Rising Underwriting Capacity Driving The Asia Pacific Insurance Sector: Ken Research

1

© This is a licensed product of Ken Research and should not be copied

2


TABLE OF CONTENTS

1. Asia-Pacific Insurance Industry

1.1. Industry Introduction

1.2. Asia-Pacific Insurance Value Chain

1.3. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P

1.4. Asia-Pacific Insurance Market Segmentation

1.4.1. By Geography, 2005-2012P

1.4.2. By Life and Non Life, 2005-2012P

2. Japan Insurance Industry

2.1. Japan Insurance Market Size by Direct Written Premium, FY’2005-FY’2012

2.2. Japan Insurance Government Regulations

2.3. Japan Life Insurance Market

2.3.1. Japan Life Insurance Market Size, FY’2005-FY’2012

2.3.1.1. Japan Life Insurance Segmentation, FY’2005-FY’2012

2.3.2. Market Share of Major Life Insurers in Japan, FY’2012

2.3.3. Japan Life Insurance Market Future Outlook and Projections, FY’ 2013-FY’2016

2.4. Japan Non-Life Insurance Market

2.4.1. Japan Non-Life Insurance Market Size, FY’2005-FY’2012

2.4.2. Japan Non Life Distribution Channel, FY’2010-FY’2012

2.4.3. Non-Life Insurance Segmentation, FY’2005-FY’2012

2.4.3.1. Japan Automobile Insurance Industry

2.4.3.1.1. Japan Automobile Insurance Market Size and Introduction, FY’2005-FY’2012

2.4.3.1.2. Automobile Insurance Segmentation, FY’2005-FY’2012

2.4.3.1.3. Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry in Japan, FY’2012

