ASIA PACIFIC INSURANCE by jolinmilioncherie

VIEWS: 13 PAGES: 43

									 亚太地区保险行业研究报告——Asia-
   Pacific Insurance Industry
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发布时间:2008.3

摘要

Countries covered: Asia

The Asia-Pacific Insurance Industry Report provides insightful
analysis, market overview, industry structure and outlook of
insurance industry in the region. Richly laden with quantitative
analysis, the report provides the reader with a rudimentary preface
to the Asia-Pacific insurance industry in Australia, China, India,
Hong Kong, Singapore and other emerging markets of the region. A
synopsized discussion also offers prelude to life and health
reinsurance industry in Asia-Pacific. In addition, get a bird’s eye
view on the Tsunami disaster of 2004 and its effect on the regional
insurance markets. Get to know about various types of life and non-
life insurance products in the regional markets, backed by
statistical inference of key players in these markets. The closely
summarized Asia-Pacific market report is designed to offer a broad,
macro level picture of the trends & issues, challenges, market
structure/basics, recent mergers & acquisitions, and strategic
corporate developments witnessed by the industry in the region. The
report also peeps into the recent past/ historical perspective of the
region’s insurance markets and corporate developments within the
industry. A regional level discussion also looks into the leading
companies’ footing in these markets along with their annual written
premiums and/ or market shares. The report discusses several key and
niche players within the region.

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目录及图表

1. Market Overview
      Table 1: Asia-Pacific Recent Past, Current & Future Analysis
      for Insurance Industry by Segment - Life and Non-Life Markets
      Independently Analyzed with Annual Premium Income in
      US$ Billion for the Years 2006 through 2010 (includes
      corresponding Graph/Chart)
      Table 2: Asia-Pacific 5 -Year Perspective for Insurance
      Industry by Segment - Percentage Breakdown of Premium Income
      for Life and Non-Life Insurance Markets for 2006, 2008, and
      2010 (includes corresponding Graph/Chart)
      Table 3: Asia-Pacific Recent Past, Current & Future Analysis
      for Insurance Industry by Leading Country/Region - South Korea,
      China, Taiwan, India, and Hong Kong Markets Independently
      Analyzed with Annual Premium Income in US$ Million for the
      Years 2006 through 2010 (includes corresponding Graph/Chart)
      Table 4: Asia-Pacific Recent Past, Current & Future Analysis
      for Life Insurance Industry by Leading Country/Region - South
      Korea, China, Taiwan, India, and Hong Kong Markets
      Independently Analyzed with Annual Premium Income in
      US$ Million for the Years 2006 through 2010 (includes
      corresponding Graph/Chart)
      Table 5: Asia-Pacific Recent Past, Current & Future Analysis
      for Non-Life Insurance Industry by Leading Country/Region -
      South Korea, China, Taiwan, India, and Hong Kong Markets
      Independently Analyzed with Annual Premium Income in
      US$ Million for the Years 2006 through 2010 (includes
      corresponding Graph/Chart)
      Asian Life Insurance Markets Exhibit Varied Characteristics
      Mature and Well-Developed Markets - South Korea, Taiwan and
      Hong Kong
     Under-Developed and Under-Insured Markets - China and India
     Aging Population and Provision for Retirement - Growth Drivers
     China and India - Emerging Powers in Asian Insurance Sector
     Strong Economy Peps Up the Market
     Table 6: Insurance Industry in Asia-Pacific (2005): Premium
     Income in US$ Billion, Per Capita Premium in US$, and
     Penetration of Insurance by Life and Non-Life Segments for
     Select Regions - Japan, South Korea, China, Taiwan, and India
     (includes corresponding Graph/Chart)
     Table 7: Life Insurance Market in Asia-Pacific (2004-2007):
     Countries Ranked by Growth Rates - Vietnam, Peoples Republic of
     China, India, Thailand, Indonesia, Hong Kong, Malaysia,
     Philippines, South Korea, Taiwan, and Australia (includes
     corresponding Graph/Chart)
     Flourishing Insurance BPO Business

2. P&C Insurance Market
      Table 8: Non-Life Insurance Industry in Asia-Pacific (2005):
      Premium Income in US$ Million, Population in Millions, GDP in
      US$ Million, Per Capita Premium in US$, and Penetration of
      Insurance for Hong Kong, Indonesia, Malaysia, Philippines,
      Thailand, and Vietnam (includes corresponding Graph/Chart)
      Table 9: Insurance Industry in Asia-Pacific (2003): Leading
      Countries by P&C Insurance Business (Direct Premium, Premium
      Per Capita, and Premium as % of GDP) (includes corresponding
      Graph/Chart)

3. Life and Health Reinsurance Market - Success Parameters
      Changing Marketplace
      Shift Towards Risk-Oriented Products
      Reinsurance - A Tool to Transfer Risk
      A Historic Review

4. Foreign Entrants - Pros and Cons
      The Positives
      Driving Factors for Asian Foray
      Creating a Win-Win Situation
      The Negatives
      Regulatory Obstacles
      A Risky Proposition
      Political Risks
      Exchange Rate Fluctuations
      Natural Calamities
      Cultural Differences
      Under-Developed Distribution Networks
     Undeterred Players
     Asia-Pacific Life Insurance Industry (2004): Leading Foreign
     Companies in China, Hong Kong, India, Japan, Korea, Malaysia,
     Taiwan, Singapore and Thailand


5. War Risk Cover
      War Risk Coverage Elusive for Some Asian Airlines

6. Outlook
      Changing Environment Adds to Appeal
      Rationale for High Growth Prospects in Asia
      India and China Bring Immense Potential
      Other Asian Markets Not Far Behind
      Insurance Spend from Per Capita Income Far Below US-the Leader

7. The Tsunami Disaster
      Insurance Protection in Tsunami Affected Areas
      Property Insurance Coverage
      Estimates of Insured Losses Due to the Tsunami

8. A Peek into the Recent Past Market Numbers
      Table 10: Insurance Industry in Asia-Pacific (2000): Major
      Insuring Nations by Written Premium in US$ Billion (includes
      corresponding Graph/Chart)
      Table 11: Insurance Industry in Asia-Pacific (2000): Key
      Nations for Life Insurance by Written Premium in US$ Billion
      (includes corresponding Graph/Chart)
      Table 12: Insurance Industry in Asia-Pacific (2000): Key
      Nations for Non-Life Insurance by Written Premium in
      US$ Billion (includes corresponding Graph/Chart)
      Table 13: Asian Non-Life Insurance Industry by Country and
      Comparison with Japan and the US: 2001(includes corresponding
      Graph/Chart)

AUSTRALIAN INSURANCE INDUSTRY

1. Industry Overview
      Australian Insurance Industry - A Market Summary
      Table 14: Australian Recent Past, Current & Future Analysis for
      Insurance Industry by Segment - Life and Non-Life Markets
      Independently Analyzed with Annual Premium Income in
      US$ Million for the Years 2005 through 2010 (includes
      corresponding Graph/Chart)
      Table 15: Australian 6 -Year Perspective for Insurance Industry
      by Segment - Percentage Breakdown of Premium Income for Life
     and Non-Life Markets for 2005, 2008, and 2010 (includes
     corresponding Graph/Chart)
     Table 16: Australian Insurance Industry (2005): Per Capita
     Premium in US$ by Category - Life and Non-Life
     Presence of Insurance Brokers in Australian Insurance Industry
     Presence of Foreign Insurance Companies in Australian Insurance
     Industry
     An Effective Distribution System
     Key Changes in the Marketplace
     Privatization
     Creation of Managed Funds
     Establishment of Managed Funds in Australia
     ICA Introduces New Code for Policy Holders
     Ascending Premium for Public Liability Insurance Overturns

2. Review of the Sectors

2a. Life Insurance
      An Overview of Australian Life Insurance Industry
      Table 17: Australian Life Insurance Industry (2006): Percentage
      Breakdown by Policy Type for Superannuation and Ordinary
      (includes corresponding Graph/Chart)
      Table 18: Australian Life Insurance Industry (2004): Percentage
      Breakdown by Policy Type for Superannuation and Ordinary
      (includes corresponding Graph/Chart)
      Australia to Regulate Life Insurance Companies Through New
      Standards
      Competitive Landscape
      Table 19: Leading Players in Australian Life Insurance Industry
      (2006): Percentage Market Share by Premiums of Major Companies
      - AMP, Colonial/CBA, ING/ANZ, National Aust / MLC, Westpac, and
      Others (includes corresponding Graph/Chart)
      Table 20: Australian Life Insurance Industry (2006): New
      Business Premiums (Single and Regular) in $ Million for Select
      Companies - AMP, Aviva, Colonial/CBA, ING/ANZ, MetLife,
      National Aust/MLC, National Mutual/AXA, St Andrew's Life, Tower
      Life, Westpac, and Others (includes corresponding Graph/Chart)
      Table 21: Australian Life Insurance Market (2004): Premiums
      Received, and Brokerage Income in A$ Million for Select Brokers
      - Associated Planners Financial Services Ltd, Charles McMillan
      & Associates Pty Ltd, Cuna Mutual Insurance Brokers Pty Ltd, G
      L Phillips & Company Pty Ltd, and Others (includes
      corresponding Graph/Chart)
      Table 22: Australian Life Insurance Industry (2004): Gross
      Written Premium in A$ Million by Company/Group for AMP,
     National Aust/MLC, ING/ANZ, Colonial/CBA, Westpac National
     Mutual/AXA, Macquarie Life, Citicorp Life, Tower Life, and
     Zurich Life (includes corresponding Graph/Chart)
     Table 23: Australian Life Insurance Industry (2004): New
     Business (Single & Regular) Premium in A$ Million by Leading
     Company/Group for Citicorp Life, Westpac, Colonial/CBA, ING/ANZ,
     National Aust/MLC, National Mutual/AXA, AMP, Aviva, Tower Life,
     AIG and Others (includes corresponding Graph/Chart)
     Table 24: Australian Life Insurance Industry (2003): Gross
     Written Premium in US$ Billion by Leading Companies for AMP,
     MLC, ING, AXA, Westpac Life, and Colonial Mutual (includes
     corresponding Graph/Chart)
     Table 25: Top-Five Players in the Australian Life Insurance
     Industry (2002) - Gross Written Premium in US$ Million for AMP,
     MLC, ING, AXA, and Westpac Life (includes corresponding
     Graph/Chart)


2b. Health Insurance
      Australian Health Insurance Industry
      Industry Highlights
      Table 26: Australian Health Insurance Industry (2004):
      Percentage Market Share by Major Players - Australian Health
      Management Group Ltd, Australian Unity Health Ltd, BUPA
      Australia Health Pty Ltd, MBF Alliances Pty Ltd, Hospitals
      Contribution Fund of Australia, Medibank Private Ltd, and
      Others (includes corresponding Graph/Chart)


