Life Insurance - Global Group of Eight (G8) Industry Guide

Life Insurance - Global Group of Eight (G8) Industry Guide

Datamonitor's Life Insurance: Global Group of Eight (G8) Industry Guide is an essential resource for top-level data and analysis covering the Life Insurance industry in each of the G8 (United States, Canada, Germany, France, United Kingdom, Italy, Russia and Japan) countries. The report includes easily comparable data on market value, volume, segmentation and market share, plus full five year market forecasts. It examines future problems, innovations and potential growth areas within the market.

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

* Incorporates in-depth five forces competitive environment analysis and scorecards

* Compares data from the US, Canada, Germany, France, UK, Italy, Russia and Japan, alongside individual chapters on each country. .

* Includes a five-year forecast of the industry

Highlights

The G8 Life Insurance market grew by 5.8% between 2003 and 2007 to reach a value of 1705.4 billion

In 2012, the market is forecast to have a value of $2180.9 billion, an increase of 5.4% from 2007.

The US is the world’s largest market and generates 35% of global revenues.

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

Market Definition

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2007 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.

Table of Contents
CHAPTER 1 Introduction 17
1.1 What is this report about? 17
1.2 Who is the target reader? 17
1.3 How to use this report 17
1.4 Definitions 18
CHAPTER 2 GROUP OF EIGHT (G8) LIFE INSURANCE INDUSTRY OUTLOOK 19
CHAPTER 3 LIFE INSURANCE IN Canada 25
3.1 Market Overview 25
3.2 Market Value 26
3.3 Market Segmentation I 27
3.4 Market Segmentation II 28
3.5 Market Share 29
3.6 Five Forces Analysis 30
3.7 Leading Companies 37
3.8 Market Forecasts 45
3.9 Macroeconomic Indicators 46
CHAPTER 4 LIFE INSURANCE IN FRANCE 48
4.1 Market Overview 48
4.2 Market Value 49
4.3 Market Segmentation I 50
4.4 Market Segmentation II 51
4.5 Market Share 52
4.6 Five Forces Analysis 53
4.7 Leading Companies 60
4.8 Market Forecasts 65
4.9 Macroeconomic Indicators 66
CHAPTER 5 LIFE INSURANCE IN GERMANY 68
5.1 Market Overview 68
5.2 Market Value 69
5.3 Market Segmentation I 70
5.4 Market Segmentation II 71
5.5 Market Share 72
5.6 Five Forces analysis 73
5.7 Leading Companies 79
5.8 Market Forecasts 84
5.9 Macroeconomic Indicators 85
CHAPTER 6 LIFE INSURANCE IN ITALY 87
6.1 Market Overview 87
6.2 Market Value 89
6.3 Market Segmentation I 90
6.4 Market Segmentation II 91
6.5 Market Share 92
6.6 Five Forces analysis 93
6.7 Leading Companies 100
6.8 Market Forecasts 108
6.9 Macroeconomic Indicators 109
CHAPTER 7 LIFE INSURANCE IN JAPAN 111
7.1 Market Overview 111
7.2 Market Value 112
7.3 Market Segmentation I 113
7.4 Market Segmentation II 114
7.5 Market Share 115
7.6 Five Forces Analysis 116
7.7 Leading Companies 122
7.8 Market Forecasts 129
7.9 Macroeconomic Indicators 130
CHAPTER 8 LIFE INSURANCE IN RUSSIA 131
8.1 Market Overview 131
8.2 Market Value 132
8.3 Market Segmentation I 133
8.4 Market Segmentation II 134
8.5 Market Share 135
8.6 Five Forces Analysis 136
8.7 Leading Companies 143
8.8 Market Forecasts 146
8.9 Macroeconomic Indicators 147
CHAPTER 9 LIFE INSURANCE IN THE UNITED KINGDOM 149
9.1 Market Overview 149
9.2 Market Value 150
9.3 Market Segmentation I 151
9.4 Market Segmentation II 152
9.5 Market Share 153
9.6 Five Forces Analysis 154
9.7 Leading Companies 160
9.8 Market Forecasts 167
9.9 Macroeconomic Indicators 168
CHAPTER 10 LIFE INSURANCE IN THE UNITED STATES 170
10.1 Market Overview 170
10.2 Market Value 171
10.3 Market Segmentation I 172
10.4 Market Segmentation II 173
10.5 Market Share 174
10.6 Five Forces Analysis 175
10.7 Leading Companies 183
10.8 Market Forecasts 195
10.9 Macroeconomic Indicators 196
CHAPTER 11 Appendix 197
11.1 Data Research Methodology 197

