9
Shandong
major class of
business analysis
1. Accident & Injury 2. Short-Term Health 3. Liability
4. Cargo & Transportation 5. Enterprise Property 6. Agriculture
7. Credit & Guarantee 8. Others
IN THIS SECTION
2006 2007 2008 2009 2010 2011
Paid Claims Ratio 49% 49% 46% 39% 38% 32%
0%
Accident & Injury
Premiums & Paid Claims Ratios (Calendar Year)
2006-2011 Shandong Direct Premiums (US$ m)
(Direct written premiums reported on a calendar year basis)
Source: Market Intelligence analysis based on CIRC
2006 2007 2008 2009 2010 2011
Direct Premium 37.6 52.1 58.4 64.2 57.9 65.3
Direct Growth ∆ % 38.6% 12.1% 9.9% -9.8% 12.7%
2006-2011 Shandong Direct Paid Claims Ratios
(Paid claims ratio calculated by dividing paid claims by Premium on a calendar year basis)
2006-2011 Cumulative Paid Claims Ratio 41%
Accident & Injury
Competitor Ranking (By Premiums)
2011 Shandong Direct Market Top 10 Players (US$ m)
(Direct Insurance Premiums on a calendar year basis, gross of acquisition fees)
保监会
Rank Direct Premium
US$ m
Paid Claims
Ratio Market Share%
1
12.5 26% 19%Bank of China Insurance Co., Ltd
Yong An Property Insurance Co., Ltd
Tianan Insurance Company Limited of China
China Life Property & Casualty Insurance Company Limited
Ping An Insurance (Group) Company of China, Ltd
China Pacific Property Insurance Co., Ltd
PICC Property and Casualty Insurance Co., Ltd
China Continent Property &
Casualty Insurance Co., Ltd
Sunshine Insurance Group Corporation Limited
China United Insurance Holding Co., Ltd
Accident & Injury
Company Name
2006 2007 2008 2009 2010 2011
Paid Claims Ratio 47% 88% 84% 88% 98% 76%
0%
Short-Term Health
Premiums & Paid Claims Ratios (Calendar Year)
2006-2011 Shandong Direct Premiums (US$ m)
(Direct written premiums reported on a calendar year basis)
Source: Market Intelligence analysis based on CIRC
2006 2007 2008 2009 2010 2011
Direct Premium 3.5 5.9 18.1 26.6 21.3 24.7
Direct Growth ∆ % 70.5% 204.3% 47.3% -20.2% 16.3%
3 6
2006-2011 Shandong Direct Paid Claims Ratios
(Paid claims ratio calculated by dividing paid claims by Premium on a calendar year basis)
2006-2011 Cumulative Paid Claims Ratio 85%
Short-Term Health
Competitor Ranking (By Premiums)
2011 Shandong Direct Market Top 10 Players (US$ m)
(Direct Insurance Premiums on a calendar year basis, gross of acquisition fees)
保监会
Rank Direct Premium
US$ m
Paid Claims
Ratio Market Share%
1
8.1 83% 33%Bank of China Insurance Co., Ltd
Tianan Insurance Company Limited of China
Yong An Property Insurance Co., Ltd
Du-Bang Property & Casualty Insurance Co., Ltd PICC Property and Casualty
Insurance Co., Ltd
China Pacific Property Insurance Co., Ltd
China United Insurance Holding Co., Ltd
Ping An Insurance (Group) Company of China, Ltd
Sunshine Insurance Group Corporation Limited
China Continent Property &
Casualty Insurance Co., Ltd
Short-Term Health
Company Name
2006 2007 2008 2009 2010 2011
Paid Claims Ratio 47% 37% 39% 41% 36% 42%
0%
Premiums & Paid Claims Ratios (Calendar Year)
2006-2011 Shandong Direct Premiums (US$ m)
(Direct written premiums reported on a calendar year basis)
Source: Market Intelligence analysis based on CIRC
2006 2007 2008 2009 2010 2011
Direct Premium 19.3 29.4 36.8 44.5 62.8 78.7
Direct Growth ∆ % 52.2% 25.1% 20.9% 41.0% 25.3%
19
2006-2011 Shandong Direct Paid Claims Ratios
(Paid claims ratio calculated by dividing paid claims by Premium on a calendar year basis)
