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Viewing report
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The Future of Life: Forecast Highlights 2011
Datamonitor, Oct 2011, Pages: 24
The UK life industry needs to consider the factors that will impact the market and the changes that need to be made if it is to thrive and remain relevant to consumers.
Scope:
- Access complete forecasts for individual products within the protection and investment bond markets.
- Plan your distribution strategy effectively by knowing which channel is forecasted to proliferate in the next five years.
Highlights:
- The total life market will witness a compound annual growth rate of 2.7% between 2011 and 2015. Even in the challenging face of uncertain macroeconomic conditions, the protection and investment bond markets are forecasted to grow by 3.5% and 2.1% respectively over the next five years.
- Term assurance will continue its dominance within the overall protection market, but whole-of-life and long-term care products will be the greatest areas of growth for the life industry, with forecast CAGRs of 12.2% and 11.0% respectively.
- For the investment bond market, the 'guaranteed' sector is anticipated to grow over the next five years. This growth will be driven by a new entrant to the market, and investors' continuing wariness of equities will keep the product in demand.
Reasons to buy:
- How will macroeconomic factors impact on the growth of the protection and investment bond markets?
- Which factors inhibit the growth of income protection and critical illness in relation to other protection products?
- Which investment bond category will prove to be resilient in the next five years?
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