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Published by: Global Industry Analysts
Published: Mar. 1, 2008 - 116 Pages
Table of Contents
- 1. Bangladesh
- Life Insurance Market
- Table 1: Life Insurance Industry in Bangladesh (2003): Gross
- Written Premium in US$ Million by Leading Companies for
- American Life, National Life, Jiban Bima Corporation, Delta
- Life, Meghna Life, Sandhani Life, Fareast Islami Life,
- Homeland Life, Rupali Life, and Prageti Life (includes
- corresponding Graph/Chart)
- Homeland Launches BADHU BIMA Scheme for Married Women
- Non-Life Insurance Market
- Table 2: Non-Life Insurance Industry in Bangladesh (2003):
- Gross Written Premium in US$ Million by Leading Companies for
- Sadharan Bima, Corporation, Pragati, Reliance, Green Delta,
- Prime, Peoples, Phoenix, Bangladesh General, Rupali, and
- Karnaphuli (includes corresponding Graph/Chart)
- 2. Indonesia
- Market Overview
- Insurance Sector Representation
-
- Table 3: Indonesian Recent Past, Current & Future Analysis
- for Insurance Industry by Segment - Life and Non-Life Markets
- Independently Analyzed with Annual Premium Income in US$
- Million for the Years 2005 through 2009 (includes
- corresponding Graph/Chart)
- Table 4: Indonesian 5 -Year Perspective for Insurance
- Industry by Segment - Percentage Breakdown of Premium Income
- for Life and Non-Life Markets for 2005, 2007, and 2009
- (includes corresponding Graph/Chart)
Highlights
- Insurance Market Regulations
- Indonesian Auto Insurance Market
- Lack of Awareness and Poverty Hit Indonesian Health Insurance Market
- Entry of Foreign Players
- Indonesia Calls for Piracy Insurance
- Importance of Technical Reserves
Market Leaders Life Insurance - Table 5: Indonesian Life Insurance Industry (2003): Gross
- Written Premium in US$ Million by Leading Companies for
- Bumiputera 1912, AIG Lippo Life, Jiwasraya, Manulife
- Indonesia, Prudential Life, Indolife Pensiontama, Jiwa
- Sequis Life, AIA, Indonesia, Panin Life, and Bringin Jiwa
- Sejahtera (includes corresponding Graph/Chart)
Non-Life Insurance
Indonesian General Insurance Sector - Set for Phenomenal Growth
- Table 6: Indonesian Non-Life Insurance Industry (2003):
- Gross Written Premium in US$ Million by Leading Companies
- for Tugu Pratama, Jasa Indonesia, Central Asia, Astra
- Buana, Sinar Mas, Wahana Tata, Allianz Utama, AIU
- Indonesia, Mitsui Sumitomo, and Dayin Mitra (includes
- corresponding Graph/Chart)
A Recent Past Perspective
- Leading Insurance Companies
-
- Table 7: Insurance Industry in Indonesia (2001): Number of
- Insurance Companies by Type of Insurance for Life Insurance,
- Loss-Insurance, Reinsurance and Others (includes
- corresponding Graph/Chart)
Loss Insurance and Re-insurance Market
- Table 8: Key Statistics of Indonesian Loss-Insurance and
- Reinsurance Companies in Millions of Rupiahs: 1998-2000
- (includes corresponding Graph/Chart)
- Table 9: Leading Loss-Insurance Companies in Indonesia by
- Surplus Underwriting in Millions of Rupiahs: 2000 (includes
- corresponding Graph/Chart)
- Table 10: Leading Loss-Insurance and Re-insurance Companies
- in Indonesia by Assets in Millions of Rupiahs: 2000
- (includes corresponding Graph/Chart)
- Table 11: Insurance Gross Premiums in Indonesia by Segment
- (in % Share): 2000 (includes corresponding Graph/Chart)
- Structural Overview of Loss-Insurance Market
Focus on Select Indonesian Players
- PT Asuransi Tokio Marine Indonesia
- PT Panin Insurance
- PT Tugu Pratama
3. Malaysia
Market Overview
- Table 12: Malaysian Recent Past, Current & Future Analysis
- for Insurance Industry by Segment - Life Insurance and
- General Insurance Markets Independently Analyzed with
- Premiums Written in RM Million for the Years 2006 through
- 2010 (includes corresponding Graph/Chart)
- Table 13: Malaysian 5 -Year Perspective for Insurance
- Industry by Segment - Percentage Breakdown of Premiums
- Written for Life Insurance and General Insurance Markets for
- 2006, 2008, and 2010 (includes corresponding Graph/Chart)
- Table 14: Malaysian Recent Past & Current Analysis for
- Insurance Industry by Segment - Life and General Insurance
- Markets Independently Analyzed with Premium Income in RM
- Million for the Years 2004 through 2008 (includes
- corresponding Graph/Chart)
- Table 15: Malaysian 5 -Year Perspective for Insurance
- Industry by Segment - Percentage Breakdown of Premium Income
- for Life Insurance and General Insurance Markets for 2004,
- 2006, and 2008 (includes corresponding Graph/Chart)
- Table 16: Malaysian Recent Past & Current Analysis for
