Asia/Pacific

MarketReports.com | Business & Finance | Country Reports |  Asia/Pacific

Kazakhstan Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 22 Publisher: Koncept Analytics The insurance industry of Kazakhstan has witnessed a strong growth during 2001–2008, in local currency terms. The increase in premium growth over these years was mainly on account of the reforms initiated by the government as well as the astounding performance of the economy. The growing economy, supported by the increasing international demand for crude oil, led to an increase in the per-capita income of the population, boosting the demand for non-food categories such as property and automobiles. Growing GDP, national income and the subsequent improved standard of living, development of social insurance for the underprivileged, rising population, has helped drive the insurance segment, particularly non-life business growth in Kazakhstan in last few years. The life insurance segment of Kazakhstan is still in its nascent stage and it accounts for a very small share of the domestic insurance market. The non-life segment has been the dominating segment in the country, the reason being the low financial literacy and lax attitude of the people towards investing for the safety of self and family. Along with these factors, the improved economic conditions have also boosted the sales of property and automobile products; thereby, driving the sales of the insurance products. The insurance market in Kazakhstan is witnessing an increasing participation of new players, both foreign as well as domestic. The present report gives an overview of the insurance market of Kazakhstan along with an analysis of the country’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the insurance industry of the country. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

Singapore Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 24 Publisher: Koncept Analytics Singapore has one of the most developed insurance markets in Asia. The insurance industry of Singapore has been growing at an impressive growth rate on account of the increasing demography of ageing population and income. The industry has been dominated by life insurance, which has been contributing to the industry growth; however, in the recent years general insurance is also building up with large number of segments accounting for very small percentage of the total market. The insurance penetration rate in Singapore is high as compared to other Asian countries, but it is also unstable because of high GDP influence on the insurance industry. The rising population of the elderly people in the country has caused the growth in penetration rate over the years. The per capita expenditure on insurance is also very high in the country, which is good for the growth of the industry. In the forthcoming years, the market is expected to decline as a result of adverse impact of the global economic crisis. The present report gives an overview of the insurance market of Singapore along with an analysis of the country’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of Singapore’s insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

South Korea Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 23 Publisher: Koncept Analytics The South Korean insurance industry has come a long way from being a largely closed industry to being an open industry now, due to several changes that happened in the last few decades. The industry witnessed a good growth on the back of Liberalization of the domestic insurance industry, increasing awareness of insurance products, demand for long-term and motor insurance products, development of new sales channels, as well as the growing economy are few of the leading factors which aided the growth of the insurance industry. In South Korea, life insurance market accounts for a larger share of the South Korean insurance business. The domestic consumer’s slow uptake in general insurance products has restricted non-life insurance business growth South Korea is ranked sixth among the few countries in terms of per capita expenditure on insurance in the Asia Pacific region. The insurance penetration rate is considerably higher yet it is notably less in the non-life insurance segment. Though the life segment is projected to dominate the insurance market in the coming years, the non-life segment is expected to record strong growth on account of increasing demand for long –term insurance, cross-selling and online auto insurance sales. The present report gives an overview of the South Korean insurance market along with an analysis of South Korea’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the South Korean insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

Taiwan Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 20 Publisher: Koncept Analytics The insurance industry of Taiwan is the one of the largest insurance markets in the Asia pacific region. The industry has been growing mainly on account liberalization policies of the government, increased awareness, tendency of wealth accumulation as well as the growing economy and increased per capita income. Apart from this, the insurance industry has also benefited from the surging demand for insurance products, particularly life insurance (endowment) products. In Taiwan, life insurance market accounts for a larger share of the Taiwan insurance business. Taiwan is mainly known for having one of the highest insurance densities in the Asia Pacific region – second only to Japan. In terms of penetration rate, the industry has high penetration rate but there is huge difference between the penetration rate of its segments as Life has very high penetration rate and non-life has very low penetration. The key reason behind this difference is that despite being receptive to life insurance products, the decreasing investment by domestic consumers in automobiles and natural disaster exposures have restricted growth of the non-life insurance business. In the coming years, although the life segment will continue to dominate the insurance market, the non-life segment is expected to start recording growth on account of growth in casualty, engineering and natural disaster insurance. The present report gives an overview of Taiwan’s insurance market along with the analysis of Taiwan’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the Taiwanese insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