3


2.4.3.1.4. Japan Automobile Insurance Market Future Outlook and Projection, FY’2013-FY’2016

2.4.3.2. Japan Fire Insurance Industry

2.4.3.2.1. Japan Fire Insurance Market Size and Introduction, FY’2005-FY’2012

2.4.3.2.2. Market Share of Domestic and Foreign Insurers in Fire Insurance Industry in Japan, FY’2012

2.4.3.2.3. Japan Fire Insurance Market Future Outlook and Projections, FY’2013-FY’2016

2.4.4. Japan Personal Accident Insurance Industry

2.4.4.1. Japan Personal Accident Insurance Market Size and Introduction, FY’2005-FY’2012

2.4.4.2. Market Share of Domestic and Foreign Insurers in Personal Accident Insurance Industry in Japan, FY’2012

2.4.4.3. Japan Personal Accident Insurance Market Future Outlook and Projections, FY’2013-FY’2016

2.4.5. Japan Marine and Inland Transit Insurance Industry

2.4.5.1. Japan Marine and Inland Transit Insurance Market Size and Introduction, FY’2005-FY’2012

2.4.5.2. Marine and Inland Transit Insurance Segmentation, FY’2005-FY’2012

2.4.5.3. Market Share of Domestic and Foreign Insurers in Marine and Inland Transit Insurance Industry in Japan, FY’2012

2.4.5.4. Japan Marine and Inland Transit Insurance Market Future Outlook and Projections, FY’2013-FY’2016

2.4.6. Japan Miscellaneous Casualty Insurance Industry

2.4.6.1. Japan Miscellaneous Casualty Insurance Market Size and Introduction, FY’2005-FY’2012

2.4.6.2. Miscellaneous Casualty Insurance Segmentation, FY’2005-FY’2012

2.4.6.3. Market Share of Domestic and Foreign Insuerers in Miscellaneous Casualty Insurance Industry in Japan, FY’2012

2.4.6.4. Japan Miscellaneous Casualty Insurance Market Future Outlook and Projections, FY’2013-FY’2016

4


2.4.7. Japan Non-Life Insurance Market Future Outlook and Projections, FY’2013-FY’2016

2.4.8. Japan Insurance Industry Future Outlook and Projections, FY’2013-FY’2016

2.4.9. Company Profile of Major Players in Japan Life Insurance Industry

2.4.9.1. Japan Post Insurance

Company Profile

Business Strategies

Financial Performance

2.4.9.2. Nippon Life Insurance

Company Overview

Business Strategies


2.4.9.3. Meiji Yasuda Life Insurance

Company Overview

Business Strategies


2.4.10. Company Profile of Major Players in Japan Non-Life Insurance Industry

2.4.10.1. MS&AD Insurance

Company Overview

Business Strategies


2.4.10.2. NKSJ Holdings

Company Overview

Business Strategies


2.4.10.3. Tokio Marine and Nichido Fire

Company Overview

5


Business Strategies


2.4.11. Japan Insurance Industry Macro-Economic Indicators: Historical and Projections

2.4.11.1. Japan Population, 2005-2016

2.4.11.2. GDP Performance in Japan, 2005-2016

2.4.11.3. Healthcare Expenditure of Japan, 2005-2016

2.4.11.4. Total Vehicle in-Use in Japan, 2005-2016

3. China Insurance Industry

3.1. China Insurance Market Size by Direct Written Premium, 2005-2012

3.2. China Government Regulations in Insurance Industry

3.3. China Life Insurance Market

3.3.1. China Life Insurance Market Size, 2005-2012

3.3.1.1. China Life insurance Claim Paid, 2005-2012

3.3.2. Market Share of Major Life Insurers in China, 2012

3.3.3. Company Profile of Major Players in China Life Insurance Industry

3.3.3.1. China Life Insurance

Company Profile

Business Strategies


3.3.3.2. Ping An Life Insurance

Company Profile

Business Strategies


3.3.3.3. New China Life Insurance

Company Profile

Business Strategies

6



3.3.4. China Life Insurance Market Future Outlook and Projections, 2013-2016

3.4. China Non-Life Insurance Market

3.4.1. China Non-Life Insurance Market Size, 2005-2012

3.4.2. Non-Life Insurance Segmentation, 2005-2012

3.4.2.1. China Property and Casualty Insurance Industry

3.4.2.1.1. China Property and Casualty Insurance Market Size, 2005-2012

3.4.2.1.2. China Property and Casualty insurance Claim Paid, 2005-2012

3.4.2.1.3. Property and Casualty Insurance Segmentation, 2005-2012

3.4.2.1.4. Market Share of Major Property and Casualty Insurers in China, 2012

3.4.2.1.5. China Property and Casualty Insurance Market Future Outlook and Projections, 2013-2016

3.4.2.2. China Motor Insurance Industry

3.4.2.2.1. China Motor Insurance Market Size, 2005-2012

3.4.2.2.2. China Motor Insurance Market Future Outlook and Projections, 2013-2016

3.4.2.3. China Commercial Property Insurance Industry

3.4.2.3.1. China Commercial Property Insurance Market Size, 2005-2012

3.4.2.3.2. China Commercial Property Insurance Market Future Outlook and Projections, 2013-2016

3.4.2.4. China Agricultural Insurance Industry

3.4.2.4.1. China Agricultural Insurance Market Size, 2005-2012

3.4.2.4.2. China Agricultural Insurance Market Future Outlook and Projections, 2013-2016

3.4.2.5. China Liability Insurance Industry

3.4.2.5.1. China Liability Insurance Market Size, 2005-2012

3.4.2.5.2. China Liability Insurance Market Future Outlook and Projections, 2013-2016

3.4.2.6. China Credit Insurance Industry

3.4.2.6.1. China Credit Insurance Market Size, 2005-2012

7


3.4.2.6.2. China Credit Insurance Market Future Outlook and Projections, 2013-2016

3.4.2.7. China Accident Insurance Industry

3.4.2.7.1. China Accident Insurance Market Size, 2005-2012

3.4.2.7.2. China Accident Insurance Market Future Outlook and Projections, 2013-2016

3.4.2.8. China Cargo Insurance Industry

3.4.2.8.1. China Cargo Insurance Market Size, 2005-2012

3.4.2.8.2. China Cargo Insurance Market Future Outlook and Projections, 2013-2016

3.4.2.9. China Health Insurance Industry

3.4.2.9.1. China Health Insurance Market Size, 2005-2012

3.4.2.9.2. China Health insurance Claim Paid, 2005-2012

3.4.2.9.3. China Health Insurance Market Future Outlook and Projections, 2013-2016

3.4.3. Market Share of Major Non Life Insurers in China, 2011

3.4.4. Company Profile of Major Players in China Non-Life Insurance Industry

3.4.4.1. Public Insurance Company of China (PICC)

Company Profile

Business Strategies


3.4.4.2. China Pacific Insurance (CPIC)

Company Profile

Business Strategies


3.4.5. China Non-Life Insurance Market Future Outlook and Projections, 2013-2016

3.5. China Insurance Industry Future Projections, 2013-2016

3.6. China Insurance Industry Macro-Economic Indicators: Historical and Projections

3.6.1. China Population, 2005-2016

3.6.2. GDP of China, 2005-2016

8


3.6.3. Healthcare Expenditure of China, 2005-2016

3.6.4. Total Vehicle in Use in China, 2007-2016

4. South Korea Insurance Industry

4.1. South Korea Insurance Market Size by Direct Written Premium, FY’2005-FY’2012P

4.2. South Korea Insurance Government Regulations

4.3. South Korea Life Insurance Market

4.3.1. South Korea Life Insurance Market Size, FY’2005-FY’2012P

4.3.2. Life Insurance Segmentation, FY’2005-FY’2012P

4.3.3. Market Share of Domestic and Foreign Insurers in Life Insurance Industry in South Korea, FY’2011

4.3.4. Company Profile of Major Players in South Korea Life Insurance Industry

4.3.4.1. Samsung Life

Company Profile

Business Strategies


4.3.4.2. Hanwha Life

Company Profile

Business Strategies

4.3.4.3. Kyobo Life

Company Profile

Business Strategies


4.3.5. South Korea Life Insurance Market Future Outlook and Projections, FY’2013-FY’2016

4.4. South Korea Non-Life Insurance Market

4.4.1. South Korea Non-Life Insurance Market Size, FY’2005-FY’2012P

4.4.2. South Korea Non Life Distribution Channel, FY’ 2005-FY’2011

9


4.4.3. Non-Life Insurance Segmentation, FY’2005-FY’2012P

4.4.3.1. South Korea Long Term Insurance Industry

4.4.3.1.1. South Korea Long Term Insurance Market Size, FY’2005-FY’2012P

4.4.3.1.2. Long Term Insurance Segmentation, FY’2005-FY’2012P

4.4.3.1.3. South Korea Long Term insurance Claim Paid, FY’2005-FY’2011

4.4.3.1.4. Market Share of Domestic and Foreign Insurers in Long Term Insurance Industry in South Korea, FY’2011

4.4.3.1.5. South Korea Long Term insurance Market Future Outlook and Projections, FY’2013-FY’2016

4.4.3.2. South Korea Automobile Insurance Industry

4.4.3.2.1. South Korea Automobile Insurance Market Size, FY’2005-FY’2012P

4.4.3.2.2. Automobile Insurance Segmentation, FY’2005-FY’2012P

4.4.3.2.3. South Korea Automobile insurance Claim Paid, FY’2005-FY’2011

4.4.3.2.4. Market Share of Domestic and Foreign Insuerers in Automobile Insurance Industry in South Korea, FY’2011

4.4.3.2.5. South Korea Automobile insurance Market Future Outlook and ProjectionS, Fy’2013-FY’2016

4.4.3.3. South Korea Casualty Insurance Industry

4.4.3.3.1. South Korea Casualty Insurance Market Size, FY’2005-FY’2012P

4.4.3.3.2. South Korea Casualty insurance Claim Paid, FY’2005-FY’2012P

4.4.3.3.3. Market Share of Domestic and Foreign Insurers in Casualty Insurance Industry in South Korea, FY’2011

4.4.3.3.4. South Korea Casualty insurance Market Future Outlook and Projections, FY’2013-FY’2016

4.4.3.4. South Korea Guarantee Insurance Industry

4.4.3.4.1. South Korea Guarantee Insurance Market Size, FY’2005-FY’2012P

4.4.3.4.2. South Korea Guarantee insurance Claim Paid, FY’2005-FY’2011

10


4.4.3.4.3. Market Share of Domestic and Foreign Insurers in Guarantee Insurance Industry in South Korea, FY’2011

4.4.3.4.4. South Korea Guarantee insurance Market Future Outlook and Projections, FY’2013-FY’2016

4.4.3.5. South Korea Marine Insurance Industry

4.4.3.5.1. South Korea Marine Insurance Market Size, FY’2005-FY’2012P

4.4.3.5.2. South Korea Marine insurance Claim Paid, FY’2005-FY’2011

4.4.3.5.3. Market Share of Domestic and Foreign Insurers in Marine Insurance Industry in South Korea, FY’2011

4.4.3.5.4. South Korea Marine insurance Market Future Outlook and Projections, FY’2013-FY’2016

4.4.3.6. South Korea Fire Insurance Industry

4.4.3.6.1. South Korea Fire Insurance Market Size, FY’2005-FY’2012P

4.4.3.6.2. South Korea Fire insurance Claim Paid, FY’2005-FY’2011

4.4.3.6.3. Market Share of Domestic and Foreign Insurers in Fire Insurance Industry in South Korea, FY’2011

4.4.3.6.4. South Korea Fire insurance Market Future Outlook and Projections, FY’2013-FY’2016

4.4.4. Market Share of Major Non Life Insurers in South Korea, FY’2011

4.4.5. Company Profile of Major Players in South Korea Non-Life Insurance Industry

4.4.5.1. Hyundai Marine and Fire Insurance

Company Profile

Business Strategies


4.4.5.2. LIG Insurance

Company Profile

Business Strategies


11


4.4.6. South Korea Non-Life Insurance Market Future Outlook and Projections, FY’2013-FY’2016

4.5. South Korea Insurance Industry Future Outlook and Projections, FY’2013-FY’2016

4.6. South Korea Insurance Industry Macro-Economic Indicators: Historical and Projections

4.6.1. South Korea Population, 2005-2016

4.6.2. GDP of South Korea, 2005-2016

4.6.3. Healthcare Expenditure of South Korea, 2005-2016

4.6.4. Total Vehicle Production in South Korea, 2005-2016

5. Taiwan Insurance Industry

5.1. Taiwan Insurance Market Size by Direct Written Premium, 2005-2012P

5.2. Taiwan Insurance Government Regulation

5.3. Taiwan Life Insurance Market

5.3.1. Taiwan Life Insurance Market Size, 2005-2012P