- Insurance Industry by Segment - Life and General Insurance
- Markets Independently Analyzed with Insurance Fund Assets in
- RM Million for the Years 2004 through 2008 (includes
- corresponding Graph/Chart)
- Table 17: Malaysian 5 -Year Perspective for Insurance
- Industry by Segment - Percentage Breakdown of Insurance Fund
- Assets for Life Insurance and General Insurance Markets for
- 2004, 2006, and 2008 (includes corresponding Graph/Chart)
-
Insurance - A Booming Industry
Policies and Measures Reinforce Insurance Sector
Central Bank to Deregulate Insurance Sector
Role of Banks in Promoting Insurance
Health Insurance Industry Set to Record High Growth
Medical and Health Insurance Pick up Growth
Tourism Industry Follow Suit
Life Insurance Industry
- Table 18: Malaysian Life Insurance Industry (2006 & 2007):
- Percentage Breakdown of Premiums by Policy Type for
- Temporary, Whole Life, Investment Linked, Endowment, Annuity,
- and Others (includes corresponding Graph/Chart)
- Table 19: Malaysian Life Insurance Industry (2007 & 2008):
- Percentage Breakdown of Benefit Payments by Category for
- Surrender, Maturity/Vesting, Medical, Cash Bonuses, Death and
- Disability, and Others (includes corresponding Graph/Chart)
Key Players
- Table 20: Leading Players in the Malaysian Life Insurance
- Industry (2002) - Gross Written Premium in US$ Million for
- Great Eastern, AIA, Prudential, ING, and MAA (includes
- corresponding Graph/Chart)
Non-Life Insurance Industry
- Table 21: Malaysian General Insurance Market (2007 & 2008):
- Percentage Breakdown of Premiums by Category for Motor,
- Fire, MAT, P A, CAR & ENG, Medical, Liability, WC & EL, and
- Others (includes corresponding Graph/Chart)
- Table 22: Malaysian Non-Life Insurance Market (2005):
- Percentage Breakdown of Premiums by Segment - Auto,
- Engineering, Fire, Liability, Marine, Medical & PA, and
- Miscellaneous (includes corresponding Graph/Chart)
- Key Players - A Past Perspective
- Table 23: Malaysian Non-Life Insurance Industry (2003):
- Gross Written Premium in US$ Million by Leading Companies
- for Kurnia, Malaysia National, Allianze General, Malaysia
- Assurance Alliance, AMI, American Home, Uni. Asia General,
- Hong Leong, Oriental Capital, and AmAssurance (includes
- corresponding Graph/Chart)
- Table 24: Leading Players in the Malaysian Non-Life
- Insurance Industry (2002) - Gross Written Premium in US$
- Million for Kurnia, MNI, Allianz General, MAA, and Uni.Asia
- General (includes corresponding Graph/Chart)
4. Mauritius
Life Insurance Industry
- Table 25: Life Insurance Industry of Mauritius (2003): Gross
- Written Premium in US$ Million by Leading Companies for BAI,
- Sicom, Anglo Mauritius, LIC, Mauritius Union, Albatross, La
- Prudence, Island Life, Mauritian Eagle, and Sun (includes
- corresponding Graph/Chart)
Non-Life Insurance Industry
- Table 26: Non-Life Insurance Industry of Mauritius (2003):
- Gross Written Premium in US$ Million by Leading Companies
- for Swan, Mauritian Eagle, Mauritius Union, Albatross, Sicom,
- La Prudence, Island Gen, Sun, New India, and Lamco (includes
- corresponding Graph/Chart)
5. Mongolia
A Recent Past Review of Mongolian Insurance Market
- Table 27: Mongolian Insurance Market (2003 & 2004): Total
- Premiums in Million Togrog by Category - Liability Insurance,
- Property Insurance, and Personal Accident, Health and Other
- Insurance (includes corresponding Graph/Chart)
- Table 28: Mongolian Liability Insurance Market (2003 & 2004):
- Total Premiums in Million Togrog by Segment - Driver's
- Liability, Driver's Liability of Public Transportation,
- Professional Liability, Aircraft Owner's & Possessor's
- Liability, and Others (includes corresponding Graph/Chart)
- Table 29: Mongolian Property Insurance Market (2003 & 2004):
- Total Premiums in Million Togrog by Segment - Aircraft Hull
- Insurance, Electrical Equipment, Motor Vehicle, Property
- Casualty, and Others (includes corresponding Graph/Chart)
- Table 30: Mongolian Personal Accident, Health & Allied
- Insurance Market (2003 & 2004): Total Premiums in Million
- Togrog by Segment - Disability, Horse Racing, Personal
- Accident, Travel, and Others (includes corresponding
- Graph/Chart)
- Table 31: Mongolian Insurance Market (2003 & 2004): Claims
- Paid in Million Togrog by Category - Liability Insurance,
- Property Insurance, and Personal Accident, Health and Other
- Insurance (includes corresponding Graph/Chart)
- Table 32: Mongolian Liability Insurance Market (2003 & 2004):
- Claims Paid in Million Togrog by Segment - Driver's
- Liability, Driver's Liability of Public Transportation, and
