Bharat Book Bureau

This report analyzes the global insurance market in terms of market size, key drivers and resistors, trends and competitive positioning. It includes profiles of the top ten companies in the industry along with 5-year financial analysis and in-depth SWOT analysis.

Scope

* Performance of the global insurance market on the basis of sales, volume and respective growth patterns over the past five years
* Obtain descriptive profiles of the top ten leading players including strategic initiatives undertaken in the last 12 months
* Analysis of the Strengths, Weaknesses, Opportunities and Threats of the top 10 insurance companies along with business overview and financials
* Benchmark the performance of the top 10 players for the past five years; includes revenue comparison, profitability analysis, industry-specific ratios

Highlights

In 2013, the global insurance market is forecast to have gross written premiums of $4,665.1 billion, an increase of 20% over 2008.

Reasons to Purchase

* Save time, money and resources on analyzing the top 10 insurance companies using this report
* Analyze the global insurance market with key industry metrics including market value, market volume, and growth forecasts
* Assess the intensity of competition based on the 5-forces model including degree of rivalry, substitutes, new entrants, buyer power and supplier power

Table of Contents:

Table of Contents 2
Table OF FIGURES 3
TABLES 4
Executive Summary 5
Industry analysis 5
Industry definition 5
Research highlights 5
Market Value 6
Market Forecast 7
Market Share 8
Market Segementation 10
Five Forces Analysis 11
Summary 11
Buyer power 12
Supplier power 14
New entrants 15
Substitutes 16
Rivalry 17
Top 10 Companies Landscape 18
Top 10 Companies Landscape 18
AXA 20
Allianz Group 20
American International Group, Inc. 20
Assicurazioni Generali 20
Aviva Plc 20
ING Groep N.V. 20
Munich Re 20
Zurich Financial Services 21
CNP Assurances SA 21
Aegon 21
Revenue analysis 22
Financial performance analysis 24
Operating profit analysis 25
Net profit analysis 26
Ratio analysis 27
Company Reports 29
AXA 29
Company overview 29
Business description 29
SWOT analysis 30
Strengths 30
Weaknesses 31
Opportunities 32
Threats 33
Recent developments 35
Allianz Group 36
Company overview 36
Business description 36
SWOT analysis 38
Strengths 38
Weaknesses 39
Opportunities 40
Threats 41
Recent developments 41
American International Group, Inc. 43
Company overview 43
Business description 43
SWOT analysis 45
Strengths 45
Weaknesses 46
Opportunities 47
Threats 48
Recent developments 49
Assicurazioni Generali 51
Company overview 51
Business description 51
SWOT analysis 51
Strengths 51
Weaknesses 52
Opportunities 53
Threats 54
Recent developments 54
Aviva Plc 56
Company overview 56
Business description 56
SWOT analysis 57
Strengths 57
Weaknesses 58
Opportunities 59
Threats 60
Recent developments 61
ING Groep N.V. 63
Company overview 63
Business description 63
SWOT analysis 64
Strengths 64
Weaknesses 65
Opportunities 66
Threats 67
Recent developments 68
Munich Re 69
Company overview 69
Business description 69
SWOT analysis 70
Strengths 70
Weaknesses 71
Opportunities 72
Threats 74
Recent developments 75
Zurich Financial Services 76
Company overview 76
Business description 76
SWOT analysis 77
Strengths 77
Weaknesses 77
Opportunities 78
Threats 79
Recent developments 80
CNP Assurances SA 81
Company Overview 81
Business description 81
SWOT analysis 82
Strengths 82
Weaknesses 83
Opportunities 83
Threats 85
Recent developments 86
Aegon 87
Company overview 87
Business description 87
SWOT analysis 88
Strengths 88
Weaknesses 89
Opportunities 90
Threats 91
Recent developments 92
Financial Analysis 93
AXA 93
Allianz Group 96
American International Group Inc. 99
Assicurazioni Generali SpA 102
Aviva 105
ING Groep 108
Munich Re 112
Zurich Financial Services 115
CNP Assurances SA 118
Aegon 121
APPENDIX 124

