1, PICC shares
The original premium income of PICC 20 18 was 338.003 billion yuan, accounting for 33.0% of the total market share. PICC is a comprehensive insurance company, one of the top 500 companies in the world, with a registered capital of 30.6 billion yuan. The strength of the company is very strong, so many consumers are more willing to choose PICC insurance products.
2. Ping An Real Estate
The original premium income of Ping An Property in 20 18 was 247.444 billion yuan, accounting for 2 1.05% of the total market share. In recent years, the original premium income of Ping An Property has a high growth rate and great development potential.
3. Taibao Property
The original premium income of CPIC Property Insurance ranked third. In 20 18, the original premium income was1173.8 billion yuan, accounting for 9.98% of the total market share. In recent years, the original premium income of CPIC property insurance is relatively stable, and the growth rate is relatively gentle.
4. China Life Insurance
China Life is a state-owned enterprise, and its business scope covers insurance, investment and banking. China Life Property Insurance Company is a national professional property company with a registered capital of RMB 8 billion. Its business scope includes property loss insurance, liability insurance, credit insurance and guarantee insurance, short-term health insurance and accidental injury insurance, as well as reinsurance business of the above businesses.
5. Land property
Dida Property is the only property insurance company directly under the China Railway Group. In 20 18, the original premium income was 4241500 million yuan, accounting for 3. 1% of the total market share.
The expanded data shows that China Life ranked first with the standard premium of 333 1 100 million yuan, up 2.02% year-on-year; China Ping An Life Insurance Company of China Insurance Company, with a standard premium of 22310.50 billion yuan, ranked second, with a year-on-year increase of 5.37%; Taibao Life ranked third with1165438+37 million yuan; But the year-on-year growth rate is as high as 12. 16%.
Therefore, the first echelon of the life insurance industry is China Renshou, Ping An Life Insurance Company of China Life Insurance and Taibao Life Insurance. Its scale premiums are 200.407 billion yuan, 654.38+009.352 billion yuan and 56.396 billion yuan respectively; The year-on-year growth rates were also 3.84%, 20.84% and 7.82% respectively.
It can be seen that the top three standard premiums of life insurance are consistent with the scale premiums. Based on the standard premium, the market shares of China Life Insurance, Ping An Life Insurance Company of China Life Insurance and Taibao Life Insurance are 27.9%, 18.7% and 9.34% respectively.
Xinhua in the second echelon has a market share of 7.5%.
The second echelon of the life insurance industry ranked Taikang Insurance, the fourth, the standard premium1004.4 billion, with a year-on-year negative growth12.87%; The scale premium was 50.766 billion, with a year-on-year negative growth of1.40%; The fifth place is Xinhua Life Insurance, with a standard premium of 8.972 billion yuan, a year-on-year negative growth of11.85%; Size premium 5 1, 6 1 100 million; Negative growth of 5.52% year-on-year;
The sixth place is PICC Life Insurance, with a standard premium of 6.325 billion, up 7.44% year-on-year; Size premium 509. 1 1 billion, up 1 1. 18% year-on-year.
In terms of standard premium, the market shares of Taikang, Xinhua and PICC are 8.4%, 7.5% and 5.3% respectively.
The market share of 72 life insurance companies is less than 1%.
The other one is gone when it grows. While the "Old Six" occupies market share, the living space of small and medium-sized insurance companies is further compressed. According to the reporter's understanding, in 20 18, the original premiums of 25 insurance companies experienced negative growth, 19 experienced negative growth of more than 20%, and 8 experienced negative growth of more than 50%. The insurance companies with a large year-on-year decline in premiums include Harmony Health, Hua Hui Life Insurance, Anbang Life Insurance and Soochow Life Insurance.
Except for the negative growth of premiums of many life insurance companies, most small and medium-sized insurance companies have a 20 18 annual share below 1%. According to the statistics of National Business Daily, among 9 1 life insurance companies last year, 72 companies' total premium market share was less than 1%. So, what are the reasons that restrict the development of small and medium-sized life insurance enterprises?
From McKinsey's book How to Break Through the Dilemma-How to Break Through the Breakthrough of Small and Medium-sized Insurance Companies in China, we can see that small and medium-sized insurance companies urgently need to solve two major challenges: external, stricter supervision and extensive mode is no longer available. In the future, a benign entry and exit mechanism will be gradually formed, the survival of the fittest in the industry will be more obvious, and the pressure on small and medium-sized insurance companies will be further increased;
Internally, small and medium-sized insurance companies are facing challenges such as unstable internal governance, long-term insufficient basic investment, weak product development motivation, high dependence on third parties in channel management, weak customer management and weak brand management concept, and are at a disadvantage compared with large companies.
People's Daily Online-The top three life insurance companies in the life insurance industry account for 28% of the market.