- Others (includes corresponding Graph/Chart)
- Table 33: Mongolian Property Insurance Market (2003 & 2004):
- Claims Paid in Million Togrog by Segment - Electrical
- Equipment, Motor Vehicle, Property Casualty, Transport and
- Others (includes corresponding Graph/Chart)
- Table 34: Mongolian Personal Accident, Health & Allied
- Insurance Market (2003 & 2004): Claims Paid in Million Togrog
- by Segment - Disability, Personal Accident, Travel, and
-
Others
Major Players
- Table 35: Leading Players in Mongolian Insurance Market
(2003 & 2004): Percentage Breakdown by Total Premiums by
Company - Ard Daatgal, Bodi Daatgal, Mongol Daatgal,
Mongolian Insurance Group, Nomin Daatgal, and Others
(includes corresponding Graph/Chart)
Table 36: Leading Players in Mongolian Insurance Market
(2004): Percentage Breakdown by Claims Paid by Company -
Bodi Daatgal, Erel Daatgal, Mongol Daatgal, Nomin Daatgal,
Prime Daatgal, and Others (includes corresponding
Graph/Chart)
6. New Zealand
Industry Overview
- Table 37: Insurance Industry in New Zealand (2005): Per
- Capita Premium in US$ by Category - Life and Non-Life
- Table 38: Insurance Industry in New Zealand (2003):
- Percentage Share Distribution of Insurance Companies by
- Region for Wellington, Auckland, Canterbury, Otago, and
- Other (includes corresponding Graph/Chart)
- Finance Companies Enter Insurance Sector
- Regulatory Framework
Life Insurance Sector
Key Players
- Table 39: Life Insurance Industry in New Zealand (2002):
- Gross Written Premium in US$ Million by Leading Companies
- for Sovereign, AXA, AMP, Royal & SunAlliance, Tower,
- Fidelity, Westpac, BNZ, NPF, and NBNZ Life (includes
- corresponding Graph/Chart)
- Table 40: Leading Players in the Life Insurance Industry of
- New Zealand (2000) - Gross Written Premium in US$ Million
- for Soveriegn Group, AXA, AMP, Royal & SunAlliance, and
- Tower Health (includes corresponding Graph/Chart)
Non-Life Insurance Sector
- Table 41: New Zealand Non-Life Insurance Industry (2003):
- Gross Written Premium in US$ Million by Leading Companies
- for IAG New Zealand, Vero, Lumley General, AMI, American
- Home, Tower, ACE, Farmers Mutual, Allianz New Zealand, and
- Medical Insurance Society (includes corresponding
- Graph/Chart)
- Table 42: Leading Players in the Non-Life Insurance Industry
- of New Zealand (2002) - Gross Written Premium in US$ Million
- for IAG New Zealand, Royal & Sun Alliance, NZI, Lumley
- General, and AMI (includes corresponding Graph/Chart)
7. Pakistan
Market Overview
- Table 43: Pakistani Recent Past, Current & Future Analysis
for Insurance Market with Gross Premiums in PKR Million for
the Years 2005 through 2009 (includes corresponding
Graph/Chart)
Removal of Entry Barriers
Life Insurance Industry
- Entry of Overseas Life Insurers
Key Players
- Table 44: Leading Players in the Pakistani Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
State Life, EFU Life, Commercial Union, ALICO, and
Metropolitan Life (includes corresponding Graph/Chart)
Non-Life Insurance Industry
- Table 45: Leading Players in the Pakistani Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Adamjee, EFU, National, New Jubilee, and New
Hampshire (includes corresponding Graph/Chart)
8. Philippines
Government Mulls Hike in Insurance Coverage
Life Insurance Market
- Table 46: Leading Players in the Life Insurance Industry of
- Philippines (2000) - Gross Written Premium in US$ Million
- for Philam Life & Gen, Sun Life, Insular Life, Manulife, and
- Prumerica Life (includes corresponding Graph/Chart)
Non-Life Insurance Market
- Table 47: Non-Life Insurance Industry of Philippines (2003):
- Gross Written Premium in US$ Million by Leading Companies
- for Malayan Insurance, Prudential Guarantee, Pioneer, BPI/MS,
- PHILAM Ins, UCPB Gen, Standard, Alliedbankers, Federal
- Phoenix, and Phil. Charter (includes corresponding
- Graph/Chart)
- Table 48: Leading Players in the Non-Life Insurance Industry
- of Philippines (2000) - Gross Written Premium in US$ Million
- for Malayan Ins, Prudential Gtee, FGU Ins, PHILAM Ins, and
- Federal Phoenix (includes corresponding Graph/Chart)
9. South Korea
One of the Largest Insurance Markets Worldwide
- Table 49: South Korean Recent Past, Current & Future Analysis
- for Insurance Industry by Segment - Non-Life and Life
- Markets Independently Analyzed with Premium Income in US$
- Million for the Years 2006 through 2010 (includes
- corresponding Graph/Chart)
- Table 50: South Korean 5 -Year Perspective for Insurance
- Industry by Segment - Percentage Breakdown of Premium Income
- for Life and Non-Life Markets for 2006, 2008, and 2010