2c. General/Non-Life Insurance
      APRA Introduces New Standards for General Insurance Sector
      Public Insurance Companies of General Insurance
      General Insurance Industry Witnesses Stability
      Insurance Broking Business to Slow Down
      Commercial General Insurance Market Segmentation
      Property Insurance
      Table 27: Australian General Insurance Market (2006 & 2007):
      Percentage Breakdown of Premiums by Sector - Domestic Motor
      Vehicle, Houseowners Insurance, CTP Motor Vehicle Insurance,
      Public and Product Liability Insurance, Fire and ISR Insurance,
      Commercial Motor Vehicle Insurance, Employers' Liability
      Insurance, Professional Indemnity Insurance, and Other
      Insurance (includes corresponding Graph/Chart)
      General Insurance - A Recent Past Overview
     Table 28: Australian General/Non-Life Insurance Market (2004):
     Premiums Received, and Brokerage Income in A$ Million for
     Select Brokers - Aon Risk Services Australia Ltd, Freeman
     McMurrick Pty Ltd, Heath Lambert Australia Pty Ltd, Insurance
     Advisernet Australia Pty Ltd, Jardine Lloyd Thompson Pty Ltd,
     and Others (includes corresponding Graph/Chart)
     Competitive Landscape
     Table 29: Leading Players in Australian Non-Life Insurance
     Industry (2004): Percentage Market Share by Company - Allianz,
     IAG, PMN, QBE, SUN, and Others (includes corresponding
     Graph/Chart)
     Table 30: Australian Non-Life Insurance Industry (2003): Gross
     Written Premium in US$ Billion by Leading Companies for QBE
     Group, Insurance Australia Group, Promina Group, Suncorp, and
     Allianz Australia (includes corresponding Graph/Chart)
     Table 31: Australian General/Non-Life Insurance Industry (2002):
     Percentage Share of Premium Received (In A$ Million) by Leading
     Private Sector Conglomerates (includes corresponding
     Graph/Chart)


2d. Reinsurance Industry
      Importance of Catastrophe Reinsurance

3. A Past Perspective
      Recession Gives Way to Recovery
      Table 32: Insurance Industry in Australia (2000 & 2001): Number
      of Insurers by Type for Private Sector, and Public Sector
      (includes corresponding Graph/Chart)
      Table 33: Insurance Industry in Australia (2000 & 2001):
      Premium Revenues in A$ Billion for Direct Insurers and
      Reinsurers
      Performance of Major Business Classes in Australia
      Table 34: Insurance Industry in Australia 2000): Percentage
      Share of Total Premium Revenue by Major Business Classes
      (includes corresponding Graph/Chart)
      Table 35: Insurance Industry in Australia (2000): Premium
      Revenue (In A$ Million) and Percentage Breakdown of Leading
      Private Sector Insurance Conglomerates (includes corresponding
      Graph/Chart)
      Table 36: Insurance Industry in Australia (2000): Premium
      Revenues in A$ Million by State/Territory and Insurance
      Category
      Reinsurance Rate Journeys Southward
     Table 37: Major Catastrophes in Australia (Losses in
     US$ Million) (includes corresponding Graph/Chart)
     Table 38: Reinsurance Market in Australia (2000): Premium
     Revenue Ceded by Type in US$ Million (includes corresponding
     Graph/Chart)
     Table 39: Australian Reinsurance Market (2001): Premium Revenue
     by Type of Business (includes corresponding Graph/Chart)
     Corporate Restructuring
     Major Corporate Restructures in Australian Private Sector


4. Product Launches
      Bendigo Bank Introduces Health Insurance
      Suncorp Launches Family Discount Scheme on Insurance Premiums
      AAMI Launches Flexi-Premium Offer for Young Drivers and
      Customers

5. Recent Industry Activity
      AMP Divests Gordian and Cobalt Insurance Wings for A$585
      Million
      Enstar Australia Acquires AMP’s Australian Insurance
      Operations
      BUPA Australia and MBF in Merger Negotiations
      APRA Issues License to MGIC
      Calliden to Buy AU’s General Insurance Units
      Suncorp to Sell Holding in Royal Automobile Club of Tasmania
      Aviva Buys Stake in Infocus
      Euler Hermes to Acquire Lumley General Insurance’s Credit
      Insurance Business
      Genworth to Take Over Vero
      Genworth Buys Out Vero Lenders
      Allianz to Offer Life Insurance Products in Australia
      Euler Hermes to Acquire Lumley’s Credit Insurance Division
      IAG to Buy 30% Stake in AmAssurance Berhad
      QBE To Acquire British Marine Holdings
      Assetinsure Forays into General Aviation Insurance
      Arthur J Gallagher Acquires FPE Insurance Brokers
      Promina’s Vero forms Joint Venture with CTIL
      Suncorp Metway Acquires AMP’S Stake in Joint Venture
      OAMPS Insurance Brokers Acquire Policies of Harts One to One
      Insurance Solutions
      AMP Signs Joint Venture with China Pacific Life Assurance
      AMP Continues with its Restructuring Efforts

6. Focus on Select Australian Players
     Allianz Australia Limited
     AMP
     CGU Insurance Limited
     Gerling Australia Insurance Company Pty Ltd.
     ING Australia Limited
     Insurance Australia Group Ltd.
     QBE Insurance Group
     Suncorp Metway Insurance Ltd
     Zurich Australia Insurance Limited

CHINESE INSURANCE INDUSTRY

1. Industry Overview
      A ‘Giant’ Opportunity
      Insurance Sector Representation
      Table 40: Chinese Recent Past, Current & Future Analysis for
      Insurance Industry by Segment - Non-Life and Life Markets
      Independently Analyzed with Premiums in US$ Million for the
      Years 2006 through 2010 (includes corresponding Graph/Chart)
      Table 41: Chinese 5 -Year Perspective for Insurance Industry by
      Segment - Percentage Breakdown of Premiums for Non-Life and
      Life Markets for 2006, 2008, and 2010 (includes corresponding
      Graph/Chart)
      Table 42: Chinese Insurance Industry (2006): Per Capita Premium
      in US$, and Penetration of Insurance by Category - Life and
      Non-Life
      Table 43: Chinese Insurance Industry (2006 & 2007): Percentage
      Breakdown of Investment Portfolio by Bonds, Deposits, Equities
      & Mutual Funds, and Others (includes corresponding Graph/Chart)
      Table 44: Leading Players in Chinese Insurance Industry (2006):
      Percentage Market Share by Company - China Life, Ping An, PICC
      P & C, Pacific Insurance, and Others (includes corresponding
      Graph/Chart)
      Table 45: Chinese Insurance Industry (2005): Number of
      Insurance Companies by Category - Life, Non-Life, and
      Reinsurers (includes corresponding Graph/Chart)
      Table 46: Chinese Life Insurance Industry (2002-2004):
      Percentage Breakdown of Life Insurance Depth (Premium/GDP)
      (includes corresponding Graph/Chart)
      Table 47: Chinese Life Insurance Industry (2002-2004): Life
      Insurance Density (Premium/Capita) in Rmb (includes
      corresponding Graph/Chart)
      China Peps up the Lure for Foreign Insurers
      Chinese Insurers Gear Up for Expanded Investment Avenues
      Insurance Market Outlook in China
     A Historic Perspective

2. Market Trends and Issues
      A Promising Market
      High Savings Rates Prop Growth
      Cultural Barriers - A Hitch
      Shanghai & Beijing: Insurance Hubs
      Burgeoning Growth in Beijing’s Insurance Market
      China-Funded Companies Dominate the Market
      Rise in Foreign Insurers Energizes the Insurance Market
      Hiked Competition Forces Premiums Down
      The Wave of Reforms
      Foreign Owned Insurers: Screening Out the Ceiling Effect
      Leading Chinese Banks to Enter Domestic Insurance Sector
      Deregulation of Insurance Industry Boosts Growth of P&C
      Insurance Sector
      Chinese Export Credit Insurance Market Picking Up
      IT Spend Set to Grow
      Big Potential for Global Insurance Industry in China
      China - Asia’s Leading Insurance Market
      Table 48: Chinese Insurance Industry (2005-2010): Total
      Insurance IT Expenditure in US$ Billion For Life and Non-Life
      Insurance (includes corresponding Graph/Chart)


3. Market Segments

3a. Non-Life Insurance Market
      Table 49: Chinese Non-Life Insurance Market (2005): Percentage
      Breakdown by Category - Auto, Property, Cargo, Liability, and
      Others (includes corresponding Graph/Chart)
      Major Non-Life Insurance Companies Operating in China (As of
      2006)
      Table 50: Chinese Non-Life Insurance Industry (2003): Gross
      Written Premium in US$ Million by Leading Companies for PICC,
      China Pacific Property, Ping An Property, Tian An, China United
      Property, Da Zhong, Hua Tai, Yong An Property, Sinosafe General,
      and Taiping Insurance (includes corresponding Graph/Chart)
      Table 51: Chinese Non-Life Insurance Market (2001): Gross
      Written Premiums in US$ Million by Leading Companies for PICC,
      China Pacific, Ping An, Huatai, and Dazhong (includes
      corresponding Graph/Chart)
      Travel Insurance Experiences Rapid Growth in Shanghai
      Property & Casualty Insurance Market
Table 52: Chinese Recent Past, Current & Future Analysis for
Property & Casualty (P&C) Insurance Market with Premiums in RMB
Billion for the Years 2006 through 2010 (includes corresponding
Graph/Chart)
Table 53: Chinese Property & Casualty (P&C) Insurance Market
(2007 & 2008): Percentage Breakdown of Premiums by Product
Category - Motor Vehicle, Commercial Property, Liability, Cargo,
Agriculture, and Others (includes corresponding Graph/Chart)
Table 54: Chinese Non-life Insurance Industry (2006 & 2007):
Percentage Breakdown Distribution Channels for Intermediaries
(Individual Agents, Insurance Agencies, Professional Agencies,
Insurance Brokers), and Direct Distribution (includes
corresponding Graph/Chart)
Table 55: Leading Players in Chinese Property & Casualty (P&C)
Insurance Market (2006 & 2007): Percentage Market Share of
Premiums by Company - PICC, China Pacific, Ping An P&C, China
United Property, Dadi P&C, Tianan, Other Chinese Life Insurers,
and Foreign Life Insurers (includes corresponding Graph/Chart)
General Insurance Market - A Past Perspective
Table 56: Top Players in the Chinese P&C Insurance Market (2003
& 2004): Percentage Value Breakdown of Premiums for PICC, China
Pacific, Ping An and Others (includes corresponding Graph/Chart)
Table 57: Chinese Motor Insurance Market (2004): Percentage
Market Share by Company - China Pacific, China United, PICC,
Ping An, Tian An, and Others (includes corresponding
Graph/Chart)
Table 58: Chinese Motor Insurance Market (2003): Percentage
Value Breakdown of Premium by Company for PICC, China Pacific,
Ping An and Others (includes corresponding Graph/Chart)
Table 59: Leading Players in the Chinese Commercial Property
Insurance Market (2003): Percentage Value Breakdown of Premium
by Company for PICC, China Pacific, Ping An and Others
(includes corresponding Graph/Chart)
Table 60: Chinese Cargo Insurance Market (2003): Percentage
Value Breakdown of Premium by Company - PICC, China Pacific,
Ping An, Huatai and Others (includes corresponding Graph/Chart)
Table 61: Chinese Credit Insurance Market (2003): Percentage
Value Breakdown of Premium by Company - Ping An, China United,
Yong An, Tian An, Sinosafe and Others (includes corresponding
Graph/Chart)
Table 62: Chinese Agricultural Insurance Market (2003):
Percentage Value Breakdown of Premium by Company - PICC, China
United and Others (includes corresponding Graph/Chart)
3b. Life Insurance Market
      A Marked Tilt Towards Life
      Table 63: Chinese Life Insurance Market (2007 & 2008):
      Percentage Breakdown of Premiums by Policy Type for Individual
      Life Insurance, Health Insurance, and Accident Insurance
      (includes corresponding Graph/Chart) Table 64: Chinese Life
      Insurance Industry: Life Insurance
      Premiums In US$ Billion for 2000-2004 (includes corresponding
      Graph/Chart)
      ‘Individual’ Market
      Table 65: China’s Life Insurance Premium (2000-2004):
      Percentage Share of Premium by Policy Type - Individual Life,
      Group Life, Accident and Health (includes corresponding
      Graph/Chart)
      Table 66: Chinese Life Insurance Industry (2005): Percentage
      Breakdown of Premiums by Distribution Channel - Individual
      Sales, Insurer/Intermediaries, Insurance Brokers, Insurance
      Intermediaries, and Others (includes corresponding Graph/Chart)
      Major Life Insurance Companies Operating in China (As of 2006)
      Competition Hots Up
      Table 67: Leading Players in Chinese Life Insurance Market
      (2006 & 2007): Percentage Breakdown of Premiums by Company -
      China Life Group, Ping An Insurance, China Pacific, New China
      Life, Taikang Life, Tai Ping Life, Minsheng Life, Sino Life,
      Other Local Life Insurers, and Foreign Life Insurers (includes
      corresponding Graph/Chart)
      Life Insurance Market - A Past Perspective
      Table 68: Leading Players in the Chinese Life Insurance Market
      (2004 & 2005): Percentage Breakdown by Value of Premium Written
      for - China Life, CLIC, China Pacific and Ping An (includes
      corresponding Graph/Chart)
      Table 69: Chinese Life Insurance Industry (2003): Percentage
      Value Breakdown of Premiums by Product Type for China Life,
      Ping An, China Pacific, and Others (includes corresponding
      Graph/Chart)
      Table 70: Chinese Life Insurance Industry (2003): Gross Written
      Premium in US$ Billion by Leading Companies for China Life,
      Ping An Life, China Pacific Life, New China Life, Taikang Life,
      Tai Ping Life, AIA (Shanghai), AIA (Guangzhou), ING Pacific,
      and Zong Hong (Shanghai) (includes corresponding Graph/Chart)
      Table 71: Leading Players in Chinese Life Insurance Market
      (2002): Percentage Share Breakdown by Written Premiums for
      China Life, Ping An, China Pacific, New China Life, Taikang
      Life, AIA (AIG) and Others (includes corresponding Graph/Chart)
3c. Reinsurance Market
      Reinsurance Industry in China
      Emergence of Private Investors and Large Foreign Reinsurance
      Companies
      Table 72: Chinese Recent Past, Current & Future Analysis for
      Reinsurance Industry with Premiums in US$ Billion for the Years
      2005 through 2010 (includes corresponding Graph/Chart)


