Life Insurance - North America (NAFTA) Industry Guide

Life Insurance - North America (NAFTA) Industry Guide

Datamonitor's Life Insurance: North America (NAFTA) Industry Guide is an essential resource for top-level data and analysis covering the Life Insurance industry in each of the North American Free Trade Agreement (United States, Canada, and Mexico) 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 and Mexico, alongside individual chapters on each country. .

* Includes a five-year forecast of the industry

Highlights

The NAFTA life insurance market reaches a value of $627.4 billion in 2007.

The US is the leading country among the NAFTA bloc, with market revenues of $578.4 billion in 2007

Mexico was the fastest growing country, with a CAGR of 16% over the 2003–2007 period.


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 10
1.1 What is this report about? 10
1.2 Who is the target reader? 10
1.3 How to use this report 10
1.4 Definitions 11
CHAPTER 2 NAFTA COUNTRIES LIFE INSURANCE INDUSTRY OUTLOOK 12
CHAPTER 3 LIFE INSURANCE IN the United States 15
3.1 Market Overview 15
3.2 Market Value 16
3.3 Market Segmentation I 17
3.4 Market Segmentation II 18
3.5 Market Share 19
3.6 Five Forces Analysis 20
3.7 Leading Companies 27
3.8 Market Forecasts 39
3.9 Macroeconomic Indicators 41
CHAPTER 4 LIFE INSURANCE IN Mexico 42
4.1 Market Overview 42
4.2 Market Value 43
4.3 Market Segmentation I 44
4.4 Market Segmentation II 45
4.5 Market Share 46
4.6 Five Forces Analysis 47
4.7 Leading Companies 53
4.8 Market Forecasts 60
4.9 Macroeconomic Indicators 62
CHAPTER 5 LIFE INSURANCE IN Canada 64
5.1 Market Overview 64
5.2 Market Value 65
5.3 Market Segmentation I 66
5.4 Market Segmentation II 67
5.5 Market Share 68
5.6 Five Forces Analysis 69
5.7 Leading Companies 76
5.8 Market Forecasts 84
5.9 Macroeconomic Indicators 86
CHAPTER 6 Appendix 88
6.1 Data Research Methodology 88

List of Tables
Table 1: NAFTA countries Life Insurance industry, revenue ($bn) 2003–2012 12
Table 2: NAFTA countries Life Insurance industry, revenue ($ bn) 2003–2007 13
Table 3: NAFTA countries Life Insurance industry forecast, revenue ($ bn) 2007–2012 14
Table 4: United States Life Insurance Market Value: $ billion, 2003-2007 16
Table 5: United States Life Insurance Market Segmentation I: % Share, by Value, 2007 17
Table 6: United States Life Insurance Market Segmentation II: % Share, by Value, 2007 18
Table 7: United States Life Insurance Market Share: % Share, by Value, 2007 19
Table 1: Key Facts: American International Group, Inc. 27
Table 2: Key Financials: American International Group, Inc. 31
Table 3: Key Facts: MetLife, Inc 32
Table 4: Key Financials: MetLife, Inc. 34
Table 5: Key Facts: Prudential Financial 35
Table 6: United States Life Insurance Market Value Forecast: $ billion, 2007-2012 39
Table 7: United States Size of Population (million) , 2003-2007 41
Table 8: United States GDP (Constant 2000 Prices, $ billion), 2003-2007 41
Table 9: United States Inflation, 2003-2007 41
Table 10: Mexico Life Insurance Market Value: $ billion, 2003-2007 43
Table 11: Mexico Life Insurance Market Segmentation I: % Share, by Value, 2007 44
Table 12: Mexico Life Insurance Market Segmentation II: % Share, by Value, 2007 45
Table 13: Mexico Life Insurance Market Share: % Share, by Value, 2007 46
Table 14: Key Facts: MetLife, Inc. 53
Table 15: Key Financials: MetLife, Inc. 55
Table 16: Key Facts: Grupo Nacional Provincial S.A.B 56
Table 17: Key Facts: Banco Bilbao Vizcaya Argentaria (BBVA) 57
Table 18: Key Financials: Banco Bilbao Vizcaya Argentaria (BBVA) 59
Table 19: Mexico Life Insurance Market Value Forecast: $ billion, 2007-2012 60
Table 20: Mexico Size of Population (million) , 2003-2007 62
Table 21: Mexico GDP (Constant 2000 Prices, $ billion), 2003-2007 62
Table 22: Mexico Inflation, 2003-2007 62
Table 23: Mexico Exchange Rate, 2003 63
Table 24: Canada Life Insurance Market Value: $ billion, 2003-2007 65
Table 25: Canada Life Insurance Market Segmentation I: % Share, by Value, 2007 66
Table 26: Canada Life Insurance Market Segmentation II: % Share, by Value, 2007 67
Table 27: Canada Life Insurance Market Share: % Share, by Value, 2007 68
Table 28: Key Facts: Industrial Alliance Insurance and Financial Services Inc. 76
Table 29: Key Facts: Manulife Financial Corporation 78
Table 30: Key Financials: Manulife Financial Corporation 80
Table 31: Key Facts: Sun Life Financial Inc. 81
Table 32: Key Financials: Sun Life Financial Inc. 83
Table 33: Canada Life Insurance Market Value Forecast: $ billion, 2007-2012 84
Table 34: Canada Size of Population (million) , 2003-2007 86
Table 35: Canada GDP (Constant 2000 Prices, $ billion), 2003-2007 86
Table 36: Canada Inflation, 2003-2007 86
Table 37: Canada Exchange Rate, 2003 87