- (includes corresponding Graph/Chart)
- Table 51: South Korean Insurance Industry (2006): Per Capita
- Premium in US$, and Penetration of Insurance by Category -
- Life and Non-Life
A Perspective of the Market
- Ageing Population to Drive the South Korean Insurance Market
- Increasing Premium Rates Attract Public Wrath
- Measures to Sustain Financial Stability
- Insurers’ Assets Exceeds 300 Trillion Won
- Insurance Industry Eyes Advanced IT Systems
- Chinese Market offer Greener Pastures for Korean Insurers
- Non-Life and Life Insurance Companies Plan Cross-Selling of Insurance Products
- Online Motor Insurance Rapidly Gaining Ground
- Online Motor Insurance Premiums to Cross 100 Billion Won Mark
- Renewal Rates Increase in Motor Insurance
Life Insurance Industry
- Life Insurance to Debut in the Korean Stock Market
- Korean Life Insurers Provide Strong Growth Potential
- Korea - A Well Developed Market with a Lucrative Shift in Product Mix
- Life Insurance Industry Undergoes Major Changes
- Quasi-Insurers Enhance Penetration in Korean Life Insurance
- Bancassurance Boosts Life Insurance Market
- But also Brews Rift Between Banks and Insurers
- Bigwigs Lose Share
- Foreign Life Insurance Firms Dominate
- Table 52: Korean Life Insurance Market (2005): Percentage
- Breakdown of Premium by Type - Individual (Endowment, Pure
- Endowment, Term Insurance), and Group (includes
- corresponding Graph/Chart)
Key Players
- Table 53: Leading Players in South Korean Life Insurance
- Market (2006 & 2007): Percentage Breakdown of Premiums by
- Company - Samsung Life, Kyobo Life, Korea Life, ING, AIG,
- and Others (includes corresponding Graph/Chart)
- Table 54: Leading Players in South Korean Corporate Pension
- Insurance Market (2006 & 2007): Percentage Breakdown of
- Premiums by Company - Samsung Life, Samsung F&M, Kyobo Life,
- Korea Life, Mirae Asset Life, Other Life Insurers, and Other
- P&C Insurers (includes corresponding Graph/Chart)
- Table 55: Leading Players in South Korean Life Insurance
- Industry (2002) - Gross Written Premium in US$ Million for
- Samsung Life, Korea Life, Kyobo life, Allianz, and SK Life
- (includes corresponding Graph/Chart)
Non-Life Insurance Industry
- Long-Term Insurance and Investment Profits Aid Non-Life
- Sector’s Growth
- Table 56: Korean Non-Life Insurance Market (2005 & 2006):
- Percentage Breakdown of Direct Premiums by Category - Auto,
- Commercial, and Long-term (includes corresponding
- Graph/Chart)
Key Players
- Table 57: Leading Players in Korean Non-Life Insurance
- Market (2005): Percentage Market Share by Insurer - Dongbu
- Insurance, Hyundai M&F, LIG Insurance, Samsung, and
- Others(includes corresponding Graph/Chart)
- Table 58: Leading Players in Korean Non-Life (Long-Term)
- Insurance Market (2005): Percentage Market Share by Insurer
- - Dongbu Insurance, Hyundai M&F, LIG Insurance, Samsung,
- and Others(includes corresponding Graph/Chart)
- Table 59: Leading Players in Korean Non-Life (Commercial)
- Insurance Market (2005): Percentage Market Share by Insurer
- - Dongbu Insurance, Hyundai M&F, LIG Insurance, Samsung, and
- Others (includes corresponding Graph/Chart)
- Table 60: South Korean Non-Life Insurance Industry (2003):
- Gross Written Premium in US$ Billion by Leading Companies
- for Samsung, Hyundai, Dongbu, LG, Oriental, Seoul
- Guarantee, First, Shindongah, Ssangyong, and Daehan
- (includes corresponding Graph/Chart)
- Table 61: Leading Players in South Korean Non-Life
- Insurance Industry (2002) - Gross Written Premium in US$
- Million for Samsung, Hyundai, Dongbu, LG, and Oriental
- (includes corresponding Graph/Chart)
Auto Insurance Market
- Battle Heats up in Korean Online Motor Insurance Market
- Table 62: Korean Automotive Insurance Market (2005): Direct
- Premiums and Claims Paid in Won Billion
- Table 63: Leading Players in Korean Automotive Insurance
- Market (2005): Percentage Market Share by Insurer - Dongbu
- Insurance, Hyundai M&F, LIG Insurance, Samsung, and
- Others(includes corresponding Graph/Chart)
- Korean Marine and Aviation Insurance - An Overview
- Property Insurance Market
- Table 64: Korean Non-Life Insurance Market (2005): Percentage
- Breakdown of Premium by Distribution Channel -Agents,
- Bancassurance, Brokers, Employees, Solicitors, and Others
- (includes corresponding Graph/Chart)
- A Recent Past Market Scenario
- Auto Insurance Market
- Duration of Medical Insurance Coverage
- Insurance Fraud Costs Dear
- Initiatives in Web-Based Insurance Services
- Focus on Select South Korean Players
- Kyobo Life Insurance Co., Ltd. - Leading Life Insurer in Korea.
