Datamonitor's Life Insurance Global Industry Guide is an essential resource for top-level data and analysis covering the life insurance industry. It includes detailed data on market size and segmentation, textual analysis of the key trends and competitive landscape, and profiles of the leading companies. This incisive report provides expert analysis on a global, regional and country basis.
Scope of the Report
* Contains an executive summary and data on value, volume and segmentation
* Provides textual analysis of the industry's prospects, competitive landscape and profiles of the leading companies
* Covers Global, European, Asia-Pacific & 11 individual country markets
* Includes a five-year forecast of the industry
Highlights
Despite slower value growth in 2003, the global life insurance market has recovered well and continued to achieve steady growth.
The global life insurance market wrote total gross premiums of $1,815.6 billion in 2005, this representing a compound annual growth rate (CAGR) of 3.9% for the five-year period spanning 2001-2005.
he performance of the life insurance market is forecast to accelerate, with an anticipated CAGR of 4.9%% for the five-year period 2005-2010 expected to drive the life insurance market to a value of $2,310.3 billion by the end of 2010.
Why you should buy this report:
* Spot future trends and developments
* Inform your business decisions
* Add weight to presentations and marketing materials
* Save time carrying out entry-level research
Definition
The value of the life insurance market is shown in terms of gross written premium incomes of all life insurance products including annuities which can be linked to retirement savings plans. All currency conversions have been calculated using constant 2005 annual average exchange rates.
The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as GDP, population growth and long-term interest rates.
For the purpose of this report, Europe comprises Belgium, the Czech Republic, Denmark, France, Germany, Hungary, Italy, the Netherlands, Norway, Poland, Russia, Spain, Sweden, and the United Kingdom.
Asia-Pacific comprises Australia, China, India, Japan, South Korea, Singapore and Taiwan.
The Americas is deemed to consist of the United States, Canada, Mexico and Brazil.
The global market comprises Asia-Pacific, Europe and the Americas.