France Insurance Market Intelligence "The French insurance sector has consolidated its position as the fifth largest in the world and third largest in Europe. The French insurance market has undergone notable changes in the last two decades. The creation of the European Union (EU) brought new regulations, which had major effects on the industry. More recently, new European regulatory measures and French regulations, like Financial Security Act,...more
The word insurance in law and economics, means a kind of risk management to deal with a sudden, uncertain loss. One can get insurance for things ranging between buildings to cars. Ones house is the primary belonging which one would want to insure because centering on this very house all other properties come into existence. There are many companies which provide building insurances, either directly or indirectly. By indirectly we generally mean...more
Netherlands Insurance Market Intelligence "The Netherlands (Dutch) insurance industry is characterized by the strong growth rate it has registered in past few years, mainly on the back of its liberal regulatory environment and open distribution structure. However, the recent changes in the market trends have haltered its growth, followed by a slowdown in economy, sluggish performance of the stock markets, and the abolishment of strong fiscal incentives for life insurance business. Life insurance is the dominant segment of the insurance market in the country, followed by accident & health, and the non-life insurance sector. Accident and health has been categorized as a separate line of business from non-life as it has emerged as the largest insurance segment after the healthcare reforms.Growth has remained flat in the life segment since 2002 because of the abolition of tax advantages, emergence of banking products and also because of the weak performance of equity markets, which influenced the markets for unit-linked policies. The non-life segment has also shown low-growth over the years with health being the only driving factor, which, in turn, is supported by the ageing population...more
If you are the owner of a good deal of property, you might be considering the option of renting it out to some tenant. This is a good way of earning money and if you are not in urgent need of a bulk of money, this is a much better option than selling your property. Selling your assets mean that lose them forever, but if you rent it out, the...more
Belgium Insurance Market Intelligence "The financial system of Belgium is dominated by four large bancassurance conglomerates, which contribute nearly half of the total insurance premiums. Growing economy and the resultant increase in income, consumer spending and increased awareness of savings and better returns have supported the growth of the...more
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 Indonesian insurance industry can be categorized into two different segments: life and non-life. Life insurance is the dominate segment in the Indonesian insurance industry, with 68.3% share of total insurance premium in 2008.Despite being one of the thickly populated regions in Southeast Asia, the per capita expenditure on insurance in Indonesia is one of the lowest - the reason of which is the low insurance penetration among the different ethnic groups in the country. In the forthcoming years, market density and penetration is expected to improve on account of expanding bancassurance channel, demand for unit-linked products, as well as awareness of risk-protection and high incidence of disasters. Thus, market is expected to offer opportunity...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...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...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...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...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...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