South Korea Insurance Market Intelligence "The South Korean insurance industry has come a long way from being a largely closed industry to being an open industry now, due to several changes that happened in the last few decades. The industry witnessed a good growth on the back of Liberalization of the domestic insurance industry, increasing awareness of insurance products, demand for long-term and motor insurance products, development of new...more
Taiwan Insurance Market Intelligence "The insurance industry of Taiwan is the one of the largest insurance markets in the Asia pacific region. The industry has been growing mainly on account liberalization policies of the government, increased awareness, tendency of wealth accumulation as well as the growing economy and increased per capita income. Apart from this, the insurance industry has also benefited from the surging demand for insurance...more
Thailand Insurance Market Intelligence "Over the past ten years, the Thai insurance market has recorded astounding growth on account of governmental promotional measures, new products, improved sales channel, increased awareness and importance of insurance coverage and savings. With the opening of the sector and influx of foreign investment, Thailands insurance sector has started to show signs of maturity, with a wider range of products being offered and improvements in basic infrastructure. The growth was mainly on account of the opening up of insurance sector and increased foreign investment, growing awareness of insurance products, launch of new products, government's income-tax measures, as well as the growing economy and increased demand for future savings.Like other countries, the Thai insurance industry can be classified into life and non-life businesses. The life insurance market is the largest part of the Thai insurance market. Due to government tax incentives, preference for insurance products over bank deposits as saving instruments and improved quality of life, the Thai life insurance market has continued to witness a rapid increase in premium income. Despite high...more
Texas drivers who have abandoned cars in order to save money on gas by riding a motorcycle need to understand the requirements and options available to them in the form of motorcycle insurance policies and coverage. Liability insurance is mandated by Texas, and motorcycle liability coverage is the same as that for an automobile: 25/50/25. It is...more
China Insurance Market Intelligence "The Chinese insurance market presents immense growth opportunity for both foreign and domestic insurance companies as the industry has been growing at more than 25% p.a. This growth is mainly attributed to the improving segments of life insurance and health insurance. Apart from this, the insurance industry has...more
Hong-Kong Insurance Market Intelligence "Hong Kong is one of the most competitive insurance markets in Asia. The insurance industry has been growing steadily since the 1990s, driven mostly by the life insurance business. Lack of state-sponsored pension schemes and comparatively higher interest rates on insurance products compared to traditional bank products and a growing elderly population have all added to the growth of premium income of the life insurance market of Hong Kong. The industry, however, was hit recently by the global economic slowdown and its resulting effects, like rising unemployment and decreasing income and savings.Hong Kong has one of the highest per capita expenditure on insurance in the Asian region. The insurance penetration rate is also high as compared to the overall Asian region. The high market density and penetration rate is due to the government efforts and high insurance awareness among consumers. In the forthcoming years, the market is expected to grow at a slower pace due to the slow movement in the life segment; however, it will still remain the dominant segment. The non-life segment will outperform the life segment in terms of growth as it is...more
India Insurance Market Intelligence "Indian insurance industry entered an important phase in 1998 when the government of India permitted the operation of private sector in the insurance market. The impressive growth in life insurance, the dominating...more
Italy Insurance Market Intelligence "The insurance industry of Italy has witnessed a rapid growth, showing a fast rising premium to GDP ratio in the recent years. The growth in premiums is mainly attributed to the growing income, newly launched...more
Spain Insurance Market Intelligence "The Spanish insurance industry has witnessed a steady growth during the period 2001-2008, mainly on account of the expanding economy and increasing private consumption. In addition, investment in real estate and...more
Drawback insurance policy this particular person is probably the many topdrawer element of your current insurance plan plan. If this is the situation, have your insurance policy way to tag a home--office alteration to your plan. Sgc was a...more
If you own and operate a limousine service, you must protect yourself and your clients with three different kinds of insurance. First, you must carry commercial auto protection. Second, you must carry extra liability insurance, so that your...more
Earlier you had to submit some proof to get a quote from the company. But in online quoting, all you need to provide is your zip code and you get the quote. They ask you whether you already have any kind of insurance on your name. They also ask you...more