3d. Healthcare Insurance Market
      Rising Per Capita Health Care Spending in China Spells Growth
      for Medical Insurance

4. A Provincial Perspective
      Table 73: Chinese Insurance Market (2006): Percentage Breakdown
      of Life and Non-life Premiums by Province (includes
      corresponding Graph/Chart)
      Table 74: Insurance Penetration Percentage for Select Chinese
      Cities for 2005 (includes corresponding Graph/Chart)
      Table 75: China’s Top Ten Province/City (2003): Life Insurance
      Density (Premium/Person), Percentage Share of Life Insurance
      Depth (Premium/GDP) and No. of Domestic Foreign Insurers
      (includes corresponding Graph/Chart)
      Table 76: Competitive Landscape Across the Top Provinces in
      China: 2003 (includes corresponding Graph/Chart)

5. Chinese Insurance Industry - A Backgrounder
      Commercial Insurance Industry Takes Roots in 1978
      Regulatory Mechanisms
      Role of China Insurance Regulatory Commission (CIRC)
      Restrictions on Foreign Ownership
      Introduction of Compulsory Third Party Liability
      Opening Up of China
      Gradual Opening Up of the Market
      China’s Admission into WTO Fuels the Growth of Insurance
      Sector
      The Repercussions
      International Reinsurance Companies Enter Chinese Reinsurance
      Market

6. Product Launch
      Sino-US MetLife Introduces New Insurance Product

7. Recent Industry Activity
     FIC Secures Chinese Regulatory Approval to Set Up an Insurance
     Subsidiary
     China Reinsurance to Increase Stake in CLR
     Ping Acquires Minority Share in Fortis
     HSBC Insurance to Form a Joint Venture with NTL
     Shanghai Dragon to Divest Interest in Dazhong Insurance
     Union Life Insurance to Divest Stake
     Allianz China to Expand Business
     Morley to Form a Fund Management Joint Venture in China
     Shin Kong Enters into Chinese Market
     China Postal Group to Setup Insurance Firm
     Lloyd's Starts Chinese Operations
     CITIC Prudential Opens Branch in Tianjin
     CIRC Grants Clearance for Dongbu Insurance’s Acquisition
     Proposal
     China Life to Acquire 60% Stake in Zhongcheng
     China Reinsurance to Increase Stake in China P&C Reinsurance
     China Pacific Insurance to Buy Further 25% of China Pacific
     Life Insurance
     Cheung Kong Purchases Minority Stake in Ming An
     Insurance Australia to Buy Stake in China Pacific
     AIA Receives Approval to Offer Group Insurance
     ING Capital Alliances with BEA
     Heng An Standard Life Opens Unit in Beijing
     China Life to Buy Minority Stake in Huishang Bank
     Tokyo Marine Acquires Stake in Chinese Tianan
     Bangkok Bank Acquires 10% Stake in PICC Life
     Allianz to Expand Business in China
     Establishment of CPIC Insurance in China
     Samsung Makes Footprints in Chinese Insurance Market
     CCI Seeks Roadmap to Insurance Market in Chinese Mainland
     Prudential Financial Eyes China
     Chinese Auto Insurance Sector Gears up for a Big Bang Entry of
     SAIC
     PICC Obtains CIRC’s Nod for Tri-Nation Partnership for Life
     Insurance
     HSBC to Up Stake in Ping An Insurance
     China Commences Operations of First Auto Insurance Company in
     Shanghai
     Twelve New Branches From Huaan Insurance Company
     Chinese Companies Foray Health Insurance Business

8. Strategic Corporate Developments in the Past
      China Life Insurance and United Securities Enter into
      Insurance-Securities Agreement
     Agricultural Bank of China Signs Agreement with China Pacific
     Insurance Group
     Agricultural Bank of China Signs Agreement with New China Life
     Insurance
     Sun Life-China Everbright JV Gets Government Nod
     The Horton Group Signs Joint Venture with Wanxiang
     John Hancock Life Insurance Forms Joint Venture with Tianan
     Insurance
     Aegon Group Gains Approval for Joint Venture in }China
     AMP Signs Joint Venture with China Pacific Life Assurance
     GAB Robins Opens Representative Office in China
     State Development Bank and Pacific Insurance Sign Agreement

9. Focus on Select Chinese Players
      Bank of China Group Insurance Company Limited
      China Life Insurance Co. Ltd.
      China Pacific Property Insurance Co., Ltd.
      China Pacific Life Insurance Co., Ltd
      Ping'an Insurance Co.
      PICC Property and Casualty Company Ltd.

INDIAN INSURANCE INDUSTRY

1. Market Overview
      Table 77: Indian Recent Past, Current & Future Analysis for
      Insurance Industry by Segment - Life and Non-Life Markets
      Independently Analyzed with Premiums in US$ Million for the
      Years 2005 through 2012 (includes corresponding Graph/Chart).
      Table 78: Indian 8 -Year Perspective for Insurance Industry by
      Segment - Percentage Breakdown of Premiums for Life and Non-
      Life Markets for 2005, 2008, and 2012 (includes corresponding
      Graph/Chart).
      Table 79: Insurance Industry in India (2006): Per Capita
      Premium in US$, and Penetration of Insurance by Category - Life
      and Non-Life
      Indian Economy - A Goldmine For Foreign Insurance Companies
      IRDA Act Shapes Up the Industry for Future
      Indian Government Mulls Hike in Foreign Participation in
      Insurance Sector
      Insurance Bill to Merge General Insurance Companies
      A Promising Market
      Market Potential of India
      Insurers Face Growing Global M&A Activity
      Penetration of Life Insurance
      Low Growth in the Past
     High Premium Slows Penetration
     Liberalization of the Indian Market
     The Prelude
     A Walk Unto the Free Market
     Public Insurers Still Going Strong
     Emergence of New Distribution Channels
     Internet - A Potential Distribution Channel
     Overview of Indian Insurance Market
     Semi-Urban and Rural Areas - The High Growth Market Segments
     Children’s Policies Offer Huge Growth Potential
     Overview of Indian Life Insurance Market
     Growth Drivers
     Growth in Per Capita Income
     Superior Penetration Levels
     Variations in Product Mix
     Long-term Financial Instruments
     Competition and Player Strategies
     Indian Life Insurance Industry to Soar to New Heights
     Pension Segment Offers Huge Potential
     Opportunities Aboard
     Characteristics of the Indian Insurance Industry
     Reforms Spawn New Entries
     Middle Class: The Largest Contributor
     Population
     GDP Stats Focus Untapped Potential
     Mid 90’s Perspective
     LIC: The Biggest Market Taker
     Non-Life Insurance Market - The GIC Fort
     Insurance Regulatory and Development Act
     Guidelines for Investment


2. Segmental Analysis

2a. Life Insurance
      Tremendous Potential for Indian Life Insurance Sector
      Private and Public Face off
      Table 80: Indian Life Insurance Industry (2006): Premium
      Underwritten in INR Billion by Insurers - LIC, ICICI Prulife,
      Bajaj Allianz, HDFC Standard Life, Birla Sunlife, SBI Life,
      Tata AIG, Max New York, Kotak Mahindra, Aviva, ING Vysya,
      Reliance Life, MetLife, Sahara, Shriram Life
      Table 81: Indian Life Insurance Industry (2004): Gross Written
      Premium in US$ Million by Leading Companies for LIC, ICICI
     Prudential, Birla Sunlife, HDFC Standard, Tata AIG, SBI Life,
     Allianz Bajaj, Max New York, OM Kotak, and ING Vysya
     Table 82: Top-Five Players in the Indian Life Insurance
     Industry (2003) - Gross Written Premium in US$ Million for LIC,
     ICICI Prudential, Birla Sunlife, HDFC Standard, and Max New
     York


2b. Non-Life Insurance
      IRDA Plans Free Price Regime for Non-Life Insurance Sector
      Table 83: Indian General Insurance Market (2006 & 2007):
      Percentage Breakdown of Premiums by Product Category for Motor
      OD, Fire, PA & Health, Motor TP, Engineering, and Others
      (includes corresponding Graph/Chart)
      Table 84: Indian Non-Life Insurance Industry (2006): Gross
      Direct Premium Income Underwritten in INR Billion by Non-Life
      Insurers - New India, Oriental, National, United, ICICI Lombard,
      Bajaj Allianz, IFFCO-TOKIO, Tata AIG, Royal Sundaram,
      Cholamandalam, HDFC Chubb, and Reliance (includes corresponding
      Graph/Chart)
      Table 85: Indian P&C Market (2002-2003): Premium Written by
      Insurance Companies in INR Million
      Health Insurance - Gaining Acceptance
      Table 86: Indian Recent Past, Current & Future Analysis for
      Health Insurance Market by Premiums Written in US$ Million for
      the Years 2006 through 2012. (includes corresponding
      Graph/Chart)
      Health Insurance Sector Faces Challenges
      Microinsurance - Vast Untapped Market