List of Tables
Table 1: Global insurance market, $ billion, 2004-08 6
Table 2: Global insurance market forecast, 2009-13 7
Table 3: Global top 10 insurance companies market share-premiums, % share, 2008 8
Table 4: Global top 10 insurance companies market segmentation-geography ,% Share 2008 10
Table 5: Revenue of global top 10 insurance companies, $ million, FY2008 18
Table 6: Revenue growth of global top 10 insurance companies, 2006-08 22
Table 7: Key financials of global top 10 insurance companies, FY2008 24
Table 8: Key industry specific ratios-FY2008 27
Table 9: AXA-Financial and operational highlights, 2004-08 ($ million) 93
Table 10: AXA-Key industry specific ratios, 2004-08 95
Table 11: Allianz Group-Financial and operational highlights, 2004-08 ($ million) 96
Table 12: Allianz Group-Key industry specific ratios, 2004-08 98
Table 13: American International Group Inc.-Financial and operational highlights, 2004-08 ($ million) 99
Table 14: American International Group Inc.-Key industry specific ratios, 2004-08 101
Table 15: Assicurazioni Generali SpA-Financial and operational highlights, 2004-08 ($ million) 102
Table 16: Assicurazioni Generali SpA-Key industry specific ratios, 2004-08 104
Table 17: Aviva-Financial and operational highlights, 2004-08 ($ million) 105
Table 18: Aviva-Key industry specific ratios, 2004-08 107
Table 19: ING Groep-Financial and operational highlights, 2004-08 ($ million) 108
Table 20: ING Groep-Key industry specific ratios, 2004-08 111
Table 21: Munich Re-Financial and operational highlights, 2004-08 ($ million) 112
Table 22: Munich Re-Key industry specific ratios, 2004-08 114
Table 23: Zurich Financial Services-Financial and operational highlights, 2004-08 ($ million) 115
Table 24: Zurich Financial Services-Key industry specific ratios, 2004-08 117
Table 25: CNP Assurances SA-Financial and operational highlights, 2004-08 ($ million) 118
Table 26: CNP Assurances SA-Key industry specific ratios, 2004-08 120
Table 27: Aegon-Financial and operational highlights, 2004-08 ($ million) 121
Table 28: Aegon-Key industry specific ratios, 2004-08 123

List of Figures
Figure 1: Global insurance market, $ billion, 2004-08 6
Figure 2: Global insurance market, $ billion, 2009-13 7
Figure 3: Global top 10 insurance companies market share-premiums, % share, 2008 9
Figure 4: Global top 10 insurance companies market segmentation-geography ,% Share 2008 10
Figure 5: Forces driving competition in the global life and health insurance market 11
Figure 6: Drivers of buyer power in the global insurance market 12
Figure 7: Drivers of supplier power in the global insurance market 14
Figure 8: Factors influencing the likelihood of new entrants in the global insurance market 15
Figure 9: Factors influencing the threat of substitutes in the global insurance market 16
Figure 10: Drivers of degree of rivalry in the global insurance market 17
Figure 11: Premium of global top 10 insurance companies, $ million, FY2008 19
Figure 12: Revenue growth of global top 10 insurance companies, 2006-08 23
Figure 13: Operating performance analysis, FY2008 25
Figure 14: Net profit analysis, FY2008 26

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Life Insurance in Denmark

Datamonitor’s industry profiles are an essential resource for top-level data and analysis. This profile includes data on market size and segmentation, plus textual analysis of the key trends and competitive landscape, demographic information, and descriptions of the leading companies.
Scope of this research

Contains an executive summary and data on value, volume and segmentation
Provides textual analysis of the industry’s prospects, competitive landscape and leading companies
Includes a five-year forecast of the industry

Research and analysis highlights

Detailed information is included on market size, measured by both value and volume. Market shares are covered by manufacturer and by brand, including private label.
Key reasons to purchase this research

Spot future trends and developments
Inform your business decisions
Add weight to presentations and marketing materials
Save time carrying out entry-level research

For more information kindly visit
http://www.bharatbook.com/Market-Research-Reports/Life-Insurance-in-Denmark.html

Datamonitor’s industry profiles are an essential resource for top-level data and analysis. This profile includes data on market size and segmentation, plus textual analysis of the key trends and competitive landscape, demographic information, and descriptions of the leading companies.

