Insurance Industry - Global Outlook

Global Industry Analysts, Inc, January 2012, Pages: 506

The global outlook series on the Insurance Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. Illustrated with 68 fact-rich market data tables, the report offers a rudimentary overview of the industry and highlights latest trends and demand drivers. Regional markets briefly abstracted and covered include United States, Canada Europe (France, Germany, Italy, United Kingdom, Spain, and Russia among others), Asia Pacific (Japan, Australia, New Zealand, China, Hong Kong, India, Malaysia, Singapore, South Korea, Taiwan and Vietnam), Middle East, and Latin America (Argentina, Brazil, and Mexico.

The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 2143 companies worldwide.

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INSURANCE INDUSTRY

A GLOBAL OUTLOOK, JANUARY 2012

CONTENTS

1. INDUSTRY OVERVIEW 1
Overview 1
Insurance Density and Penetration 2
Table 1: Insurance Density in the Global Market (2011):
Breakdown of Premium Per Capita (In US$) by Select Countries 2

Table 2: Insurance Penetration in the Global Market (2011):
Breakdown of Market Penetration Rates (in %) by Select
Countries 3
Industry Paradigm Shifts 3
Outlook 4
Table 3: Global Market for Insurance by Geographic Region -
USA, Canada, Europe, Asia-Pacific (including Japan), Latin
America, and Rest of World Markets Independently Analyzed
with Annual Premiums in US$ Billion for Years 2010 through
2015 5

Table 4: Global 5-Year Perspective for Insurance Industry by
Geographic Region - Percentage Share Breakdown of Annual
Premium for US, Canada, Europe, Asia-Pacific (including
Japan), Latin America, and Rest of World Markets for Years
2011 & 2015 6
Emerging Markets Take Center Stage 6
“Look East Policy” of Investors 7
Mix of the Strategies 7
Key Market Drivers, Trends & Issues 7
The New Risk Management Culture Bodes Well for the Insurance
Industry 7
Insurance Brokerage Firms Expand their Offerings to Include
Full Suite of Risk Management Services 8
Insurance for Valuable Collections - An Excellent Opportunity
for Insurance Firms 8
Table 5: HNWI Population Worldwide (2011): Breakdown of
Number of High- Net-Worth Individuals (HNWIs) by Geographic
Region 9

Table 6: HNWI Wealth Worldwide (2011): Percentage Share
Breakdown of HNWI Wealth Value by Geographic Region 9
Environmental Risk Insurance - An Emerging Opportunity 9
Robust Demand in Store for Kidnap and Ransom Coverage And
Insurance 10
Consolidations Continue 10
Graying of Baby Boomers Boost Insurance Market 10
Bancassurance Gains Wide Acceptance 10
New Regulations Improve Corporate Governance 10
Credit Insurance Sector Poised for Substantial Growth 11
Anti-Money Laundering Laws for Insurers 11
Global Warming Posing Threat to Insurance Industry 11
Traditional Regulations Plague Insurance Markets 11
Review of Global Insurance Market by Sector 12
Table 7: Global Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premiums by Segment - Life
Insurance & Non-Life Insurance 12
Life Insurance 13
Renewed ‘Life’ in the Market 13
Changing Landscape 13
Regional Markets 13
Table 8: Global Market for Life Insurance (2011) -
Percentage Share Breakdown of Annual Premiums by
Region/Country - USA, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America, and Rest of World Markets 14
Bright Spots 14
Robust Opportunities in Store 14
Rising Healthcare Costs Prop Up Health Insurance Volumes 15
Table 9: US Annual Healthcare Expenditure (In US$ Billion)
for Years 2007 Through 2015 15
Non-Life Insurance 15
Table 10: Global Market for Non-Life Insurance (2011) -
Percentage Share Breakdown of Annual Premiums by
Country/Region - US, Canada, Japan, Europe, Asia-Pacific
(Excluding Japan), Latin America and Rest of World Markets 16
Auto Insurance 16
Homeowners’ Insurance 16
Health Insurance 17
Global Health Care Industry - Opportunities Abound 17
Marine Insurance 18
Table 11: Global Marine Insurance Industry (2011):
Percentage Breakdown of Premiums by Region - Asia-Pacific,
Europe, North America, andRest of World 18
Political Risk Insurance 18
Competitive Landscape 19
Table 12: Top-10 Insurance Companies in the Global Market
(2010): Breakdown of Revenues in US$ Billion by Leading
Players 19
Top-10 Life/Health Insurance Companies in the Global Market
(2010): Players Ranked on Basis of Annual Revenue 20
Top-10 Players Property/Casualty Insurance Companies in the
Global Market (2010): Players Ranked on Basis of Annual
Revenue 20
Global Reinsurance Industry - A Review 20
Intensification of World Reinsurers 21
Leading Global Reinsurers 21
Table 13: Global Reinsurance Industry (2010): Breakdown of
Net Reinsurance Premiums Written in US$ Billion by Leading
Players 21
Global - Multi-line Insurance 21
Competitive Landscape 22
Leading Players 22

