Indicators of Insurance Business

Table 1          
           
  Unit 1993 1994 1995 1996
Domestic Premiums RMB billion yuan 45.68 37.64 45.33 58.83
Domestic Settlements RMB billion yuan 25.47 23.03 23.63 30.54
Overseas Premiums USD billion 4.28 6.13 6.54 6.28
Overseas Settlements USD billion 2.38 4.19 3.04 2.91
Insurance Value RMB billion yuan   9,138.90 11,248.90 15,664.50
Annual Expenditures RMB billion yuan 4.19 6.21 8.04  
Added-value RMB billion yuan 2.17      
           
           
           
           
Table 2          
           
Item 1993 1994 1995 1996  
Domestic Business ( in RMB billion yuan)          
Insurance Value 7315.6 5649.6 6603.9 9817.9  
Enterprise Property 2015.2 2358.1 2617.5 2989.3  
Transportation Equipment 519.4 792 870.2    
Family Property 384.7 479.6 69.5    
Premiums 45.68712 37.64154 45.33179 53.83333  
Enterprise Porperty Insurance 4.23739 5.19801 5.75276 6.48619  
Family Property Insurance 7.1165 0.84503 0.9341    
Transportation Equipment and Responsibility Insurance 8.92638 14.08837 18.97151    
Freight Transport Insurance 1.72603 1.84132 2.08333 2.17505  
Pension Insurance 3.53335 3.32373 3.3981 3.65299  
Accident Insurance 2.52082 2.66899 3.22881 3.76128  
Simple Personal Insurance 2.54128 8.32054 9.46358 14.06673  
Agricultural Insurance 0.5613 0.50404 0.4962    
Others 14.52407 0.85151 1.0034 1.2363  
Settlements 25.47619 23.03602 23.63861 30.54194  
Enterprise Property Insurance 2.31186 0.37076 3.25449 4.80894  
Family Property Insurance 0.70706 0.85076 0.69631    
Transportation Equipment and Responsibility Insurance 6.54197 11.13073 12.32281    
Freight Transport Insurance 0.6258 0.74988 0.87474 0.8671  
Pension Insurance 0.90908 1.3691 0.55 0.115881  
Accident Insurance 1.24035 1.39408 1.56014 1.77546  
Simple Personal Insurance 1.5793 2.86405 3.35387 7.23255  
Agricultural Insurance 0.64691 0.53858 0.3645    
Others 10.91386 0.43121 0.66175 0.63674  
Overseas Business ( in billion USD)          
Insurance Value 2041.8 3488.7 4645 2828.3  
Imported Freight Transport 133.8 136.6 185.1    
Exported Ocean-Going Freight Transport 118.6 160.7 151.6    
Exported Freight to Hong Kong and Macao Transport 73 90.6 87.5    
Ship 101 109.8 944.8 817.1  
Premiums 4.27718 6.13383 6.54519 6.28614  
Imported Freight Transport 0.41561 0.49142 0.52471 0.43014  
Exported Ocean-Going Freight Transport 0.73516 0.93037 0.84364 0.70443  
Exported Freight to Hong Kong and Macao Transport 0.24614 0.27229 0.26569    
Ship Insurance 0.43133 0.71203 0.83588 0.85058  
Marine Petroleum Insurance 0.14084 0.19512 0.20387 0.22063  
Airplane Insurance 0.3407 0.73486 0.86152    
Others 1.9674 2.79774 3.00988 3.11776  
Settlements 2.37839 4.19118 3.0461 2.91525  
Imported Freight Transport 0.24162 0.2943 0.25838 0.23669  
Exported Ocean-Going Freight Transport 0.32143 0.53936 0.40987 0.34485  
Exported Freight to Hong Kong and Macao Transport 0.0708 0.10208 0.09524    
Ship Insurance 0.27369 0.50472 0.53967 0.69229  
Marine Petroleum Insurance 0.02508 0.02382 0.06995 0.13385  
Airplane Insurance 0.3771 1.02315 0.09407    
Others 1.06867 1.70376 1.57892 1.36865  
Annual Expenditures Within the year 4.19011 6.21158      
Added-value 2.17002        
           
Insurance Premium Growth (19861996)          
           
Table 3          
           
           
Year Premiums (RMBbillion yuan) Growth Rate (perannum) % of GDP    
1986 5.1 48.5 0.65    
1987 7.5 46.4 0.67    
1988 10.1 31.9 0.72    
1989 12.2 22.3 0.77    
1990 15.5 27 0.85    
1991 20.9 34.8 0.9    
1992 33.5 60 1    
1993 45.68 36 1.3    
1994 49.76 9 1.1    
1995 61.5 23.6 1    
1996 75.6 20.5      


Last Updated on 10/9/98
By China Data Center