Scope of this research
Contains an executive summary and data on value, volume and segmentation
Provides textual analysis of the industry’s prospects, competitive landscape and leading companies
Includes a five-year forecast of the industry
Research and analysis highlights
Detailed information is included on market size, measured by both value and volume. Market shares are covered by manufacturer and by brand, including private label.

Key reasons to purchase this research
Spot future trends and developments
Inform your business decisions
Add weight to presentations and marketing materials
Save time carrying out entry-level research

To know more and to buy a copy of your report feel free to visit:  http://www.bharatbook.com/Market-Research-Reports/Life-Insurance-in-India.html

Or

Contact us at:
Bharat Book Bureau
Tel: +91 22 2757 8668
Fax: +91 22 2757 9131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com

Life & Pensions Magazine

Life & Pensions is a fresh new monthly subscription magazine from Incisive Media, publishers of Risk and Post Magazine. It is the only magazine focusing on the risk and capital finance and valuation for the life and pensions industry. Published every month, Life & Pensions focuses on the sophisticated risk management the industry needs to embrace in response to the commercial pressure associated with the changing life insurance and pension industry.

Delivering risk and capital management intelligence to the life and pensions industry

The global life and pensions industry has been tested by a combination of low inflation, falling equity returns and increasing longevity. As a result governments are forcing changes to the solvency and accountancy rules onto the agenda of providers making it necessary for them to focus on risk and capital.

The new risk capital-driven landscape requires techniques that combine current actuarial, insurance investment and banking expertise. Industry professionals need to model uncertainty in demographics, individual, management and regulatory behaviour and financial markets over long timescales. The challenges will drive the creation of new products such as longevity bonds, LDI schemes and life securitisations.

Every month Life & Pensions combines:

· The latest industry news with a risk management focus to provide relevant perspective
· Insightful and informative features giving you in-depth analysis of the important issues
· Regional profiles from across Europe to keep you in-touch with international developments
· Peer-reviewed technical articles giving you access to the latest risk management thinking with a life and pensions industry focus

Life & Pensions is the forum for the industry to discuss and learn about the new business environment and devise solutions. Click here to get a free trial copy.

Life and pensions industry - a multi-trillion dollar industry and growing

Life & Pensions addresses these issues and informs the debate, providing the forum for the life and pensions community to come together to devise solutions.

With global personal financial assets expected to grow to $140 trillion by 2014*, industry commentators expect life insurance to be the fastest growing component. In developed countries it is expected that growth will come from providing long-term asset growth with protection by incorporating the risk intermediation process associated with asset protection.

In the changing world, life and pensions providers need to understand the global picture, while actuaries are being prompted by business conditions and regulatory pressure to join the mainstream of risk management thinking.

Who should read Life & Pensions?

Companies
• Multinational life insurance groups
• Regional life product retailers and wholesalers
• Specialist life companies
• Reinsurance companies and brokers
• Investment banks
• Asset management companies
• Pension fund trustees/sponsors
• Consultants & research organisations
• Industry associations & regulators
• Government departments

To know more and to buy a copy of your report feel free to visit:  http://www.bharatbook.com/productdetail.asp?id=8278

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Contact us at:
Bharat Book Bureau
Tel: +91 22 2757 8668
Fax: +91 22 2757 9131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com

Datamonitor’s industry profiles are an essential resource for top-level data and analysis. This profile includes data on market size and segmentation, plus textual analysis of the key trends and competitive landscape, demographic information, and descriptions of the leading companies.

Scope of this research
Contains an executive summary and data on value, volume and segmentation
Provides textual analysis of the industry’s prospects, competitive landscape and leading companies
Includes a five-year forecast of the industry
Research and analysis highlights
Detailed information is included on market size, measured by both value and volume. Market shares are covered by manufacturer and by brand, including private label.

