insurance.
-For more research and analysis of this industry, please refer to the Analysis Report on Market Foresight and Investment Strategic Planning of China Health Insurance Industry by Forward-looking Industry Research Institute.