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Motor Insurance in Asia-Pacific

  • December 2014
  • -
  • MarketLine
  • -
  • 31 pages

Introduction

Motor Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Asia-Pacific motor insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*The motor insurance market consists of motor insurance for personal and commercial vehicles, including cars, light & heavy trucks, vans, motorcycles and mopeds. The value of the motor insurance market reflects gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the creation of this profile have been calculated using constant 2013 annual average exchange rates. The motor 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 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 the growth of base drivers, such as population numbers, GDP growth, and long-term interest rates.

*The Asia-Pacific motor insurance market is expected to generate total gross premium income of $240,192.6m in 2014, representing a compound annual growth rate (CAGR) of 8.8% between 2010 and 2014.

*The personal segment is expected to be the market's most lucrative in 2014, with total gross premium income of $166,217.9m, equivalent to 69.2% of the market's overall value.

*The performance of the market is forecast to decelerate, with an anticipated CAGR of 8.3% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $357,049.8m by the end of 2019.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the motor insurance market in Asia-Pacific

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the motor insurance market in Asia-Pacific

Leading company profiles reveal details of key motor insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific motor insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Asia-Pacific economy

Key Questions Answered

What was the size of the Asia-Pacific motor insurance market by value in 2014?

What will be the size of the Asia-Pacific motor insurance market in 2019?

What factors are affecting the strength of competition in the Asia-Pacific motor insurance market?

How has the market performed over the last five years?

Table Of Contents

Motor Insurance in Asia-Pacific
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 6
Market definition 6
Market analysis 6
Market Data 7
Market value 7
Market Segmentation 8
Category segmentation 8
Geography segmentation 9
Market Outlook 10
Market value forecast 10
Five Forces Analysis 11
Summary 11
Buyer power 12
Supplier power 13
New entrants 14
Threat of substitutes 15
Degree of rivalry 16
Leading Companies 17
NKSJ Holdings, Inc. 17
PICC Property and Casualty Company Limited 20
Ping An Insurance (Group) Company of China, Ltd. 23
Tokio Marine Holdings, Inc 26
Appendix 29
Methodology 29
Industry associations 30
Related MarketLine research 30

LIST OF TABLES
Table 1: Asia-Pacific motor insurance market value: $ million, 2010-14(e) 7
Table 2: Asia-Pacific motor insurance market category segmentation: $ million, 2014(e) 8
Table 3: Asia-Pacific motor insurance market geography segmentation: $ million, 2014(e) 9
Table 4: Asia-Pacific motor insurance market value forecast: $ million, 2014-19 10
Table 5: NKSJ Holdings, Inc.: key facts 17
Table 6: NKSJ Holdings, Inc.: key financials ($) 18
Table 7: NKSJ Holdings, Inc.: key financials (Â¥) 18
Table 8: NKSJ Holdings, Inc.: key financial ratios 18
Table 9: PICC Property and Casualty Company Limited: key facts 20
Table 10: PICC Property and Casualty Company Limited: key financials ($) 21
Table 11: PICC Property and Casualty Company Limited: key financials (CNY) 21
Table 12: PICC Property and Casualty Company Limited: key financial ratios 21
Table 13: Ping An Insurance (Group) Company of China, Ltd.: key facts 23
Table 14: Ping An Insurance (Group) Company of China, Ltd.: key financials ($) 24
Table 15: Ping An Insurance (Group) Company of China, Ltd.: key financials (CNY) 24
Table 16: Ping An Insurance (Group) Company of China, Ltd.: key financial ratios 24
Table 17: Tokio Marine Holdings, Inc: key facts 26
Table 18: Tokio Marine Holdings, Inc: key financials ($) 27
Table 19: Tokio Marine Holdings, Inc: key financials (Â¥) 27
Table 20: Tokio Marine Holdings, Inc: key financial ratios 27

LIST OF FIGURES
Figure 1: Asia-Pacific motor insurance market value: $ million, 2010-14(e) 7
Figure 2: Asia-Pacific motor insurance market category segmentation: % share, by value, 2014(e) 8
Figure 3: Asia-Pacific motor insurance market geography segmentation: % share, by value, 2014(e) 9
Figure 4: Asia-Pacific motor insurance market value forecast: $ million, 2014-19 10
Figure 5: Forces driving competition in the motor insurance market in Asia-Pacific, 2014 11
Figure 6: Drivers of buyer power in the motor insurance market in Asia-Pacific, 2014 12
Figure 7: Drivers of supplier power in the motor insurance market in Asia-Pacific, 2014 13
Figure 8: Factors influencing the likelihood of new entrants in the motor insurance market in Asia-Pacific, 2014 14
Figure 9: Factors influencing the threat of substitutes in the motor insurance market in Asia-Pacific, 2014 15
Figure 10: Drivers of degree of rivalry in the motor insurance market in Asia-Pacific, 2014 16
Figure 11: NKSJ Holdings, Inc.: revenues and profitability 19
Figure 12: NKSJ Holdings, Inc.: assets and liabilities 19
Figure 13: PICC Property and Casualty Company Limited: revenues and profitability 22
Figure 14: PICC Property and Casualty Company Limited: assets and liabilities 22
Figure 15: Ping An Insurance (Group) Company of China, Ltd.: revenues and profitability 25
Figure 16: Ping An Insurance (Group) Company of China, Ltd.: assets and liabilities 25
Figure 17: Tokio Marine Holdings, Inc: revenues and profitability 28
Figure 18: Tokio Marine Holdings, Inc: assets and liabilities 28

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