Key reasons to purchase this research
Spot future trends and developments
Inform your business decisions
Add weight to presentations and marketing materials
Save time carrying out entry-level research

To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/Market-Research-Reports/Non-Life-Insurance-in-Asia-Pacific.html

Or

Contact us at:
Bharat Book Bureau
Tel:  +91 22 2757 8668
Fax: +91 22 2757 9131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com

Independent 5-year insurance industry forecast for Bahrain.
Original insurance market research and insurance sector trend analysis for Bahrain’s insurance industry.
Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Bahrain.

The Bahrain Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Bahrain through end-2012; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Bahrain; and analysis of the latest insurance industry developments, trends and regulatory changes in Bahrain.

Bahrain Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Bahraini insurance industry.

Key Benefits
Benchmark It’s Independent 5-Year Insurance Industry Forecast on Bahrain
to test other views - a key input for successful budgeting and planning in this strategic insurance market.
Target Business Opportunities & Risks in Bahrain’s Insurance Sector
through our reviews of latest insurance industry trends, regulatory changes, and major deals, projects and investments in Bahrain.
Exploit The Latest Competitive Insurance Intelligence & Company SWOTS
on your competitors and peers in Bahrain through our insurance company rankings by assets, premiums, income, market share, investments and leading products and services.

Executive Summary
In Q307 we have incorporated actual data for 2006 in our insurance sector reports. In Q207 much of this data was not available, and we had to make estimates. In international comparison tables, we have also incorporated data from 30 new countries in addition to the 58 for which we had data in Q207. We are now therefore able to place each country into a truly global context.

Non-life premiums rose from BHD78mn (US$206mn) in 2005 to BHD92mn (US$241mn) in 2006. Non-life premiums therefore increased by 17% in both dinar and US dollar terms. We expect that nonlife premiums will grow by 24% annually, in both dinar and US dollar terms, in 2006-2011. Life premiums rose from BHD17mn (US$44mn) in 2005 to BHD24mn (US$64mn) in 2006. Life premiums therefore increased by 46% in both dinar and US dollar terms. We expect that life premiums will grow by 16% annually, in both dinar and US dollar terms, in 2006-2011.

In 2006 the two most important lines within the non-life segment were motor and accident and helth. These two lines, respectively, accounted for 44% and 22% of non-life premiums. We have not, as yet, been able to find a detailed breakdown of Bahrain’s life segment.

Bahrain is, among the 88 countries for which we have gathered data, in the fourth quartile in terms of absolute non-life premiums in 2006, and also in the bottom quartile in terms of absolute growth of nonlife premiums last year. We would therefore categorise Bahrain as a small-sized national market for non-life insurance. Premiums are growing fairly quickly but the country will still have a population of less than 1mn even in 2011. The market cannot ever be expected to be anything other than small.

Bahrain is in the fourth quartile in terms of absolute life premiums in 2006, and in the fourth quartile in terms of absolute growth of life premiums last year. We would therefore categorise Bahrain as a smallsized national market for life insurance and one where premiums are growing quickly, albeit from a nominal base.

In 2006, non-life penetration in Bahrain grew by 5.9%, while life density rose by 42.7% in US dollar terms.

To know more and to buy a copy of your report feel free to visit: http://www.bharatbook.com/Market-Research-Reports/Insurance-Report-Bahrain.html

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Fax: +91 22 2757 9131
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Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com

 Independent 5-year insurance industry forecast for Oman.
Original insurance market research and insurance sector trend analysis for Oman’s insurance industry.
Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Oman.

The Oman Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Oman through end-2012; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Oman; and analysis of the latest insurance industry developments, trends and regulatory changes in Oman.

Oman Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Omani insurance industry.

