Aarkstore || Asia Pacific Insurance Market Outlook to 2015 – Driving Home the Global Dema
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Asia Pacific Insurance Market Outlook to 2015 – Driving Home the Global Demand
The Report titled “Asia Pacific Insurance Market Outlook to 2015 – Driving Home the Global Demand” provides an in-depth analysis of the Asia Pacific insurance industry. The report covers specific insights on the market size, insurance density, insurance penetration and segmentation, drivers and restraints, recent trends and developments and future outlook of the insurance industry in Asia Pacific and in the five countries including the Japan, China, South Korea, India and Australia. The report also entails the market size on the basis of gross insurance premium written in case of life and non-life insurance and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire Asia Pacific insurance industry.
Insurance Industry in Asia Pacific
The future in the region is expected to be more or less the same as that witnessed in historical period. The demand for insurance in the region is expected to continue at the same pace. Huge population base in China and India would add to the growing demand. The gross premium for life insurance is expected to increase from USD ~ million in 2009 to USD ~ million in 2015. The non-life premium market is expected to register a CAGR of ~% from 2009-2015. The premium is anticipated to increase from USD ~ million in 2009 to USD ~ million in 2015. The gross total insurance premium is also expected to increase from USD ~ million to USD ~ million in 2015 at a CAGR of ~%.
Climbing interest rates would have a positive effect on the insurer’s investment returns although will put pressure on available capital. Rising inflation would be a cause of concern in the region which could have a negative bearing on the insurers claim costs. There would be more strengthening of the risk based capital principles and also expect it to be used more commonly. This would insert more pressure on the financial position of the insurers and would raise their requirement for capital. Insurers should concentrate on underwriting and risk management and keep into consideration that the premium rates are adequate to cover the rising risk exposures.
Japan
Japan witnessed a slight decrease in the life premium for the year 2009. The insurance market in Japan is considered to be saturated which is one of the primary reason for insurers to look out for more lucrative markets such as that of China and India. Weak motor and marine sector meant that the non-life premium market in Japan registered a decline of ~% in the growth rate in 2009 and reached USD ~ million.
In case of life insurance, the density is expected to increase and reach USD ~, an increase of ~% from 2009-2015. The non-life insurance density would also increase from USD ~ in 2009 to USD ~ in 2015 at a CAGR of ~%. Total insurance density is expected to grow at a CAGR of ~% in the forecasted period and would reach USD ~ by 2015.
Table of Contents :
1. Asia Pacific Insurance Market
1.1. Asia Pacific Insurance Market Introduction
1.2. Asia Pacific Insurance Market Drivers
1.3. Asia Pacific Insurance Market Restraints
1.4. Asia Pacific Life and Non-Life Insurance Market Size by Value, 2001-2015
1.5. Asia Pacific Insurance Density, Premium per Capita, USD, 2001-2015
1.6. Asia Pacific Life and Non-Life Insurance Penetration, Premium in % of GDP, 2001-2015
1.7. Asia Pacific Insurance Market Segmentation
1.7.1. By Geography, 2009 and 2015
1.7.2. By Product, 2009 and 2015
1.8. Asia Pacific Insurance Market Recent Trends and Developments
1.9. Asia Pacific Insurance Market Future Outlook
1.10. Japan Insurance Market
1.10.1. Japan Insurance Market Introduction
1.10.2. Japan Life and Non-Life Insurance Market Size by Value, 2001-2015
1.10.3. Japan Life and Non-Life Insurance Density, Premium per Capita, USD, 2001-2015
1.10.4. Japan Life and Non-Life Insurance Penetration, Premium in % of GDP, 2001-2015
1.10.5. Japan Insurance Market Segementation by Product, 2009 and 2015
1.10.5.1. Japan Non-Life Insurance Market
1.10.6. Japan Insurance Competitive Landscape, 2010
1.10.7. Japan Insurance Market Future Outlook
1.11. China Insurance Market
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