List of Tables
Table 1: G8 Life Insurance industry, revenue ($bn), 2003–12 19
Table 2: G8 Life Insurance industry, revenue by country ($bn) 2003–2007 22
Table 3: G8 Life Insurance industry forecast, revenue by country ($bn) 2007–2012 24
Table 4: Canada Life Insurance Market Value: $ billion, 2003-2007 26
Table 5: Canada Life Insurance Market Segmentation I: % Share, by Value, 2007 27
Table 6: Canada Life Insurance Market Segmentation II: % Share, by Value, 2007 28
Table 7: Canada Life Insurance Market Share: % Share, by Value, 2007 29
Table 1: Key Facts: Industrial Alliance Insurance and Financial Services Inc. 37
Table 2: Key Facts: Manulife Financial Corporation 39
Table 3: Key Financials: Manulife Financial Corporation 41
Table 4: Key Facts: Sun Life Financial Inc. 42
Table 5: Key Financials: Sun Life Financial Inc. 44
Table 6: Canada Life Insurance Market Value Forecast: $ billion, 2007-2012 45
Table 7: Canada Size of Population (million) , 2003-2007 46
Table 8: Canada GDP (Constant 2000 Prices, $ billion), 2003-2007 46
Table 9: Canada Inflation, 2003-2007 47
Table 10: Canada Exchange Rate, 2003 47
Table 11: France Life Insurance Market Value: $ billion, 2003-2007 49
Table 12: France Life Insurance Market Segmentation I: % Share, by Value, 2007 50
Table 13: France Life Insurance Market Segmentation II: % Share, by Value, 2007 51
Table 14: France Life Insurance Market Share: % Share, by Value, 2007 52
Table 15: Key Facts: Prédica S.A. 60
Table 16: Key Facts: CNP Assurances SA 61
Table 17: Key Facts: AXA France Vie S.A. 63
Table 18: Key Facts: Cardif Société Vie 64
Table 19: France Life Insurance Market Value Forecast: $ billion, 2007-2012 65
Table 20: France Size of Population (million) , 2003-2007 66
Table 21: France GDP (Constant 2000 Prices, $ billion), 2003-2007 66
Table 22: France Inflation, 2003-2007 67
Table 23: France Exchange Rate, 2003 67
Table 24: Germany Life Insurance Market Value: $ billion, 2003-2007 69
Table 25: Germany Life Insurance Market Segmentation I: % Share, by Value, 2007 70
Table 26: Germany Life Insurance Market Segmentation II: % Share, by Value, 2007 71
Table 27: Germany Life Insurance Market Share: % Share, by Value, 2007 72
Table 28: Key Facts: Allianz Lebensversicherungs AG 79
Table 29: Key Facts: AachenMünchener Lebensversicherung AG 80
Table 30: Key Facts: Zurich Financial Services 81
Table 31: Key Financials: Zurich Financial Services 82
Table 32: Key Facts: R+V Lebensversicherung a.G. 83
Table 33: Germany Life Insurance Market Value Forecast: $ billion, 2007-2012 84
Table 34: Germany Size of Population (million) , 2003-2007 85
Table 35: Germany GDP (Constant 2000 Prices, $ billion), 2003-2007 85
Table 36: Germany Inflation, 2003-2007 86
Table 37: Germany Exchange Rate, 2003 86
Table 38: Italy Life Insurance Market Value: $ billion, 2003-2007 89
Table 39: Italy Life Insurance Market Segmentation I: % Share, by Value, 2007 90
Table 40: Italy Life Insurance Market Segmentation II: % Share, by Value, 2007 91
Table 41: Italy Life Insurance Market Share: % Share, by Value, 2007 92
Table 42: Key Facts: Assicurazioni Generali S.p.A. 100
Table 43: Key Facts: Alleanza Assicurazioni SpA 102
Table 44: Key Facts: Fondiaria-SAI, S.p.A. 104
Table 45: Key Facts: Unipol Gruppo Finanziario S.p.A. 106
Table 46: Italy Life Insurance Market Value Forecast: $ billion, 2007-2012 108
Table 47: Italy Size of Population (million) , 2003-2007 109
Table 48: Italy GDP (Constant 2000 Prices, $ billion), 2003-2007 109
