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Premium Company Profile - China Life Insurance Company Limited

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Report Summary

Introduction

China Life Insurance Company (China Life or ‘the company’) is one of the leading life insurers in China. The company recorded gross written premiums of RMB99,417 million ($12,484 million) for the fiscal year 2006. This profile offers a comprehensive review of its operations and performance.

Scope

  • Contains corporate strategy, value chain presence and SWOT Analysis
  • Provides detailed business description, segment analysis, 5-year financial trends, key products and key competitors
  • Includes information on suppliers/ partners, shareholding structure and key employees with biographies


    • Highlights

    China Life is the leading provider of individual and group life insurance and annuity products in China. It also offers accident and short-term health insurance policies to individuals and groups. By the end of 2006, the company had the largest market share of 45.3% in the Chinese life insurance market.

    With a population of 1.3 billion and less than 4% of them insured, as of March 2007, the Chinese insurance market presents opportunities for significant growth. The scope for huge improvement in the market penetration and the fast pace of growth in the life insurance sector makes China an attractive market.

    China Life is innovating different distribution channels in order to increase its coverage and sales. It has built a collection and repeat sales team comprising 25,000 individual agents, and is in the process of building a team of financial advisors to serve high-end individual customers in first-and-second-tier cities.

    Reasons to Purchase

  • Access all the important information and analysis on the company in a single report
  • Understand company’s strengths, weaknesses, opportunities and threats along with business strategy and value chain
  • Gain access to company’s adjusted five year financial data along with key ratios and market capitalization

    • Table of Contents

    Overview 1
    Catalyst 1
    Summary 1
    Table of Contents 2
    Tables 3
    Company Structure 4
    Company Overview and Key Facts 4
    Business Description 5
    Overview 5
    Individual life 5
    Accident and health 5
    Group life 6
    Corporate and other 6
    History 6
    Company Locations and Subsidiaries 8
    Head Office 8
    Other Locations and Subsidiaries 8
    Company Financials 9
    Overview 9
    Revenue by Division 9
    Products and Services List 10
    Major Products and Services 10
    Competitors and strategic business relationships 11
    Top Competitors 11
    Shareholding Structure 11
    Strategy 13
    Company View 13
    Strategy 19
    Product development 19
    Marketing innovation 19
    Balanced growth between urban and rural market 19
    Training 20
    Investment in information technology 20
    Investment opportunities 20
    Corporate Social Responsibility 20
    Overview 20
    SWOT Analysis 22
    Overview 22
    Strengths 22
    Leading market position 22
    Strong distribution network 23
    Strong business growth in the individual life segment 23
    Customer service 24
    Weaknesses 24
    Fluctuating margins in the accident and health insurance 24
    Increase in participating policies 24
    Opportunities 25
    Low insurance penetration levels in China 25
    Real estate investment opportunities 25
    Demographic shifts 25
    Product development 26
    Threats 26
    Overheating of the economy 26
    Interest rate hike 26
    Over valuation of China Life stock 27
    Key Employees 28
    List of Key Employees 28
    Key Employee Biographies 28
    Yang Chao 28
    Wan Feng 29
    Shi Guoqing 29
    Zhuang Zuojin 30
    Long Yongtu 30
    Sun Shuyi 30
    Ma Yongwei 31
    Chau Tak Hay 31
    Cai Rang 32
    Ngai Wai Fung 32
    Lin DaiRen 32
    Liu YingQi 33
    Liu JiaDe 33
    Su HengXuan 34
    Liu LeFei 34
    Liu AnLin 34
    Liu TingAn 35
    Financial and Operational Overview 36
    Financial Overview 36
    Appendix 39
    Ask the analyst 39
    Datamonitor consulting 39
    Disclaimer 39
    List of Tables
    Table 1: China Life Insurance Company - Key Facts 4
    Table 2: China Life Insurance Company - Revenue by Division, 2005-2006 (RMB Mn) 9
    Table 3: China Life Insurance Company - Products and Services List 10
    Table 4: China Life Insurance Company - Top Competitors 11
    Table 5: China Life Insurance Company - Key Shareholders 11
    Table 6: China Life Insurance Company - SWOT Analysis Summary 22
    Table 7: China Life Insurance Company - Key Employees 28
    Table 8: China Life Insurance Company - Financial Statements Summary 36
    Table 9: China Life Insurance Company - Other Key Statistics and Ratios 36
    Table 10: China Life Insurance Company - Overview of Operating Segments 37