2. MERGERS AND ACQUISITIONS 23

3. STRATEGIC CORPORATE DEVELOPMENTS 81

A REGIONAL MARKET PERSPECTIVE 87

1. UNITED STATES 87
Industry Overview 87
Current Market Scenario 87
Table 14: Insurance Industry in North America (2011):
Percentage Share Contribution of Direct gross insurance
premiums to GDP by Country 87
Market consolidation 87
Market Analysis By Segment 88
Table 15: US Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premiums by Segment - Life
Insurance & Non-Life Insurance 88
Life Insurance 88
Challenges in the US Life Insurance Industry 89
Changing Face of Life Insurance Distribution 89
Non-Life Insurance 89
Property & Casualty Insurance 89
Challenges Facing the Property/Casualty Industry 90
An Overview of Arson 90
Health Insurance 91
Market Parameters 91
Factors Affecting Growth 91
Agricultural Insurance - Demand to Grow 92
Home Insurance Coverage 92
Seven Basic Kinds of Home Insurance Policies 92
Covered and Not Covered Events of Casualty/Damage in Home
Insurance 94
Homeowners Insurance Policies - Private Insurers Repulsing 94
Deductibles in Homeowners Insurance 94
Renters Insurance in Brief 95
Marine Insurance 96
Construction Insurance - Shrinking Coverage 96
Liability Insurance - A Major Concern 96
Space Insurance 98
Trouble Brewing in the US Space Insurance Industry 98
Space Tourism to Propel the Future 98
Regulatory Issues 98
Pet Insurance 99
Travel Insurance - Key Statistics 99
Table 16: US Travel Insurance Market (2011): Percentage
Market Share Breakdown by Type of Travel Insurance 100
Auto Insurance 100
Types of Auto Insurance Coverages 100
Auto Insurance Premiums: A Review 101
Factors Affecting Insurance Premium 102
US Auto Insurers Gear Up to Tap Generation Y Market 102
Reinsurance 102
Online Life and Health Insurance 103
Overview 103
Market Trends and Issues 103
Trends Prevailing in the Industry 103
Regional Insurers Gain Ground 104
‘Risk’ is the Bait for Business 104
Small Insurers Keep Afloat 104
US Insurance Industry Hit Hard by Global Climate Change 104
Need to Overcome Hurdles 105
Insurance Frauds - A Major Challenge to the Industry 105
Insolvencies 105
Managing Solvencies/Insolvencies 107
Guaranty Funds 107
Mails Play a Vital Role in the US Insurance Industry 108
Demand for LTC Insurance Likely to Pop Up 109
LTC Insurance Witnesses Rapid Consolidation and Stricter
Underwriting 109
Life/Health Insurance Companies in Transition Mode 109
Individual Disability Insurance Market Makes a Turnaround 109
Competitive Landscape 110
Functioning of Insurance Companies 110
Comparative Study of the US vis-à-vis Europe 110
Outlook 111