5.3.2. Taiwan Life Insurance Distribution Channel, 2009-2011

5.3.3. Life Insurance Segmentation, 2005-2012P

5.3.4. Market Share of Major Life Insurers in Taiwan, 2011

5.3.5. Company Profile of Major Players in Taiwan Life Insurance Industry

5.3.5.1. Cathay Life

Company Profile

Business Strategies


5.3.5.2. Fubon Life

Company Profile

Business Strategies


5.3.5.3. Nan Shan Life

12


Company Profile

Business Strategies


5.3.6. Taiwan Life Insurance Market Future Outlook and Projections, 2013-2016

5.4. Taiwan Non-Life Insurance Market

5.4.1. Taiwan Non-Life Insurance Market Size, 2005-2012P

5.4.2. Non-Life Insurance Segmentation, 2005-2012P

5.4.2.1. Taiwan Automobile Insurance Industry

5.4.2.1.1. Taiwan Automobile Insurance Market Size, 2005-2012P

5.4.2.1.2. Automobile Insurance Segmentation, 2005-2012P

5.4.2.1.3. Market Share of Major Automobile Insurers in Taiwan, 2011

5.4.2.1.4. Taiwan Automobile insurance Market Future Outlook and Projections, 2013-2016

5.4.2.2. Taiwan Property and Casualty Insurance Industry

5.4.2.2.1. Taiwan Property and Casulaty Insurance Market Size, 2005-2012P

5.4.2.2.2. Property and Casualty Insurance Segmentation, 2005-2012P

5.4.2.2.3. Market Share of Major Property and Casulaty Insurers in Taiwan, 2011

5.4.2.2.4. Taiwan Property and Casualty insurance Market Future Outlook and Projections, 2013-2016

5.4.2.3. Taiwan Fire Insurance Industry

5.4.2.3.1. Taiwan Fire Insurance Market Size, 2005-2012P

5.4.2.3.2. Taiwan Fire Insurance Market Future Outlook and Projections, 2013-2016

5.4.2.4. Taiwan Marine Insurance Industry

5.4.2.4.1. Taiwan Marine Insurance Market Size, 2005-2012P

5.4.2.4.2. Marine Insurance Segmentation, 2005-2012P

5.4.2.4.3. Taiwan Marine insurance Market Future Outlook and Projections, 2013-2016

5.4.2.5. Taiwan Aviation Insurance Industry

13


5.4.2.5.1. Taiwan Aviation Insurance Market Size, 2005-2012P

5.4.2.5.2. Taiwan Aviation Insurance Market Future Outlook and Projections, 2013-2016

5.4.3. Market Share of Major Non Life Insurers in Taiwan, 2011

5.4.4. Company Profile of Major Players in Taiwan Non-Life Insurance Industr

5.4.4.1. Shinkong Insurance

Company Profile

Business Strategies


5.4.4.2. MSIG Mingtai Insurance

Company Profile

Business Strategies


5.4.5. Taiwan Non-Life Insurance Market Future Outlook and Projections, 2013-2016

5.5. Taiwan Insurance Industry Future Projections, 2013-2016

5.6. Taiwan Insurance Industry Macro-Economic Indicators: Historical and Projections

5.6.1. Taiwan Population, 2005-2016

5.6.2. GDP of Taiwan, 2005-2016

5.6.3. Healthcare Expenditure of Taiwan, 2005-2016

5.6.4. Total number of Vehicle in Use in Taiwan, 2005-2016

6. India Insurance Industry

6.1. India Insurance Market Size by Direct Written Premium, FY’2005-FY’2012

6.2. India Insurance Government Regulations

6.3. India Life Insurance Market

6.3.1. India Life Insurance Market Size, FY’2005-FY’2012

6.3.2. Life Insurance Segmentation, FY’2005-FY’2012

6.3.3. Market Share of Major Life Insurers in India, FY’2012

14


6.3.4. Company Profile of Major Players in India Life Insurance Industry

6.3.4.1. Life Insurance Corporation

Company Profile

Business Strategies


6.3.4.2. ICICI Prudential

Company Profile

Business Strategies


6.3.4.3. SBI Life

Company Profile

Business Strategies


6.3.5. India Life Insurance Market Future Outlook and Projections, FY’2013-FY’2016

6.4. India Non-Life Insurance Market

6.4.1. India Non-Life Insurance Market Size, FY’2005-FY’2012


6.4.2.1. India Motor Insurance Industry

6.4.2.1.1. India Motor Insurance Market Size, FY’2005-FY’2012

6.4.2.1.2. Motor Insurance Segmentation, 2005-2012

By Public and Private Motor Insurance Direct Written Premium, FY’2005-FY’2012

BY Motor Own Damage and Motor Third Party Insurance Direct Written Premium, FY’2010-FY’2012

6.4.2.1.3. India Automobile Insurance Distribution Channel, FY’ 2010-FY’2012

6.4.2.1.4. Market Share of Major Motor Insurers in India, FY’2012

6.4.2.1.5. India Motor insurance Market Future Outlook and Projection, FY’2013-FY’2016

15


6.4.2.2. India Health Insurance Industry

6.4.2.2.1. India Health Insurance Market Size, FY’2005-FY’2012

6.4.2.2.2. Health Insurance Segmentation, FY’2005-FY’2012

6.4.2.2.3. India Health Insurance Distribution Channel, FY’ 2010-FY’2012

6.4.2.2.4. Market Share of Major Health Insurers in India, FY’2012

6.4.2.2.5. India Health insurance Market Future Outlook and Projections, FY’2013-FY’2016

6.4.2.3. India Fire Insurance Industry

6.4.2.3.1. India Fire Insurance Market Size, FY’ 2005-FY’2012

6.4.2.3.2. Fire Insurance Segmentation, FY’2005-FY’2012

6.4.2.3.3. India Fire Insurance Distribution Channel, FY’ 2010-FY’2012

6.4.2.3.4. Market Share of Major Fire Insurers in India, FY’2012

6.4.2.3.5. India Fire insurance Market Future Outlook and Projections, FY’2013-FY’2016

6.4.2.4. India Marine Insurance Industry

6.4.2.4.1. India Marine Insurance Market Size, FY’2005-FY’2012

6.4.2.4.2. Marine Insurance Segmentation

By Public and Private Insurance Direct Written Premium, FY’2005-FY’2012

By Marine Cargo and Marine Hull Insurance Direct Written Premium, Fy’2010-FY’2012

6.4.2.4.3. India Marine Insurance Distribution Channel, FY’ 2010-FY’2012

6.4.2.4.4. Market Share of Major Marine Insurers in India, FY’2012

6.4.2.4.5. India Marine insurance Market Future Outlook and Projections, FY’2013-FY’2016

6.4.2.5. India Miscellaneous Insurance Industry

6.4.2.5.1. India Miscellaneous Insurance Market Size, FY’2005-FY’2012

6.4.2.5.2. Miscellaneous Insurance Segmentation, FY’2005-FY’2012

By Public and Private Insurance Direct Written Premium, FY’2005-FY’2012

By Crop, Personal Accident and Liability Insurance Direct Written Premium, Fy’2010-FY’2012

16


6.4.2.5.3. India Miscellaneous Insurance Distribution Channel, FY’ 2010-FY’2012

6.4.2.5.4. Market Share of Major Miscellaneous Insurers in India, FY’2012

Market Share of Major Personal Accident Insurers in India, FY’2012

6.4.2.5.5. India Miscellaneous insurance Market Future Outlook and Projections, FY’2013-FY’2016

6.4.3. Market Share of Major Non Life Insurers in India, FY’2012

6.4.4. Company Profile of Major Players in India Non-Life Insurance Industry

6.4.4.1. New India Assurance

Company Profile

Business Strategies


6.4.4.2. United India Insurance

Company Profile

Business Strategies


6.4.4.3. India Non-Life Insurance Market Future Outlook and Projections, FY’2013-FY’2016

6.5. India Insurance Industry Future Projections, FY’2013-FY’2016

6.6. India Insurance Industry Macro-Economic Indicators: Historical and Projections

6.6.1. India Population, 2005-2016

6.6.2. GDP of India, 2005-2016

6.6.3. Healthcare Expenditure of India, 2005-2016

6.6.4. Total number of Vehicle in Use in India, 2005-2016

7. Australia Insurance Industry

7.1. Australia Insurance Market Size by Direct Written Premium, FY’2005-FY’2012

7.2. Australia Insurance Government Regulations

7.3. Australia Life Insurance Market

17


7.3.1. Australia Life Insurance Market Size, FY’2005-FY’2012

7.3.2. Australia Life Insurance Market Future Outlook and Projections, FY’2013-FY’2016

7.3.3. Company Profile of Major Players in Australia Life Insurance Industry

7.4. Australia Non-Life Insurance Market

7.4.1. Australia Non-Life Insurance Market Size, FY’2005-FY’2012


7.4.2.1. Australia Health Insurance Industry

7.4.2.1.1. Australia Health Insurance Market Size, FY’2005-FY’2012

7.4.2.1.2. Market Share of Major Health Insurers in Australia, FY’2012

7.4.2.1.3. Australia Health Insurance Market Future Outlook and Projections, FY’2013-FY’2016

7.4.2.2. Australia Motor Vehicle Insurance Industry

7.4.2.2.1. Australia Motor Vehicle Insurance Market Size, FY’2005-FY’2012

7.4.2.2.2. Motor Vehicle Insurance Segmentation, FY’2005-FY’2012

7.4.2.2.3. Market Share of Major Motor Vehicle Insurers in Australia, FY’2012

7.4.2.2.4. Australia Motor Vehicle insurance Market Future Outlook and Projections, FY’2013-FY’2016

7.4.2.3. Australia Household Insurance Industry

7.4.2.3.1. Australia Household Insurance Market Size, FY’2005-FY’2012

7.4.2.3.2. Market Share of Major Household Insurers in Australia, FY’2012

7.4.2.3.3. Australia Household Insurance Market Future Outlook and Projections, FY’2013-FY’2016

7.4.2.4. Australia Liability Insurance Industry

7.4.2.4.1. Australia Liability Insurance Market Size, FY’2005-FY’2012

7.4.2.4.2. Liability Insurance Segmentation, FY’2005-FY’2012

7.4.2.4.3. Australia Liability insurance Market Future Outlook and Projections, FY’2013-FY’2016

18


7.4.2.5. Australia Fire and ISR Insurance Industry

7.4.2.5.1. Australia Fire and ISR Insurance Market Size, FY’2005-FY’2012

7.4.2.5.2. Australia Fire and ISR Insurance Market Future Outlook and Projections, FY’2013-FY’2016

7.4.3. Market Share of Major Non Life Insurers in Australia, FY’2012

7.4.4. Company Profile of Major Players in Australia Non-Life Insurance Industry

7.4.4.1. Suncorp Group

Company Profile

Business Strategies


7.4.4.2. Insurance Australia Group

Company Profile

Business Strategies


7.4.5. Australia Non-Life Insurance Market Future Outlook and Projections, FY’2013-FY’2016

7.5. Australia Insurance Industry Future Projections, FY’2013-FY’2016

7.6. Australia Insurance Industry Macro-Economic Indicators: Historical and Projections

7.6.1. Australia Population, 2005-2016

7.6.2. GDP of Australia, 2005-2016

7.6.3. Healthcare Expenditure of Australia, 2005-2016

7.6.4. Total number of Vehicle in Use in Australia, 2005-2016

8. Asia-Pacific Insurance Industry Trends and Developments

9. Asia-Pacific Insurance Industry Future Outlook

9.1. Cause and Effect Relationship Between Dependent and Independent Factors Prevailing in Asia-Pacific Insurance Market

9.2. Asia-Pacific Insurance Industry Future Projections

9.2.3. By Geography, 2013-2016

19


9.2.4. By Life and Non Life, 2013-2016

10. Appendix

10.1. Market Definitions

10.2. Abbreviations

10.3. Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Final Conclusion

10.4. Disclaimer

20


LIST OF FIGURES

Figure 1: Insurance Value Chain

Figure 2: Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 3: Asia-Pacific Insurance Market Segmentation by Life and non Life on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 4: Japan Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 5: Japan Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 6: Japan life Insurance Market Segmentation by Individual Insurance and Annuities, Group Insurance and Annuities and Others on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 7: Market Share of Major Life Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 8: Japan Life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 9: Japan Non Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 10: Japan Non life Insurance Distribution Channel by Agents, Direct Sales and Broker on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012

