B2B drives market demand, with B2B spending representing 57.7% of total demand in 2023. Ping An Insurance Co of China Ltd is the largest company in China, generating 7.3% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 28.4% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 0.5% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 1.2% of turnover in 2023, the 19th highest regionally. With turnover of USD192 billion, China accounts for 35.8% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Insurance and Pension Funding in China: ISIC 66. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insurance and Pension Funding in China: ISIC 66 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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