2. CANADA 112
Market Overview 112
Table 17: Canadian Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premiums by Segment - Life
Insurance & Non-Life Insurance 112
Mergers & Acquisition and Overseas Sales: Driving the Market 113
Insurance-Related Organizations and their Functions 113
Insurance Rate System 114
Insurance Types & Coverage 114
Property 114
Boiler and Machinery 114
Crime 114
Marine 115
Engineering/Construction 115
Automobile 115
Liability 115
Workers Compensation/Employers Liability 116
Reinsurance 116
Trends 116
Industry Shows Glimpse of Maturity 116
Changing Face of Canadian Insurance Distribution 117
Fraud Detection System 117
Two-Tiered Landscape 117
The Traditional Channel 117
Career Agency System 117
Direct Brokerages 118
The Contemporary Channel 118
National Distribution Model 118
Distribution Consolidators 118
Bank Distribution 118
IDA Firms Witness Decline in Insurance Sales 119
Property & Casualty Insurance 119
A Fragmented Industry 119
Key Issues 119
Mounting Health Care Costs Threaten Industry 119
Stringent Regulations Create Market Imbalance 120
Frequent Natural Disasters Hamper Industry’s Growth 120
High Taxes Burden Industry 120
Insurance Crimes on Rise 121
Regulatory Framework 121

3. EUROPE 122
Industry Overview 122
The Changing Face of the European Insurance Market 122
Deregulation Regulating the Market’s Growth? 122
Outlook 123
UK Leads the Way 123
Table 18: European Market for Insurance by Geographic Region
- France, Germany, Italy, UK, Spain, Russia, Rest of Europe
Markets Independently Analyzed with Annual Premiums in US$
Billion for Years 2010 through 2015 124

Table 19: European 5-Year Perspective for Insurance Industry
by Geographic Region - Percentage Share Breakdown of Annual
Premiums for France, Germany, Italy, UK, Spain, Russia, Rest
of Europe Markets for Years 2011 & 2015 125

Table 20: Insurance Industry in Europe (2011): Percentage
Share Contribution of Direct gross insurance premiums to GDP
by Select Country 126
Eastern Europe Promises Huge Potential 126
Major Trends 126
Changing Market Environment 126
Europe Leads in Bancassurance 127
Table 21: European Life Assurance Products Market (2011):
Percentage Breakdown of Number of Products Sold through
Banks in Select European Countries 127
Competition Rules 128
Multi-Trip Policies Gaining Attention 128
Analysis by Segment 128
Life-Insurance 128
Table 22: European Life Insurance Market (2011): Percentage
Share Breakdown of Value of Life Premiums by Type of
Contract 128
Non-Life Insurance 128
Table 23: European Property & Casualty and Accident
Insurance Market (2011): Breakdown of Premiums by Type of
Product 129
Health Insurance 129
Travel Insurance 129
In Sync with Health Insurance 129

3a. FRANCE 130
Market Overview 130
Table 24: French Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premiums by Segment - Life
Insurance & Non-Life Insurance 130
Life Insurance 130
Non-Life Insurance 130
Property and Casualty Insurance: Market Overview 130
Commercial Property Insurance 131
Health Insurance 131
Auto Insurance 131
High Mortalities from Auto Accidents 131
Marine Aviation Transport (MAT) Insurance 132
Distribution Channels Play a Vital Role 132
Table 25: French Life Insurance Market (2011): Percentage
Share Breakdown of Life Insurance Premiums (Gross Written
Premiums) by Type of Distribution Channel 132

Table 26: French Non-Life Insurance Market (2011): Percentage
Share Breakdown of Non-Life Insurance Premiums (Gross Written
Premiums) by Type of Distribution Channel 133

3b. GERMANY 134
Market Overview 134
Insurance Penetration in German Households 134
Table 27: German Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premiums by Segment - Life
Insurance & Non-Life Insurance 134
Non-Life Insurance Sector - A Review 135
Health Insurance - Key Focus Area 135
Principal Issues 135
Key Distribution Statistics 136
Table 28: German Life Insurance Market (2011): Percentage
Share Breakdown of Life Insurance Premiums (Gross Written
Premiums) by Type of Distribution Channel 136

Table 29: German Non-Life Insurance Market (2011): Percentage
Share Breakdown of Non- Life Insurance Premiums (Gross
Written Premiums) by Type of Distribution Channel 136