Thailand Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 24 Publisher: Koncept Analytics Over the past ten years, the Thai insurance market has recorded astounding growth on account of governmental promotional measures, new products, improved sales channel, increased awareness and importance of insurance coverage and savings. With the opening of the sector and influx of foreign investment, Thailand’s insurance sector has started to show signs of maturity, with a wider range of products being offered and improvements in basic infrastructure. The growth was mainly on account of the opening up of insurance sector and increased foreign investment, growing awareness of insurance products, launch of new products, government's income-tax measures, as well as the growing economy and increased demand for future savings. Like other countries, the Thai insurance industry can be classified into life and non-life businesses. The life insurance market is the largest part of the Thai insurance market. Due to government tax incentives, preference for insurance products over bank deposits as saving instruments and improved quality of life, the Thai life insurance market has continued to witness a rapid increase in premium income. Despite high growth rate the per capita expenditure on insurance and penetration rate is very low. In the coming years, this market is expected to offer opportunity for growth on account of improved standards of living and need for retirement savings products. The present report gives an overview of the Thai insurance market along with the analysis of Thailand’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the Thai insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

Hong-Kong Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 21 Publisher: Koncept Analytics Hong Kong is one of the most competitive insurance markets in Asia. The insurance industry has been growing steadily since the 1990s, driven mostly by the life insurance business. Lack of state-sponsored pension schemes and comparatively higher interest rates on insurance products compared to traditional bank products and a growing elderly population have all added to the growth of premium income of the life insurance market of Hong Kong. The industry, however, was hit recently by the global economic slowdown and its resulting effects, like rising unemployment and decreasing income and savings. Hong Kong has one of the highest per capita expenditure on insurance in the Asian region. The insurance penetration rate is also high as compared to the overall Asian region. The high market density and penetration rate is due to the government efforts and high insurance awareness among consumers. In the forthcoming years, the market is expected to grow at a slower pace due to the slow movement in the life segment; however, it will still remain the dominant segment. The non-life segment will outperform the life segment in terms of growth as it is expected to grow at a higher rate. The present report gives an overview of the insurance market of Hong Kong along with an analysis of its political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the insurance industry of Hong Kong. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

China Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 22 Publisher: Koncept Analytics The Chinese insurance market presents immense growth opportunity for both foreign and domestic insurance companies as the industry has been growing at more than 25% p.a. This growth is mainly attributed to the improving segments of life insurance and health insurance. Apart from this, the insurance industry has also benefited from the surging demand for insurance products, changing social structure, rising number of educated and middle class people as well as reforms and tax relaxation policies of the government. China’s insurance industry is dominated by the life insurance segment, which has registered a tremendous growth till now. The insurance density and market penetration in China are very low as compared to both developed countries as well as ASEAN region despite high growth rate of the industry as consumers in China still prefer bank deposits and bonds as savings instrument rather than insurance products. Historically, the insurance market had a limited number of companies, due to its centralized structure in China. The present report gives an overview of the Chinese insurance market along with the analysis of China’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the Chinese insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

Indonesia Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 22 Publisher: Koncept Analytics The Indonesian insurance market continues to offer growth opportunities and attract new players, despite certain unfavorable government rules and regulations. The industry has registered a tremendous growth in the past few years, mainly due to untimely occurrence of natural and man-made disasters, launch of new products, growing economy and increasing demand for savings. Like many other countries, the Indonesian insurance industry can be categorized into two different segments: life and non-life. Life insurance is the dominate segment in the Indonesian insurance industry, with 68.3% share of total insurance premium in 2008. Despite being one of the thickly populated regions in Southeast Asia, the per capita expenditure on insurance in Indonesia is one of the lowest - the reason of which is the low insurance penetration among the different ethnic groups in the country. In the forthcoming years, market density and penetration is expected to improve on account of expanding bancassurance channel, demand for unit-linked products, as well as awareness of risk-protection and high incidence of disasters. Thus, market is expected to offer opportunity to insurance company for growth. The present report gives an overview of the insurance market of Indonesia along with an analysis of the country’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the Indonesian insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

