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市場調查報告書

中國的能源、電力保險

Energy and Power Insurance in China

出版商 Finaccord Ltd. 商品編碼 344808
出版日期 內容資訊 英文 41 pages
商品交期: 最快1-2個工作天內
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中國的能源、電力保險 Energy and Power Insurance in China
出版日期: 2015年09月01日 內容資訊: 英文 41 pages
簡介

本報告提供中國急速成長中的能源 (石油&天然氣) 、電力部門相關的風險保險調查分析、現狀與未來預測相關的系統性資訊。

第1章 簡介

第2章 能源 (石油&天然氣) 保險

  • 能源 (石油&天然氣) 市場與競爭企業的背景
    • 生產,進口,相關基礎設施
    • 競爭環境
    • 能源 (石油&天然氣) 保險市場規模、成長率、區分
  • 保險業者的市場佔有率
    • 上游、中游、下游保險
    • 主要仲介
  • 未來預測
    • 石油、天然氣生產
    • 能源 (石油&天然氣) 保險

第3章 電力保險

  • 電力市場與競爭企業的背景
    • 發電
    • 競爭環境
    • 電力保險市場規模、成長率、區分
  • 保險業者的市場佔有率
    • 傳統的電力保險
    • 再生能源保險
    • 主要仲介
  • 未來預測
    • 發電
    • 電力保險

圖表

目錄

‘Energy and Power Insurance in China’ is a report and market data file about the current and future outlook for the insurance of risks associated with the fast-evolving energy (oil and gas) and power sector in China.

In addition to showing how its value has changed since 2010, analysis of the Chinese energy insurance market sub-divides it both by type of operation (i.e. upstream, midstream and downstream) and by type of risk (i.e. business interruption, construction, control of well / OEE, environmental liability, general liability, property and other) with these two splits then cross-tabulated against each other to identify the most valuable market segments. In addition, its value (split by type of operation) is forecast to 2018 and estimates for the market shares of energy insurance underwriters are provided, expressed as percentage ranges (e.g. 5.0% to 7.5%).

Market value data spanning 2010 to 2014 (with a forecast to 2018) is also provided for the Chinese power insurance sector with segmentations in this case provided by power source at both a high level (i.e. conventional, renewable, other) and a detailed level (i.e. coal, gas, nuclear and oil in the conventional segment, and biomass, hydro, solar and wind in the renewable segment), as well as by type of risk (i.e. business interruption, construction, liability, property and other). Once again, these splits are cross-tabulated against each other and market shares for underwriters of power insurance are estimated as percentage ranges.

Over and above this unique market data, the study also examines the market drivers for both energy and power insurance in China (e.g. trends in oil and natural gas production and imports, trends in power generation segmented by source) plus the role played by captive and mutual underwriters (including the approximate percentage of the respective market values that they insure). In addition, it identifies the brokers with the most significant involvement in these two sectors, and considers how changes in the underlying energy and power sectors are likely to impact the associated insurance markets.

Table of Contents

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

  • What is this report about and what is its rationale?
    • Several factors underpin the rationale for producing global research about energy and power insurance...
    • ... including its worldwide value of more than USD 23.5 billion in 2014...
    • ... and the growth of hydraulic fracturing (fracking), deepwater drilling, solar power and wind power
  • Methodology
    • Research program
    • Sources
  • Definitions
    • Energy (oil and gas) insurance
      • The energy insurance market segments between the upstream, midstream and downstream sectors...
      • ... and by several types of cover, including one specific to upstream insurance
    • Power insurance
      • Power insurance covers the conventional, renewable and other power sectors
    • Premiums
    • Abbreviations
  • Finaccord

2.0 ENERGY (OIL AND GAS) INSURANCE

  • Energy (oil and gas) market and competitor background
    • Production, imports and associated infrastructure
      • China is the world's largest importer of oil...
      • ... and is also a fairly significant producer of it
      • The number of both offshore and onshore rigs has risen but many are not actively drilling
      • The discovery of deep water oil fields has shaped investment in the oil sector in China
      • Production at China's largest onshore oil fields is likely to have peaked
      • Shale gas offers vast potential in China albeit many formations are relatively expensive to reach
      • Several long-distance pipeline links have been built or are under construction in China
      • The oil refining sector has undergone modernisation and consolidation in recent years
    • Competitive environment
      • CNPC and Sinopec together control China's upstream and downstream oil and natural gas markets
      • CNOOC is responsible for offshore oil exploration and production
      • Foreign oil companies participate mainly through production-sharing contracts and joint ventures
      • Gas distribution is largely controlled by city-specific and regional companies
    • Energy (oil and gas) insurance market value, growth and segmentation
      • The Chinese energy insurance market has experienced fairly rapid growth in recent years
      • Construction and property cover account for the majority of energy insurance premiums
  • Underwriter market shares
    • Upstream, midstream and downstream insurance
      • PICC is the dominant underwriter in China's energy insurance market...
      • ... and captives are not yet used to a significant degree for domestic risks
    • Key brokers
      • Kunlun Insurance Brokers and Jiang Tai Insurance Brokers are the most influential intermediaries...
      • ... although there are other important competitors including Aon-COFCO, JLT, Marsh and Willis
  • Future outlook
    • Oil and natural gas production
    • Energy (oil and gas) insurance
      • Growth in the value of the Chinese energy insurance market is likely to remain robust...
      • ... with premiums forecast to exceed USD 500 million by 2018