3c. ITALY 137
Market Overview 137
Insurance - A Move Towards Rationalization 137
Banks in the Italian Insurance Business 137
Analysis by Segment 137
Table 30: Italian Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premiums by Segment - Life
Insurance & Non-Life Insurance 138
Distribution System in Italian Insurance Industry 138
Table 31: Italian Life Insurance Market (2011): Percentage
Share Breakdown of Life Insurance Premiums (Gross Written
Premiums) by Type of Distribution Channel 138

Table 32: Italian Non-Life Insurance Market (2011):
Percentage Share Breakdown of Non- Life Insurance Premiums
(Gross Written Premiums) by Type of Distribution Channel 139
Competition 139
Table 33: Life Insurance Market in Italy (2010): Percentage
Share Breakdown of Gross Written Premiums (GWP) by Company 139

Table 34: Non-Life Insurance Market in Italy (2010):
Percentage Share Breakdown of Gross Written Premiums (GWP) by
Company 139

3d. UNITED KINGDOM 140
Market Overview 140
Outlook 140
Future Trends 140
Consumer Trends 141
Consumer Preferences 141
Analysis by Market Segment 141
Table 35: UK Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premiums by Segment - Life
Insurance & Non-Life Insurance 141

Table 36: UK Long Term Insurance Market (2011): Percentage
Share Breakdown of Net Premium Income by Type of Premium -
Single Premium or Regular Premium 142
Motor Insurance Offer Low Returns on Capital 142
Other Noteworthy Trends 142
Mutual Insurance Gains Ground 142
Online Insurance on Rise 142
Other Key Statistics 143
Table 37: UK Insurance Market (2011): Percentage Share
Breakdown of Net Written Premiums by Risk Type 143

Table 38: UK Life Insurance Market (2011): Percentage Share
Breakdown of Life Insurance Premiums (Gross Written Premiums)
by Type of Distribution Channel 143

Table 39: UK Non-Life Insurance Market (2011): Percentage
Share Breakdown of Non-Life Insurance Premiums (Gross Written
Premiums) by Type of Distribution Channel 143

Table 40: UK Personal Motor Insurance Market (2011):
Percentage Share Breakdown of Gross Written Premium (GWP)
Distributed by Distribution Channel 144

Table 41: UK Travel Insurance Market (2011): Percentage Share
Breakdown of Gross Written Premium (GWP) Distributed by
Distribution Channel 144

Table 42: Taxes on Insurance Companies in UK (2011):
Percentage Share Breakdown of Tax Value Borne by Companies by
Tax Type 144

3e. SPAIN 145
Industry Overview 145
Review of Sectors 145
Life Insurance 145
Life and Pensions Sector - Growing Robustly 145
Growth Barriers 145
Medical Insurance 145
Distribution/Marketing Channels 146
Table 43: Spain Life Insurance Market (2011): Percentage
Share Breakdown of Life Insurance Premiums (Gross Written
Premiums) by Type of Distribution Channel 146

Table 44: Spain Non-Life Insurance Market (2011): Percentage
Share Breakdown of Non- Life Insurance Premiums (Gross
Written Premiums) by Type of Distribution Channel 146

3f. RUSSIA 147
Industry Overview 147
Insurance Industry Outpaces GDP Growth 147
Role of Foreign Insurers in Russia 147
Review of the Sectors 147
Life and Savings Market 147
Automobile Insurance 148
Outlook 148

3g. REST OF EUROPE 149

3ga. GREECE 149
Market Overview 149

3gb. LITHUANIA 150
Market Overview 150

3gc. NETHERLANDS 151
Industry Overview 151
Review of the Sectors 151
Table 45: Netherlands Insurance Market (2011) - Percentage
Share Breakdown of Value of Insurance Premium by Segment -
Life Insurance & Non-Life Insurance 151
Life Insurance - Growing Significantly 151
Health/Disability Insurance 152

3gd. SCANDINAVIA 153
Unit Linked Business in Scandinavia 153
A Prosperous Region 153
Good Prospects 153
Baltic Countries: Pension Reforms - Agenda for Growth 153

3ge. SWITZERLAND 154
Industry Overview 154
Outlook 154

3gf. BELGIUM 155
Market Overview 155
Life Insurance 155

3gg. CENTRAL AND EASTERN EUROPE 156
Market Overview 156
Life Insurance Sector Flourishing 156
Motor Insurance Stimulates Growth in Non-Life 156