- Samsung Life Insurance
- Shinhan Bank
10. Sri Lanka
Life Insurance Market
- Table 65: Leading Players in the Sri Lankan Life Insurance
- Industry (2003) - Gross Written Premium in US$ Million for
- Sri Lanka, Ceylinco, Eagle, Union, and Janashakthi (includes
- corresponding Graph/Chart)
Non-Life Insurance Market
- Table 66: Leading Players in the Sri Lankan Non-Life
- Insurance Industry (2003) - Gross Written Premium in US$
- Million for Sri Lanka, Ceylinco, Janashakthi, Union, and
- Eagle (includes corresponding Graph/Chart)
11. Taiwan
- Table 67: Taiwanese Recent Past, Current & Future Analysis
- for Insurance Industry by Segment - Life and Non-Life Markets
- Independently Analyzed with Annual Premium Income in NT$
- Billion for the Years 2006 through 2010 (includes
- corresponding Graph/Chart)
- Table 68: Taiwanese 5 -Year Perspective for Insurance Industry
- by Segment - Percentage Breakdown of Premium Income for Life
- and Non-Life Markets for 2006, 2008, and 2010 (includes
- corresponding Graph/Chart)
- Table 69: Taiwanese Insurance Industry (2006): Per Capita
- Premium in US$, and Penetration of Insurance by Category -
-
Life and Non-Life
Market Overview
- Opportunity to Expand to Mainland China Sparks Insurance Industry Growth
Establishment of Appointed Actuary System to Boost Growth
Risk-Based Capital Mechanism Launched
Central Insurance Offers Abduction Insurance for Taiwanese Businessmen
Tokio Marine Merges with Newa Insurance Co., Offers Typhoon Insurance
- Table 70: Taiwanese Insurance Industry (2005): Benefits Paid
in NT$ Billion by Domestic Insurance Companies by Type
-Annuity, Death, Disability, Dread Disease, Maturity,
Medical, Surrender, Survivor Benefit, and Others (includes
corresponding Graph/Chart)
Table 71: Taiwanese Insurance Industry (2005): Benefits Paid
in NT$ Million by Foreign Insurance Companies by Type
-Disability, Death, Dread Disease, Maturity, Medical,
Surrender, Survivor Benefit, and Others (includes
corresponding Graph/Chart)
Table 72: Taiwanese Insurance Industry (2005): Reinsurance
Claims Paid in NT$ Million by Category - Life, Automobile,
Fire, Fishing Vessel, Marine Cargo, Marine Hull, Personal
Accident, and Miscellaneous (includes corresponding
Graph/Chart)
Life Insurance Sector
- Table 73: Taiwanese Life Insurance Market (2007 & 2008):
- Percentage Breakdown of Premiums by Category for Individual
- Life Insurance, Health Insurance, Accident Insurance, and
- Annuity Insurance (includes corresponding Graph/Chart)
- Table 74: Taiwanese Life Insurance Industry (2006):
- Percentage Breakdown of Premiums by Type - Accident, Annuity,
- Health, Life, and Group Insurance (includes corresponding
- Graph/Chart)
- Table 75: Taiwanese Life Insurance Industry (2005): Premium
- Income in NT$ Billion by Domestic and Foreign Companies by
- Sector - Accident, Annuity, Health, Life, and Group
- Insurance (includes corresponding Graph/Chart)
- Table 76: Taiwanese Life Insurance Industry (2005): Premium
- Income in NT$ Billion by Domestic and Foreign Companies for
- Individual Life (Endowment, Pure Endowment, Insurance
- Against Death), and Individual Annuity (Deferred Annuity,
- Immediate Annuity) (includes corresponding Graph/Chart)
-
Interest Rate Environment Restricts Growth of Life Insurance
- Products
Key Players
- Table 77: Leading Players in Taiwanese Life Insurance
Industry (2005): Percentage Market Share of Premiums by
Company - Cathay Life, Chunghwa, Fubon Life, ING Life, Nan
Shan Life, Shin Kong Life, and Others (includes
corresponding Graph/Chart)
Table 78: Taiwanese Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for
Cathay Life, Nan Shan Life, Shin Kong Life, Chungwa Post,
ING Life, Fubon Life, Mass Mutual Mercuries, Kuo Hua Life,
AZPL, and China Life (includes corresponding Graph/Chart)
Table 79: Leading Players in the Taiwanese Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Cathay Life, Nan Shan Life, Shin Kong Life, ING Life, and
Kuo Hua Life (includes corresponding Graph/Chart)