List of Figures
Figure 1: NAFTA countries Life Insurance industry, revenue ($bn) 2003–2012 12
Figure 2: NAFTA countries Life Insurance industry, revenue ($ bn) 2003–2007 13
Figure 3: NAFTA countries Life Insurance industry forecast, revenue ($ bn) 2007–2012 14
Figure 4: United States Life Insurance Market Value: $ billion, 2003-2007 16
Figure 5: United States Life Insurance Market Segmentation I: % Share, by Value, 2007 17
Figure 6: United States Life Insurance Market Segmentation II: % Share, by Value, 2007 18
Figure 7: United States Life Insurance Market Share: % Share, by Value, 2007 19
Figure 1: Forces Driving Competition in the Life Insurance Market in the US, 2007 20
Figure 2: Drivers of Buyer Power in the Life Insurance Market in the US, 2007 21
Figure 3: Drivers of Supplier Power in the Life Insurance Market in the US, 2007 22
Figure 4: Factors Influencing the Likelihood of New Entrants in the Life Insurance Market in the US, 2007 23
Figure 5: Factors Influencing the Threat of Substitutes in the Life Insurance Market in the US, 2007 24
Figure 6: Drivers of Degree of Rivalry in the Life Insurance Market in the US, 2007 25
Figure 7: Revenues & Profitability: American International Group, Inc. 31
Figure 8: Revenues & Profitability: MetLife, Inc. 34
Figure 9: United States Life Insurance Market Value Forecast: $ billion, 2007-2012 40
Figure 10: Mexico Life Insurance Market Value: $ billion, 2003-2007 43
Figure 11: Mexico Life Insurance Market Segmentation I: % Share, by Value, 2007 44
Figure 12: Mexico Life Insurance Market Segmentation II: % Share, by Value, 2007 45
Figure 13: Mexico Life Insurance Market Share: % Share, by Value, 2007 46
Figure 14: Forces Driving Competition in the Life Insurance Market in Mexico, 2007 47
Figure 15: Drivers of Buyer Power in the Life Insurance Market in Mexico, 2007 48
Figure 16: Drivers of Supplier Power in the Life Insurance Market in Mexico, 2007 49
Figure 17: Factors Influencing the Likelihood of New Entrants in the Life Insurance Market in Mexico, 2007 50
Figure 18: Factors Influencing the Threat of Substitutes in the Life Insurance Market in Mexico, 2007 51
Figure 19: Drivers of Degree of Rivalry in the Life Insurance Market in Mexico, 2007 52
Figure 20: Revenues & Profitability: MetLife, Inc. 55
Figure 21: Revenues & Profitability: Banco Bilbao Vizcaya Argentaria (BBVA) 59
Figure 22: Mexico Life Insurance Market Value Forecast: $ billion, 2007-2012 61
Figure 23: Canada Life Insurance Market Value: $ billion, 2003-2007 65
Figure 24: Canada Life Insurance Market Segmentation I: % Share, by Value, 2007 66
Figure 25: Canada Life Insurance Market Segmentation II: % Share, by Value, 2007 67
Figure 26: Canada Life Insurance Market Share: % Share, by Value, 2007 68
Figure 27: Forces Driving Competition in the Life Insurance Market in Canada, 2007 69
Figure 28: Drivers of Buyer Power in the Life Insurance Market in Canada, 2007 70
Figure 29: Drivers of Supplier Power in the Life Insurance Market in Canada, 2007 72
Figure 30: Factors Influencing the Likelihood of New Entrants in the Life Insurance Market in Canada, 2007 73
Figure 31: Factors Influencing the Threat of Substitutes in the Life Insurance Market in Canada, 2007 74
Figure 32: Drivers of Degree of Rivalry in the Life Insurance Market in Canada, 2007 75
Figure 33: Revenues & Profitability: Manulife Financial Corporation 80
Figure 34: Revenues & Profitability: Sun Life Financial Inc. 83
Figure 35: Canada Life Insurance Market Value Forecast: $ billion, 2007-2012 85