3. Landscaping the Indian Insurance Industry
      Private Insurance Companies Growing Considerably
      Life Insurance
      Non-Life Insurance
      Leading Private Players
      ICICI-Prudential
      Bajaj Allianz
      Birla Sun Life Insurance Raring to go
      Sun Life’s Success Story
      The Entrenched State Players
      LIC - The Undisputed Leader
      General Insurance Company (GIC)
      Growing Participation of Overseas Players
      Foreign Players Partnering with Indian Players in the Indian
      Insurance Sector
     Performance of Multi-National Companies
     Global Reinsurers Hold Back Feet
     Opportunity for Global Reinsurers
     Managing Reinsurance Needs
     Hurdles All the Way
     Basic Strategies for New Entrants
     Challenges for Banks/NBFCs
     Table 87: Leading Banks into Insurance Sector in India (2000):
     Banks Ranked by Net Worth in INR Billion (includes
     corresponding Graph/Chart)
     Other Participants
     Role of Cooperatives in the Insurance Sector
     Agents/Brokers
     Factors Contributing Towards Success of Insurers
     Table 88: Key factors Determining Success of an Insurance
     Company in India (includes corresponding Graph/Chart)
     Information Technology in the Indian Insurance Industry
     Challenges for the Insurance Industry
     Insurers’ Ad Spend Belie Expectations
     Internet Sales Could Prove Difficult
     Marketing Mix Set for a Change
     Changing Distribution Trends
     Effective Product Strategies - A Must
     Pricing Trends
     Factors Impacting Profitability and Competition
     Outlook


4. Product Launches
      LIC Introduces New Unit Linked Plans
      Reliance Introduces New Life Insurance Service
      ICICI Lombard Introduces Health Advantage Plus
      SBI Life to Introduce New Insurance Policy
      Max New York introduced SMART Invest Pension Scheme
      PNB Introduces New Health Insurance Product
      LIC Introduces Group Critical Illness Rider
      LIC to Launch Health Insurance Plan
      United India Insurance to Introduce 3 New Health Insurance
      Policies
      Aviva Introduces Non-Unit Linked Investment Plan
      SBI Life Introduces Pension Product
      Aviva Introduces Systematic Individual Savings Plans

5. Recent Industry Activity
      HSBC Ties-up with OBC and Canara Bank
Aviva Life Insurance’s Indian Joint Venture Ties Up with Apex
Bank
Tata AIG Enters into Partnership with BISWA
Tata AIG Plans Major Expansion in Orissa
Cholamandalam MS Partners with IndusInd Bank
Bank of Maharashtra to Form Joint Venture for Non-life
Insurance
Bank of India to Establish Joint Venture for Life Insurance
Andhra Bank to Form Joint Venture for Life Insurance
Apollo Hospitals Enters the Health Insurance Market
Future Generali Commences Insurance Business in India
ICICI Secures Approval for Divest Stake in Insurance Business
HDFC Divests General Insurance Stake to ERGO International
Vijaya Bank to Quit PNB-PFG Life Insurance Venture
QBE Enters into Agreement with Rajan Raheja Group
ICICI Prudential Life Teams Up with mChek
TTK to Commence Retail Health Insurance
ICICI and SCB to Form Alliance
Canara Bank, HSBC and Oriental Bank Teams Up to Float Life
Insurance Venture
ICICI Lombard Introduces First Health Insurance Plan
Aviva Life Insurance Teams Up with IndusInd Bank
BoI, Dai-ichi and Union Bank Floats Joint Venture Company
Andhra Bank, BoB and Legal & General Group to Enter into JV
ICICI Prudential & Dignity Foundation Introduces ActivAge
Apollo Establishes New Company
Sompo Japan Acquires Stake in Universal Sompo
HDFC to Acquire Chubb’s Stake
Bank of Baroda to Form Life Insurance JV
ING Group to Partner with India Post
DLF and Prudential to Form Insurance JV in India
HSBC Enters into Joint Venture
Aviva Teams Up Induslnd Bank
Mastek to Buy Vector Insurance
Aegon Signs JV with Religare
Federal Bank, IDBI and Fortis in a JV for Life Business in
India
Swiss Re to Acquire Stake in TKK Healthcare
Aviva Enters into Agreement with Centurion Bank of Punjab
IDBI, Federal Bank and Fortis Sign MoU to Establish a New Life
Insurance Firm
Oriental Bank to Enter into Life Insurance Business Sector
Hinduja Group Signs MoU with European Insurer
Postal Life Insurance Under Postal Administration Cover
     LIC’s Global Expansion Drives the Insurance Giant to Middle
     East
     Principal Financial Group Buys Stake in Avani Insurance
     Services
     LIC to Rope in Overseas Partners for Health Insurance
     Gecis Partners with Liberata of UK
     HDFC Chubb Ventures into Liability Insurance
     LIC International Receives License for Operating in UAE
     IDBI Plans to Enter Life Insurance Business
     IL&FS Investsmart to Debut Insurance Broking
     Crawford Sets Foot in India
     ECGC To Introduce New Insurance Policy

6. Strategic Developments in the Past
      United Guaranty Corp Acquires Stake in India Mortgage
      Sun Insurance Acquires Stake in Genins India
      Kotak Mahindra Finance Forms Joint Venture with Old Mutual
      DCM Shriram Consolidated and Zurich Financial Services Group
      Sign MOU
      India Alive Tours Appointed as an Agent for Tata-AIG General
      Insurance
      Maruti Forms Partnership with Two Insurance Companies
      Max New York Life and Escotel Mobile Form Alliance
      Family Health Plan Forms an Alliance with Food Corp. of India
      JK Insurance Services Forms Alliance with Birla Sun Life
      Insurance
      IFFCO-Tokio Marine Forms Partnership with Shield Autoglass
      Dabur CGU Life Insurance Acquires Insurance Corp. of Singapore
      Aditya Birla Group Forms Joint Venture with Sun Life Financial
      Services
      Jammu & Kashmir Bank Signs Joint Venture With Metlife
      Royal Sundaram Alliance, Fiat Auto and Fisaf form Joint Venture
      ‘Escolife’ Commences Operations
      Birla Sunlife Insurance and Citibank Partner on Insurance
      Products
      Emedlife Health Services Inks Alliance With Oriental Insurance
      Corp
      General Insurance Corp Forms a Strategic Alliance with Saudi
      Firms
      HDFC Standard Life Forms Alliance with Cholamandalam
      Tata AIG Life Insurance Forms Alliance with Amadeus for Product
      Show Casing
      ICICI Prudential Forms Alliance with Indus Group
      Tata AIG Enters into Agreement with Hong Kong & Shanghai
      Banking Corp.
     Central Bank of India Signs Agreement with Life Insurance Corp.
     State Bank of India and Cardif Acquire Life Insurance Licenses
     Insurance Regulatory & Development Authority Approves Birla Sun
     Life Insurance to Launch its Operations

7. Focus on Select Indian Players
      Bajaj Allianz General Insurance Co., India - Largest Private
      Non-Life Insurer in India.
      General Insurance Corp.
      ICICI Prudential Life Insurance Co. Ltd.
      Life Insurance Corp. of India - Largest Life Insurer in India

ASIA-PACIFIC NICHE INSURANCE MARKETS

HONG KONG

1. Market Overview
      Insurance Sector Representation
      Table 89: Hong Kong Recent Past, Current & Future Analysis for
      Insurance Industry by Segment - Life and Non-Life Markets
      Independently Analyzed with Annual Premium Income in
      US$ Million for the Years 2005 through 2009 (includes
      corresponding Graph/Chart)
      Table 90: Hong Kong 5 -Year Perspective for Insurance Industry
      by Segment - Percentage Breakdown of Premium Income for Life
      and Non-Life Markets for 2005, 2007 and 2009 (includes
      corresponding Graph/Chart)
      Table 91: Insurance Industry in Hong Kong (2006): Per Capita
      Premium in US$ and Premium as % of GDP by Category - Life and
      Non-Life
      Industry Snapshots
      Table 92: Hong Kong Insurance Industry (2000-2004): Insurance
      Penetration in % for Life and Non-Life Sectors (Premium/ GDP)
      (includes corresponding Graph/Chart)
      Table 93: Hong Kong Insurance Industry (2000-2004): Life and
      Non-Life Insurance Density (Premium/POP) (In ‘000 HK$)
      (includes corresponding Graph/Chart)
      A Leading Insurance Market in Asia-Pacific
      Insurance Demand to Grow Strongly in Hong Kong
      Market Penetration
      Long Term Insurance Sector Growing Steadily
      Sun Life Financial Completes the Acquisition of CMG Asia
      CEPA Agreement Sparks Growth in Hong Kong Insurance Market
      Multi-Channel Distribution Grows in Popularity
2. Market Segmentation
      Accident and Health
      Employees’ Compensation
      Engineering
      Liability
      Marine
      Motor
      Property

3. Insurance Business in Hong Kong - The Prerequisites
      Solvency Requirement
      Authorization
      Regulatory Climate
      Functions and Powers of the Insurance Authority
      Regulation of Intermediaries


4. Insurance Service Providers
      Table 94: Hong Kong Insurance Industry (2004): Number of
      Insurance Service Providers by Type for General Insurance, Long
      Term Insurance, and Composite (includes corresponding
      Graph/Chart)
      Strong Foothold of Foreign Insurers
      Captive Insurance - Key Market Participant

5. Review of Key Sectors

5a. Life Insurance
      Table 95: Hong Kong Life Insurance Industry (2006 & 2007):
      Percentage Breakdown of Gross Written Premiums by Policy Type
      for Non-linked Insurance and Linked Insurance
      Table 96: Hong Kong Life Insurance Industry (2006 & 2007):
      Percentage Breakdown of Gross Written Premiums by Policy Type
      for Individual Life, Group Life, Retirement Scheme, and Annuity
      & other (includes corresponding Graph/Chart)
      Life Insurance Industry - A Recent Past Perspective
      Table 97: Hong Kong Life Insurance Industry (2000-2004):
      Individual Life Premium in $ Billion (includes corresponding
      Graph/Chart)
      Market Players
      Table 98: Hong Kong Life Insurance Industry (2004): Premium
      Revenue in US$ Billion and Percentage Value Breakdown of
      Leading Insurance Companies for AIA, HSBC Life, Manulife,
      Prudential, AXA, China Life, Winterthur Life, Hang Seng Life,
     Royal Skandia Life and BOC Group Life (includes corresponding
     Graph/Chart)
     Table 99: Hong Kong Life Insurance Industry (2003): Gross
     Written Premium in US$ Million by Leading Companies for AIA
     (Bermuda), Manulife, HSBC Life, Prudential (UK), AXA China
     (Bermuda), Hang Seng Life, Winterthur Life, CMG Asia, Royal
     Skandia Life, and ING Life (includes corresponding Graph/Chart)
     Table 100: Top-Five Players in the Life Insurance Industry of
     Hong Kong (2002) - Gross Written Premiums in US$ Million for
     AIA (Bermuda), Manulife (International), HSBC Life, AXA China
     (Bermuda), and Prudential (UK) (includes corresponding
     Graph/Chart)