Table 49: Italy Inflation, 2003-2007 110
Table 50: Italy Exchange Rate, 2003 110
Table 51: Japan Life Insurance Market Value: $ billion, 2003-2007 112
Table 52: Japan Life Insurance Market Segmentation I: % Share, by Value, 2007 113
Table 53: Japan Life Insurance Market Segmentation II: % Share, by Value, 2007 114
Table 54: Japan Life Insurance Market Share: % Share, by Value, 2007 115
Table 55: Key Facts: Nippon Life Insurance Company 122
Table 56: Key Financials: Nippon Life Insurance Company 124
Table 57: Key Facts: Dai-ichi Mutual Life Insurance Company, The 125
Table 58: Key Financials: Dai-ichi Mutual Life Insurance Company, The 126
Table 59: Key Facts: Sumitomo Life Insurance Company 127
Table 60: Japan Life Insurance Market Value Forecast: $ billion, 2007-2012 129
Table 61: Japan Size of Population (million) , 2003-2007 130
Table 62: Japan GDP (Constant 2000 Prices, $ billion), 2003-2007 130
Table 63: Japan Exchange Rate, 2003 130
Table 64: Russia Life Insurance Market Value: $ billion, 2003-2007 132
Table 65: Russia Life Insurance Market Segmentation I: % Share, by Value, 2007 133
Table 66: Russia Life Insurance Market Segmentation II: % Share, by Value, 2007 134
Table 67: Russia Life Insurance Market Share: % Share, by Value, 2007 135
Table 68: Key Facts: SK Sogaz-Zhizn’ (Sogaz Life) 143
Table 69: Key Facts: Russkiy Standart Strakhovanie 144
Table 70: Key Facts: Chulpan-Zhizn' 145
Table 71: Russia Life Insurance Market Value Forecast: $ billion, 2007-2012 146
Table 72: Russia Size of Population (million) , 2003-2007 147
Table 73: Russia GDP (Constant 2000 Prices, $ billion), 2003-2007 147
Table 74: Russia Inflation, 2003-2007 148
Table 75: Russia Exchange Rate, 2003 148
Table 76: United Kingdom Life Insurance Market Value: $ million, 2003-2007 150
Table 77: United Kingdom Life Insurance Market Segmentation I: % Share, by Value, 2007 151
Table 78: United Kingdom Life Insurance Market Segmentation II: % Share, by Value, 2007 152
Table 79: United Kingdom Life Insurance Market Share: % Share, by Value, 2007 153
Table 80: Key Facts: Aviva Plc 160
Table 81: Key Financials: Aviva Plc 161
Table 82: Key Facts: AXA Group 162
Table 83: Key Financials: AXA Group 164
Table 84: Key Facts: Legal & General Group Plc 165
Table 85: United Kingdom Life Insurance Market Value Forecast: $ million, 2007-2012 167
Table 86: United Kingdom Size of Population (million) , 2003-2007 168
Table 87: United Kingdom GDP (Constant 2000 Prices, $ billion), 2003-2007 168
Table 88: United Kingdom Inflation, 2003-2007 169
Table 89: United Kingdom Exchange Rate, 2003 169
Table 90: United States Life Insurance Market Value: $ billion, 2003-2007 171
Table 91: United States Life Insurance Market Segmentation I: % Share, by Value, 2007 172
Table 92: United States Life Insurance Market Segmentation II: % Share, by Value, 2007 173
Table 93: United States Life Insurance Market Share: % Share, by Value, 2007 174
Table 94: Key Facts: American International Group, Inc. 183
Table 95: Key Financials: American International Group, Inc. 187
Table 96: Key Facts: MetLife, Inc 188
Table 97: Key Financials: MetLife, Inc. 190
Table 98: Key Facts: Prudential Financial 191
Table 99: United States Life Insurance Market Value Forecast: $ billion, 2007-2012 195
Table 100: United States Size of Population (million) , 2003-2007 196
Table 101: United States GDP (Constant 2000 Prices, $ billion), 2003-2007 196
Table 102: United States Inflation, 2003-2007 196