2006-2011 Cumulative Paid Claims Ratio 40%
Liability
Competitor Ranking (By Premiums)
2011 Shandong Direct Market Top 10 Players (US$ m)
(Direct Insurance Premiums on a calendar year basis, gross of acquisition fees)
保监会
Rank Direct Premium
US$ m
Paid Claims
Ratio Market Share%
1
30.9 48% 39%Company Name
China Life Property & Casualty Insurance Company Limited
Yingda Taihe Property Insurance Co., Ltd
Tai Ping Insurance Co., Ltd
Yong An Property Insurance Co., Ltd
PICC Property and Casualty Insurance Co., Ltd
China Pacific Property Insurance Co., Ltd
Ping An Insurance (Group) Company of China, Ltd
China Continent Property &
Casualty Insurance Co., Ltd
Sunshine Insurance Group Corporation Limited
China United Insurance Holding Co., Ltd
2006 2007 2008 2009 2010 2011
Paid Claims Ratio 43% 35% 59% 50% 40% 117%
0%
CARGO TRANSPORTATION
Premiums & Paid Claims Ratios (Calendar Year)
2006-2011 Shandong Direct Premiums (US$ m)
(Direct written premiums reported on a calendar year basis)
Source: Market Intelligence analysis based on CIRC
2006 2007 2008 2009 2010 2011
Direct Premium 19.3 24.2 28.7 26.0 36.5 48.8
Direct Growth ∆ % 25.0% 18.6% -9.3% 40.2% 33.9%
2006-2011 Shandong Direct Paid Claims Ratios
(Paid claims ratio calculated by dividing paid claims by Premium on a calendar year basis)
2006-2011 Cumulative Paid Claims Ratio 64%
CARGO TRANSPORTATION
Competitor Ranking (By Premiums)
2011 Shandong Direct Market Top 10 Players (US$ m)
(Direct Insurance Premiums on a calendar year basis, gross of acquisition fees)
保监会
Rank Direct Premium
US$ m
Paid Claims
Ratio Market Share%
1
21.7 226% 44%Cargo Transportation
Company Name
Tianan Insurance Company Limited of China
The Ming An Insurance (China) Co., Ltd
China United Insurance Holding Co., Ltd
Tai Ping Insurance Co., Ltd PICC Property and Casualty
Insurance Co., Ltd
China Pacific Property Insurance Co., Ltd
Ping An Insurance (Group) Company of China, Ltd
Sunshine Insurance Group Corporation Limited
China Continent Property &
Casualty Insurance Co., Ltd
China Life Property & Casualty Insurance Company Limited
2006 2007 2008 2009 2010 2011
Paid Claims Ratio 85% 56% 62% 50% 41% 38%
0%
Enterprise Property
Premiums & Paid Claims Ratios (Calendar Year)
2006-2011 Shandong Direct Premiums (US$ m)
(Direct written premiums reported on a calendar year basis)
Source: Market Intelligence analysis based on CIRC
2006 2007 2008 2009 2010 2011
Direct Premium 103.4 133.2 146.2 150.7 202.1 253.2
Direct Growth ∆ % 28.8% 9.8% 3.1% 34.1% 25.2%
103
133 146 151
202
2006-2011 Shandong Direct Paid Claims Ratios
(Paid claims ratio calculated by dividing paid claims by Premium on a calendar year basis)
2006-2011 Cumulative Paid Claims Ratio 51%
Enterprise Property
Competitor Ranking (By Premiums)
2011 Shandong Direct Market Top 10 Players (US$ m)
(Direct Insurance Premiums on a calendar year basis, gross of acquisition fees)
保监会
Rank Direct Premium
US$ m
Paid Claims
Ratio Market Share%
1
79.9 46% 32%Enterprise Property
Company Name
China Continent Property &
Casualty Insurance Co., Ltd
China Life Property & Casualty Insurance Company Limited
Bank of China Insurance Co., Ltd
Da Zhong Insurance Co., Ltd PICC Property and Casualty
Insurance Co., Ltd
Ping An Insurance (Group) Company of China, Ltd
China Pacific Property Insurance Co., Ltd
Alltrust Insurance Co., Ltd
Yingda Taihe Property Insurance Co., Ltd
Sunshine Insurance Group Corporation Limited