3gh. CZECH REPUBLIC 157
Industry Structure 157
Financial Services Companies 157
Outlook 157
Headed for a Reforms-Driven Growth 157
Competitive Scenario 158
Table 46: Czech Republic Non-Life Insurance Market (2010):
Breakdown of Gross Written Premiums of Leading Companies 158

Table 47: Czech Republic Life Insurance Market (2010):
Breakdown of Gross Written Premiums of Leading Companies 158

3gi. DENMARK 159
Market Overview 159
Competitive Landscape 159

3gj. FINLAND 160
Market Overview 160
Financial Services Convergence Takes Wings 160
Competitiveness Reaches New Heights 160
Forming Alliances: Order of the Day 160

4. ASIA-PACIFIC 161
Market Overview and Outlook 161
Table 48: Asia-Pacific Market for Insurance by Geographic
Region - Japan, China, India, Australia, Hong Kong, South
Korea, and Rest of Asia-Pacific Markets Independently
Analyzed with Annual Premiums in US$ Billion for Years 2010
through 2015 162

Table 49: Asia-Pacific 5-Year Perspective for Insurance
Industry by Geographic Region - Percentage Share Breakdown of
Annual Premiums for Japan, China, India, Australia, Hong
Kong, South Korea, and Rest of Asia- Pacific Markets for
Years 2011 & 2015 163
Potential of the Asia-Pacific Region 163
Bancassurance Growing Swiftly 164
Life and Health Reinsurance Market 164
Property & Casualty Insurance Market 164

4a. JAPAN 165
Industry Review 165
Japan - The Second Largest Insurance Market Worldwide! 165
Foreign Players Make Presence Felt 165
Foreigners’ Reign 165
Analysis by Market Segment 166
Table 50: Japanese Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premium by Segment - Life
Insurance & Non-Life Insurance 166
Life Insurance on Brink of Saturation 166
Non-Life /P&C/General Insurance 166
Distribution 167
Automobile Insurance 167
Fire Insurance 167
Personal Accident Insurance 167

4b. AUSTRALIA 168
Industry Overview 168
An Effective Distribution System 168
Review of the Sectors 168
Life Insurance 168
General/Non-Life Insurance 169
Health Insurance 169
Reinsurance Industry 170

4c. NEW ZEALAND 170
Market Overview 170
Regulatory Framework 170

4d. CHINA 171
Market Overview 171
Market Trends and Issues 171
Rise in Foreign Insurers Energize Insurance Market 171
Deregulation of Insurance Industry Boosts Growth of P&C
Insurance Sector 171
Chinese Export Credit Insurance Market Picking Up 172
High Savings Rates Prop Growth 172
Market Segments 172
Table 51: Chinese Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premium by Segment - Life
Insurance & Non-Life Insurance 172
Life Insurance Market 172
A Marked Tilt Towards Life 172
Boom in Auto Market - A Boon for Auto Insurance Segment 173

4e. HONG KONG 174
Market Overview 174
A Leading Insurance Market in Asia-Pacific 174
Strong Foothold of Foreign Insurers 174
Long Term Insurance Services 174
CEPA Agreement Sparks Growth in Hong Kong Insurance Market 175
Multi-Channel Distribution Grows in Popularity 175
Non-Life/General Insurance 175

4f. INDIA 176
Market Overview 176
A Promising Market 176
New Distribution Channels Gaining Acceptance 176
Industry Perspective 177
Table 52: Indian Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premiums by Segment - Life
Insurance & Non-Life Insurance 177
Life Insurance 177
Penetration of Life Insurance 177
Table 53: Life Insurance Market in India (2011): Percentage
Breakdown of Premium Income by Sector - Government Sector,
and Private Sector 178
Non-Life Insurance 178
Table 54: Non-Life Insurance Market in India (2011):
Percentage Breakdown of Premium Income by Sector -
Government Sector, and Private Sector 178
Outlook 178
Competition 179
Table 55: Indian Non-Life Insurance Market (2010): Breakdown
of Gross Written Premiums of Leading Companies 179

Table 56: Indian Life Insurance Market (2010): Breakdown of
Gross Written Premiums of Leading Companies 180