List of Figures
Figure 1: G8 Life Insurance industry, revenue ($bn) 2003–2012 19
Figure 2: G8 Life Insurance industry, revenue by country (%) 2003–2012 20
Figure 3: G8 Life Insurance industry, revenue by country ($bn) 2003–2007 21
Figure 4: G8 Life Insurance industry forecast, revenue by country ($bn) 2007–2012 23
Figure 5: Canada Life Insurance Market Value: $ billion, 2003-2007 26
Figure 6: Canada Life Insurance Market Segmentation I: % Share, by Value, 2007 27
Figure 7: Canada Life Insurance Market Segmentation II: % Share, by Value, 2007 28
Figure 8: Canada Life Insurance Market Share: % Share, by Value, 2007 29
Figure 9: Forces Driving Competition in the Life Insurance Market in Canada, 2007 30
Figure 10: Drivers of Buyer Power in the Life Insurance Market in Canada, 2007 31
Figure 11: Drivers of Supplier Power in the Life Insurance Market in Canada, 2007 33
Figure 12: Factors Influencing the Likelihood of New Entrants in the Life Insurance Market in Canada, 2007 34
Figure 13: Factors Influencing the Threat of Substitutes in the Life Insurance Market in Canada, 2007 35
Figure 14: Drivers of Degree of Rivalry in the Life Insurance Market in Canada, 2007 36
Figure 15: Revenues & Profitability: Manulife Financial Corporation 41
Figure 16: Revenues & Profitability: Sun Life Financial Inc. 44
Figure 17: Canada Life Insurance Market Value Forecast: $ billion, 2007-2012 45
Figure 18: France Life Insurance Market Value: $ billion, 2003-2007 49
Figure 19: France Life Insurance Market Segmentation I: % Share, by Value, 2007 50
Figure 20: France Life Insurance Market Segmentation II: % Share, by Value, 2007 51
Figure 21: France Life Insurance Market Share: % Share, by Value, 2007 52
Figure 22: Forces Driving Competition in the Life Insurance Market in France, 2007 53
Figure 23: Drivers of Buyer Power in the Life Insurance Market in France, 2007 54
Figure 24: Drivers of Supplier Power in the Life Insurance Market in France, 2007 56
Figure 25: Factors Influencing the Likelihood of New Entrants in the Life Insurance Market in France, 2007 57
Figure 26: Factors Influencing the Threat of Substitutes in the Life Insurance Market in France, 2007 58
Figure 27: Drivers of Degree of Rivalry in the Life Insurance Market in France, 2007 59
Figure 28: France Life Insurance Market Value Forecast: $ billion, 2007-2012 65
Figure 29: Germany Life Insurance Market Value: $ billion, 2003-2007 69
Figure 30: Germany Life Insurance Market Segmentation I: % Share, by Value, 2007 70
Figure 31: Germany Life Insurance Market Segmentation II: % Share, by Value, 2007 71
Figure 32: Germany Life Insurance Market Share: % Share, by Value, 2007 72
Figure 33: Forces Driving Competition in the Life insurance Market in Germany, 2007 73
Figure 34: Drivers of Buyer Power in the Life insurance Market in Germany, 2007 74
Figure 35: Drivers of Supplier Power in the Life insurance Market in Germany, 2007 75
Figure 36: Factors Influencing the Likelihood of New Entrants in the Life insurance Market in Germany, 2007 76
Figure 37: Factors Influencing the Threat of Substitutes in the Life insurance Market in Germany, 2007 77
Figure 38: Drivers of Degree of Rivalry in the Life insurance Market in Germany, 2007 78
Figure 39: Revenues & Profitability: Zurich Financial Services 82
Figure 40: Germany Life Insurance Market Value Forecast: $ billion, 2007-2012 84
Figure 41: Italy Life Insurance Market Value: $ billion, 2003-2007 89
Figure 42: Italy Life Insurance Market Segmentation I: % Share, by Value, 2007 90
Figure 43: Italy Life Insurance Market Segmentation II: % Share, by Value, 2007 91
Figure 44: Italy Life Insurance Market Share: % Share, by Value, 2007 92
Figure 45: Forces Driving Competition in the Life Insurance Market in Italy, 2007 93
Figure 46: Drivers of Buyer Power in the Life Insurance Market in Italy, 2007 94
Figure 47: Drivers of Supplier Power in the Life Insurance Market in Italy, 2007 96
Figure 48: Factors Influencing the Likelihood of New Entrants in the Life Insurance Market in Italy, 2007 97
Figure 49: Factors Influencing the Threat of Substitutes in the Life Insurance Market in Italy, 2007 98
Figure 50: Drivers of Degree of Rivalry in the Life Insurance Market in Italy, 2007 99
Figure 51: Italy Life Insurance Market Value Forecast: $ billion, 2007-2012 108
