Property Insurance in Emerging Asia

  • ID: 4283115
  • Report
  • Region: Asia
  • 70 pages
  • GlobalData
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The 'Insight Report: Property Insurance in Emerging Asia' analyzes the rapidly growing economies in Emerging Asia, and identifies opportunities in the midst of economic growth and low insurance penetration.

A shift in the global economic landscape is evident, as growth in developed economyies remains sluggish while emerging economies drive global growth. Strong domestic demand, government expenditure on infrastructure, and policy reforms are supporting growth in Emerging Asia.

The report also analyzes high-growth property insurance markets such as China, India, Indonesia, Thailand, Malaysia, the Philippines and Vietnam, focusing on property insurance sub-categories. The construction market's growth is one of the highest in the world, driven by rapid growth in urbanization.

The region’s susceptibility to natural catastrophes, ongoing political and cultural unrest, and dependence on the agricultural sector also add to the significance of property and casualty insurance. This has driven growth in the insurance industry, including property insurance in Emerging Asia.

Summary:

The 'Insight Report: Property Insurance in Emerging Asia'analyzes the rapidly growing insurance markets in Emerging Asia. It provides:
- An overview of Emerging Asian markets in terms of expansion of the economy and growth in property lines of insurance.
- Assessment of risks in Emerging Asia.
- Outlines of opportunities from underlying risks in Emerging Asian economies.
- An understanding of the significance of insurance as a tool for economic development.

Scope:
- This report provides a snapshot of property insurance in the Emerging Asian economies of China, India, Indonesia, Thailand, Malaysia, the Philippines and Vietnam.
- It provides the market sizes for property insurance in each Emerging Asian market, and also provides forecasts to 2020.
- It also provides market sizes for property insurance sub-categories.
- It outlines key performance indicators and the competitive landscape for each Emerging Asian market.

Reasons To Buy:

- Builds an understanding about the property insurance market in Emerging Asia.
- Develop an insight into market trends and drivers.
- Assess opportunities in the property insurance category.
- Access information about leading insurers and their market shares in the non-life segment.

Key Highlights:

- The direct written premium (DWP) for property insurance markets in Emerging Asia grew at a compound annual growth rate (CAGR) range of 7.06-12.99% during the review period, whereas the CAGR for other leading markets (the US, the UK, Germany, France and Japan) was between 2.44 and 4.92%. This is mainly because emerging economies are still in the developing stage, investing heavily in infrastructure.
- China is the largest property insurance market in Emerging Asia, with a DWP of US$20.9 billion in 2016, followed by India and Indonesia with US$3.7 billion and US$2.2 billion respectively. Moreover, the Chinese property insurance market with DWP valued at US$20.9 billion in 2016, is larger than insurance markets in Asia-Pacific such as Japan, Australia, South Korea and Singapore, with DWPs of US$19.3 billion, US$10.0 billion, US$7.9 billion and US$2.4 billion respectively in 2016.
- The insurance industry stands to be benefit from the presence of a robust manufacturing industry. A rise in manufacturing will also increase demand for property insurance such as fire and engineering products. Asia, particularly China and Southeast Asian nations, has been a hub of manufacturing for the world, playing a major role in global trade.
- The majority of growth in urbanization is taking place in emerging economies, and this will create demand for new forms of risk protection. Substantial opportunities lie ahead for the insurance industry, particularly the non-life segment and property insurance, as urbanization takes place rapidly in Emerging Asia. A rise in economic activity with ongoing industrialization will generate demand for a range of products in commercial lines of insurance, such as fire, engineering and natural catastrophe risk.
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1 Executive Summary
2 Overview of Emerging Asia Markets
2.1 Risk Assessment in Emerging Asia nations
2.2 Mapping Opportunities in Property Line Insurance
3 High Growth Property Insurance Markets
3.1 China
3.1.1 Economic overview
3.1.2 Market snapshot
3.1.3 Business opportunities
3.2 India
3.2.1 Economic overview
3.2.2 Market snapshot
3.2.3 Business opportunities
3.3 Indonesia
3.3.1 Economic overview
3.3.2 Market snapshot
3.3.3 Business opportunities
3.4 Thailand
3.4.1 Economic overview
3.4.2 Market snapshot
3.4.3 Business opportunities
3.5 Malaysia
3.5.1 Economic overview
3.5.2 Market snapshot
3.5.3 Business opportunities
3.6 Philippines
3.6.1 Economic overview
3.6.2 Market snapshot
3.6.3 Business opportunities
3.7 Vietnam
3.7.1 Economic overview
3.7.2 Market snapshot
3.7.3 Business opportunities
4 Conclusion
5 Definitions and Methodology
5.1 Definitions
5.2 Methodology
6 About
6.1 Contact
6.2 About
6.3 Services
6.4 Disclaimer