Non-Life Insurance Sector
- General Insurance Sector Set to Witness Buoyant Times
- Table 80: Taiwanese Non-life Insurance Market (2007 & 2008):
Percentage Breakdown of Premium Income by Category for
Automobile, Fire, Marine Cargo, Engineering, Marine Hull,
Aviation, and Miscellaneous Casualty Insurance (includes
corresponding Graph/Chart)
Table 81: Taiwanese Non-Life Insurance Industry (2006):
Direct Written Premiums and Retained Premiums in NT$ Million
by Sector - Auto, Aviation, Fire, Marine, and Other
Property & Casualty
Table 82: Taiwanese Non-Life Insurance Industry (2006):
Direct Written Premiums and Retained Premiums in NT$
Million by Domestic Companies, and Foreign Companies
Market Players - The Strategies
Market Leaders
- Table 83: Leading Players in Taiwanese Non-Life Insurance
Industry (2005 & 2006): Percentage Market Share of Premiums
by Company - Cathay Century, Central, Chung Kuo, the First,
Fubon, Mingtai, Shin Kong, South China, Tai Ping, Taian,
Taiwan Fire, Tokio Marine Newa, and Others (includes
corresponding Graph/Chart)
Table 84: Taiwanese Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Fubon, Mingtai, Shin Kong, Union, Cathay Century,
Central, Taian, Zurich, Chung Kuo, and Newa (includes
corresponding Graph/Chart)
Table 85: Taiwanese Non-Life Insurance Industry (2003): Net
Premium and Net Losses in NT$ Million for Domestic and
Foreign Companies
Table 86: Leading Players in the Taiwanese Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Fubon, Mingtai, Shin Kong, Central, and Cathay
Century (includes corresponding Graph/Chart)
Assessing Earthquake Exposure - A Key Development During Early 2000s
12. Thailand
Market Overview
Insurance Sector Representation
- Table 87: Thai Recent Past, Current & Future Analysis for
- Insurance Industry by Segment - Life and Non-Life Markets
- Independently Analyzed with Annual Premium Income in Billion
- Baht for the Years 2005 through 2010 (includes corresponding
- Graph/Chart)
- Table 88: Thai 6 -Year Perspective for Insurance Industry by
- Segment - Percentage Breakdown of Premium Income for Life and
- Non-Life Insurance Markets for 2005, 2008, and 2010
- (includes corresponding Graph/Chart)
Thai Insurance Industry - Obstacles and Issues
Group Policies - Exhibiting Fantastic Growth
Low Return on Investments Cast Shadow on New Business
- Table 89: Thai Insurance Industry (2005 & 2006): Benefits
- Paid in Million Baht by Category - Annuity, Accident &
- Disability, Death, Health, Maturity, Surrender, and Others
- (includes corresponding Graph/Chart)
Life Insurance Sector
- Table 90: Thai Life Insurance Market (2007): Premiums in
- Billion Baht by Group & Individual Category - Main Policy,
- Health Rider, Accident Rider, Other Rider, and Personal
- Accident (includes corresponding Graph/Chart)
Major Players
- Table 91: Leading Players in Thai Life Insurance Market (2006 &
- 2007): Percentage Breakdown of Direct Premiums by Company -
- A.I.A, Thai Life Insurance, Ayudhya Allianz C.P Life,
- Muang Thai Life, Siam Commercial New York, Bangkok Life,
- Ocean Life, and Others (Including Krungthai Axa Life, ING
- Life Limited, and Finansa Life Assurance) (includes
- corresponding Graph/Chart)
- Table 92: Thai Life Insurance Industry (2003): Gross Written
- Premium in US$ Million by Leading Companies for AIA, Thai
- Life, Ayudhya Allianz C.P., Bangkok, Ocean, Muang Thai, Siam
- Commercial, Nationwide, Zurich National, and South East
- (includes corresponding Graph/Chart)
- Table 93: Leading Players in the Thai Life Insurance Industry
- (2002) - Gross Written Premium in US$ Million for AIA, Thai
- Life, Ayudhya CMG, Bangkok, and Ocean (includes
- corresponding Graph/Chart)
Non-Life Insurance Sector
- Table 94: Thai Non-life Insurance Market (2006 & 2007):
- Percentage Breakdown of Net Written Premiums by Line of
- Business - Automobile (Voluntary, & Compulsory), Fire, Marine
- & Transportation, and Miscellaneous* (includes corresponding
- Graph/Chart)
- Table 95: Leading Players in Thai Non-Life Insurance Market
