Asian Insurance Focus: India, China, Vietnam & Thailand

Sept. 5, 2008 - PRLog -- Asian Insurance Focus: India, China, Vietnam & Thailand

New Delhi, 5th September 2008:

Market Performance:

Asia is becoming a major player with four Chinese financial services companies listed among the top 21 global companies last year by market capitalisation.

In the recent times, China has moved ahead of the Indian insurance sector. India opened the market to private players in 2000 while China did that a decade earlier. Apart from India
and China, which are putting Asia on a global scale, other countries like Japan and Hong
Kong are also increasingly diversifying their insurance sectors. Japan is home to some of
the largest Asian insurers, and has an urgent desire to expand its client portfolio across
the region. The insurance sector in this region has seen Western financial services companies compete for Asian assets. However, regional companies – especially from Japan and China – are expected to become more dominant in this market over the next few years. In the year 2007, Hong Kong saw the greatest amount of M&A transactions in their insurance sector.
Due to globalization, deregulation, and terrorist attacks, the insurance industry has gone
through a tremendous transformation over the past decade.

Between 2000 and 2007, Vietnamese life insurance sector increased from $51.12 million to $586.24 million, CAGR growth of 35.65% during this period. The Knowledge Centre forecasts that the life insurance market in Vietnam would grow at a CAGR of 10.71% and an annual
average growth rate of 13.21% between 2007 and 2011. From $596.24 million in 2007, the
market will increase by approximately $388 million and reach $975.21 million by the end of
2011.
Within a span of 7 years (2000-2007), Thai Insurance Sector has experienced a growth of
191% currently valuated at $9,434.72 million. The Knowledge Centre predicts, the overall
market size will increase by 72.5% further and is expected to touch the highs of $13,012.75
million by 2011.

To know more on this report, please click on the link below:

http://www.freepressreleases.co.uk/Press_Releases/Insuran...%

3A_India%2C_China%2C_Vietnam_%26_Thailand_2008090430141/

To order this report, kindly get in touch with:
Renu Dhyani
PR & Communication Executive
The Knowledge Centre – A Sheffield Haworth Company
Tel: +91-11-40601158 (o); +91-9958790353 (m)
Email: dhyani@sheffieldhaworth.com
Web: http://www.sheffieldhaworth.com