Figure 11: Japan Non life Insurance Market Segmentation by Automobile, Fire, Personal Accident, Miscellaneous Casualty, Marine and Inland Transit on the Basis of Direct Written Premium in Percentage, 2005-2012

Figure 12: Japan Automobile Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 13: Japan Automobile Insurance Market Size on the Basis of Net Written Premium in USD Million, FY’2005-FY’2012

Figure 14: Japan Automobile Insurance Market Segmentation by Voluntary Automobile, and Compulsory Automobile Liability on the Basis of Direct Written Premium in Percentage, 2005-2012

21


Figure 15: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 16: Japan Fire Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 17: Japan Fire Insurance Market Size on the Basis of Net Written Premium in USD Million, 2005-2012

Figure 18: Market Share of Domestic and Foreign Insurers in Fire Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 19: Japan Fire Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 20: Japan Personal Accident Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 21: Japan Personal Accident Insurance Market Size on the Basis of Net Written Premium in USD Million, FY’2005-FY’2012

Figure 22: Market Share of Domestic and Foreign Insurers in Personal Accident Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 23: Japan Personal Accident Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 24: Japan Marine and Inland Transit Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 25: Japan Marine and Inland Transit Insurance Market Size on the Basis of Net Written Premium in USD Million, FY’2005-FY’2012

Figure 26: Japan Marine and Inland Transit Insurance Market Segmentation by Marine Cargo and Hull and Inland Transit Insurance on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 27: Market Share of Domestic and Foreign Insurers in Marine and Inland Transit Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 28: Japan Miscellaneous Casualty Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 29: Japan Miscellaneous Casualty Insurance Market Size on the Basis of Net Written Premium in USD Million, FY’2005-FY’2012

Figure 30: Market Share of Domestic and Foreign Insurers in Miscellaneous Casualty Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2012

22


Figure 31: Japan Miscellaneous Casualty Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 32: Japan Non life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 33: Japan Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 34: Japan Life Insurance Premium Income of Japan Post Insurance in USD Million, FY’2008-FY’2012

Figure 35: Japan Life Insurance Premium Income of Nippon Life Insurance in USD Million, FY’2005-FY’2012

Figure 36: Japan Life Insurance Premium Income of Meiji Yasuda Life Insurance in USD Million, FY’2005-FY’2012

Figure 37: Japan Life Insurance Net Premium Written of MS&AD Insurance in USD Million, FY’2008-FY’2012

Figure 38: Japan Life Insurance Net Written Premium of NSJK Holdings Insurance in USD Million, FY’2010-FY’2012

Figure 39: Japan Non-Life Insurance Net Written Premium of Tokio Marine and Nichido Fire Insurance in USD Million, FY’2005-FY’2012

Figure 40: Japan Population in Million, 2005-2016

Figure 41: GDP of Japan in USD Million, 2005-2016

Figure 42: Healthcare Expenditure of Japan in USD Million, 2005-2016

Figure 43: Total Vehicle in-Use in Japan in Million, 2005-2016

Figure 44: China Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 45: China Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 46: China Life Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 47: Market Share of Major Life Insurers on the Basis of Direct Written Premium in Percentage, 2012

Figure 48: China Life Insurance Net Written Premium of China Life Insurance Company in USD Million, 2006-2012

23


Figure 49: China Life Insurance Premium Income of Ping An Life Insurance in USD Million, 2008-2012

Figure 50: China Life Insurance Premium Income of New China Life Insurance in USD Million, 2006-2012

Figure 51: China Life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 52: China Non Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 53: China Non life Insurance Market Segmentation by Property and Casualty and Health Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012

Figure 54: China Property and Casualty Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 55: China Property and Casualty Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 56: China Property and Casualty Insurance Market Segmentation by Motor, Commercial Property, Agricultural, Liability, Credit, Accident, Cargo and Others Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012

Figure 57: Market Share of Major Property and Casualty Insurers on the Basis of Direct Written Premium in Percentage, 2012

Figure 58: China Property and Casualty Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 59: China Motor Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 60: China Motor Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 61: China Commercial Property Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 62: China Commercial Property Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 63: China Agricultural Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 64: China Agricultural Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

24


Figure 65: China Liability Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 66: China Liability Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 67: China Credit Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 68: China Credit Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 69: China Accident Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 70: China Accident Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 71: China Cargo Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 72: China Cargo Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 73: China Health Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 74: China Health Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012

Figure 75: China Health Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 76: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in Percentage, 2011

Figure 77: China Life Insurance Premium Income of Public Insurance Company of China in USD Million, 2005-2011

Figure 78: China Life Insurance Gross Written Premium of China Pacific Insurance in USD Million, 2008-2011

Figure 79: China Non life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 80: China Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 81: China Population in Million, 2005-2016

25


Figure 82: GDP of China in USD Million, 2005-2016

Figure 83: Healthcare Expenditure of China in USD Million, 2005-2016

Figure 84: Total Vehicle in Use in China in Million, 2007-2016

Figure 85: South Korea Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Figure 86: South Korea Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Figure 87: South Korea life Insurance Market Segmentation by General and Separate Account on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012P

Figure 88: Market Share of Domestic and Foreign Insurers in Life Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2011

Figure 89: South Korea Life Insurance Premium Income of Samsung Life in USD Million, FY’2005-FY’2011

Figure 90: South Korea Life Insurance Premium Income of Kyobo Life in USD Million, FY’2006-FY’2011

Figure 91: South Korea Life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 92: South Korea Non Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Figure 93: South Korea Non life Insurance Distribution Channel by Agents, Solicitors, Company Employees, Bank, Broker and Insurance Pools on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2011

Figure 94: Japan Non life Insurance Market Segmentation by Long Term, Automobile, Casualty, Guarantee, Marine, Fire and others on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012P

Figure 95: South Korea Long Term Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Figure 96: South Korea Long Term Insurance Market Segmentation by Personal Accident, Health, Property and Others on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012P

Figure 97: South Korea Long Term Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2011

26


Figure 98: Market Share of Domestic and Foreign Insurers in Long Term Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2011

Figure 99: South Korea Automobile Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Figure 100: South Korea Automobile Insurance Market Segmentation by Voluntary and Compulsory Auto Liability Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 101: South Korea Automobile Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2011

Figure 102: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2011

Figure 103: South Korea Casualty Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Figure 104: South Korea Casualty Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2011

Figure 105: Market Share of Domestic and Foreign Insurers in Casualty Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2011

Figure 106: South Korea Casualty Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 107: South Korea Guarantee Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Figure 108: South Korea Guarantee Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2011

Figure 109: Market Share of Domestic and Foreign Insurers in Guarantee Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2011

Figure 110: South Korea Guarantee Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 111: South Korea Marine Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 112: South Korea Marine Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2011

Figure 113: Market Share of Domestic and Foreign Insurers in Marine Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2011

27


Figure 114: South Korea Marine Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 115: South Korea Fire Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 116: South Korea Fire Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2011

Figure 117: Market Share of Domestic and Foreign Insurers in Fire Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2011

Figure 118: South Korea Fire Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 119: Market Share of Major Insurers in Non Life Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2011

Figure 120: South Korea Non-Life Insurance Direct Written Premium of Hyundai Marine and Fire Insurance in USD Million, FY’2005-FY’2011

Figure 121: South Korea Non-Life Insurance Direct Written Premium of LIG Insurance in USD Million, FY’2007-FY’2012

Figure 122: South Korea Non life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 123: South Korea Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 124: South Korea Population in Million, 2005-2016

Figure 125: GDP of South Korea in USD Million, 2005-2016

Figure 126: Healthcare Expenditure of South Korea in USD Million, 2005-2016

Figure 127: Total Vehicle Production in South Korea in Million, 2005-2016

Figure 128: Taiwan Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 129: Taiwan Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 130: Taiwan Life Insurance Distribution Channel by Banks, Solicitors and Others on the Basis of Direct Written Premium in Percentage, 2009-2011

Figure 131: Taiwan life Insurance Market Segmentation by Life and Annuity on the Basis of Direct Written Premium in Percentage, 2005-2012P

28


Figure 132: Market Share of Major Life Insurers on the Basis of Direct Written Premium in Percentage, 2011

Figure 133: Taiwan Life Insurance Premium Income of Cathay Life Insurance in USD Million, 2005-2011