- (2006): Percentage Breakdown of Direct Premiums by Company -
- Viriyah Insurance, Sampanth Insurance, Bangkok Insurance,
- Synmunkong Insurance, The Safety Insurance, LMG Insurance,
- Thanachart Insurance, Liberty Insurance, Mittare Insurance,
- Dhipaya Insurance and Others (includes corresponding
- Graph/Chart)
- Table 96: Thai Non-life Insurance Market (2006 & 2007):
- Percentage Breakdown of the Sum Insured in Billion Baht by
- Line of Business - Marine & Transportation, Industrial (All
- Risks), Personal Accident, Fire, Automobile, and
- Miscellaneous* (includes corresponding Graph/Chart)
- Table 97: Thai Non-Life Insurance Industry (2003): Gross
- Written Premium in US$ Million by Leading Companies for
- Viriyah, Dhipaya, Bangkok, Sampanth, Deves, Synmunkong, The
- Safety, New Hampshire, Aviva, and Commercial (includes
- corresponding Graph/Chart)
- Table 98: Leading Players in the Thai Non-Life Insurance
- Industry (2002) - Gross Written Premium in US$ Million for
- Viriyah, Dhipaya, Bangkok, Deves, and The Safety (includes
- corresponding Graph/Chart)
A Recent Past Market Scenario
- Life Insurance in New Millennium
- Non-Life Sector Lagging Behind
- The Reforms
- Investment Returns
- Joint Ventures on the Rise
13. Vietnam
Market Overview
Insurance Sector Representation
- Table 99: Vietnamese Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life
Markets Independently Analyzed with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart)
Table 100: Vietnamese 5 -Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Insurance Markets for 2005, 2007, and
2009 (includes corresponding Graph/Chart)
Table 101: Insurance Market in Vietnam: Premium in US$
Million and Premium/GDP for the Period 1997-2002 (includes
corresponding Graph/Chart)
Industry Structure
- Major Categories of Insurance
- Life Insurance Sector Witnesses Decline
- Insurance Business Suffers from Lack of Domestic Brokers
Stiff Competition Brewing
- Players and the Potential
- State Insurer Feels the Pinch
- Leading Insurance Companies/Groups Active in Vietnam
Entry of Foreign Companies
- Foreign Insurers Make Mark in Vietnamese Insurance Market
- Foreign Insurers Increasingly Rely on Joint Ventures to Enter Vietnamese Market
- Foreign Insurers Queue Up to Enter Vietnam Life Market
- The Present and Future
The Obligatory Social Insurance
Life Insurance Market
Key Market Characteristics
Key Players
- Table 102: Leading Players in the Life Insurance Industry
- of Vietnam (2004): Percentage Market Share by Company -
- AIA, Bao Minh CMg, BaoViet, Manulife, and Prudential
- (includes corresponding Graph/Chart)
- Table 103: Leading Players in the Life Insurance Industry
- of Vietnam (2003): Percentage Share Breakdown by Premium
- for BaoViet, Prudential, and Manulife (includes
- corresponding Graph/Chart)
- Table 104: Leading Players in the Life Insurance Industry
- of Vietnam (2001) - Gross Written Premium in US$ Million
- for Bao Viet, Prudential, Manulife, AIA, and Bao Minh CMG
- (includes corresponding Graph/Chart)
Non-Life Insurance Sector
- Leading Players
- Table 105: Leading Players in the Non-Life Insurance
- Industry of Vietnam (2004): Percentage Market Share by
- Company - Allianz, Bao Minh, BIDV-QBE, BaoViet, PJICO, PTI,
- PVI, Samsung-Vina, UIC, VIA, and Others (includes
- corresponding Graph/Chart)
- Table 106: Leading Players in the Non-Life Insurance
- Industry of Vietnam (2003): Percentage Share Breakdown by
- Premium for BaoViet, BaoMinh, PJICO, PV Insurance, and
- Others (includes corresponding Graph/Chart)
- Table 107: Leading Players in the Non-Life Insurance
- Industry of Vietnam (2001) - Gross Written Premium in US$
- Million for Bao Viet, Bao Minh, PVIC, PJICO, and PTI
- (includes corresponding Graph/Chart)
-
- Vietnamese Insurance Industry - A Recent Past Perspective
-
- Unfair Competition Moves
- Senior Executives Get Training in International Practices
Focus on Select Vietnamese Players
- Baominh-CMG
- BaoViet (Vietnam Insurance Corp.)