3.0 POWER INSURANCE

  • Power market and competitor background
    • Power generation
      • Generation of renewable power has been growing at more than twice the rate of that of conventional power
      • Coal remains by far the most important power source in China
      • Generation of nuclear power is set to expand rapidly
      • Hydropower is by far the most developed renewable energy source...
      • ... albeit wind power is becoming increasingly significant
      • China is committed to generating 20% of its power from non-fossil fuel sources by 2030
    • Competitive environment
      • Electricity generation and transmission is dominated by state-owned companies
      • China Huaneng Group operates more than 80 mainly coal-fired plants
      • China Guodian generates about 10% of its output from hydropower
    • Power insurance market value, growth and segmentation
      • The renewable power insurance market has been rising at a nominal compound annual rate of over 20%...
      • ...driven by the expansion of the underlying renewable power sector...
      • ... albeit policy pricing is sometimes inefficient in both this sector and the conventional power market
      • Coal-fired stations are likely to account for more than 60% of the total power insurance market
      • A paucity of claims data has hindered pricing of risks in the wind power sector
      • Cover for business interruption accounts for close to 25% of the total Chinese power insurance market
      • Property insurance for conventional power is the most valuable segment of the total market
  • Underwriter market shares
    • Conventional power insurance
      • PICC is likely to underwrite between 40% and 50% of conventional power insurance premiums in China
      • CNIP (the Chinese Nuclear Insurance Pool) has direct underwriting capacity of close to USD 900 million
    • Renewable power insurance
      • Underwriting market shares in renewable power insurance are likely to be subject to more volatility
    • Key brokers
      • Captive brokers play an important role in the Chinese power insurance market
  • Future outlook
    • Power generation
      • vAmbitious plans have been made to expand generation through diverse non-carbon sources
    • Power insurance
      • Growth in renewable power insurance will comfortably outpace that for conventional power cover

LIST OF GRAPHICS / TABLES

0.0. EXECUTIVE SUMMARY

  • Key market data for energy (oil and gas) and power insurance in China

1.0. INTRODUCTION

2.0. ENERGY (OIL AND GAS) INSURANCE

  • Oil production and imports in China, 2010 to 2014
  • Natural gas production and imports in China, 2010 to 2014
  • Oil and natural gas production (segmented between domestic consumption and exports) and imports in China, 2010 to 2014 (table)
  • Underlying oil and natural gas production and import infrastructure in China, 2010 to 2014 (table)
  • Energy (oil and gas) insurance premiums in China segmented between upstream, midstream and downstream, 2010 and 2014
  • Energy (oil and gas) insurance premiums in China segmented between upstream, midstream and downstream, 2010 and 2014 (table)
  • Energy (oil and gas) insurance premiums in China segmented by type of risk, 2014
  • Energy (oil and gas) insurance premiums in China cross-tabulated between upstream, midstream and downstream and type of risk, 2014
  • Energy (oil and gas) insurance premiums in China cross-tabulated between upstream, midstream and downstream and type of risk, 2014 (table)
  • Estimated market shares of total energy (oil and gas) insurance underwriters in China, 2014
  • Estimated market shares of total energy (oil and gas) insurance underwriters in China, 2014 (table)
  • Oil and natural gas production in China, 2018 (forecast) (low and high oil price scenarios)
  • Oil and natural gas production in China, 2018 (forecast) (low and high oil price scenarios) (table)
  • Energy (oil and gas) insurance premiums in China segmented between upstream, midstream and downstream, 2018 (forecast) (low and high oil price scenarios)
  • Energy (oil and gas) insurance premiums in China segmented between upstream, midstream and downstream, 2018 (forecast) (low and high oil price scenarios) (table)

3.0. POWER INSURANCE

  • Power generation in China segmented between conventional, renewable and other sources, 2010 to 2014
  • Power generation in China segmented between conventional, renewable and other sources, 2014 (detailed breakdown)
  • Power generation in China segmented between conventional, renewable and other sources, 2010 to 2014 (detailed breakdown) (table)
  • Power insurance premiums in China segmented between conventional, renewable and other sources, 2010 and 2014
  • Power insurance premiums in China segmented between conventional, renewable and other sources, 2010 and 2014, (table)
  • Power insurance premiums in China segmented between conventional, renewable and other sources, 2014 (detailed breakdown)
  • Power insurance premiums in China segmented by type of risk, 2014
  • Power insurance premiums in China cross-tabulated between conventional, renewable and other sources and type of risk, 2014
  • Power insurance premiums in China cross-tabulated between conventional, renewable and other sources and type of risk, 2014 (table)
  • Estimated market shares of conventional power insurance underwriters in China, 2014
  • Estimated market shares of conventional power insurance underwriters in China, 2014 (table)
  • Estimated market shares of renewable power insurance underwriters in China, 2014
  • Estimated market shares of renewable power insurance underwriters in China, 2014 (table)
  • Power generation in China segmented between conventional, renewable and other sources, 2018 (forecast)
  • Power generation in China segmented between conventional, renewable and other sources, 2018 (forecast) (table)
  • Power insurance premiums in China segmented between conventional, renewable and other sources, 2018 (forecast)
  • Power insurance premiums in China segmented between conventional, renewable and other sources, 2018 (forecast) (table)
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