Figure 134: Taiwan Life Insurance Premium Income of Fubon Life Insurance in USD Million, 2005-2011

Figure 135: Taiwan Life Insurance Premium Income of Nan Shan Life Insurance in USD Million, 2005-2011

Figure 136: Taiwan Non Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 137: Taiwan Non life Insurance Market Segmentation by Health, Accident, Automobile, Fire, Marine, Aviation and Property and Casualty on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 138: Taiwan Automobile Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 139: Taiwan Automobile Insurance Market Segmentation by Voluntary and Compulsory Motor Liability Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 140: Market Share of Major Automobile Insurers on the Basis of Direct Written Premium in Percentage, 2011

Figure 141: Taiwan Property and Casualty Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 142: Taiwan Property and Casualty Insurance Market Segmentation by Accident, Liability, Engineering, Credit, Health and Others on the Basis of Direct Written Premium in Percentage, 2005-2012P

Figure 143: Market Share of Major Property and Casualty Insurers on the Basis of Direct Written Premium in Percentage, 2011

Figure 144: Taiwan Fire Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 145: Taiwan Fire Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 146: Taiwan Marine Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 147: Taiwan Marine Insurance Market Segmentation by Marine Cargo, Marine Hull and Fishing Vessel on the Basis of Direct Written Premium in Percentage, 2005-2012P

29


Figure 148: Taiwan Aviation Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Figure 149: Taiwan Aviation Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 150: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in Percentage, 2011

Figure 151: Taiwan Non-Life Insurance Direct Written Premium of Shinkong Insurance in USD Million, 2005-2011

Figure 152: Taiwan Non-Life Insurance Direct Written Premium of MSIG Mingtai Insurance in USD Million, 2005-2011

Figure 153: Taiwan Non life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 154: Taiwan Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Figure 155: Taiwan Population in Million, 2005-2016

Figure 156: GDP of Taiwan in USD Million, 2005-2016

Figure 157: Healthcare Expenditure of Taiwan in USD Million, 2005-2016

Figure 158: Total Number of Vehicle in Use in Taiwan in Million, 2005-2016

Figure 159: India Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 160: India Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 161: India life Insurance Market Segmentation by Public and Private Insurers on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 162: India life Insurance Market Segmentation by Renewal and First Premium on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 163: Market Share of Major Life Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 164: India Life Insurance Premium Income of Life Insurance Corporation in USD Million, FY’2005-FY’2012

Figure 165: India Life Insurance Premium Income of ICICI Prudential in USD Million, FY’2005-FY’2012

30


Figure 166: India Life Insurance Premium Income of SBI Life in USD Million, FY’2005-FY’2012

Figure 167: India Life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 168: India Non Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 169: Life Non life Insurance Market Segmentation by Motor, Health, Fire, Marine and Others on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 170: India Motor Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 171: India Motor Insurance Market Segmentation by Private and Public Insurance on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 172: India Motor Insurance Market Segmentation by Motor Own Damage and Motor Third Party Insurance on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012

Figure 173: India Motor Insurance Market Distribution Channel by Individual Agent, Direct Business, Brokers, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012

Figure 174: Market Share of Major Motor Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 175: India Health Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 176: India Health Insurance Market Segmentation by Public, Private and Standalone Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012

Figure 177: India Health Insurance Market Distribution Channel by Direct Business, Individual Agent, Brokers, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012

Figure 178: Market Share of Major Health Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

. Figure 179: India Fire Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 180: India Fire Insurance Market Segmentation by Public and Private Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012

31


Figure 181: India Fire Insurance Market Distribution Channel by Direct Business, Individual Agent, Brokers, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012

Figure 182: Market Share of Major Fire Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 183: India Marine Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 184: India Marine Insurance Market Segmentation by Public and Private Insurance on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 185: India Marine Insurance Market Segmentation by Marine Cargo and Hull Insurance on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012

Figure 186: India Marine Insurance Market Distribution Channel by Direct Business, Broker, Individual Agent, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012

Figure 187: Market Share of Major Marine Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 188: India Miscellaneous Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 189: India Miscellaneous Insurance Market Segmentation by Public and Private Insurance on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 190: India Miscellaneous Insurance Market Segmentation by Crop, Personal Accident, Liability and Other Insurance on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012

Figure 191: India Miscellaneous Insurance Market Distribution Channel by Direct Business, Individual Agent, Broker, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012

Figure 192: Market Share of Major Miscellaneous Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 193: Market Share of Major Personal Accident Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 194: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 195: India Non-Life Insurance Direct Written Premium of New India Assurance in USD Million, FY’2005-FY’2012

32


Figure 196: India Non-Life Insurance Direct Written Premium of United India Insurance in USD Million, FY’2005-FY’2012

Figure 197: India Non life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 198: India Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2012-2016

Figure 199: India Population in Million, 2005-2016

Figure 200: GDP of India in USD Million, 2005-2016

Figure 201: Healthcare Expenditure of India in USD Million, 2005-2016

Figure 202: Total Number of Vehicle in Use in India in Million, 2005-2016

Figure 203: Australia Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 204: Australia Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 205: Australia Life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 206: Australia Non Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 207: Australia Non life Insurance Market Segmentation by Health, Motor Vehicle, Household, liability, Fire and ISR and Others on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 208: Australia Health Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 209: Market Share of Major Non Life Insurers on the Basis of Number of Policies in Percentage, FY’2012

Figure 210: Australia Health Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 211: Australia Motor Vehicle Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 212: Australia Motor Vehicle Insurance Market Segmentation by Domestic, CTP and Commercial Motor Vehicle Insurance on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

33


Figure 213: Market Share of Major Motor Vehicle Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 214: Australia Household Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 215: Market Share of Major Household Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 216: Australia Household Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 217: Australia Liability Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 218: Australia Liability Insurance Market Segmentation by Public and Product Liability, Employers Liability and Professional Indemnity Insurance on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Figure 219: Australia Fire and ISR Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Figure 220: Australia Fire and ISR Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 221: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Figure 222: Australia Non-Life Insurance Gross Written Premium of Suncrop Group in USD Million, FY’2011-FY’2012

Figure 223: Australia Non-Life Insurance Gross Written Premium of Insurance Australia Group in USD Million, FY’2005-FY’2012

Figure 224: Australia Non life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 225: Australia Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Figure 226: Australia Population in Million, 2005-2016

Figure 227: GDP of Australia in USD Million, 2005-2016

Figure 228: Healthcare Expenditure of Australia in USD Million, 2005-2016

Figure 229: Total Number of Vehicle in Use in Australia in Million, 2005-2016

34


LIST OF TABLES

Table 1: Asia-Pacific Insurance Market Segmentation by Countries on the Basis of Direct Written Premium in USD Billion, 2005-2012P

Table 2: Asia-Pacific Insurance Market Segmentation by Life and Non Life on the Basis of Direct Written Premium in USD Billion, 2005-2012P

Table 3: Japan life Insurance Market Segmentation by Individual Insurance and Annuities, Group Insurance and Annuities and Others on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Table 4: Market Share of Major Life Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 5: Japan Non life Insurance Market Segmentation by Agents, Direct Sales and Broker on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012

Table 6: Japan Automobile Insurance Market Segmentation by Voluntary Automobile, and Compulsory Automobile Liability on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Table 7: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2012

Table 8: Japan Automobile Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 9: Market Share of Domestic and Foreign Insurers in Fire Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2012

Table 10: Market Share of Domestic and Foreign Insurers in Personal Accident Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2012

Table 11: Japan Marine and Inland Transit Insurance Market Segmentation by Marine Cargo and Hull and Inland Transit Insurance on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Table 12: Market Share of Domestic and Foreign Insurers in Marine and Inland Transit Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2012

Table 13: Japan Marine and Inland Transit Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

35


Table 14: Japan Miscellaneous Casualty Insurance Market Segmentation on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012

Table 15: Japan Miscellaneous Casualty Insurance Market Segmentation on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Table 16: Market Share of Domestic and Foreign Insurers in Miscellaneous Casualty Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2012

Table 17: Market Share of Major Life Insurers on the Basis of Direct Written Premium in USD Million, 2012

Table 18: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in USD Million, 2011

Table 19: Market Share of Major Property and Casualty Insurers on the Basis of Direct Written Premium in USD Million, 2012

Table 20: South Korea life Insurance Market Segmentation by General and Separate Account on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Table 21: Market Share of Domestic and Foreign Insurers in Life Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2011

Table 22: South Korea Non life Insurance Market Segmentation by Agents, Direct Sales and Broker on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2011

Table 23: Market Share of Major Insurers in Non Life Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2011

Table 24: South Korea Long Term Insurance Market Segmentation by Personal Accident, Health, Property and Others on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Table 25: Market Share of Domestic and Foreign Insurers in Long Term Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2011

Table 26: South Korea Long Term Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Table 27: South Korea Automobile Insurance Market Segmentation by Voluntary and Compulsory Auto Liability Insurance on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Table 28: Market Share of Domestic and Foreign Insurers in Automobile Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2011