Key Benefits
Benchmark It’s Independent 5-Year Insurance Industry Forecast on Oman
to test other views - a key input for successful budgeting and planning in this strategic insurance market.
Target Business Opportunities & Risks in Oman’s Insurance Sector
through our reviews of latest insurance industry trends, regulatory changes, and major deals, projects and investments in Oman.
Exploit The Latest Competitive Insurance Intelligence & Company SWOTS
on your competitors and peers in Oman through our insurance company rankings by assets, premiums, income, market share, investments and leading products and services.

Executive Summary
In Q307 we have incorporated actual data for 2006 in our insurance sector reports. In Q207 much of this data was not available, and we had to make estimates. In international comparison tables, we have also incorporated data from 30 new countries in addition to the 58 for which we had data in Q207. We are now therefore able to place each country into a truly global context.

Non-life premiums rose from OMR103mn (US$264mn) in 2005 to OMR123mn (US$315mn) in 2006. Non-life premiums therefore increased by 19% in local currency and US dollar terms. Looking forward, we anticipate that non-life premiums will grow by 9% annually in both Omani riyal and US dollar terms over 2006-2011.

Life premiums rose from OMR14mn (US$36mn) in 2005 to OMR17mn (US$44mn) in 2006. Life premiums therefore increased by 21% in Omani riyal and US dollar terms. Looking forward, we anticipate that life premiums will grow by 20% annually in both local and US currency terms over 2006-2011.

In 2006 the two most important lines within the non-life segment were motor and property/fire. These two lines, respectively, accounted for 57% and 29% of non-life premiums. In terms of local currency premiums, the fastest growing lines last year were engineering (which grew by 83%), health insurance (62%) and accident/liability/other (37%).

We have not, as yet, been able to find a detailed breakdown of Oman’s life segment. Oman is, among the 88 countries for which we have gathered data, in the fourth quartile in terms of absolute non-life premiums in 2006, and in the fourth quartile in terms of absolute growth of non-life premiums last year. We would therefore categorise Oman as a small-sized national market for non-life insurance. This is inevitable in a country of only 3mn people. Non-life penetration is rising, but not quickly, and off a relatively low base.

Oman is in the lowest quartile in terms of absolute life premiums in 2006, and in the lowest quartile in terms of absolute growth of life premiums last year. We would therefore categorise Oman as a small-sized national market for life insurance. Life density will double over the forecast period but, even in 2011, will still be only a nominal US$30 per capita. In 2006 non-life penetration in Oman grew by 4.4% while life density rose by 17.5% in US dollar terms.

To know more and to buy a copy of your report feel free to visit: http://www.bharatbook.com/Market-Research-Reports/Insurance-Report-Oman.html

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Fax: +91 22 2757 9131
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Blog: http://bharatbookresearch.blogspot.com

Independent 5-year insurance industry forecast for Egypt.
Original insurance market research and insurance sector trend analysis for Egypt’s insurance industry.
Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Egypt.

The Egypt Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Egypt through end-2012; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Egypt; and analysis of the latest insurance industry developments, trends and regulatory changes in Egypt.

Egypt Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Egyptian insurance industry.

Key Benefits
Benchmark It’s Independent 5-Year Insurance Industry Forecast on Egypt
to test other views - a key input for successful budgeting and planning in this strategic insurance market.
Target Business Opportunities & Risks in Egypt’s Insurance Sector
through our reviews of latest insurance industry trends, regulatory changes, and major deals, projects and investments in Egypt.
Exploit The Latest Competitive Insurance Intelligence & Company SWOTS
on your competitors and peers in Egypt through our insurance company rankings by assets, premiums, income, market share, investments and leading products and services.

Executive Summary
In Q307 we have incorporated actual data for 2006 in our insurance sector reports. In Q207 much of this data was not available, and we had to make estimates. In international comparison tables, we have also incorporated data from 30 new countries in addition to the 58 for which we had data in Q207. We are now therefore able to place each country into a truly global context.

Non-life premiums rose from EGP1,104mn (US$201mn) in 2005 to EGP1,262mn (US$219mn) in 2006. Non-life premiums therefore increased by 14% in terms of the pound and 9% in US dollar terms. We expect that non-life premiums will grow by 35% annually in local currency terms, and by 40% US dollar terms, in 2006-2011.

