This reality not only indicates the position of the insurance industry in the global market, but also indicates the possible glory of the insurance industry in China.
Back to the real China market, on the huge and unequal basis, the insurance companies and banks in China show an unbalanced or even balanced picture, each with 10 listed companies. Obviously, insurance has not reached the status of a bank, not only in terms of quantity, but also in terms of international influence and volume.
So what position does China's insurance industry occupy among the top 500 in the world? The global insurance industry and its closely related fields may also present different and more imaginative market space.
There are 44 banking companies in the world.
Regionally, China won, with 65,438+00 companies on the list, including China Industrial and Commercial Bank, China Construction Bank, China Agricultural Bank, China Bank, Bank of Communications, China Merchants Bank, Industrial Bank, China Everbright Group, Shanghai Pudong Development Bank and China Minsheng Bank. Among them, China, agriculture, industry and construction occupy the top four seats in the banking sector.
There are seven banking companies in the United States, namely JPMorgan Chase, Bank of America, Wells Fargo, Citibank, Goldman Sachs, Morgan Stanley and First Capital Finance. In addition, in Europe, where there are a large number of banks on the list, there are also 15 banks on the list.
The total income of 44 banking enterprises was 2.97 trillion US dollars, of which 23% of China was selected as bank income 1. 1.2 trillion US dollars, accounting for 37.7%; Bank of America 16% of the selected banks contributed $54147 million, accounting for18.2%; European banks accounted for 34% of the total revenue of $823.66 billion, accounting for 27.7%.
Although the ranking of eight short-listed banks in China 10 is lower than last year, they all occupy a considerable proportion in China in terms of operating income.
It is worth noting that among the world's top 500 banks in 2023, there is little negative growth in both operating income and net profit. In China, except Minsheng Bank and Shanghai Pudong Development Bank, most domestic banking enterprises, as the core of the four behaviors, have achieved double-digit growth in profits and income, which is extremely rare in Lenovo's domestic epidemic environment.
In the list of the top 500 insurance companies, the United States has 19 companies, with the largest proportion, namely United Health, Berkshire, Elevance Health, Centene, Harmona, State Agricultural Insurance, MetLife, Prudential, Costco, AIG, new york Life, Free Mutual Assistance, Advance Insurance, National Insurance, American Traveler Retirement Foundation and United Services.
China ranks second among 10 companies, namely China Ping An, China Life Insurance, PICC, China Pacific Insurance, AIA, China Taiping, Taikang Insurance, Guotai Financial Holdings, Xinhua Life Insurance and Fubon Financial Holdings.
Europe has 12.
Compared with the brilliant performance of the banking industry, the insurance industry in the top 500 list is somewhat depressed. Looking around, there are not a few negative growth. According to statistics, almost half of the 55 listed insurance companies have negative growth in operating income, net profit or both.
Among them, the operating income of American insurance companies is10.6 trillion US dollars, accounting for nearly 40%; The income of insurance companies in China is 750.68 billion US dollars, accounting for 18.5%. Although China has become the second largest insurance market in the world, this data also shows that the scale of insurance industry in China is still far behind that in the United States.
In terms of net profit, the global listed insurance companies achieved a net profit of 295.379 billion US dollars, of which the net profit of American insurance companies reached 654.38+064.643 billion US dollars, accounting for 55.7%; The listed insurance companies in China * * * realized a net profit of USD 50.545 billion, accounting for 65,438+07.1%; European listed insurance companies achieved a net profit of 48.225 billion US dollars, accounting for 16.3%.
Comparing the above two parts, we can see that insurance is the largest financial market in the world under the structure of large companies, and its income and profit are higher than that of banking. If investment banks are excluded, the impact will be even greater.
Of course, the balance of power is different. Comparing the total assets of China's banking industry with that of China's insurance industry of 274 trillion yuan (in the first quarter of this year) and 25 trillion yuan, does it also represent the future evolution direction?
The development of medical field is often closely related to the insurance industry, especially the health insurance industry. At present, insurance is an indispensable part of health management, and it is industry knowledge to get through medical treatment, medicine and insurance. Therefore, the health care industry is also of great observation value.
Among the 22 top 500 healthcare-related enterprises, there are 9 American enterprises, accounting for the highest proportion; Followed by Europe, * * * has 8 finalists; The remaining five people are from China and Japan, with 3 people and 2 people respectively.
By analyzing 22 health care companies in the world's top 500 companies in 2023, we can easily find that almost all the top companies are from the United States. In addition to China's China Pharmaceutical Group and Swiss Roche, the United States occupied 10.
Interestingly, in these health care companies, the main business can be divided into two categories:
This is a pharmaceutical company with R&D and production capacity. D, focusing on production and sales;
The second is medical insurance with health management services as its main business.
Build a company.
What we are going to discuss is this part of enterprises that provide health management related services to customers.
Among them, there are many companies familiar to domestic insurance practitioners, such as CVS Health, CIGNA and HCA Health Care Company. Their business scope often takes service as the starting point, providing customers with medical care programs and health management plans, which is why they are well known by domestic insurance practitioners.
The number one China Pharmaceutical Group focuses on distribution, retail, R&D and production of health-related products, such as preventive treatment and diagnostic care. In addition, China pharmaceutical companies on the list also include Shanghai Pharmaceutical Group and Guangzhou Pharmaceutical Group, which mainly produce and sell as B-end customers.
Undeniably, health management will be a major trend in the future in the era of longevity for all people in China. At present, the professional health management enterprises in the market have not really developed, and most insurance companies operating health management services have not hit the point, or the thunder and rain are little. As we all know, this field is also a place where the top 500 companies frequently appear.
For the insurance industry in China, this is both an opportunity and a test. Once the missing link of health management service in the future market is opened, the insurance industry in China at that time will not be the same as it is now.
At this point, the American market has taken the lead. This is where China enjoys gold now, and where real health insurance such as medical insurance and nursing insurance has increased. As for insurance companies or health care related giants? The game has started.
Related questions and answers: The difference between Shanghai Pudong Development Bank and the four major banks: Shanghai Pudong Development Bank is a commercial bank and the four major banks are state-owned central enterprises. Shanghai Pudong Development Bank is a national joint-stock commercial bank and a state-owned enterprise. The four major banks are the four major state-owned banks (Ministry of Finance and Central Huijin Company) directly controlled by the state.