Asia Pacific Insurance Market Outlook to 2015
Driving Home the Global Demand
February 2011
92
About the Report
About the Report
The Report titled "Asia Pacific Insurance Market Outlook to 2015 - Surge in Insurance Density, Key Medium for Growth" provides an in-depth analysis of the Asia Pacific insurance industry. The report covers specific insights on the market size, insurance density, insurance penetration and segmentation, drivers and restraints, recent trends and developments and future outlook of the insurance industry in Asia Pacific and in couple of countries including the South Asia Pacific and Morocco. The report also entails the market size on the basis of gross insurance premium written in case of life and non-life insurance and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire Asia Pacificn insurance industry.
Insurance Industry in Asia Pacific
Asia Pacificn insurance market is dominated by life insurance segments with ~ % of the insurance premium written in 2009. The distribution channels have also evolved in the region with new medium of bancassurance gaining more popularity. Distribution channel of Brokers and Agents have continued to remain strong with new association coming up in the region.
South Asia Pacific is the largest insurance market in Asia Pacific which contributed approximately ~ % of the insurance premium in the region. Since the South Asia Pacific market is in the growing and developing stage, the growth in the Asia Pacificn insurance market is supported by the country's growth.
The density level of both life and non-life insurance sector is low in the region (USD ~ in 2009). This is largely due to insufficient awareness about the insurance policies, its working, structure and significance in the region.
South Asia Pacific
Life insurance market in South Asia Pacific is highly developed in terms of the distribution channel, technology and expertise. Life insurance premium written in the country was valued at USD ~ million. It has decreased by ~% in 2009 from USD ~ million in 2008 due to the financial turmoil. It is expected that South Asia Pacific will require some time to recover and is expected to get back on track from 2011 onwards. It is estimated that life insurance market will reach USD ~ million by 2011 and USD ~ million by 2015.
Morocco
Morocco insurance market is in the developing and growing stage with gross insurance premium of USD ~ million in 2009. The market has witnessed an historical average growth rate of ~ % from 2001 to 2009. The insurance premium of the country contributed approximately ~ % to the insurance premium of Asia Pacific region.
With over ~ million population of Morocco, nearly USD ~ per person was spent on the life insurance policies in 2009. It has approximately increased ~ times from the density level of USD ~ in 2001. It is expected that with the population of ~ million in 2010, the density will be USD ~ in 2010. It is projected to reach to USD ~ by 2015, registering an expected 6 year CAGR of ~ % from 2009 to 2015.
Scope of Research
The report entails thorough analysis, drivers, restraints and market opportunities for insurance industry in the Asia Pacific. The scope of the report includes:
The market size of life and non-life insurance industry in terms of gross insurance premium written for Asia Pacific and 2 countries (South Asia Pacific and Morocco) 2001 to 2015
Life and Non-life insurance density in USD for Asia Pacific and for 2 countries, 2001 to 2015
Life and Non-life insurance penetration, premium as a percentage of GDP for Asia Pacific and for 2 countries, 2001 to 2015
Market segmentation on the basis of Geography and on the basis of Product for Asia Pacific and major 2 countries, 2009 and 2015
Competitive Landscape of the major life and non-life insurers (Wafa Assurance, RMAWatanya, Axa Assurance Maroc, RMAWatanya, Old Mutual, Momentum Group, Santam, Mutual & Federal) in various countries on the basis of gross premium written
In-depth analysis of trends and developments, drivers, restraints and future outlook of the insurance industry in Asia Pacific and the major 2 countries
Market opportunities and Future Outlook of the insurance industry in Asia Pacific and major 2 countries.
Products
Products
Life insurance, non-life insurace, insurance density, insurance penetration, motor insurance, health insurance, property insurance
Companies
AMP, MLC, LIC, New India, Samsung, Korea, PICC, PING AN, MS & AD Insurance Group Holdings, Tokyo Marine
Table of Contents
Table of Contents
1. Asia Pacific Insurance Market
List of Figure
Figure 1: Asia Pacific Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
List of Table
Table 1: Asia Pacific Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
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