Life premiums rose from EGP1,441mn (US$262mn) in 2005 to EGP1,693mn (US$293mn) in 2006. Life premiums therefore increased by 17% in terms of the pound and 12% in US dollar terms. We expect that life premiums will grow by 19% annually in local currency terms, and by 23% US dollar terms, in 2006-2011.

In 2006 the two most important lines within the non-life segment were motor and accident and health. These two lines, respectively, accounted for 47% and 23% of non-life premiums. We have not as yet been able to find a detailed breakdown of Egypt’s life segment.

Egypt is, among the 88 countries for which we have gathered data, in the fourth quartile in terms of absolute non-life premiums in 2006, but in the third quartile in terms of absolute growth of non-life premiums last year. We would therefore categorise Egypt as a small-sized national market for non-life insurance and one where premiums are growing modestly. However, it appears that much of the growth is being accounted for by a growing economy: non-life penetration is emphatically not changing quickly.

Egypt is in the third quartile in terms of absolute life premiums in 2006, and in the third quartile in terms of absolute growth of life premiums last year. We would therefore categorise Egypt as a mediumsized national market for life insurance and one where premiums are growing modestly. In spite of the rapid growth of population in Egypt, much of the growth is being driven by an increase in life density.

In 2006, non-life penetration in Egypt contracted by -0.3%, while life density rose by 9.9% in US dollar terms.

To know more and to buy a copy of your report feel free to visit: http://www.bharatbook.com/Market-Research-Reports/Insurance-Report-Egypt.html

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Contact us at:
Bharat Book Bureau
Tel: +91 22 2757 8668
Fax: +91 22 2757 9131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com

Independent 5-year insurance industry forecast for Saudi Arabia.
Original insurance market research and insurance sector trend analysis for Saudi Arabia’s insurance industry.
Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Saudi Arabia.

The Saudi Arabia Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Saudi Arabia through end-2012; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Saudi Arabia; and analysis of the latest insurance industry developments, trends and regulatory changes in Saudi Arabia.

Saudi Arabia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Saudi Arabian insurance industry.

Key Benefits
Benchmark It’s Independent 5-Year Insurance Industry Forecast on Saudi Arabia
to test other views - a key input for successful budgeting and planning in this strategic insurance market.
Target Business Opportunities & Risks in Saudi Arabia’s Insurance Sector
through our reviews of latest insurance industry trends, regulatory changes, and major deals, projects and investments in Saudi Arabia.
Exploit The Latest Competitive Insurance Intelligence & Company SWOTS
on your competitors and peers in Saudi Arabia through our insurance company rankings by assets, premiums, income, market share, investments and leading products and services.

Executive Summary
In Q307 we have incorporated actual data for 2006 in our insurance sector reports. In Q207 much of this data was not available, and we had to make estimates. In international comparison tables, we have also incorporated data from 30 new countries in addition to the 58 for which we had data in Q207. We are now therefore able to place each country into a truly global context.

Non-life premiums rose from SAR4,960mn (US$1,341mn) in 2005 to SAR6,719mn (US$1,816mn) in 2006. Non-life premiums therefore increased by 35% in both riyal and US dollar terms. We expect that non-life premiums will grow by 24% annually, in both riyal and US dollar terms, in 2006-2011.

Life premiums rose from SAR193mn (US$52mn) in 2005 to SAR 218mn (US$59mn) in 2006. Life premiums therefore increased by 13% in both riyal and US dollar terms. We expect that life premiums will grow by 36% annually, in both riyal and US dollar terms, in 2006-2011.

In 2006 the two most important lines within the non-life segment were health and motor. These two lines, respectively, accounted for 33% and 29% of non-life premiums. In terms of local currency premiums, the fastest growing lines last year were engineering (which grew by 83%), health insurance (62%) and accident/liability/other (37%). We have not, as yet, been able to find a detailed breakdown of Saudi Arabia’s life segment.

