China Life Insurance SWOT Analysis, Competitors & USP

China Life Insurance

Health care

Banking & Financial Services

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World-class life insurance company with strong capitalization, advanced corporate governance, a well-established management system, stringent internal controls, leading technology, a first-class team, superior service, an outstanding brand and a harmonious mode of development.

Health care services

Individual and institutional , Personal and corporate

the leading provider of individual and group life insurance, annuity and accident & health insurance in China

Below are the Strengths in the SWOT Analysis of China Life Insurance:

1. The leading player in the Chinese life market, accounting for about one-third of the premiums written
2. Scale economies, as one of the world's largest life insurers by most measures
3. Extremely strong brand, Capital strength and access to funding through global markets
4. Ultimately, the backing of the government, which still holds over two-thirds of the company

Here are the weaknesses in the China Life Insurance SWOT Analysis:

1. Lack of growth. China Life has been ceding market share to rivals over recent years
2. Falling profitability. This is substantially because of dismal investment markets.
3. Scale dis-economies. Few financial services organisations in the world are as large and as complex as China Life

Following are the Opportunities in China Life Insurance SWOT Analysis:

1. Expansion of non-life insurance
2. Further development of accident (especially) and health insurance
3. Further development of the various distribution channels

The threats in the SWOT Analysis of China Life Insurance are as mentioned:

1. Continued erosion of market share.
2. Volatile financial markets and low interest rates.
3. Increased competition from banks (deposits and other products that they might distribute)

Below are the top 3 competitors of China Life Insurance:

1. Ping An Insurance (Group) Company of China, Ltd.
2. PICC Property and Casualty Company Limited
3. China Pacific Insurance