5b. General/ Non-Life Insurance
      Market Players: Non-Life
      Table 101: Leading Players in Hong Kong General Insurance
      Market (2005): Percentage Breakdown by Company -ACE, American
      Home, Asia Insurance, AXA General, BOC Group Insurance, HSBC
      Insurance, Ming An, QBE HKSI, Wing Lung, Zurich Insurance, and
      Others (includes corresponding Graph/Chart)
      Table 102: Hong Kong Non-Life Insurance Industry (2003): Gross
      Written Premium in US$ Million by Leading Companies for BOC
      Group Insurance, American Home, Ming An, HSBC Insurance, Asia
      Insurance, QBE HKSI, Wing Lung, AXA General, Falcon Hong Kong,
      and CGU (includes corresponding Graph/Chart)
      Table 103: Top-Five Players in the Non-Life Insurance Industry
      of Hong Kong (2002) - Gross Written Premium in US$ Million for
      Ming An, Bank of China Group, American Home, QBE HKSI, and HSBC
      Insurance (includes corresponding Graph/Chart)


6. A Historic Perspective
      Recovery Amidst Economic Stagnancy
      General Insurance Industry Stages Revival from Losses
      Healthcare Insurance Quadruples
      Life Insurance: The Dominant Sector
      Table 104: Life and Non-Life Insurance as a Percentage of GDP
      in Hong Kong: 1994-2003 (includes corresponding Graph/Chart)
      Impact of China’s Accession to WTO

7. Recent Industry Activity
      Zurich to Set-Up New Business Unit in Asia-Pacific
      Fortis to Acquire Pacific Century Insurance
      MetLife to Acquire MetLife Fubon
     BOC Hong Kong to Acquire Majority Shares of BOC Group
     AXA Takes Over Two Insurers in Asia
     Radian Insurance to Commence Operations in Hong Kong

8. Focus on Select Players
      Bank of China Group Insurance Co. Ltd.
      Ming An Insurance Co., Ltd.
      The Prudential Assurance Co. Ltd.

SINGAPORE

1. Market Overview
      Insurance Sector Representation
      Table 105: Singapore Recent Past, Current & Future Analysis for
      Insurance Industry by Segment - Life and Non-Life Markets
      Independently Analyzed with Annual Premium Income in
      US$ Million for the Years 2005 through 2010 (includes
      corresponding Graph/Chart)
      Table 106: Singapore 6 -Year Perspective for Insurance Industry
      by Segment - Percentage Breakdown of Premium Income for Life
      and Non-Life Markets for 2005, 2008, and 2010 (includes
      corresponding Graph/Chart)
      Table 107: Insurance Industry in Singapore (2006): Per Capita
      Premium in US$ and Premium as % of GDP by Category - Life and
      Non-Life
      Singapore: Among the Most Prominent Reinsurance Centers
      Steps in the Right Direction
      Government’s Support Fuels Growth in Insurance Sector
      Tax Incentive Scheme for Overseas Insurance Businesses
      Tax Exemption Scheme for Offshore Marine Hull & Liability
      Insurance Business
      Abolition of Withholding Taxes on Financial Guarantee Insurance
      Contracts
      Scheme for Tax-Deductible Special Reserves

2. Regulatory Environment
      Margin of Solvencies and The Prerequisites
      The Monetary Authority of Singapore (MAS)
      Powers of MAS
      Regulations for Insurance Intermediaries

3. A Peek into the Market Figures
      Table 108: Insurance Industry in Singapore (2005): Gross
      Premiums of Singapore Insurance Fund Business in SG$ Million by
      Category - Cargo, Fire, Health, Hull and Liability, Motor,
     Personal Accident, Workmen Compensation, and Miscellaneous
     (includes corresponding Graph/Chart)
     Table 109: Insurance Industry in Singapore (2005): Gross
     Premiums of Offshore Insurance Fund Business for Direct
     Insurers, Reinsurers, and Captive Insurers in SG$ Million by
     Category - Cargo, Property, Hull & Liability, and Casualty &
     Others (includes corresponding Graph/Chart)
     Table 110: Insurance Industry in Singapore (2005): Percentage
     Breakdown of Gross Premiums of Offshore Insurance Fund Business
     for Direct Insurers, Reinsurers, and Captive Insurers by
     Category - Cargo, Property, Hull & Liability, and Casualty &
     Others (includes corresponding Graph/Chart)
     Table 111: Insurance Industry in Singapore (2001-2003): New
     Insurance Business in SG$ Million
     Table 112: Insurance Industry in Singapore (2001-2003):
     Percentage Breakdown of Insurance Business
     Table 113: Insurance Industry in Singapore (2001-2003): In-
     Force Insurance Business in SG$ Million

4. Segmental Perspective

4a. Life Insurance
      Ageing Population to Drive Demand for Pension and Medical
      Insurance
      Life Insurance Market - A Recent Past Perspective
      Health Insurance - Growth of Healthcare Cost
      Revision of the Medical Benefits
      Market Leaders
      Table 114: Life Insurance Industry of Singapore (2003): Gross
      Written Premium in US$ Million by Leading Companies for AIA,
      Great Eastern Life, Prudential, NTUC Income, AVIVA, OAC, John
      Hancock, AXA Life Singapore, Asia Life, and Manulife (includes
      corresponding Graph/Chart)
      Table 115: Life Insurance Industry in Singapore (2002): Leading
      Players Ranked by Gross Written Premium in US$ Million for AIA,
      Great Eastern Life, Prudential, NTUC Income, and AVIVA
      (includes corresponding Graph/Chart)


4b. Non-Life/General Insurance
      Table 116: Singapore General Insurance Market (2006 & 2007):
      Percentage Breakdown of Premiums by Product Category for Motor,
      Marine & Aviation, Fire, Personal Accident, Health, Workmen
      Compensation, and Miscellaneous Insurance (includes
      corresponding Graph/Chart)
     Non-Life Insurance Market - A Recent Past Perspective
     Market Leaders
     Table 117: Non-Life Insurance Industry of Singapore (2003):
     Gross Written Premium in US$ Million by Leading Companies for
     NTUC Income, American Home, AVIVA, SAGI-Captive 2, AXA
     Singapore, India International, Mitsui Sumitomo AIA, China, and
     Asia (includes corresponding Graph/Chart)
     Table 118: Property & Casualty Insurance Market in Singapore
     (2003): Percentage Breakdown of Direct Premium Received by
     Company for NTUC Income, American Home, Aviva, AXA Singapore,
     SAGI -Captive, India International, and Others (includes
     corresponding Graph/Chart)
     Table 119: Top-Five Players in the Non-Life Insurance Industry
     of Singapore (2002) - Gross Written Premium in US$ Million for
     NTUC Income, American Home, Sagi-Captive, AXA Singapore, and
     China (includes corresponding Graph/Chart)


5. Recent Industry Activity
      Millea Acquires Asia General

6. Focus on Select Key Players
      American Home Assurance Company
      Great Eastern Holdings Ltd.
      NTUC Income

EMERGING INSURANCE MARKETS OF ASIA-PACIFIC

1. Bangladesh
      Life Insurance Market
      Table 120: Life Insurance Industry in Bangladesh (2003): Gross
      Written Premium in US$ Million by Leading Companies for
      American Life, National Life, Jiban Bima Corporation, Delta
      Life, Meghna Life, Sandhani Life, Fareast Islami Life, Homeland
      Life, Rupali Life, and Prageti Life (includes corresponding
      Graph/Chart)
      Homeland Launches BADHU BIMA Scheme for Married Women
      Non-Life Insurance Market
      Table 121: Non-Life Insurance Industry in Bangladesh (2003):
      Gross Written Premium in US$ Million by Leading Companies for
      Sadharan Bima, Corporation, Pragati, Reliance, Green Delta,
      Prime, Peoples, Phoenix, Bangladesh General, Rupali, and
      Karnaphuli (includes corresponding Graph/Chart)
2. Indonesia
      Market Overview
      Insurance Sector Representation
      Table 122: Indonesian Recent Past, Current & Future Analysis
      for Insurance Industry by Segment - Life and Non-Life Markets
      Independently Analyzed with Annual Premium Income in
      US$ Million for the Years 2005 through 2009 (includes
      corresponding Graph/Chart)
      Table 123: Indonesian 5 -Year Perspective for Insurance
      Industry by Segment - Percentage Breakdown of Premium Income
      for Life and Non-Life Markets for 2005, 2007, and 2009
      (includes corresponding Graph/Chart)
      Highlights
      Insurance Market Regulations
      Indonesian Auto Insurance Market
      Lack of Awareness and Poverty Hit Indonesian Health Insurance
      Market
      Entry of Foreign Players
      Indonesia Calls for Piracy Insurance
      Importance of Technical Reserves
      Market Leaders
      Life Insurance
      Table 124: Indonesian Life Insurance Industry (2003): Gross
      Written Premium in US$ Million by Leading Companies for
      Bumiputera 1912, AIG Lippo Life, Jiwasraya, Manulife Indonesia,
      Prudential Life, Indolife Pensiontama, Jiwa Sequis Life, AIA,
      Indonesia, Panin Life, and Bringin Jiwa Sejahtera (includes
      corresponding Graph/Chart)
      Non-Life Insurance
      Indonesian General Insurance Sector - Set for Phenomenal Growth
      Table 125: Indonesian Non-Life Insurance Industry (2003): Gross
      Written Premium in US$ Million by Leading Companies for Tugu
      Pratama, Jasa Indonesia, Central Asia, Astra Buana, Sinar Mas,
      Wahana Tata, Allianz Utama, AIU Indonesia, Mitsui Sumitomo, and
      Dayin Mitra (includes corresponding Graph/Chart)
      A Recent Past Perspective
      Leading Insurance Companies
      Table 126: Insurance Industry in Indonesia (2001): Number of
      Insurance Companies by Type of Insurance for Life Insurance,
      Loss-Insurance, Reinsurance and Others (includes corresponding
      Graph/Chart)
      Loss Insurance and Re-insurance Market
     Table 127: Key Statistics of Indonesian Loss-Insurance and
     Reinsurance Companies in Millions of Rupiahs: 1998-2000
     (includes corresponding Graph/Chart)
     Table 128: Leading Loss-Insurance Companies in Indonesia by
     Surplus Underwriting in Millions of Rupiahs: 2000 (includes
     corresponding Graph/Chart)
     Table 129: Leading Loss-Insurance and Re-insurance Companies in
     Indonesia by Assets in Millions of Rupiahs: 2000 (includes
     corresponding Graph/Chart)
     Table 130: Insurance Gross Premiums in Indonesia by Segment
     (in % Share): 2000 (includes corresponding Graph/Chart)
     Structural Overview of Loss-Insurance Market
     Focus on Select Indonesian Players
     PT Asuransi Tokio Marine Indonesia
     PT Panin Insurance
     PT Tugu Pratama


