Life and Pensions Quarterly Competitor Tracker Q2 2009
Datamonitor
July 22, 2009 39 Pages - SKU: DFMN2391516
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Introduction
The Life and Pensions Competitor Tracker tracks strategic developments in product innovation, customer targeting, M&A, partnerships and organic growth. It provides expert analysis about trends developing in the global market, supported by the strategic moves of 42 of its leading competitors.
Reasons to Purchase- Track the strategic developments announced by 42 of your key competitors.
- Assess which geographies and strategic areas are seeing the most activity.
Please note: this is delivered as a Zip file.
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- Overview
- Catalyst
- Summary
- Methodology
- Table of Contents
- Table of figures
- Table of tables
- INTRODUCTION
- The Life and Pensions Competitor Tracker provides both one month and 12 month views of developments
- Datamonitor tracks 42 key life and pensions providers and distributors each quarter
- Datamonitor's Life and Pensions Team provides analysis of the key developments
- A fully searchable database of the past 12 months of developments is also delivered alongside in the report
- KEY TRENDS AND DEVELOPMENTS IN Q2 2009
- The life and pensions market has observed several competitor developments and industry trends
- Innovating technology and delivery are important for competitors
- The lure of Asian markets continues but competitors have not forgotten their existing customer base in developed countries
- Competitor developments in Q2 2009 are led by Aviva and Manulife
- The second quarter of 2009 records competitors keeping up the pace of innovative developments
- Competitor developments in Q2 2009 equaled the previous quarter of 51 developments
- Competitors continue to dedicate their focus more on product innovation compared to M&A, partnerships and organic growth
- Product innovation developments heavily outweigh customer targeting innovations in Q2 2009
- Innovations in protection insurance and technological delivery emerge strongly in Q2 2009
- Organic growth shows decreasing visibility in the market in Q2 2009
- Competitors are refocusing on operations in developed countries but Asia still lures innovation
- PRODUCT INNOVATION AND CUSTOMER TARGETING
- AMP Life Limited
- Australia: AMP launches superannuation products
- Aviva
- Australia: Aviva announces enhancements to its retirement products portfolio
- Australia: Aviva supports the certainty of access to superannuation benefits
- Australia: Aviva implements voice biometrics
- Ireland: Hibernian Aviva announces a deposit fund for pension investors
- Malaysia: CIMB launches EasyLife Health Plan
- Netherlands: Delta Lloyd reduces premium rates
- Romania: Aviva Romania launches two new online tools
- UK: Aviva launches a new website for advisors
- UK: Norwich Union Healthcare's income protection solution becomes automated
- UK: Norwich Union offers bereavement helpline for group life customers
- Friends Provident
- UK: Friends Provident launches Selling Techniques Toolkit for protection
- UK: Friends Provident launches eSelect
- UK: Friends Provident urges government to tackle poor online pensions
- Lincoln National
- US: Lincoln Financial Group announces family care reimbursement benefit rider on LTD policies
- Liverpool Victoria
- UK: Liverpool Victoria extends its critical illness cover
- Lloyds Banking Group
- UK: Scottish Widows offers two new multi-manager funds
- Manulife
- Indonesia: Manulife Indonesia introduces a new Sharia unit and a new Sharia-specific product
- Japan: Manulife Japan launches Yume-no-Teikibin
- Singapore: Manulife introduces C.A.R.E.
- US: John Hancock enhances group LTC care insurance and discounts program
- US: John Hancock launches a current assumption universal life insurance product
- US: John Hancock introduces new retirement income product
- US: John Hancock introduces new variable life insurance product
- Skandia
- Singapore: Skandia International expands its product range in Singapore
- UK: Skandia launches new income generating protected product
- The Hartford
- US: The Hartford launches its revamped website
- US: The Hartford extends group life insurance coverage
- M&A, PARTNERSHIPS AND ORGANIC GROWTH
- Allianz
- China: Allianz announces the establishment of Shandong branch
- China: Allianz and ICBC complete the share transfer of ICBC shares through a private sale
- Aviva
- China: Aviva sets up a new office in Hubei province, China
- Poland: Commercial Union Poland changes name to Aviva
- Russia: Aviva acquires pension fund from ING in Russia
- UK: FDC takes over Lancyr
- Barclays
- Spain: Barclays and CNP enter into a joint venture in Spain, Portugal and Italy
- BNP Paribas
- France: BNP Paribas acquires Fortis Bank and establishes partnership in insurance with Fortis
- France: CNP Assurances and Malakoff Médéric introduce new pensions business
- Korea: BNP Paribas Assurance agrees to increase stake in SHC&Life with Shinhan Financial
- Vietnam: Vietcombank, Cardif and SeAbank introduce VCLI
- Co-operative Financial Services
- UK: The Co-operative Financial Services merger with Britannia is backed by members
- Friends Provident
- UK: Friends Provident to offer its new stakeholder scheme to Swinton employees
- Fortis
- Belgium: Fortis Insurance Belgium rebrands its business
- UK: Tesco enters into a partnership with Fortis
- HSBC Holdings
- China: HSBC launches joint insurance company in partnership with National Trust
- Lincoln National
- UK: Lincoln Financial Group announces sale of its Lincoln UK subsidiary
- Lloyds Banking Group
- UK: Scottish Widows and Clerical partners to provide single intermediary product proposition
- Manulife
- China: Manulife-Sinochem Life Insurance announces a new branch in Shenyang
- US: CHCS Services agrees to manage John Hancock Long-Term Care Insurance's provider discount and caregiver programs
- US: John Hancock acquires Federal Long Term Care Insurance Program contract
- Prudential
- Taiwan: Prudential completes the transfer of assets and liabilities in Taiwan to China Life Insurance of Taiwan
- Prudential US
- US: Prudential Retirement and Hewitt Associates offer IncomeFlex Target
- APPENDIX
- Methodology
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: The 42 companies covered by Datamonitor's Life and Pensions Competitor Tracker
- Table 2: Competitors achieving more than 3 product innovations in the past 12 months
- List of Figures
- Figure 1: Competitor developments totaled 51 developments in Q1 2009
- Figure 2: Products innovation developments continue their dominance over M&A, partnership or organic growth activities
- Figure 3: Product innovations feature more strongly than customer targeting developments
- Figure 4: Innovations in technology emerge strongly in the second quarter
- Figure 5: Partnership activity is more rife in Q2 2009 compared to M&A or organic growth developments
- Figure 6: Competitors are refocusing on their operations in developed countries
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