4g. MALAYSIA 181
Market Overview 181
A Booming Insurance Industry 181
Innovative Policies and Measures Reinforce Insurance Sector 181

4h. SINGAPORE 183
Market Overview 183
Among the Most Prominent Reinsurance Centers 183
Steps in the Right Direction 183
Government’s Support Drives the Growth of Insurance Market 184
Tax Exemption Scheme for Offshore Marine Hull & Liability
Insurance Business 184
Abolition of Withholding Taxes on Financial Guarantee
Insurance Contracts 184
Scheme for Tax-Deductible Special Reserves 184
Life Insurance 184
Property & Casualty Insurance 185

4i. SOUTH KOREA 186
Market Analysis by Segment 186
Table 57: Korean Insurance Market (2011) - Percentage Share
Breakdown of Value of Insurance Premium by Segment - Life
Insurance & Non-Life Insurance 186
Major Trends 186
Chinese Market Offers Greener Pastures for Korean Insurers 186
Online Motor Insurance Rapidly Gaining Ground 186
Bancassurance Boosts Life Insurance Market 187
But also Brews Rift Between Banks and Insurers 187

4j. TAIWAN 188
Market Overview 188
Life Insurance 188
Trends 188
Interest Rate Environment Restricts Growth of Life Insurance
Products 188
Opportunity to Expand to Mainland China Sparks Insurance
Industry Growth 188

4k. VIETNAM 189
Market Overview 189
Insurance Markets to Grow 189
Foreign Insurers Make Mark in Vietnamese Insurance Market 189
Foreign Insurers Increasingly Rely on Joint Ventures to Enter
Vietnamese Market 189

5. MIDDLE EAST 190
Market with Significant Potential 190
Table 58: Insurance Industry in Middle East (2011):
Percentage Share Contribution of Direct gross insurance
premiums to GDP by Select Country 190
Iraq Offers Great Opportunity for Insurance Industry 191
Major Challenges 191
Outlook 191
Reinsurance Sector 192
Life and Non-Life Insurance 192
United Arab Emirates (UAE) 192
Industry Overview 192
East Africa 193
Market Overview 193

6. LATIN AMERICA 194
Market Overview 194
Table 59: Latin American Market for Insurance by Geographic
Region -Argentina, Brazil, Mexico, and Rest of Latin America
Independently Analyzed with Annual Premiums in US$ Billion
for Years 2010 through 2015 194

Table 60: Latin American 5-Year Perspective for Insurance
Industry by Geographic Region - Percentage Share Breakdown of
Annual Premiums for Argentina, Brazil, Mexico, and Rest of
Latin American Markets for Years 2011 & 2015 195
Private Pension and Life Insurance - In the Growth Mode 195
The Foreign Dominion 195
Changing Face of Reinsurance 196
Infrastructure Development Attracts Foreign Investment 196

6a. ARGENTINA 197
Market Overview 197
Foreign Participation - Positive for the Market 197

6b. BRAZIL 198
Market Overview 198
Table 61: Adult Insurance Market in Brazil (2011): Percentage
Breakdown of Number of Individuals with Insurance by Region 198

Table 62: Household Penetration of Insurance in Brazil
(2011): Percentage Breakdown of Number of Households with
Insurance by Area 198

Table 63: Brazilian Insurance Market (2011): Percentage of
Monthly Household Expenditure on Insurance by Area 199

Table 64: Brazilian Insurance Market (2011): Percentage of
Monthly Household Expenditure on Insurance by Region 199
Banks and Foreign Capital - The Lifeblood of Brazilian
Insurance Industry 199
Life and Health Insurance - Growth Avenues of Future 199
Major Perils 200
Competition 201
Table 65: Brazilian Non-Life Insurance Market (2010):
Breakdown of Gross Written Premiums of Leading Companies 201

Table 66: Brazilian Life Insurance Market (2010): Breakdown
of Gross Written Premiums of Leading Companies 202

6c. MEXICO 203
Market Overview 203
Competitive Landscape 203
Outlook 203
Auto Insurance 203