List of Tables:
Table 1: Categories of Risks
Table 2: Property Insurance - Key Performance Indicators (CNY Billion), 2011-2020
Table 3: Property Insurance - Direct Written Premium (CNY Billion) by Category, 2011-2020
Table 4: Key Construction Project and Tenders, 2016 - China
Table 5: Property Insurance - Key Performance Indicators (INR Billion), 2011-2020
Table 6: Property Insurance - Direct Written Premium (INR Billion) by Category, 2011-2020
Table 7: Key Construction Project and Tenders, 2016 - India
Table 8: Property Insurance - Key Performance Indicators (IDR Trillion), 2011-2020
Table 9: Property Insurance - Direct Written Premium (IDR Trillion) by Category, 2011-2020
Table 10: Key Construction Project and Tenders, 2016 - Malaysia
Table 11: Property Insurance - Key Performance Indicators (THB Billion), 2011-2020
Table 12: Property Insurance - Direct Written Premium (THB Billion) by Category, 2011-2020
Table 13: Key Construction Project and Tenders, 2016 - Malaysia
Table 14: Property Insurance - Key Performance Indicators (MYR Billion), 2011-2020
Table 15: Property Insurance - Direct Written Premium (MYR Billion) by Category, 2011-2020
Table 16: Key Construction Project and Tenders, 2016 - Malaysia
Table 17: Property Insurance - Key Performance Indicators (PHP Billion), 2011-2020
Table 18: Property Insurance - Gross Written Premium (PHP Billion) by Category, 2011-2020
Table 19: Key Construction Project and Tenders, 2016 - Philippines
Table 20: Property Insurance - Key Performance Indicators (VND Billion), 2011-2020
Table 21: Property Insurance - Direct Written Premium (VND Billion) by Category, 2011-2020
Table 22: Key Construction Project and Tenders, 2016 - Vietnam
Table 23: Insurance Industry Definitions

List of Figures:
Figure 1: Real GDP Growth Rate (%) - 2016
Figure 2: DWP Growth (%) in Non-life Segment , 2011-16 (Emerging Asia Vs Other Leading Markets)
Figure 3: DWP Growth (%) in Property Insurance, 2011-16 (Emerging Asia Vs Other Leading Markets)
Figure 4: Share of Global Manufacturing (%) - By Value Added
Figure 5: Emerging Asia - Property Insurance Markets KPIs (2016)
Figure 6: Property Insurance Market, China - Snapshot
Figure 7: Property Insurance Market - Direct Written Premium (CNY Billion), 2011-2020
Figure 8: China Non-Life Insurance - Market Share of Leading Insurers (%), 2015
Figure 9: China Property Insurance - Construction Value Output by Category (CNY Trillion), 2011-2016
Figure 10: Property Insurance Market, India - Snapshot
Figure 11: Property Insurance Market - Direct Written Premium (INR Billion), 2011-2020
Figure 12: India Non-Life Insurance - Market Share of Leading Insurers (%), 2015-2016
Figure 13: Indian Property Insurance - Construction Value Output by Category (INR Trillion), 2011-2016
Figure 14: Economic Overview (2016) - Indonesia
Figure 15: Property Insurance Market - Direct Written Premium (IDR Trillion), 2011-2020
Figure 16: Indonesian Property Insurance - Construction Value Output by Category (IDR Trillion), 2011-2016
Figure 17: Economic Overview (2016) - Thailand
Figure 18: Property Insurance Market - Direct Written Premium (THB Billion), 2011-2020
Figure 19: Thailand Non-Life Insurance - Market Share of Leading Insurers (%), 2015
Figure 20: Thailand Property Insurance - Construction Value Output by Category (THB Billion), 2011-2016
Figure 21: Economic Overview (2016) - Malaysia
Figure 22: Property Insurance Market - Direct Written Premium (MYR Million), 2011-2020
Figure 23: Malaysia Non-Life Insurance - Market Share of Leading Insurers (%), 2015
Figure 24: Malaysian Property Insurance - Construction Value Output by Category (MYR Million), 2011-2016
Figure 25: Economic Overview (2016) - Philippines
Figure 26: Property Insurance Market - Gross Written Premium (PHP Billion), 2011-2020
Figure 27: Philippines Non-Life Insurance - Market Share of Leading Insurers (%), 2015
Figure 28: Philippines Property Insurance Market - Construction Value Output by Category (PHP Billion), 2011-2020
Figure 29: Economic Overview (2016) - Vietnam
Figure 30: Property Insurance Market - Direct Written Premium (VND Trillion), 2011-2020
Figure 31: Vietnam Non-Life Insurance - Market Share of Leading Insurers (%), 2015
Figure 32: Vietnamese Property Insurance - Construction Value Output by Category (VND Trillion), 2011-2016
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  • Ping An Property & Casualty
  • China United Property Insurance Company
  • The Oriental Insurance Company Ltd
  • Baja Allianz General Insurance Company Limited
  • MSIG Insurance (Malaysia) Bhd
  • Property Insurance & Surety Corporation
  • Bao Viet Insurance Corporation
  • Bao Minh Insurance Corporation
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