From 20 14 to 2020, the original insurance premium income of the insurance industry in China continued to grow, and decreased slightly in 20021year, reaching 4.49 trillion yuan in 20021year, down 0.88% year-on-year. From June 5438 to February 65438, 2022, the original insurance premium income of China insurance industry was 4.70 trillion yuan, a year-on-year increase of 4.68%.
Life insurance is the main income source of insurance premium.
From the perspective of insurance types, personal insurance is the main source of income for insurance premiums. During February 2022 1-65438+, the personal insurance income was 3.42 trillion, accounting for 73% of the total income. Among them, life insurance income was 2.45 trillion yuan, accounting for 52% of premium income; Health insurance income was 865.3 billion yuan, accounting for18%; Personal accident insurance income was 654.38+0073 billion yuan, accounting for 2%. In addition, in February 2022, the income from property insurance was 1- 1.27 trillion yuan, accounting for 27% of the total premium income.
In 2022, the original insurance payment expenditure of China insurance industry was 654.38+054.85 billion yuan.
20 14-202 1, China's original insurance compensation scale has been expanding, reaching 202/kloc-202 1.2894 billion yuan, up10.24% year-on-year. In 2022, the original insurance payment expenditure decreased, and the original insurance payment expenditure was 654.38+054.85 billion yuan, down 0.79% year-on-year.
Property insurance and personal insurance payment expenses each account for 50% share.
Judging from the proportion of compensation expenses of various types of insurance, property insurance and personal insurance are evenly distributed, each accounting for about half. Life insurance and health insurance are the main types of life insurance. In February 2022, 1- 1, the compensation expenses of the two types of insurance were 379 1 billion yuan and 360 billion yuan respectively, accounting for 24% and 23% of the total insurance compensation expenses respectively.
The agent channel is the main channel for the sales of insurance financial products.
The sales channels of insurance financial products mainly include: (1) direct sales channels, including sales personnel, telephone sales and internet sales; (2) Insurance agency channels: including insurance salesmen, professional insurance agencies and part-time institutions such as banks, car dealers and travel agencies; (3) insurance brokerage channels representing the interests of the insured. Judging from the premium income channels of major listed insurance companies, at present, the agent channel is the main channel for insurance companies to obtain premiums, accounting for more than 65%.
Note: This figure is the data for the first half of 2022.
Innovation trend of insurance financial products
With the further deepening of economic reform in China, commercial insurance will be more deeply rooted in people's hearts. While the insurance awareness of enterprises and residents is gradually improving, the awareness of insurance choice is also increasing, and the insurance demand is diversified and specialized. They choose carefully from their own interests and needs. Judging from the development status of the insurance industry, the life insurance industry will continue to return to the traditional insurance protection function in the future, and the introduction of various marketing channels to strengthen supervision rules will also make the industry competition more transparent; The property insurance industry is still dominated by auto insurance, but the income contribution of non-auto insurance business dominated by health insurance, accident insurance, liability insurance and agricultural insurance will continue to increase; With the continuous improvement of residents' health protection awareness and the continuous refinement of health insurance business supervision rules, the scale of premium income of health insurance products will continue to expand.
In addition, in recent years, due to the promotion of policies and people's yearning for a better life of "being born calm, old and healthy, sick and dignified", China's health insurance has developed by leaps and bounds. At present, there are more than 5,000 kinds of health insurance products in the market. All insurance companies keep up with the market demand, constantly upgrade health insurance products, expand the scope of protection, and provide value-added services such as green medical Channel to provide effective health protection for consumers. But overall, the health risk management function of health insurance has not been fully exerted. If health management and health insurance are organically combined, that is, "insurance+health management", it will cover the groups most in need of protection, such as patients in recovery period after operation, patients with chronic diseases, the elderly and sub-healthy people, thus promoting the implementation of the "healthy China" strategy.
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.