3. Malaysia
      Market Overview
      Table 131: Malaysian Recent Past, Current & Future Analysis for
      Insurance Industry by Segment - Life Insurance and General
      Insurance Markets Independently Analyzed with Premiums Written
      in RM Million for the Years 2006 through 2010 (includes
      corresponding Graph/Chart)
      Table 132: Malaysian 5 -Year Perspective for Insurance Industry
      by Segment - Percentage Breakdown of Premiums Written for Life
      Insurance and General Insurance Markets for 2006, 2008, and
      2010 (includes corresponding Graph/Chart)
      Table 133: Malaysian Recent Past & Current Analysis for
      Insurance Industry by Segment - Life and General Insurance
      Markets Independently Analyzed with Premium Income in RM
      Million for the Years 2004 through 2008 (includes corresponding
      Graph/Chart)
      Table 134: Malaysian 5 -Year Perspective for Insurance Industry
      by Segment - Percentage Breakdown of Premium Income for Life
      Insurance and General Insurance Markets for 2004, 2006, and
      2008 (includes corresponding Graph/Chart)
      Table 135: Malaysian Recent Past & Current Analysis for
      Insurance Industry by Segment - Life and General Insurance
      Markets Independently Analyzed with Insurance Fund Assets in RM
      Million for the Years 2004 through 2008 (includes corresponding
      Graph/Chart)
      Table 136: Malaysian 5 -Year Perspective for Insurance Industry
      by Segment - Percentage Breakdown of Insurance Fund Assets for
Life Insurance and General Insurance Markets for 2004, 2006,
and 2008 (includes corresponding Graph/Chart)
Insurance - A Booming Industry
Policies and Measures Reinforce Insurance Sector
Central Bank to Deregulate Insurance Sector
Role of Banks in Promoting Insurance
Health Insurance Industry Set to Record High Growth
Medical and Health Insurance Pick up Growth
Tourism Industry Follow Suit
Life Insurance Industry
Table 137: Malaysian Life Insurance Industry (2006 & 2007):
Percentage Breakdown of Premiums by Policy Type for Temporary,
Whole Life, Investment Linked, Endowment, Annuity, and Others
(includes corresponding Graph/Chart)
Table 138: Malaysian Life Insurance Industry (2007 & 2008):
Percentage Breakdown of Benefit Payments by Category for
Surrender, Maturity/Vesting, Medical, Cash Bonuses, Death and
Disability, and Others (includes corresponding Graph/Chart)
Key Players
Table 139: Leading Players in the Malaysian Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Great Eastern, AIA, Prudential, ING, and MAA (includes
corresponding Graph/Chart)
Non-Life Insurance Industry
Table 140: Malaysian General Insurance Market (2007 & 2008):
Percentage Breakdown of Premiums by Category for Motor, Fire,
MAT, P A, CAR & ENG, Medical, Liability, WC & EL, and Others
(includes corresponding Graph/Chart)
Table 141: Malaysian Non-Life Insurance Market (2005):
Percentage Breakdown of Premiums by Segment - Auto, Engineering,
Fire, Liability, Marine, Medical & PA, and Miscellaneous
(includes corresponding Graph/Chart)
Key Players - A Past Perspective
Table 142: Malaysian Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for Kurnia,
Malaysia National, Allianze General, Malaysia Assurance
Alliance, AMI, American Home, Uni. Asia General, Hong Leong,
Oriental Capital, and AmAssurance (includes corresponding
Graph/Chart)
Table 143: Leading Players in the Malaysian Non-Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Kurnia, MNI, Allianz General, MAA, and Uni.Asia General
(includes corresponding Graph/Chart)
4. Mauritius
      Life Insurance Industry
      Table 144: Life Insurance Industry of Mauritius (2003): Gross
      Written Premium in US$ Million by Leading Companies for BAI,
      Sicom, Anglo Mauritius, LIC, Mauritius Union, Albatross, La
      Prudence, Island Life, Mauritian Eagle, and Sun (includes
      corresponding Graph/Chart)
      Non-Life Insurance Industry
      Table 145: Non-Life Insurance Industry of Mauritius (2003):
      Gross Written Premium in US$ Million by Leading Companies for
      Swan, Mauritian Eagle, Mauritius Union, Albatross, Sicom, La
      Prudence, Island Gen, Sun, New India, and Lamco (includes
      corresponding Graph/Chart)


5. Mongolia
      A Recent Past Review of Mongolian Insurance Market
      Table 146: Mongolian Insurance Market (2003 & 2004): Total
      Premiums in Million Togrog by Category - Liability Insurance,
      Property Insurance, and Personal Accident, Health and Other
      Insurance (includes corresponding Graph/Chart)
      Table 147: Mongolian Liability Insurance Market (2003 & 2004):
      Total Premiums in Million Togrog by Segment - Driver's
      Liability, Driver's Liability of Public Transportation,
      Professional Liability, Aircraft Owner's & Possessor's
      Liability, and Others (includes corresponding Graph/Chart)
      Table 148: Mongolian Property Insurance Market (2003 & 2004):
      Total Premiums in Million Togrog by Segment - Aircraft Hull
      Insurance, Electrical Equipment, Motor Vehicle, Property
      Casualty, and Others (includes corresponding Graph/Chart)
      Table 149: Mongolian Personal Accident, Health & Allied
      Insurance Market (2003 & 2004): Total Premiums in Million
      Togrog by Segment - Disability, Horse Racing, Personal Accident,
      Travel, and Others (includes corresponding Graph/Chart)
      Table 150: Mongolian Insurance Market (2003 & 2004): Claims
      Paid in Million Togrog by Category - Liability Insurance,
      Property Insurance, and Personal Accident, Health and Other
      Insurance (includes corresponding Graph/Chart)
      Table 151: Mongolian Liability Insurance Market (2003 & 2004):
      Claims Paid in Million Togrog by Segment - Driver's Liability,
      Driver's Liability of Public Transportation, and Others
      (includes corresponding Graph/Chart)
      Table 152: Mongolian Property Insurance Market (2003 & 2004):
      Claims Paid in Million Togrog by Segment - Electrical Equipment,
     Motor Vehicle, Property Casualty, Transport and Others
     (includes corresponding Graph/Chart)
     Table 153: Mongolian Personal Accident, Health & Allied
     Insurance Market (2003 & 2004): Claims Paid in Million Togrog
     by Segment - Disability, Personal Accident, Travel, and Others
     Major Players
     Table 154: Leading Players in Mongolian Insurance Market (2003
     & 2004): Percentage Breakdown by Total Premiums by Company -
     Ard Daatgal, Bodi Daatgal, Mongol Daatgal, Mongolian Insurance
     Group, Nomin Daatgal, and Others (includes corresponding
     Graph/Chart)
     Table 155: Leading Players in Mongolian Insurance Market (2004):
     Percentage Breakdown by Claims Paid by Company - Bodi Daatgal,
     Erel Daatgal, Mongol Daatgal, Nomin Daatgal, Prime Daatgal, and
     Others (includes corresponding Graph/Chart)


6. New Zealand
      Industry Overview
      Table 156: Insurance Industry in New Zealand (2005): Per Capita
      Premium in US$ by Category - Life and Non-Life
      Table 157: Insurance Industry in New Zealand (2003): Percentage
      Share Distribution of Insurance Companies by Region for
      Wellington, Auckland, Canterbury, Otago, and Other (includes
      corresponding Graph/Chart)
      Finance Companies Enter Insurance Sector
      Regulatory Framework
      Life Insurance Sector
      Key Players
      Table 158: Life Insurance Industry in New Zealand (2002): Gross
      Written Premium in US$ Million by Leading Companies for
      Sovereign, AXA, AMP, Royal & SunAlliance, Tower, Fidelity,
      Westpac, BNZ, NPF, and NBNZ Life (includes corresponding
      Graph/Chart)
      Table 159: Leading Players in the Life Insurance Industry of
      New Zealand (2000) - Gross Written Premium in US$ Million for
      Sovereign Group, AXA, AMP, Royal & SunAlliance, and Tower
      Health (includes corresponding Graph/Chart)
      Non-Life Insurance Sector
      Table 160: New Zealand Non-Life Insurance Industry (2003):
      Gross Written Premium in US$ Million by Leading Companies for
      IAG New Zealand, Vero, Lumley General, AMI, American Home,
      Tower, ACE, Farmers Mutual, Allianz New Zealand, and Medical
      Insurance Society (includes corresponding Graph/Chart)
     Table 161: Leading Players in the Non-Life Insurance Industry
     of New Zealand (2002) - Gross Written Premium in US$ Million
     for IAG New Zealand, Royal & Sun Alliance, NZI, Lumley General,
     and AMI (includes corresponding Graph/Chart)


7. Pakistan
      Market Overview
      Table 162: Pakistani Recent Past, Current & Future Analysis for
      Insurance Market with Gross Premiums in PKR Million for the
      Years 2005 through 2009 (includes corresponding Graph/Chart)
      Removal of Entry Barriers
      Life Insurance Industry
      Entry of Overseas Life Insurers
      Key Players
      Table 163: Leading Players in the Pakistani Life Insurance
      Industry (2002) - Gross Written Premium in US$ Million for
      State Life, EFU Life, Commercial Union, ALICO, and Metropolitan
      Life (includes corresponding Graph/Chart)
      Non-Life Insurance Industry
      Table 164: Leading Players in the Pakistani Non-Life Insurance
      Industry (2002) - Gross Written Premium in US$ Million for
      Adamjee, EFU, National, New Jubilee, and New Hampshire
      (includes corresponding Graph/Chart)