36


Table 29: South Korea Automobile Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Table 30: Market Share of Domestic and Foreign Insurers in Casualty Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2011

Table 31: Market Share of Domestic and Foreign Insurers in Casualty Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2011

Table 32: Market Share of Domestic and Foreign Insurers in Marine Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2011

Table 33: Market Share of Domestic and Foreign Insurers in Fire Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2011

Table 34: Taiwan life Insurance Market Segmentation by Life and Annuity on the Basis of Direct Written Premium in USD Million, 2005-2011

Table 35: Market Share of Major Life Insurers on the Basis of Direct Written Premium in USD Million, 2011

Table 36: Taiwan Life Insurance Distribution Channel by Banks, Solicitors and Others on the Basis of Direct Written Premium in USD Million, 2009-2011

Table 37: Taiwan Life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 38: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in USD Million, 2011

Table 39: Taiwan Automobile Insurance Market Segmentation by Voluntary and Compulsory Motor Liability Insurance on the Basis of Direct Written Premium in USD Million, 2005-2012P

Table 40: Market Share of Major Automobile Insurers on the Basis of Direct Written Premium in USD Million, 2011

Table 41: Taiwan Automobile Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 42: Taiwan Property and Casualty Insurance Market Segmentation by Accident, Liability, Engineering, Credit, Health and Others on the Basis of Direct Written Premium in USD Million, 2005-2012P

Table 43: Market Share of Major Property and Casualty Insurers on the Basis of Direct Written Premium in USD Million, 2011

37


Table 44: Taiwan Property and Casualty Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 45: Taiwan Marine Insurance Market Segmentation by Marine Cargo, Marine Hull and Fishing Vessel on the Basis of Direct Written Premium in USD Million, 2005-2012P

Table 46: Taiwan Marine Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 47: Top Insurance Product of the Leading Insurance Companies in India

Table 48: Difference between ULIP and Traditional Policies

Table 49: India life Insurance Market Segmentation by Public and Private Insurers on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Table 50: India life Insurance Market Segmentation by Renewal and First Premium on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Table 51: Market Share of Major Life Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Table 52: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 53: India Motor Insurance Market Segmentation by Private and Public Insurance on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Table 54: India Motor Insurance Market Segmentation by Motor Own Damage and Motor Third Party Insurance on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012

Table 55: India Motor Insurance Market Distribution Channel by Individual Agent, Direct Business, Brokers, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012

Table 56: Market Share of Major Motor Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 57: India Motor Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Table 58: India Health Insurance Market Segmentation by Public, Private and Standalone Insurance on the Basis of Direct Written Premium in USD Million, 2005-2012

38


Table 59: India Fire Insurance Market Distribution Channel by Direct Business, Individual Agent, Brokers, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012

Table 60: Market Share of Major Health Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 61: India Health Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Table 62: India Fire Insurance Market Segmentation by Public and Private Insurance on the Basis of Direct Written Premium in USD Million, 2005-2012

Table 63: India Fire Insurance Market Distribution Channel by Direct Business, Individual Agent, Brokers, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012

Table 64: Market Share of Major Fire Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 65: India Fire Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Table 66: India Marine Insurance Market Segmentation by Public and Private Insurance on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Table 67: India Marine Insurance Market Segmentation by Marine Cargo and Hull Insurance on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012

Table 68: India Marine Insurance Market Distribution Channel by Direct Business, Broker, Individual Agent, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012

Table 69: Market Share of Major Marine Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 70: India Marine Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Table 71: India Marine Insurance Market Segmentation by Public and Private Insurance on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Table 72: India Miscellaneous Insurance Market Segmentation by Crop, Personal Accident, Liability and Other Insurance on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012

39


Table 73: India Miscellaneous Insurance Market Distribution Channel by Direct Business, Individual Agent, Broker, Corporate Agent, Referral Arrangements and Others on the Basis of Direct Written Premium in USD Million, FY’2010 -FY’2012

Table 74: Market Share of Major Miscellaneous Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 75: Market Share of Major Personal Accident Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 76: India Miscellaneous Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Table 77: New India Assurance Offices in India

Table 78: Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 79: Market Share of Major Non Life Insurers on the Basis of Number of Policies in Thousand Units, FY’2012

Table 80: Australia Motor Vehicle Insurance Market Segmentation by Domestic, CTP and Commercial Motor Vehicle Insurance on the Basis of Direct Written Premium in USD Million, 2005-2012

Table 81: Market Share of Major Motor Vehicle Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 82: Australia Motor Vehicle Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Table 83: Market Share of Major Household Insurers on the Basis of Direct Written Premium in USD Million, FY’2012

Table 84: Australia Liability Insurance Market Segmentation by Public and Product Liability, Employers Liability and Professional Indemnity Insurance on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012 ............................. Error! Bookmark not defined.

Table 85: Australia Liability Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Table 86: Company Profile of Major Players in Australia Life Insurance Industry, FY’2012

Table 87: Cause and Effect Relationship Analysis between Industry Factors and Expected Industry Prospects of Asia-Pacific Insurance Market

40


Table 88: Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 89: Asia-Pacific Insurance Market Projections by Life and Non Life on the Basis of Direct Written Premium in USD Million, 2013-2016

Table 90: Correlation Matrix of the India Insurance Industry

Table 91: Regression Coefficients Output of India Insurance Industry

41


ASIA-PACIFIC INSURANCE MARKET SIZE BY DIRECT WRITTEN PREMIUM, 2005-2012P

The insurance market in Asia-Pacific region has grown remarkably over the past few years due to the growth in the emerging markets such as China, Japan, India, Australia, Taiwan and South Korea. The countries in the Asia-Pacific region are at different stages of economic development unlike the European countries and the US which has created significant opportunities for the insurers in the region in order to serve the financial needs of the customers. The market in the region has grown at a CAGR of 11.9% from USD ~ million in 2005 to USD ~million in 2012…

Figure: Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

0.0

2,00,000.0

4,00,000.0

6,00,000.0

8,00,000.0

10,00,000.0

12,00,000.0

14,00,000.0

16,00,000.0

2005 2006 2007 2008 2009 2010 2011 2012P

USD

Mill

ion

42


China insurance industry is one of the predominant markets in the insurance industry in the Asia-Pacific region with a contribution of ~% of the direct written premium in the region in 2012.

ASIA-PACIFIC INSURANCE MARKET SEGMENTATION

BY GEOGRAPHY, 2005-2012P

Asia-Pacific insurance industry is majorly contributed by 6 major countries such as Japan, China, South Korea, Taiwan, India and Australia with the share of ~% in 2012. Japan insurance market

is the second largest in the world with the contribution of more than ~% in 2012…. The China insurance industry is one of the predominant markets in the insurance industry in the Asia-Pacific region with a contribution of ~% of the direct written premium in the region in 2012…

South Korea is the third largest market with a contribution of ~% in 2012. The country insurance sector is more

complicated with limited growth opportunities in comparison with the growing market in the region such as China and India…

Table: Asia-Pacific Insurance Market Segmentation by Countries on the Basis of Direct Written Premium in USD Billion, 2005-2012P

Countries 2005 2006 2007 2008 2009 2010 2011 2012P

Japan

China

South Korea

Taiwan

India

Australia

Hong Kong

Singapore

Thailand

Malaysia

Indonesia

43


Japan insurance industry is the second largest market in the world after the US and has experienced a direct written premium of USD ~ million in FY’2012

New Zealand

Philippines

Vietnam

Pakistan

Kazakhstan

Bangladesh

Sri Lanka

Total

JAPAN INSURANCE INDUSTRY

JAPAN INSURANCE MARKET SIZE BY DIRECT WRITTEN PREMIUM, FY’2005-FY’2012

Japan insurance industry is the second largest market in the world after the US. The country’s insurance market has increased at a CAGR of 10.4% from FY’2005-FY’2012 with the direct

written premium of USD ~ million in FY’2012 in comparison to USD ~ million in FY’2005… The insurance companies in Japan has experienced an increase of 2% in assets to JPY ~ million in FY’2012 in comparison to JPY ~ million in FY’2011 due to surge in

unrealized capital gains which has inclined the value of investment assets.

…In FY’2011, the country insurance market comprised of only ~ life insurance companies in comparison to ~ life insurers in the US. The non life insurance industry of the country consisted of ~ domestic players and ~ foreign insurers offering their products in FY’2011…

44


Figure: Japan Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Note:

FY ending- 31st March

Life Insurance is in Premium Income

Non-Life Insurance is in Direct Written Premium

JAPAN LIFE INSURANCE MARKET

JAPAN LIFE INSURANCE MARKET SIZE, FY’2005-FY’2012

…In FY’2011, approximately ~% of Japanese men are insured under the life insurance as compared to ~% of Japanese women...

