Indonesia Insurance Market Intelligence "The Indonesian insurance market continues to offer growth opportunities and attract new players, despite certain unfavorable government rules and regulations. The industry has registered a tremendous growth in the past few years, mainly due to untimely occurrence of natural and man-made disasters, launch of new products, growing economy and increasing demand for savings. Like many other countries, the...more
Japan Insurance Market Intelligence "Japan is the third largest player worldwide in terms of insurance premium. Despite this, the Japanese insurance industry has been declining since the past few years. This decline is attributed to high penetration rate of life insurance in the country. Further, the amount held per person is at least more than half as compared to what it is in the United States. This makes it difficult for the insurers to move...more
Malaysia Insurance Market Intelligence "The Malaysian insurance market continues to be one of the fastest growing markets for insurance products across the Asian continent. The countrys insurance market has been exhibiting growth on account of increased awareness, preparation for risk avoidance and demand for savings among the Malay consumers. Like many other countries, the Malaysian insurance industry can be segmented into two different segments: life and non-life. Life is the dominant segment in the Malaysian insurance industry.The insurance density is very low in Malaysia, despite the growth witnessed by the insurance industry in the past few years. In addition, insurance penetration has also showed signs of decline in the past few years due to the falling insurance premiums as a percentage of GDP. In the forthcoming years, this market is expected to offer strong growth opportunities on account of increasing number of middle-class people and the need for retirement savings products.The present report gives an overview of the Malaysian insurance market along with an analysis of the countrys political structure and economic growth. The report provides an insight into the market...more
Singapore Insurance Market Intelligence "Singapore has one of the most developed insurance markets in Asia. The insurance industry of Singapore has been growing at an impressive growth rate on account of the increasing demography of ageing population and income. The industry has been dominated by life insurance, which has been contributing to the...more
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...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 products, particularly life insurance (endowment) products. In Taiwan, life insurance market accounts for a larger share of the Taiwan insurance business.Taiwan is mainly known for having one of the highest insurance densities in the Asia Pacific region second only to Japan. In terms of penetration rate, the industry has high penetration rate but there is huge difference between the penetration rate of its segments as Life has very high penetration rate and non-life has very low penetration. The key reason behind this difference is that despite being receptive to life insurance products, the decreasing investment by domestic consumers in automobiles and natural disaster exposures have restricted growth of the non-life insurance business. In...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...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...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...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...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