8. Philippines
      Government Mulls Hike in Insurance Coverage
      Life Insurance Market
      Table 165: Leading Players in the Life Insurance Industry of
      Philippines (2000) - Gross Written Premium in US$ Million for
      Philam Life & Gen, Sun Life, Insular Life, Manulife, and
      Prumerica Life (includes corresponding Graph/Chart)
      Non-Life Insurance Market
      Table 166: Non-Life Insurance Industry of Philippines (2003):
      Gross Written Premium in US$ Million by Leading Companies for
      Malayan Insurance, Prudential Guarantee, Pioneer, BPI/MS,
      PHILAM Ins, UCPB Gen, Standard, Alliedbankers, Federal Phoenix,
      and Phil. Charter (includes corresponding Graph/Chart)
      Table 167: Leading Players in the Non-Life Insurance Industry
      of Philippines (2000) - Gross Written Premium in US$ Million
      for Malayan Ins, Prudential Gtee, FGU Ins, PHILAM Ins, and
      Federal Phoenix (includes corresponding Graph/Chart)
9. South Korea
      One of the Largest Insurance Markets Worldwide
      Table 168: South Korean Recent Past, Current & Future Analysis
      for Insurance Industry by Segment - Non-Life and Life Markets
      Independently Analyzed with Premium Income in US$ Million for
      the Years 2006 through 2010 (includes corresponding Graph/Chart)
      Table 169: South Korean 5 -Year Perspective for Insurance
      Industry by Segment - Percentage Breakdown of Premium Income
      for Life and Non-Life Markets for 2006, 2008, and 2010
      (includes corresponding Graph/Chart)
      Table 170: South Korean Insurance Industry (2006): Per Capita
      Premium in US$, and Penetration of Insurance by Category - Life
      and Non-Life
      A Perspective of the Market
      Ageing Population to Drive the South Korean Insurance Market
      Increasing Premium Rates Attract Public Wrath
      Measures to Sustain Financial Stability
      Insurers’ Assets Exceeds 300 Trillion Won
      Insurance Industry Eyes Advanced IT Systems
      Chinese Market offer Greener Pastures for Korean Insurers
      Non-Life and Life Insurance Companies Plan Cross-Selling of
      Insurance Products
      Online Motor Insurance Rapidly Gaining Ground
      Online Motor Insurance Premiums to Cross 100 Billion Won Mark
      Renewal Rates Increase in Motor Insurance
      Life Insurance Industry
      Life Insurance to Debut in the Korean Stock Market
      Korean Life Insurers Provide Strong Growth Potential
      Korea - A Well Developed Market with a Lucrative Shift in
      Product Mix
      Life Insurance Industry Undergoes Major Changes
      Quasi-Insurers Enhance Penetration in Korean Life Insurance
      Bancassurance Boosts Life Insurance Market But also Brews Rift
      Between Banks and Insurers
      Bigwigs Lose Share
      Foreign Life Insurance Firms Dominate
      Table 171: Korean Life Insurance Market (2005): Percentage
      Breakdown of Premium by Type - Individual (Endowment, Pure
      Endowment, Term Insurance), and Group (includes corresponding
      Graph/Chart)
      Key Players
      Table 172: Leading Players in South Korean Life Insurance
      Market (2006 & 2007): Percentage Breakdown of Premiums by
Company - Samsung Life, Kyobo Life, Korea Life, ING, AIG, and
Others (includes corresponding Graph/Chart)
Table 173: Leading Players in South Korean Corporate Pension
Insurance Market (2006 & 2007): Percentage Breakdown of
Premiums by Company - Samsung Life, Samsung F&M, Kyobo Life,
Korea Life, Mirae Asset Life, Other Life Insurers, and Other
P&C Insurers (includes corresponding Graph/Chart)
Table 174: Leading Players in South Korean Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Samsung Life, Korea Life, Kyobo life, Allianz, and SK Life
(includes corresponding Graph/Chart)
Non-Life Insurance Industry
Long-Term Insurance and Investment Profits Aid Non-Life
Sector’s Growth
Table 175: Korean Non-Life Insurance Market (2005 & 2006):
Percentage Breakdown of Direct Premiums by Category - Auto,
Commercial, and Long-term (includes corresponding Graph/Chart)
Key Players
Table 176: Leading Players in Korean Non-Life Insurance Market
(2005): Percentage Market Share by Insurer - Dongbu Insurance,
Hyundai M&F, LIG Insurance, Samsung, and Others(includes
corresponding Graph/Chart)
Table 177: Leading Players in Korean Non-Life (Long-Term)
Insurance Market (2005): Percentage Market Share by Insurer -
Dongbu Insurance, Hyundai M&F, LIG Insurance, Samsung, and
Others(includes corresponding Graph/Chart)
Table 178: Leading Players in Korean Non-Life (Commercial)
Insurance Market (2005): Percentage Market Share by Insurer -
Dongbu Insurance, Hyundai M&F, LIG Insurance, Samsung, and
Others (includes corresponding Graph/Chart)
Table 179: South Korean Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Billion by Leading Companies for
Samsung, Hyundai, Dongbu, LG, Oriental, Seoul Guarantee, First,
Shindongah, Ssangyong, and Daehan (includes corresponding
Graph/Chart)
Table 180: Leading Players in South Korean Non-Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Samsung, Hyundai, Dongbu, LG, and Oriental (includes
corresponding Graph/Chart)
Auto Insurance Market
Battle Heats up in Korean Online Motor Insurance Market
Table 181: Korean Automotive Insurance Market (2005): Direct
Premiums and Claims Paid in Won Billion
     Table 182: Leading Players in Korean Automotive Insurance
     Market (2005): Percentage Market Share by Insurer - Dongbu
     Insurance, Hyundai M&F, LIG Insurance, Samsung, and
     Others(includes corresponding Graph/Chart)
     Korean Marine and Aviation Insurance - An Overview
     Property Insurance Market
     Table 183: Korean Non-Life Insurance Market (2005):
     Percentage Breakdown of Premium by Distribution Channel
     -Agents, Bancassurance, Brokers, Employees, Solicitors, and
     Others (includes corresponding Graph/Chart)
     A Recent Past Market Scenario
     Auto Insurance Market
     Duration of Medical Insurance Coverage
     Insurance Fraud Costs Dear
     Initiatives in Web-Based Insurance Services
     Focus on Select South Korean Players
     Kyobo Life Insurance Co., Ltd. - Leading Life Insurer in Korea.
     Samsung Life Insurance
     Shinhan Bank


10. Sri Lanka
      Life Insurance Market
      Table 184: Leading Players in the Sri Lankan Life Insurance
      Industry (2003) - Gross Written Premium in US$ Million for Sri
      Lanka, Ceylinco, Eagle, Union, and Janashakthi (includes
      corresponding Graph/Chart)
      Non-Life Insurance Market
      Table 185: Leading Players in the Sri Lankan Non-Life Insurance
      Industry (2003) - Gross Written Premium in US$ Million for Sri
      Lanka, Ceylinco, Janashakthi, Union, and Eagle (includes
      corresponding Graph/Chart)


11. Taiwan
      Table 186: Taiwanese Recent Past, Current & Future Analysis for
      Insurance Industry by Segment - Life and Non-Life Markets
      Independently Analyzed with Annual Premium Income in
      NT$ Billion for the Years 2006 through 2010 (includes
      corresponding Graph/Chart)
      Table 187: Taiwanese 5 -Year Perspective for Insurance Industry
      by Segment - Percentage Breakdown of Premium Income for Life
      and Non-Life Markets for 2006, 2008, and 2010 (includes
      corresponding Graph/Chart)
Table 188: Taiwanese Insurance Industry (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category - Life
and Non-Life
Market Overview
Opportunity to Expand to Mainland China Sparks Insurance
Industry Growth
Establishment of Appointed Actuary System to Boost Growth
Risk-Based Capital Mechanism Launched
Central Insurance Offers Abduction Insurance for Taiwanese
Businessmen
Tokio Marine Merges with Newa Insurance Co., Offers Typhoon
Insurance
Table 189: Taiwanese Insurance Industry (2005): Benefits Paid
in NT$ Billion by Domestic Insurance Companies by Type -Annuity,
Death, Disability, Dread Disease, Maturity, Medical, Surrender,
Survivor Benefit, and Others (includes corresponding
Graph/Chart)
Table 190: Taiwanese Insurance Industry (2005): Benefits Paid
in NT$ Million by Foreign Insurance Companies by Type-
Disability, Death, Dread Disease, Maturity, Medical, Surrender,
Survivor Benefit, and Others (includes corresponding
Graph/Chart)
Table 191: Taiwanese Insurance Industry (2005): Reinsurance
Claims Paid in NT$ Million by Category - Life, Automobile, Fire,
Fishing Vessel, Marine Cargo, Marine Hull, Personal Accident,
and Miscellaneous (includes corresponding Graph/Chart)
Life Insurance Sector
Table 192: Taiwanese Life Insurance Market (2007 & 2008):
Percentage Breakdown of Premiums by Category for Individual
Life Insurance, Health Insurance, Accident Insurance, and
Annuity Insurance (includes corresponding Graph/Chart)
Table 193: Taiwanese Life Insurance Industry (2006): Percentage
Breakdown of Premiums by Type - Accident, Annuity, Health, Life,
and Group Insurance (includes corresponding Graph/Chart)
Table 194: Taiwanese Life Insurance Industry (2005): Premium
Income in NT$ Billion by Domestic and Foreign Companies by
Sector - Accident, Annuity, Health, Life, and Group Insurance
(includes corresponding Graph/Chart)
Table 195: Taiwanese Life Insurance Industry (2005): Premium
Income in NT$ Billion by Domestic and Foreign Companies for
Individual Life (Endowment, Pure Endowment, Insurance Against
Death), and Individual Annuity (Deferred Annuity, Immediate
Annuity) (includes corresponding Graph/Chart) Interest Rate
Environment Restricts Growth of Life Insurance Products
Key Players
Table 196: Leading Players in Taiwanese Life Insurance Industry
(2005): Percentage Market Share of Premiums by Company - Cathay
Life, Chunghwa, Fubon Life, ING Life, Nan Shan Life, Shin Kong
Life, and Others (includes corresponding Graph/Chart)
Table 197: Taiwanese Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for Cathay
Life, Nan Shan Life, Shin Kong Life, Chungwa Post, ING Life,
Fubon Life, Mass Mutual Mercuries, Kuo Hua Life, AZPL, and
China Life (includes corresponding Graph/Chart)
Table 198: Leading Players in the Taiwanese Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Cathay Life, Nan Shan Life, Shin Kong Life, ING Life, and Kuo
Hua Life (includes corresponding Graph/Chart)
Non-Life Insurance Sector
General Insurance Sector Set to Witness Buoyant Times
Table 199: Taiwanese Non-life Insurance Market (2007 & 2008):
Percentage Breakdown of Premium Income by Category for
Automobile, Fire, Marine Cargo, Engineering, Marine Hull,
Aviation, and Miscellaneous Casualty Insurance (includes
corresponding Graph/Chart)
Table 200: Taiwanese Non-Life Insurance Industry (2006): Direct
Written Premiums and Retained Premiums in NT$ Million by Sector
- Auto, Aviation, Fire, Marine, and Other Property & Casualty
Table 201: Taiwanese Non-Life Insurance Industry (2006): Direct
Written Premiums and Retained Premiums in NT$ Million by
Domestic Companies, and Foreign Companies
Market Players - The Strategies
Market Leaders
Table 202: Leading Players in Taiwanese Non-Life Insurance
Industry (2005 & 2006): Percentage Market Share of Premiums by
Company - Cathay Century, Central, Chung Kuo, the First, Fubon,
Mingtai, Shin Kong, South China, Tai Ping, Taian, Taiwan Fire,
Tokio Marine Newa, and Others (includes corresponding
Graph/Chart)
Table 203: Taiwanese Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for Fubon,
Mingtai, Shin Kong, Union, Cathay Century, Central, Taian,
Zurich, Chung Kuo, and Newa (includes corresponding Graph/Chart)
Table 204: Taiwanese Non-Life Insurance Industry (2003): Net
Premium and Net Losses in NT$ Million for Domestic and Foreign
Companies
Table 205: Leading Players in the Taiwanese Non-Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
     Fubon, Mingtai, Shin Kong, Central, and Cathay Century
     (includes corresponding Graph/Chart)
     Assessing Earthquake Exposure - A Key Development During Early
     2000s