The country’s life insurance companies are continuously diversifying sales channel such as selling products through in house sales representative, manned sales office, direct marketing and internet sales channel. In FY’2011, there are ~ sales representative, ~ tied agents and ~ insurance agencies….

0.0

1,00,000.0

2,00,000.0

3,00,000.0

4,00,000.0

5,00,000.0

6,00,000.0

7,00,000.0

FY'2005 FY'2006 FY'2007 FY'2008 FY'2009 FY'2010 FY'2011 FY'2012

USD

Mill

ion

45


The life insurance market can be grouped under three categories such as government-owned, private sector and foreign-owned organization. Japan Post Insurance is the leading government owned life insurance player in the country with the total assets of JPY ~ billion in FY’2012. In FY’2012 there are ~ private sector companies and ~ foreign-owned players in Japan life insurance market.

Figure: Japan Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Note:



1.1.1.1. MARKET SHARE OF MAJOR LIFE INSURERS IN JAPAN, FY’2012

Japan insurance industry is a concentrated market with top six players contributing around ~% of the total direct written premium in FY’2012.

Japan Post Insurance is the leading life insurance player in the country with the share of ~% and the direct written premium of USD ~ million in FY’2012…

Dai-ichi and Sumitomo remains at fourth and fifth position with the share of ~% and ~% respectively in FY’2012 followed by Aflac and Sony with the contribution of ~% and ~% respectively in FY’2012…

0.0

1,00,000.0

2,00,000.0

3,00,000.0

4,00,000.0

5,00,000.0

6,00,000.0


USD

Mill

ion

46


Figure: Market Share of Major Life Insurers on the Basis of Direct Written Premium in Percentage, FY’2012

Note:


JAPAN NON-LIFE INSURANCE MARKET

JAPAN NON-LIFE INSURANCE MARKET SIZE, FY’2005-FY’2012

…In FY’2012, there are ~ general insurance companies were operating in Japan market in which ~ insurers were licensed as domestic players including ~ foreign capital domestic insurers while 24 companies were licensed as foreign marketers. The net claim paid on all classes of insurance has increased by 27.5% to JPY ~ billion in FY’2012 from JPY ~ billion in FY’2011… The country general insurance companies have also witnessed a decline in total assets by ~% to JPY ~ billion in FY’2012 on account of the large claim payments were made for the Great East Japan earthquake and typhoons.

The country's non life insurance industry has experienced a decline in the number of agencies and sales staff by ~% and ~% respectively in FY’2012. In FY’2012, there were ~ general insurance agencies of domestic and foreign general insurers in Japan while these agencies have

Japan Post Insurance

Nippon

Meiji Yasuda

Dai-ichi

Sumitomo

Aflac

Sony

Others

47


employed ~ sales staff at the end of FY’2012. The number of agencies contributes approximately ~% of the direct written premium in FY’2012

Figure: Japan Non Life Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Note:


NON-LIFE INSURANCE SEGMENTATION, FY’2005-FY’2012

…In 2011, there are around ~ motor vehicles for every ~ residents in Japan which has witnessed an increase of ~% from 2010...

The automobile insurance segment of the general insurance industry was followed by a fire insurance segment which contributed around ~% of the total direct written premium of USD ~ million in FY’2012... In 2009, 46.5% of household had fire insurance while 23% had the additional earthquake insurance. The earthquake insurance coverage provides approximately ~% of what a fire insurance policy would cover.

…The contribution of miscellaneous casualty has increased in the last seven years from 9% in FY’2005 to ~% in FY’2012 on account of rising number of general liability insurance taken by an organization in order to protect their business from third party claims.

0.0

20,000.0

40,000.0

60,000.0

80,000.0

1,00,000.0

1,20,000.0


USD

Mill

ion

48


The marine and inland transit segments contributed around ~% of the overall general insurance market in FY’2012.

Figure: Japan Non life Insurance Market Segmentation by Automobile, Fire, Personal Accident, Miscellaneous Casualty, Marine and Inland Transit on the Basis of Direct Written Premium in Percentage, 2005-2012

Note: FY ending- 31st March

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%


In P

erce

ntag

e %

Marine and Inland Transit Miscellaneous Casualty Personal Accident Fire Automobile

49


JAPAN AUTOMOBILE INSURANCE INDUSTRY

JAPAN AUTOMOBILE INSURANCE MARKET SIZE AND INTRODUCTION, FY’2005-FY’2012

Japan automobile insurance industry is the leading contributor in the non life insurance segment with the direct written premium of USD ~ million in FY’2012.

… The country's automobile insurance industry has witnessed a growth of 2.5% from USD ~ million in FY’2011 to USD ~ million in FY’2012. The growth has been influenced by an incline in the number of vehicles in use from ~ thousand units in 2010 to ~ thousand units in 2011 due to improving economic conditions of the country…

Figure: Japan Automobile Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012


0.0

10,000.0

20,000.0

30,000.0

40,000.0

50,000.0

60,000.0


USD

Mill

ion

50


Figure: Japan Automobile Insurance Market Size on the Basis of Net Written Premium in USD Million, FY’2005-FY’2012


JAPAN INSURANCE INDUSTRY FUTURE OUTLOOK AND PROJECTIONS, FY’2013-FY’2016

The worst case scenario assumes…. The direct written premium of Japan insurance industry is expected to be USD ~ million in FY’2013 and will reach USD ~ million in FY’2016.

The best case scenario…. The market is expected to grow at a CAGR of 11.5% in the next years and is projected to record direct written premium of USD ~ million in FY’2016.

Figure: Japan Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016


0.0

10,000.0

20,000.0

30,000.0

40,000.0

50,000.0

60,000.0


USD

Mill

ion

0.0

2,00,000.0

4,00,000.0

6,00,000.0

8,00,000.0

10,00,000.0

12,00,000.0

FY'2013 FY'2014 FY'2015 FY'2016Worst Case Base Case Best Case

51


CHINA INSURANCE INDUSTRY

CHINA LIFE INSURANCE CLAIM PAID, 2005-2012

China has been the world’s most existent marketplace for global insurers for a decade and it looks set to retain its status in the near future. The country life insurance industry has experienced an incline in claim paid from USD ~ million in 2010 to USD ~ million in 2011. This is due to an occurrence of natural disaster in mainland China in the first half of 2011 resulted approximately ~ deaths and ~ people were missing. The death of around ~ people in the country has led to an increase in the claim paid for the life insurance companies in the country….

Figure: China Life Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012

Note:Life Insurance is in Premium Income

0.0

5,000.0

10,000.0

15,000.0

20,000.0

25,000.0

2005 2006 2007 2008 2009 2010 2011 2012

USD

Mill

ion

52


NON-LIFE INSURANCE SEGMENTATION, 2005-2012

…The country non life insurance market is dominated by property and casualty segment with the contribution of ~% in 2012. The main property and casualty insurance products sold in the country are automobile, commercial property, cargo, liability, agricultural and others. The motor vehicle is the leading contributor in property and casualty segment with the share of around ~% in 2012. The motor vehicle insurance is divided into two types such as compulsory liability and voluntary insurance. The second largest contributor in property and casualty segment is a property with the share of approximately ~% in 2012 followed by agricultural insurance with the share of ~% in 2012.

The health insurance market contributes 13.1% of the non life insurance industry in China in 2012. The private health insurance coverage in the country has expanded and now it covers approximately ~% of China’s population. The health insurance coverage in the country has grown at an impressive rate of ~% annually over the past 10 years. The number of health insurance plan in the country has also increased from around ~ in 2008 to over ~ in 2011.

Figure: China Non life Insurance Market Segmentation by Property and Casualty and Health Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012

Source: Insurance Association of China and Ken Research

Note:Non-Life Insurance is in Premium Income

0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%

100.0%

2005 2006 2007 2008 2009 2010 2011 2012

In P

erce

ntag

e %

Health Property and Casualty

53


CHINA COMMERCIAL PROPERTY INSURANCE INDUSTRY

CHINA COMMERCIAL PROPERTY INSURANCE MARKET SIZE, 2005-2012

The commercial insurance direct written premium has witnessed remarkable growth in the past three years from USD ~ million in 2009 to USD ~ million in 2011 on account of rising natural catastrophic risk in the country...

Figure: China Commercial Property Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012

Note:Commercial Property Insurance is in Premium Income

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

7,000.0

8,000.0

2005 2006 2007 2008 2009 2010 2011 2012

USD

Mill

ion

54


The separate account insurance has also experienced a growth of 13.5% to USD ~ million in FY’2011

SOUTH KOREA INSURANCE INDUSTRY

SOUTH KOREA LIFE INSURANCE MARKET

LIFE INSURANCE SEGMENTATION, FY’2005-FY’2012P

….The general account insurance has witnessed an increase in direct written premium of ~% from USD ~ million in FY’2010 to USD ~ million in FY’2011 due to the growth in premium income for pensions and endowment insurance. In FY’2011, the endowment insurance has experienced a growth of ~% with the premium income of KRW ~ million. The group term life insurance is offered to an individual of an age between 15-65 years with a waiting period of 1 year. This insurance policy needs to meet the guidelines of the ministry of finance and economy.