Saudi Arabia is, among the 88 countries for which we have gathered data, just in the third quartile in terms of absolute non-life premiums in 2006, but in the second quartile in terms of absolute growth of non-life premiums last year. We would therefore categorise Saudi Arabia as a moderately large national market for non-life insurance, and one where premiums are growing quickly.

Saudi Arabia is in the lowest quartile in terms of absolute life premiums in 2006, and in the third quartile in terms of absolute growth of life premiums last year. We would therefore categorise Saudi Arabia as a small-sized national market for life insurance, but one where premiums are growing quickly from a very low base. Even at the end of the forecast period, life density will still only have reached a very nominal US$10 per capita (up from US1.71 in 2006).

In 2006 non-life penetration in Saudi Arabia grew by 22.5%, while life density rose by 10.1% in US dollar terms.

To know more and to buy a copy of your report feel free to visit: http://www.bharatbook.com/Market-Research-Reports/Insurance-Report-Saudi-Arabia.html

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Fax: +91 22 2757 9131
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Blog: http://bharatbookresearch.blogspot.com

Independent 5-year insurance industry forecast for Iran.
Original insurance market research and insurance sector trend analysis for Iran’s insurance industry.
Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Iran.

The Iran Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Iran through end-2012; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Iran; and analysis of the latest insurance industry developments, trends and regulatory changes in Iran.

Iran Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Iranian insurance industry.

Key Benefits
Benchmark It’s Independent 5-Year Insurance Industry Forecast on Iran
to test other views - a key input for successful budgeting and planning in this strategic insurance market.
Target Business Opportunities & Risks in Iran’s Insurance Sector
through our reviews of latest insurance industry trends, regulatory changes, and major deals, projects and investments in Iran.
Exploit The Latest Competitive Insurance Intelligence & Company SWOTS
on your competitors and peers in Iran through our insurance company rankings by assets, premiums, income, market share, investments and leading products and services.

Executive Summary
The Sector At A Glance
Key Insights On The Insurance Sector Of Iran
Of all the countries whose insurance sectors we survey, Iran is the only one where both the present environment and the outlook are dominated entirely by political issues. Trade and investment sanctions against Iran, which have been advocated by the US government, mean that cross-border insurers are unlikely to participate in the Iranian market any time soon. Indeed, Iran is exceptional in that it is the only sizeable insurance market in the world from which foreign insurers appear to be entirely absent.

In the event that all this changes, with the result that Iran ceases to be a ‘pariah’ state, the key issue will be the keenness of the government to liberalise the insurance sector. At present, the structure of the sector resembles that of an unreformed communist state. Life insurance and long-term savings products appear to be almost non-existent. Bimeh Iran, the government’s own insurer, has a crushing domination of the market. Most of the rest of the market is spoken for by three other insurers which were nationalised in the wake of the revolution of 1979. The government has recently permitted the establishment of private sector insurance companies. It appears that these groups - all of which are entirely locally owned - are more dynamic than the state owned insurers. Nevertheless, they lack economies of scale and are at a disadvantage in a world where no Iranian company can easily access global capital markets.

It is just possible that liberalisation could include the opening of the insurance market to major multi-nationals (or, perhaps, non-US multinationals). In this event, Iran could become one of the world’s most exciting insurance markets. However, we see this outcome as a ‘wildcard’ which is unlikely to appear anytime soon.

Key Features Of This Report & Likely Future Changes
As we envisaged earlier this year, this report includes a completely new and updated Analysis of Competitive Conditions. We have looked at the corporate websites of around 60 companies to assess where they are active in the non-life and/or the life segments. We have also considered the likely growth in absolute premiums, both for the 36 countries that we survey, and for 24 others. A key observation is that there are many countries where the numbers of cross-border insurance companies are surprisingly large, given the scale of the market opportunity: conversely, there is a number of countries where the cross-border insurance companies that are present are surprisingly small.

In the third quarter of 2006, we hope to improve the Analysis of Competitive Conditions and to include actual premium statistics for the end of 2005.

To know more and to buy a copy of your report feel free to visit: http://www.bharatbook.com/Market-Research-Reports/Insurance-Report-Iran.html

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