6d. PERU 204
Key Player Statistics 204
Table 67: Non-Life Insurance Market in Peru (2010): Breakdown
of Gross Written Premiums of Leading Companies 204

Table 68: Life Insurance Market in Peru (2010): Breakdown of
Gross Written Premiums of Leading Companies 204

GLOBAL DIRECTORY

- Aachener/Mchn. Leben
- ACE Insurance
- Aetna
- AGF
- AGF Brasil
- Agf Brasil Seguros
- AIA
- AIA
- AIA (Guangzhou)
- AIA (Shanghai)
- AIG
- AIG Life Ins
- AIG/Norwich Union
- Aioi
- Alfa
- Alianca do Brasil
- ALICO
- Alleanza
- Allgemeine Vers.
- Alliance
- Allianz
- Allianz Bajaj
- Allianz Singapore
- Allianz Vers.
- Allied Dunbar
- Allstate Insurance
- Allstate Life Ins
- America Aetna
- American Family
- American General Life Ins
- American Home
- American International Group
- American Intl. Group
- AMP Sanmar/Reliance
- Asahi
- Asia Insurance
Some of the Companies mentioned include:

- Aviva
- Aviva Life
- AXA
- AXA China
- Axa Equitable Life
- AXA General
- AXA Leben
- Axa Re
- AXA Singapore
- Axa Sun Life
- AXA Vers.
- Bajaj
- Bamerindus
- Bank of China Group
- BaoMinh
- BaoMinh CMG
- BaoViet
- Barclays Life
- Birla Sunlife
- Black Horse Life
- Blue Cross & Blue Shield
- Bolivar
- Bradesco
- Bradesco Segurossul
- Bradesco Vida
- Britannia Life
- Buenos Aires
- Caixa
- Caja Seguros
- Caja Seguros Vida
- Canada Life
- Casualty Group
- Cathay Century
- Central
- CGU
- CGU Life
- Chilena Consolidada
- China Life
- China Pacific Life
- Chinga
- CitiGroup
- CMG Asia
- CNA Ins.
- Coburg
- Colonial Life & Accident Ins
- Colseguros
- Combined Federal
- Commercial Property
- Compania Agricola de Seguros
- Connecticut General Life Ins
- Conseco Life Insurance
- Consolidar
- Consorcio
- Continental Casualty Group
- Continental Assurance
- Co-operators
- Copenhagen Re
- COSESP
- Creditras
- CREF Life Ins
- Cristobal
- Cristobal
- Cruz del sur
- Daehan
- Daido
- Dai-Ichi
- Debeka Leben
- Desjardins
- Desjardins Financial
- Dominion
- Dongbu
- DT. Herold Leben
- Eagle Star
- ECGC
- Economical
- Employers Reassurance
- ERC
- Estado
- Estrella Retiro
- Everest Re
- Farmers Insurance Group
- Federacion Patronal
- Fideuram
- Finecovita
- First
- First Colony Life Insurance
- First Penn Pacific Life Ins
- Fubon
- Fuji
- General
- General & Cologne Life Re
- General Cologne Re
- General Electric Capital Asr
- Generali
- Gerling
- Gerling-K. Allgemeine
- Gerling-K. Leben
- Golden Rule Insurance
- Gothaer Allg. Vers. AG
- Great-West Life
- Hamb. Mannheimer LV
- Hang
- Hannover Re
- Hartford Fire Group
- Hartford Ins. Group
- Hartford Life
- HDFC
- Health Insurance
- Healthy Alliance Life Ins
- HKSI
- HSBC Insurance
- HSBC Life
- HSBC Seguros
- HSBC-Buenos Aires
- HSBC-NYL Retiro
- HSBC-NYL Vida
- HUK-
- Hungkuk Life
- Hyundae
- IAG
- Icatu Hartford
- ICICI Lombard
- ICICI Prudential
- IDS Life Ins
- IFFCO-Tokio
- Ina
- Indemnity Co. Group
- India
- Individual Life Insurance In-Force
- Industrial Alliance Life
- ING
- ING Life
- ING Vysya
- Insurers’ Net Premiums Written in US$
- Interamericana
- Internacional Vida
- International
- Intesa
- IOF Foresters
- IRB-Brasil
- Itau
- ITAU
- Itau Seguros
- ITAU Vida
- Itau Vida Previdencia
- Kemper
- Korea Life
- Kumho Life
- Kyobo Auto
- Kyobo life
- Kyoei
- La Construccion
- Las Americas
- Latin American Re
- Le Mans Re
- Leben
- Lebensvers. AG
- Legal &
- LG
- Liability
- Liberty
- Liberty Mutual Group
- Liberty Insurance
- Liberty Mutual
- LIC
- Life
- Life Assur
- Life Insurance
- Life of the South Ins
- London Life
- LVM Sach
- Mahindra
- Manufacturers Life
- Manulife
- Manulife (International)
- Mapfre
- Mapfre Aconcagua
- Mapfre Re
- Maritima Segurossasse Cia. Nacional de
- Maritime Life
- Market Parameters
- Max New York Life
- Meiji
- Meridional
- Met Life
- Midl Life
- State Farm Mutual Group
- Ming An
- Mingtai
- Mitsui
- Mitsui Sumitomo
- Montepaschi
- Mony Life Ins
- Munich Re
- Mutual of America Life Ins
- Nacion
- Nacion Retiro
- Nacional de Seguros
- National
- National Life Insurance
- Nationwide
- Nationwide Group
- NatWest Life
- New China Life
- New India
- Nichido
- Nippon
- NipponKoa
- Nissay Dowa
- Nisshin
- Non-Cancelable Premiums Less