Figure 52: Japan Life Insurance Market Value: $ billion, 2003-2007 112
Figure 53: Japan Life Insurance Market Segmentation I: % Share, by Value, 2007 113
Figure 54: Japan Life Insurance Market Segmentation II: % Share, by Value, 2007 114
Figure 55: Japan Life Insurance Market Share: % Share, by Value, 2007 115
Figure 56: Forces Driving Competition in the Life Insurance Market in Japan, 2007 116
Figure 57: Drivers of Buyer Power in the Life Insurance Market in Japan, 2007 117
Figure 58: Drivers of Supplier Power in the Life Insurance Market in Japan, 2007 118
Figure 59: Factors Influencing the Likelihood of New Entrants in the Life Insurance Market in Japan, 2007 119
Figure 60: Factors Influencing the Threat of Substitutes in the Life Insurance Market in Japan, 2007 120
Figure 61: Drivers of Degree of Rivalry in the Life Insurance Market in Japan, 2007 121
Figure 62: Revenues & Profitability: Nippon Life Insurance Company 124
Figure 63: Revenues & Profitability: Dai-ichi Mutual Life Insurance Company, The 126
Figure 64: Japan Life Insurance Market Value Forecast: $ billion, 2007-2012 129
Figure 65: Russia Life Insurance Market Value: $ billion, 2003-2007 132
Figure 66: Russia Life Insurance Market Segmentation I: % Share, by Value, 2007 133
Figure 67: Russia Life Insurance Market Segmentation II: % Share, by Value, 2007 134
Figure 68: Russia Life Insurance Market Share: % Share, by Value, 2007 135
Figure 69: Forces Driving Competition in the Life insurance Market in Russia, 2007 136
Figure 70: Drivers of Buyer Power in the Life insurance Market in Russia, 2007 137
Figure 71: Drivers of Supplier Power in the Life insurance Market in Russia, 2007 139
Figure 72: Factors Influencing the Likelihood of New Entrants in the Life insurance Market in Russia, 2007 140
Figure 73: Factors Influencing the Threat of Substitutes in the Life Insurance market in Russia, 2007 141
Figure 74: Drivers of Degree of Rivalry in the Life insurance Market in Russia, 2007 142
Figure 75: Russia Life Insurance Market Value Forecast: $ billion, 2007-2012 146
Figure 76: United Kingdom Life Insurance Market Value: $ million, 2003-2007 150
Figure 77: United Kingdom Life Insurance Market Segmentation I: % Share, by Value, 2007 151
Figure 78: United Kingdom Life Insurance Market Segmentation II: % Share, by Value, 2007 152
Figure 79: United Kingdom Life Insurance Market Share: % Share, by Value, 2007 153
Figure 80: Forces Driving Competition in the Life Insurance Market in the UK, 2007 154
Figure 81: Drivers of Buyer Power in the Life Insurance Market in the UK, 2007 155
Figure 82: Drivers of Supplier Power in the Life Insurance Market in the UK, 2007 156
Figure 83: Factors Influencing the Likelihood of New Entrants in the Life Insurance Market in the UK, 2007 157
Figure 84: Factors Influencing the Threat of Substitutes in the Life Insurance Market in the UK, 2007 158
Figure 85: Drivers of Degree of Rivalry in the Life Insurance Market in the UK, 2007 159
Figure 86: Revenues & Profitability: Aviva Plc 161
Figure 87: Revenues & Profitability: AXA Group 164
Figure 88: United Kingdom Life Insurance Market Value Forecast: $ million, 2007-2012 167
Figure 89: United States Life Insurance Market Value: $ billion, 2003-2007 171
Figure 90: United States Life Insurance Market Segmentation I: % Share, by Value, 2007 172
Figure 91: United States Life Insurance Market Segmentation II: % Share, by Value, 2007 173
Figure 92: United States Life Insurance Market Share: % Share, by Value, 2007 174
Figure 93: Forces Driving Competition in the Life Insurance Market in the US, 2007 175
Figure 94: Drivers of Buyer Power in the Life Insurance Market in the US, 2007 176
Figure 95: Drivers of Supplier Power in the Life Insurance Market in the US, 2007 178
Figure 96: Factors Influencing the Likelihood of New Entrants in the Life Insurance Market in the US, 2007 179
Figure 97: Factors Influencing the Threat of Substitutes in the Life Insurance Market in the US, 2007 180
Figure 98: Drivers of Degree of Rivalry in the Life Insurance Market in the US, 2007 181
Figure 99: Revenues & Profitability: American International Group, Inc. 187
Figure 100: Revenues & Profitability: MetLife, Inc. 190
Figure 101: United States Life Insurance Market Value Forecast: $ billion, 2007-2012 195