This report was written in late May 2009. Relative to the Q209 report, the main changes pertain to the profiles of companies - both regional and predominantly local - which have been updated considerably. We have also included a brief overview of conditions - and development of premium income - through Q109. This is based on comments made by major (mainly listed) companies which became available (for the most part) from mid-May. We hope to build on this section in terms of detail. As we explain, Q109 was in many ways a challenging but far from disastrous quarter for the major protagonists in most markets. Notwithstanding the fact that particular non-life markets suffered as a result of a slump in the number of cars registered, and correspondingly lower demand for compulsory third party motor (CTPM) insurance and voluntary motor insurance, global non-life premiums generally held up well in spite of the global economic downturn. In contrast, life premiums were, in most markets, lower in Q109 than they had been in Q108. This was largely the result of the past volatility in global equity markets, although there were also other problems. Conditions remain fair in the global reinsurance market. In terms of the major regions whose insurance markets are covered by BMI's reports, Latin America and the Middle East and North Africa stood out in terms of growth in premiums (in non-life insurance in particular, but also in life insurance). Conditions were far more mixed in Central and Eastern Europe (particularly in non-life insurance, where the downturn in car registrations hit hard) and Asia Pacific (where various factors caused slippage in life premiums in many markets). Revision Of Data And Forecasts We have updated the insurance data for 2008 - and our forecasts for the next five years. In many cases, preliminary or final figures for last year have been published by the regulator or the trade association. In some cases, we have estimated figures for 2008, but only on the basis of information that has been published in relation to a significant portion of the year. It should also be noted that, in some cases we have based our 2008 estimate on results disclosed by individual companies operating in the market in question.
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Report Table of Contents:
Executive Summary
Table: Overview Of India's Insurance Sector
-- Key Insights On India's Insurance Sector
-- SWOT Analysis
-- India Insurance Industry SWOT
-- India Political SWOT
-- India Economic SWOT
-- India Business Environment SWOT
-- Global Outlook
-- Asia Pacific Overview
Table: Asia Pacific Non-Life Markets At A Glance, 2008-2010
Table: Asia Pacific Life Markets At A Glance, 2008-2010
-- Prudential's Acquisition Of AIA
Table: AIG's Asset Sales
-- Tale: AIA - Key Facts
Table: AIA's Market Positions
Table: The Combined Group - Latest Rankings In Asia Pacific Life Insurance
Table: Key Features Of Prudential plc's Proposed Acquisition Of AIA
Table: Asia Highlights Of Prudential plc's 2009 Annual Report
Table: Prudential plc's New Business In Annualised Premium Equivalent, 2009
Table: Asia Pacific Life Insurance Markets At A Glance1
Table: Global Life Insurance Profitability - Selected Figures
Table: Who's Who - Life Insurance Joint Ventures And Businesses In India And China
-- Projections And Forecasts
Table: Insurance Premiums, 2006-2014
-- Projections And Drivers Of Growth
Table: Growth Drivers, 2005-2014
-- Country Update
-- Macroeconomic Outlook
Table: India -Contribution To GDP Growth By Segment, 2007-2015
-- Political Outlook
-- Long-Term Political Outlook
-- Insurance Business Environment Rating
Table: India - Insurance Business Environment Indicators
Table: Asia Pacific Insurance Business Environment Ratings
-- Regional Context
Table: Non-Life Premiums In A Regional Context, 2008
Table: Life Premiums In A Regional Context, 2008
-- Major Players In India's Insurance Sector
Table: Non-Life Segment - Breakdown By Line, Year To March 31 2008 (INRmn)
Table: Life Segment - Breakdown By Line, Year To March 31 2008 (INRmn)
Table: Non-Life Companies - Gross Written Premiums, Year To March 31 2009 (INRmn)
Table: Life Companies - Gross Written Premiums, Year To March 31 2008 (INRmn)
-- Analysis Of Regional Competitive Conditions
-- Local Company Profiles
-- Life Insurance Corporation of India
-- National Insurance Company Ltd
-- Oriental Insurance Company Limited
-- Regional Company Profiles
-- AEGON
-- AIG
-- Allianz
-- Aviva
-- AXA
-- Cardif
-- Fortis
-- Generali
-- Groupama
-- HDI-Gerling
-- HSBC Insurance
-- ING Group
-- Liberty Mutual
-- Manulife
-- MetLife
-- Prudential Financial
-- Prudential Plc
-- QBE
-- RSA
-- Sun Life Financial
-- The Principal
-- Zurich Financial Services
-- Country Snapshot: India Demographic Data
-- Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
-- Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
-- Section 3: Labour Market And Spending Power
Table: Employment Indicators, 1996-2001
Table: Consumer Expenditure, 2000-2012 (US$)
Table: Average Annual Manufacturing Wages, 2000-2012
-- Methodology
-- Insurance Business Environment Ratings
Table: Insurance Business Environment Indicators And Rationale
Table: Weighting Of Indicators
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