12. Thailand
      Market Overview
      Insurance Sector Representation
      Table 206: Thai Recent Past, Current & Future Analysis for
      Insurance Industry by Segment - Life and Non-Life Markets
      Independently Analyzed with Annual Premium Income in Billion
      Baht for the Years 2005 through 2010 (includes corresponding
      Graph/Chart)
      Table 207: Thai 6 -Year Perspective for Insurance Industry by
      Segment - Percentage Breakdown of Premium Income for Life and
      Non-Life Insurance Markets for 2005, 2008, and 2010 (includes
      corresponding Graph/Chart)
      Thai Insurance Industry - Obstacles and Issues
      Group Policies - Exhibiting Fantastic Growth
      Low Return on Investments Cast Shadow on New Business
      Table 208: Thai Insurance Industry (2005 & 2006): Benefits Paid
      in Million Baht by Category - Annuity, Accident & Disability,
      Death, Health, Maturity, Surrender, and Others (includes
      corresponding Graph/Chart)
      Life Insurance Sector
      Table 209: Thai Life Insurance Market (2007): Premiums in
      Billion Baht by Group & Individual Category - Main Policy,
      Health Rider, Accident Rider, Other Rider, and Personal
      Accident (includes corresponding Graph/Chart)
      Major Players
      Table 210: Leading Players in Thai Life Insurance Market (2006
      & 2007): Percentage Breakdown of Direct Premiums by Company -
      A.I.A, Thai Life Insurance, Ayudhya Allianz C.P Life, Muang
      Thai Life, Siam Commercial New York, Bangkok Life, Ocean Life,
      and Others (Including Krungthai Axa Life, ING Life Limited, and
      Finansa Life Assurance) (includes corresponding Graph/Chart)
      Table 211: Thai Life Insurance Industry (2003): Gross Written
      Premium in US$ Million by Leading Companies for AIA, Thai Life,
      Ayudhya Allianz C.P., Bangkok, Ocean, Muang Thai, Siam
      Commercial, Nationwide, Zurich National, and South East
      (includes corresponding Graph/Chart)
      Table 212: Leading Players in the Thai Life Insurance Industry
      (2002) - Gross Written Premium in US$ Million for AIA, Thai
     Life, Ayudhya CMG, Bangkok, and Ocean (includes corresponding
     Graph/Chart)
     Non-Life Insurance Sector
     Table 213: Thai Non-life Insurance Market (2006 & 2007):
     Percentage Breakdown of Net Written Premiums by Line of
     Business - Automobile (Voluntary, & Compulsory), Fire, Marine &
     Transportation, and Miscellaneous* (includes corresponding
     Graph/Chart)
     Table 214: Leading Players in Thai Non-Life Insurance Market
     (2006): Percentage Breakdown of Direct Premiums by Company -
     Viriyah Insurance, Sampanth Insurance, Bangkok Insurance,
     Synmunkong Insurance, The Safety Insurance, LMG Insurance,
     Thanachart Insurance, Liberty Insurance, Mittare Insurance,
     Dhipaya Insurance and Others (includes corresponding
     Graph/Chart)
     Table 215: Thai Non-life Insurance Market (2006 & 2007):
     Percentage Breakdown of the Sum Insured in Billion Baht by Line
     of Business - Marine & Transportation, Industrial (All Risks),
     Personal Accident, Fire, Automobile, and Miscellaneous*
     (includes corresponding Graph/Chart)
     Table 216: Thai Non-Life Insurance Industry (2003): Gross
     Written Premium in US$ Million by Leading Companies for Viriyah,
     Dhipaya, Bangkok, Sampanth, Deves, Synmunkong, The Safety, New
     Hampshire, Aviva, and Commercial (includes corresponding
     Graph/Chart)
     Table 217: Leading Players in the Thai Non-Life Insurance
     Industry (2002) - Gross Written Premium in US$ Million for
     Viriyah, Dhipaya, Bangkok, Deves, and The Safety (includes
     corresponding Graph/Chart)
     A Recent Past Market Scenario
     Life Insurance in New Millennium
     Non-Life Sector Lagging Behind
     The Reforms
     Investment Returns
     Joint Ventures on the Rise


13. Vietnam
      Market Overview
      Insurance Sector Representation
      Table 218: Vietnamese Recent Past, Current & Future Analysis
      for Insurance Industry by Segment - Life and Non-Life Markets
      Independently Analyzed with Annual Premium Income in
      US$ Million for the Years 2005 through 2009 (includes
      corresponding Graph/Chart)
Table 219: Vietnamese 5 -Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Insurance Markets for 2005, 2007, and
2009 (includes corresponding Graph/Chart)
Table 220: Insurance Market in Vietnam: Premium in US$ Million
and Premium/GDP for the Period 1997-2002 (includes
corresponding Graph/Chart)
Industry Structure
Major Categories of Insurance
Life Insurance Sector Witnesses Decline
Insurance Business Suffers from Lack of Domestic Brokers
Stiff Competition Brewing
Players and the Potential
State Insurer Feels the Pinch
Leading Insurance Companies/Groups Active in Vietnam
Entry of Foreign Companies
Foreign Insurers Make Mark in Vietnamese Insurance Market
Foreign Insurers Increasingly Rely on Joint Ventures to Enter
Vietnamese Market
Foreign Insurers Queue Up to Enter Vietnam Life Market
The Present and Future
The Obligatory Social Insurance
Life Insurance Market
Key Market Characteristics
Key Players
Table 221: Leading Players in the Life Insurance Industry of
Vietnam (2004): Percentage Market Share by Company - AIA, Bao
Minh CMg, BaoViet, Manulife, and Prudential (includes
corresponding Graph/Chart)
Table 222: Leading Players in the Life Insurance Industry of
Vietnam (2003): Percentage Share Breakdown by Premium for
BaoViet, Prudential, and Manulife (includes corresponding
Graph/Chart)
Table 223: Leading Players in the Life Insurance Industry of
Vietnam (2001) - Gross Written Premium in US$ Million for Bao
Viet, Prudential, Manulife, AIA, and Bao Minh CMG (includes
corresponding Graph/Chart)
Non-Life Insurance Sector
Leading Players
Table 224: Leading Players in the Non-Life Insurance Industry
of Vietnam (2004): Percentage Market Share by Company - Allianz,
Bao Minh, BIDV-QBE, BaoViet, PJICO, PTI, PVI, Samsung-Vina, UIC,
VIA, and Others (includes corresponding Graph/Chart)
     Table 225: Leading Players in the Non-Life Insurance Industry
     of Vietnam (2003): Percentage Share Breakdown by Premium for
     BaoViet, BaoMinh, PJICO, PV Insurance, and Others (includes
     corresponding Graph/Chart)
     Table 226: Leading Players in the Non-Life Insurance Industry
     of Vietnam (2001) - Gross Written Premium in US$ Million for
     Bao Viet, Bao Minh, PVIC, PJICO, and PTI (includes
     corresponding Graph/Chart) E
     Vietnamese Insurance Industry - A Recent Past Perspective
     Unfair Competition Moves
     Senior Executives Get Training in International Practices
     Focus on Select Vietnamese Players
     Baominh-CMG
     BaoViet (Vietnam Insurance Corp.)


14. Product Launches
      Allianz Life Launches Capital Protected Plan II
      SLFP Introduces Sachetized Insurance Packages
      Jerneh Insurance Launches Management Corporation Strata Title
      Insurance Scheme
      MITA and Kurnia Form Partnership for Providing New Insurance
      Scheme
      Lloyd’s to Introduce Islamic Insurance Polices

15. Recent Industry Activity
      AIG Forms Alliance with Seoul Guarantee
      ERGO Acquires Stake in Daum Direct Auto Insurance
      Kookmin Bank to Divest Interest in ING Life Insurance
      HSBC Insurance to Acquire Stake in Hana’s Life Insurance
      Subsidiary
      Hainan Airlines to Form Joint Venture with SKLI of Taiwan
      PAC Partners with TIA Technology to Gain Greater Market Share
      in Malaysia
      DRB-HICOM to Divest Interests in Insurance Businesses
      AXA Enters into Strategic Partnership with Bao Minh Insurance
      Bao Minh Insurance and Federal Insurance Enter into Agreement
      Allied Bank to Increase Stake in New York Life Insurance
      Aviva Obtains Regulatory Consent for Joint Venture in Taiwan
      HSBC Establishes Life Insurance Company in Taiwan
      AEGON & Taishin Enters into Joint Venture
      Allianz to Take Over Commerce Assurance
      Bumiputra to Divest Stake
      Manila Electric to Acquire Insurance Firm
      Allianz to Divest Stake in Hana Life Insurance
     AXA to Acquire 75% Stake in Kyobo Auto
     Allianz to Buy Remaining Stake in Allianz President
     Aviva to Form JV with FFHC
     ACE Enters Vietnam’s Non-Life Sector
     Cardif, Seabank and Vietcombank to Form Joint Venture
     Indonesian Govt to Divest Stake in Two Companies
     Boustead Holdings to Buy 45% Stake in Royal & SunAlliance
     Insurance
     Allied Bank and Lucio Tan Group to Buy NY Life Insurance
     Qatar Company to Acquire Sampanh Insurance
     AIG Buys Out Central Insurance
     Prudential Secures License for Islamic Insurance
     AXA Takes Over Two Insurers in Asia
     HSBC and AIG Collaborate to Provide Joint Insurance in
     Indonesia
     CIGNA to Buy Stake in Thai Charoen Insurance
     QBE Buys Stake in Allianz
     OCBC Bank (M) Bhd Partners with Pacific Insurance
     ISM Enters into Collaborative Agreement with SAS
     Malaysian Insurance Institute Launches MII e-Academy
     Aviva Takes Over Stake in Eagle Insurance of Sri Lanka
     Standard Chartered and Eagle Insurance Form Alliance
     Insurance Australia Acquires Stake in Safety Insurance
     Navakij Insurance to Acquire Ocean General’s Underwriting
     Portfolio
     AIG Direct Marketing to Acquire Central Insurance
     Nanshan Life to Foray in Vietnamese Insurance Market
     Bangkok Bank Acquires 10% Stake in People Insurance of China
     Corporate
     Hyundai Eyes the US Market
     Mapfre Insular Insurance - A Philippino-Spanish Venture Takes
     Wings
     UMRe Merges with National Re
     Samsung Establishes Wholly Owned Subsidiary in China
     Met Life Inc Divests Unit in Indonesia
     Aon Acquires Remaining Stake in Aon Inchibrok
     BaoViet and BaoMinh Join Hands
     Millea Acquires Allianz President General
     Aon Risk Acquires Wrightson Ltd
     Finansa Public Acquires Nationwide Life Assurance
     Promina’s Vero Forms Joint Venture with CTIL

16. Strategic Corporate Developments in Recent Past
      PIC Acquires 95% Stake in Equitable PCI
      Allianz Buys 49% Stake in JV with AGF Insurance
Manulife Financial Concludes an Acquisition Agreement with
Chinfon Global
Sun Insurance Acquires Stake in Genins India
Bank of Philippine Islands Merges Insurance Subsidiaries
Crawford Opens Office in New Zealand
AIA Signs Contract with Asia Commercial Bank
Asia Commercial Bank and Prudential Vietnam Sign Cooperation
Agreement
First Fire & Marine Insurance Signs Deal With Sunwards
Industrial
BaoViet Signs Agreement with Vietnam Bank for Investment and
Development
Dabur CGU Life Insurance Acquires Insurance Corp. of Singapore
Bank of Philippines Islands and Mitsui Marine and Fire
Insurance Sign an MoU
OAMPS Insurance Brokers Acquire Policies of Harts One to One
Insurance Solutions
GAB Robins Opens Representative Office in China
Aquila Forges Partnership with Macquarie Bank
Kub Tekstil Signs MOU with Kurnia Insurans

								
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