- Ohio National
- Om Kotak
- Omega
- Oriental
- Origenes Retiro
- Pacific
- Pacific Century
- Pacific Life & Annuity
- Pan American Life Ins
- PartnerRe
- Personal Property
- Phoenix Life Ins
- Ping An
- PJICO
- Porto
- Poste Vita
- Previsora
- Principal
- Principal Life Insurance
- Progressive
- Promina
- Property Casualty Insurance
- Property & Casualty Insurance
- Provincia
- Provincia Art
- Pruco Life Insurance
- Prudential
- Prudential (UK)
- PV insurance
- QBE
- R+V
- Re
- Real
- Reassure America Life Ins
- Reinsurance Group of America
- Reliance
- Reliastar Life Insurance
- Royal & Sun
- Royal & Sun Alliance
- SA & London Insurance
- SAGI - Captive
- Samsung
- Samsung Life
- San
- Sancor
- Sanpaolo
- Santer
- SBI Life
- SCOR
- Scottish Windows
- Security Connecticut Life Ins
- Seguros
- Seguros Colpatria
- Seguros de Vida
- Seguros e Previdenciaporto Seguro Cia. De
- Seguros Gerais
- Seguros Geraissul America Companhia
- Seng Insurance
- Seng Life
- Seoul Guarantee
- Shin Kong
- Shindongha
- Shinhan Life
- Siembra /
- Siembra Vida
- SK Life
- Sompo Japan
- Sorema
- Ssangyong
- St Paul Re
- St. Paul
- St. Paul Fire
- Stard Life
- State Comp Fund California
- State Farm
- Sul America
- Sumitomo
- Sun Life of Canada
- Suncorp
- Suramericana
- Swiss Re
- Tai Kang Life
- Taiping Life
- Taiyo
- Tata AIG
- The Property Casualty Insurance Compensation Corporation
- The Traveler Ins
- TIAA
- Tokio Marine
- Tong
- Transamerica Life Canada
- Transatlantic Re
- Travelers Hartford
- Travelers PC Group
- Trustmark Insurance
- Unibanco
- Unibanco Seguroshsbc
- Union Central life Insurance
- United India
- United Services Automobile Assurance Group
- United Teacher Associates
- US But of Canada file Assur
- USA Life Ins
- USAA Life Insurance
- Vera Cruz Vida
- Victoria Leben
- Victoria Vers.
- Volksfuersorge DT. LV
- Wawanesa
- Wesfarmers
- West Coast Life Ins
- Winterthur Life
- Wurtt. Vers.
- Yang Life
- Yasuda
- Zhong Hong
- Zurich
- Zurich / Farmers Group
- Zurich Argentina
- Zurich Insurance Co. Group
- Zurich Re
- Zurich Vers. AG

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