The separate account insurance has also experienced a growth of 13.5% to USD ~ million in FY’2011. The premium income of retirement insurance has witnessed a decline of ~% in FY’2011 from the previous year

while the corporate insurance has posted a growth of ~% to USD 4,123.2 million in FY’2011…

Figure: South Korea life Insurance Market Segmentation by General and Separate Account on the Basis of Direct Written Premium in Percentage, FY’2005-FY’2012P

Note:FY ending- 31st March


0.0

0.2

0.4

0.6

0.8

1.0

1.2

FY'2005 FY'2006 FY'2007 FY'2008 FY'2009 FY'2010 FY'2011 FY'2012P

In P

erce

ntag

e

Separate Account General Account

55


Table: South Korea life Insurance Market Segmentation by General and Separate Account on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012P

Segments FY’2005 FY’2006 FY’2007 FY’2008 FY’2009 FY’2010 FY’2011 FY’2012P

General Account

Individual Insurance

Group Insurance

Separate Account

Retirement Insurance

Corporate Insurance

Variable Insurance

Total



MARKET SHARE OF DOMESTIC AND FOREIGN INSURERS IN LIFE INSURANCE INDUSTRY IN SOUTH KOREA, FY’2011

The country life insurance market is dominated by the domestic insurers with the contribution of around ~% and the direct written premium of USD ~ million in FY’2011. The majority of the domestic insurance market in the country is held by three life insurance companies such as Samsung Life, Korea Life and Kyobo Life with the share of ~% in FY’2011…

56


Figure: Market Share of Domestic and Foreign Insurers in Life Insurance Industry on the Basis of Direct Written Premium in Percentage, FY’2011



Table: Market Share of Domestic and Foreign Insurers in Life Insurance Industry on the Basis of Direct Written Premium in USD Million, FY’2011

Players FY’2011

Domestic Insurers

Foreign Insurers

Total



SOUTH KOREA AUTOMOBILE INSURANCE MARKET FUTURE OUTLOOK AND PROJECTION, FY’2013-FY’2016

The South Korean automobile insurance industry is the second largest market in the general insurance industry and is expected to grow at a CAGR of 4.0% from FY’2013-FY’2016. The country motor vehicle insurance market is predicted to record direct written premium of USD ~

Domestic

Foreign

57


million in FY’2016 in which ~% is anticipated to be covered by voluntary insurance while 24.9% will be held by compulsory auto liability insurance…

Table: South Korea Automobile Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016

Segments FY’2013 FY’2014 FY’2015 FY’2016

Voluntary Insurance

Compulsory Auto Liability Insurance

Total


TAIWAN INSURANCE INDUSTRY

TAIWAN INSURANCE MARKET SIZE BY DIRECT WRITTEN PREMIUM, 2005-2012P

…In 2011, there were ~ insurance companies in Taiwan of which ~ were life insurance companies and ~ were non life insurance players. In ~ life insurance marketers, ~ were domestic companies while ~ were branches of foreign companies. The ~ general insurance companies include ~ domestic and ~ foreign companies…

Figure: Taiwan Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

Note:Life Insurance is in Premium Income

Non-Life Insurance is in Direct Written Premium

0.0

20,000.0

40,000.0

60,000.0

80,000.0

2005 2006 2007 2008 2009 2010 2011 2012P

USD

Mill

ion

58


TAIWAN FIRE INSURANCE INDUSTRY

TAIWAN FIRE INSURANCE MARKET SIZE, 2005-2012P

Taiwan fire insurance industry is the third largest non life insurance market of the country. The industry has experienced a growth of 17.8% from the direct written premium of USD ~ million in 2010 to USD ~ million in 2011…

Figure: Taiwan Fire Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

2005 2006 2007 2008 2009 2010 2011 2012P

USD

Mill

ion

59


INDIA INSURANCE INDUSTRY

INDIA LIFE INSURANCE MARKET FUTURE OUTLOOK AND PROJECTION, FY’2013-FY’2016

…Under the base case scenario analysis the life insurance market of the country is expected to grow at a CAGR of 12.2% from FY’2013-FY’2016 and is expected to record direct written premium of USD ~ million in FY’2016…

The conservative case scenario analysis assumes that the market is predicted to record direct written premium of USD ~ million in FY’2016 and is anticipated to grow at a marginal CAGR of 1.6% in the next four years...

Figure: India Life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, FY’2013-FY’2016



0.0

20,000.0

40,000.0

60,000.0

80,000.0

1,00,000.0

1,20,000.0

FY'2013 FY'2014 FY'2015 FY'2016

USD

Mill

ion

Worst Case Base Case Best Case

60


INDIA MARINE INSURANCE INDUSTRY

MARINE INSURANCE SEGMENTATION

BY MARINE CARGO AND MARINE HULL INSURANCE DIRECT WRITTEN PREMIUM, FY’2010-FY’2012

The marine insurance industry of India is segmented into marine cargo and marine hull. The marine cargo is the leading contributor in the marine insurance with the share of ~% in FY’2012 and is expected to increase in the near future with the rising import and export market of the country….

Figure: India Marine Insurance Market Segmentation by Marine Cargo and Hull Insurance on the Basis of Direct Written Premium in Percentage, FY’2010-FY’2012


Table: India Marine Insurance Market Segmentation by Marine Cargo and Hull Insurance on the Basis of Direct Written Premium in USD Million, FY’2010-FY’2012

Segments FY’2010 FY’2011 FY’2012

Marine Cargo

Marine Hull

0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%

100.0%

FY'2010 FY'2011 FY'2012

In P

erce

ntag

e %

Marine Hull Marine Cargo

61


Total


AUSTRALIA INSURANCE INDUSTRY

AUSTRALIA HOUSEHOLD INSURANCE INDUSTRY

AUSTRALIA HOUSEHOLD INSURANCE MARKET SIZE, FY’2005-FY’2012

…The household insurance industry in Australia has experienced a growth of 18.7% with the direct written premium of USD ~ million in FY’2012 compared to USD ~ million in FY’2011 on account of rising awareness among the people after the occurrence of successive natural disaster in the country. In 2011, the occurrence of Tropical Cyclone Yasi in the multiple locations of Queensland has resulted into loss of AUD ~ million.

Figure: Australia Household Insurance Market Size on the Basis of Direct Written Premium in USD Million, FY’2005-FY’2012

Note: FY ending- 30st June

Household Insurance is in Gross Written Premium

0.0

2,000.0

4,000.0

6,000.0

8,000.0


USD

Mill

ion

62


ASIA-PACIFIC INSURANCE INDUSTRY TRENDS AND DEVELOPMENTS

RISING AFFLUENT MIDDLE CLASS

The rising affluent middle class in the Asia-Pacific region has triggered the demand for the insurance products….

ASIA-PACIFIC INSURANCE INDUSTRY FUTURE OUTLOOK

….Overall, the market of the Asia-Pacific insurance is expected to grow at a CAGR of 11.2% from 2013-2016. The market in the near future is expected to witness consolidation and higher competition level with the entrance of more global players in the market….

CAUSE AND EFFECT RELATIONSHIP BETWEEN DEPENDENT AND INDEPENDENT FACTORS PREVAILING IN ASIA-PACIFIC INSURANCE MARKET

Table: Cause and Effect Relationship Analysis between Industry Factors and Expected Industry Prospects of Asia-Pacific Insurance Market

Industry Factors Market Impact Comments

Strict Government Regulations and Support

Cause: Positive Effect: Negative Effect:

Increasing Population

Cause: Effect:

63


Increasing Consumer Spending

Cause: Effect:.

Intensifying Competition

Cause: Positive Effect: Negative Effect:

ASIA-PACIFIC INSURANCE INDUSTRY FUTURE PROJECTIONS

BY LIFE AND NON LIFE, 2013-2016

…The life insurance premium is expected to grow at a rate of 11.3% in 2013 with the rising demand of retirement and linked insurance product in the region. The improving economic and investment risks will also favor the growth of traditional protection type products….

Table: Asia-Pacific Insurance Market Projections by Life and Non Life on the Basis of Direct Written Premium in USD Million, 2013-2016

Segments 2013 2014 2015 2016

Life

Non Life

Total

DISCLAIMER

No part of this manual or any material appearing may be reproduced, stored in or transmitted on any other Web site without written permission of Ken Research and any payments of a specified fee. Requests to republish any material may be sent to us.

Date post:	31-Mar-2016
Category:	Documents
Upload:	ken-research
View:	215 times
Download:	0 times

Rising Underwriting Capacity Driving The Asia Pacific Insurance Sector: Ken Research

Documents