14. Product Launches
Allianz Life Launches Capital Protected Plan II
SLFP Introduces Sachetized Insurance Packages
Jerneh Insurance Launches Management Corporation Strata Title Insurance Scheme
MITA and Kurnia Form Partnership for Providing New Insurance Scheme
Lloyd’s to Introduce Islamic Insurance Polices
15. Recent Industry Activity
AIG Forms Alliance with Seoul Guarantee
ERGO Acquires Stake in Daum Direct Auto Insurance
Kookmin Bank to Divest Interest in ING Life Insurance
HSBC Insurance to Acquire Stake in Hana’s Life Insurance Subsidiary
Hainan Airlines to Form Joint Venture with SKLI of Taiwan
PAC Partners with TIA Technology to Gain Greater Market Share in Malaysia
DRB-HICOM to Divest Interests in Insurance Businesses
AXA Enters into Strategic Partnership with Bao Minh Insurance
Bao Minh Insurance and Federal Insurance Enter into Agreement
Allied Bank to Increase Stake in New York Life Insurance
Aviva Obtains Regulatory Consent for Joint Venture in Taiwan
HSBC Establishes Life Insurance Company in Taiwan
AEGON & Taishin Enters into Joint Venture
Allianz to Take Over Commerce Assurance
Bumiputra to Divest Stake
Manila Electric to Acquire Insurance Firm
Allianz to Divest Stake in Hana Life Insurance
AXA to Acquire 75% Stake in Kyobo Auto
Allianz to Buy Remaining Stake in Allianz President
Aviva to Form JV with FFHC
ACE Enters Vietnam’s Non-Life Sector
Cardif, Seabank and Vietcombank to Form Joint Venture
Indonesian Govt to Divest Stake in Two Companies
Boustead Holdings to Buy 45% Stake in Royal & SunAlliance Insurance
Allied Bank and Lucio Tan Group to Buy NY Life Insurance
Qatar Company to Acquire Sampanh Insurance
AIG Buys Out Central Insurance
Prudential Secures License for Islamic Insurance
AXA Takes Over Two Insurers in Asia
HSBC and AIG Collaborate to Provide Joint Insurance in Indonesia
CIGNA to Buy Stake in Thai Charoen Insurance
QBE Buys Stake in Allianz
OCBC Bank (M) Bhd Partners with Pacific Insurance
ISM Enters into Collaborative Agreement with SAS
Malaysian Insurance Institute Launches MII e-Academy
Aviva Takes Over Stake in Eagle Insurance of Sri Lanka
Standard Chartered and Eagle Insurance Form Alliance
Insurance Australia Acquires Stake in Safety Insurance
Navakij Insurance to Acquire Ocean General’s Underwriting Portfolio
AIG Direct Marketing to Acquire Central Insurance
Nanshan Life to Foray in Vietnamese Insurance Market
Bangkok Bank Acquires 10% Stake in People Insurance of China Corporate
Hyundai Eyes the US Market
Mapfre Insular Insurance - A Philippino-Spanish Venture Takes Wings
UMRe Merges with National Re
Samsung Establishes Wholly Owned Subsidiary in China
Met Life Inc Divests Unit in Indonesia
Aon Acquires Remaining Stake in Aon Inchibrok
BaoViet and BaoMinh Join Hands
Millea Acquires Allianz President General
Aon Risk Acquires Wrightson Ltd
Finansa Public Acquires Nationwide Life Assurance
Promina’s Vero Forms Joint Venture with CTIL
16. Strategic Corporate Developments in Recent Past
PIC Acquires 95% Stake in Equitable PCI
Allianz Buys 49% Stake in JV with AGF Insurance
Manulife Financial Concludes an Acquisition Agreement with Chinfon Global
Sun Insurance Acquires Stake in Genins India
Bank of Philippine Islands Merges Insurance Subsidiaries
Crawford Opens Office in New Zealand
AIA Signs Contract with Asia Commercial Bank
Asia Commercial Bank and Prudential Vietnam Sign Cooperation Agreement
First Fire & Marine Insurance Signs Deal With Sunwards Industrial
BaoViet Signs Agreement with Vietnam Bank for Investment and Development
Dabur CGU Life Insurance Acquires Insurance Corp. of Singapore
Bank of Philippines Islands and Mitsui Marine and Fire Insurance Sign an MoU
OAMPS Insurance Brokers Acquire Policies of Harts One to One Insurance Solutions
GAB Robins Opens Representative Office in China
Aquila Forges Partnership with Macquarie Bank
Kub Tekstil Signs MOU with Kurnia Insurans
AbstractThe Emerging Insurance Markets of Asia-Pacific Report provides insightful analysis, market briefs, industry structure and outlook of life and non-life insurance (including auto and property) industries in select countries of the region. The report provides a compilation and discussion on recent spate of mergers & acquisitions and other industry activities, which have irreversibly changed the landscape of the industry. The report also peeps into the recent past/ historical perspective of few country’s insurance markets and corporate developments within the industry. A regional level discussion also looks into the leading companies’ footing in these markets along with their annual written premiums and/ or market shares. Markets briefly abstracted and covered in the report include Bangladesh, Indonesia, Malaysia, Mauritius, Mongolia, New Zealand, Pakistan, Philippines, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam. The report discusses many key and niche players such as PT Asuransi Tokio Marine Indonesia, PT Panin Insurance, PT Tugu Pratama, Kyobo Life Insurance Co., Ltd., Samsung Life Insurance, Shinhan Bank, Baominh-CMG, and BaoViet.
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