2006 2007 2008 2009 2010 2011
Paid Claims Ratio 53% 20% 50% 88% 92% 54%
0%
Premiums & Paid Claims Ratios (Calendar Year)
2006-2011 Shandong Direct Premiums (US$ m)
(Direct written premiums reported on a calendar year basis)
Source: Market Intelligence analysis based on CIRC
2006 2007 2008 2009 2010 2011
Direct Premium 0.9 11.5 44.9 56.2 32.1 43.8
Direct Growth ∆ % 1201.7% 290.7% 25.2% -42.9% 36.5%
1
2006-2011 Shandong Direct Paid Claims Ratios
(Paid claims ratio calculated by dividing paid claims by Premium on a calendar year basis)
2006-2011 Cumulative Paid Claims Ratio 68%
Agriculture
Competitor Ranking (By Premiums)
2011 Shandong Direct Market Top 10 Players (US$ m)
(Direct Insurance Premiums on a calendar year basis, gross of acquisition fees)
保监会
Rank Direct Premium
US$ m
Paid Claims
Ratio Market Share%
1
29.4 64% 67%2
13.8 33% 32%3
0.6 92% 1%Agriculture
Company Name
PICC Property and Casualty Insurance Co., Ltd
China United Insurance Holding Co., Ltd
China Pacific Property Insurance Co., Ltd
2006 2007 2008 2009 2010 2011
Paid Claims Ratio 668% 194% 162% 58% 8% 16%
0%
Credit & GUARANTEE
Premiums & Paid Claims Ratios (Calendar Year)
2006-2011 Shandong Direct Premiums (US$ m)
(Direct written premiums reported on a calendar year basis)
Source: Market Intelligence analysis based on CIRC
2006 2007 2008 2009 2010 2011
Direct Premium 5.0 2.4 3.0 2.3 12.0 30.4
Direct Growth ∆ % -52.2% 24.6% -21.8% 412.3% 154.0%
5 2 3 2
2006-2011 Shandong Direct Paid Claims Ratios
(Paid claims ratio calculated by dividing paid claims by Premium on a calendar year basis)
2006-2011 Cumulative Paid Claims Ratio 91%
Credit & GUARANTEE
Competitor Ranking (By Premiums)
2011 Shandong Direct Market Top 10 Players (US$ m)
(Direct Insurance Premiums on a calendar year basis, gross of acquisition fees)
保监会
Rank Direct Premium
US$ m
Paid Claims
Ratio Market Share%
1
24.9 3% 82%2
4.0 0% 13%3
1.3 293% 4%Credit & Guarantee
Company Name
Ping An Insurance (Group) Company of China, Ltd
Bank of China Insurance Co., Ltd
PICC Property and Casualty Insurance Co., Ltd
2006 2007 2008 2009 2010 2011
Paid Claims Ratio 42% 38% 25% 33% 59% 54%
0%
Premiums & Paid Claims Ratios (Calendar Year)
2006-2011 Shandong Direct Premiums (US$ m)
(Direct written premiums reported on a calendar year basis)
Source: Market Intelligence analysis based on CIRC
2006 2007 2008 2009 2010 2011
Direct Premium 25.2 40.5 54.5 79.1 64.1 70.7
Direct Growth ∆ % 60.6% 34.4% 45.1% -18.9% 10.3%
25
2006-2011 Shandong Direct Paid Claims Ratios
(Paid claims ratio calculated by dividing paid claims by Premium on a calendar year basis)
2006-2011 Cumulative Paid Claims Ratio 42%
others
Competitor Ranking (By Premiums)
2011 Shandong Direct Market Top 10 Players (US$ m)
(Direct Insurance Premiums on a calendar year basis, gross of acquisition fees)
保监会
Rank Direct Premium
US$ m
Paid Claims
Ratio Market Share%
1
22.0 41% 31%Company Name
China Life Property & Casualty Insurance Company Limited
China United Insurance Holding Co., Ltd
The Ming An Insurance (China) Co., Ltd
Tai Ping Insurance Co., Ltd PICC Property and Casualty
Insurance Co., Ltd
Ping An Insurance (Group) Company of China, Ltd
China Pacific Property Insurance Co., Ltd
China Continent Property &
Casualty Insurance Co., Ltd
Sunshine Insurance Group Corporation Limited
Tianan Insurance Company Limited of China
10
Appendix
1. Class of Business Mapping