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Life and Pensions Competitor Tracker Q1 2009

Published by: Datamonitor

Published: May. 22, 2009 - 264 Pages


Table of Contents


Overview
Catalyst
Summary
Methodology
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 Q1 2009
The life and pensions market has observed several competitor developments and industry trends
Product innovations from life and pensions companies have focused on financial security and investments to suit the risk profile of today's customers
The market continues to be led by strong product innovation levels from Aviva and Manulife
Life and pensions companies are switching focus back to domestic markets but emerging markets remain vital
The first quarter of 2009 exposes a slower pace of competitor developments
The number of competitor developments in Q1 2009 totaled to 51 developments
Competitors have focused more on product innovations than M&A, partnerships and organic growth
Product innovations continues to outweigh customer targeting developments amongst providers
Product innovation in Q1 2009 has centered on protection insurance and life-based investment products compared to the previous quarter
Organic growth became slightly less visible in the market in Q1 2009
Competitor developments continue to occur on a global stage
PRODUCT INNOVATION AND CUSTOMER TARGETING
Allianz
Indonesia: Allianz Indonesia surpasses IDR1 billion from microinsurance business
Aviva
Turkey: AvivaSA Emeklilik ve Hayat introduces 'The future is in your hands'
France: Aviva introduces 5% guarantee in 2009 with Aviva Janvier 2010
Germany: Delta Lloyd expands its unit-linked product range
India: Aviva Life Insurance launches Aviva LifeShield Plus
UK: Norwich Union Healthcare adds two health and fitness club providers
UK: Aviva offers tailored packages and services to independent brokers
Axa
UK: Axa increases the age limit on its life cover
UK: Axa offers UK blue-chip equity income fund
Friends Provident
UK: Friends Provident enhances its critical illness cover
UK: Friends Provident simplifies its fund choice for pension scheme members
UK: Friends Provident's automated notification service available to advisers
UK: Friends Provident speeds up payment of Open Market Option transfer with Options
Liverpool Victoria
UK: LV= offers free critical illness cover to new income protection customers
Manulife Financial
Canada: Manulife introduces life and critical illness insurance coverage through Personal Benefits
Canada: Manulife Insurance launches lifestyle-relevant medical plan
Japan: Manulife Japan sells its individual variable annuity insurance product through The Bank of Yokohama
US: John Hancock Life Insurance launches its new Protection UL-G product
US: John Hancock launches its new Accumulation UL product
UK: John Hancock launches needs-based tools for long-term care (LTC) insurance marketing
Prudential US
US: PruLife Return of Premium Term now available in New York state
US: Prudential enhances annuity optional benefits
US: Prudential introduces new long-term care insurance
Scottish Widows
UK: Enhancements made to corporate pensions
Skandia
UK: Skandia International introduces a new deal for the New Year
UK: Skandia adds eight Pictet funds to investment platform
UK: Skandia launches PriceWatch, an online calculator for financial advisers
UK: Skandia offers new online healthcare service to clients
UK: Skandia obtains access to two new Castlestone funds
UK: Skandia plans to increase its passive funds
Zurich
US: Zurich enters into a Microinsurance collaboration with Women's World Banking
M&A, PARTNERSHIPS AND ORGANIC GROWTH
Allianz
Germany: Allianz reorganizes its banking business in Germany
Aviva
Netherlands: Delta Lloyd and ABN AMRO to continue their insurance joint venture
Australia: Aviva ties up with Wide Bay Australia to offer life insurance
Europe: Aviva to rebrand itself in the UK, Poland and Ireland
BNP Paribas
Taiwan: Taiwan Cooperative Bank and BNP Paribas Assurance establish BNP Paribas Assurance TCB Life Insurance Company
Belgium: New terms governing the acquisition of Fortis's activities
CNP Assurances
Greece: CNP Assurances completes agreement with Marfin Popular bank
France: Caisse Nationale des Caisses Epargne to transfer its CNP Assurances shares to the central body of the merged Caisses d'Epargne and Banques Populaires groups
Friends Provident
India: Friends Provident signs deal with Wipro
ING
Canada: ING completes the sale of ING Canada
Taiwan: ING completes the sale of Taiwanese life insurance business to Fubon Financial Holding
Lincoln National
US: Lincoln Financial Group enters into a reinsurance agreement with Commonwealth Annuity and Life Insurance Company
Liverpool Victoria
UK: LV= Broker division expands network in Birmingham
UK: Capita acquires Hero insurance services
Manulife Financial
Japan: Manulife Japan sells Yume-no-Teikibin through Bank of Tokyo-Mitsubishi UFJ
China: Manulife-Sinochem inaugurates its new sales office in Mianyang
Old Mutual
US: Old Mutual's US life offshore business to close to new business
Prudential
Taiwan: Prudential to transfer agency force and assets and liabilities of agency distribution business in Taiwan to China Life Insurance
Prudential US
Japan: Gibraltar Life signs a definitive agreement to serve as reorganization sponsor for Yamato Life
US: New York Metropolitan Transportation Authority selects Prudential Retirement as its third party service provider
The Co-operative Bank
UK: Britannia and Co-operative to merger
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: Total competitor developments in the first quarter of 2009 remain similar to the last quarter of 2008
Figure 2: Competitors have put similar degrees of focus on product innovations and, M&A, partnerships and organic growth
Figure 3: Product innovations feature more strongly than customer targeting
Figure 4: Product innovations to protection and investments feature more in Q1 2009
Figure 5: Competitors have shifted focus away from organic growth
Figure 6: Activities in emerging markets feature less among developments in Q1 2009

Abstract

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.


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