Japan Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 24 Publisher: Koncept Analytics Japan is the third largest player worldwide in terms of insurance premium. Despite this, the Japanese insurance industry has been declining since the past few years. This decline is attributed to high penetration rate of life insurance in the country. Further, the amount held per person is at least more than half as compared to what it is in the United States. This makes it difficult for the insurers to move on from the present market situation as there is a limited 10% of the population to be catered for the life insurers. Like many other countries, the Japanese insurance industry can be categorized into two different segments: life and non-life. Life insurance contributes more than three fourth of the total industry, whereas non-life serves for only one fourth of the total insurance market in Japan. The per capita expenditure on insurance is very high in Japan; however, it is growing at a slower rate due to reduced foreign investment and fall in total population. The insurance penetration rate of Japan is higher than the average of the industrialized markets, in terms of premiums as a percentage of gross domestic products. The present report gives an overview of Japan’s insurance market along with an analysis of the Japanese political structure and the economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the Japanese insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

Malaysia Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 24 Publisher: Koncept Analytics The Malaysian insurance market continues to be one of the fastest growing markets for insurance products across the Asian continent. The country’s insurance market has been exhibiting growth on account of increased awareness, preparation for risk avoidance and demand for savings among the Malay consumers. Like many other countries, the Malaysian insurance industry can be segmented into two different segments: life and non-life. Life is the dominant segment in the Malaysian insurance industry. The insurance density is very low in Malaysia, despite the growth witnessed by the insurance industry in the past few years. In addition, insurance penetration has also showed signs of decline in the past few years due to the falling insurance premiums as a percentage of GDP. In the forthcoming years, this market is expected to offer strong growth opportunities on account of increasing number of middle-class people and the need for retirement savings products. The present report gives an overview of the Malaysian insurance market along with an analysis of the country’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of Malaysia insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

Australia Insurance Market Intelligence Price: $600.00 (€472.89) ($720.00 (€567.46) Including VAT at 20%) Publication Date: 01-Jan-2010 Format: PDF Email Pages: 22 Publisher: Koncept Analytics Australia is the 12th largest country across the world on the basis of direct insurance premiums and the 4th largest in Asia Pacific. The Australian insurance industry has witnessed a continuous growth in premiums over the past years, mainly because of product innovations which include bundling of policies, improved distribution and servicing strategies through call centers, the Internet, agencies and brokers. The Australian insurance industry is divided into life, general (non-life) and health insurance segments. Growth of the life insurance sector is primarily driven by superannuation funds. General insurers have been reporting severe losses due to an increase in catastrophe claims, which led to a minor increase in premiums in the non-life insurance segment in 2008. In the life insurance segment, market consolidation through mergers has given it an extremely concentrated structure, which is dominated by just four players: AMP, National Australian Bank, ING and Westpac. There were a total of 130 general insurance companies as of June 30, 2008 in Australia, with QBE as the largest general insurer. The Australian Government has come up with new laws governing foreign operators in the Australian general insurance market, which will give added protection to consumers, while serving the needs of large businesses. Insurance penetration is relatively low in Australia as compared to other developed countries, thus, the country offers tremendous growth opportunities to new entrants. Strong regulatory system, reduction of tariffs and the establishment of new insurance sales channel have further added to the awareness level of new types of insurance products, eventually supporting the overall sector growth. Factors like expanding economy, growing household disposable income, rising motor market and private health insurance market are projected to be the main drivers of the insurance sector growth in future. The present report gives an overview of the insurance market of Australia along with an analysis of the country’s political structure and economic growth. The report offers an insight into the market size and trends in insurance premiums of the life and non-life insurance segments. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. Table of Contents/List of Tables/List of Figures

MarketReports.com | Business & Finance | Country Reports |  Asia/Pacific