Synopsis

The report provides top-level market analysis, information and insights into the life insurance industry in the BRIC countries, including:
• The life insurance industry’s current scenario and growth prospects by product category
• The competitive landscape in the life insurance industry in the BRIC countries
• The current scenario and future outlook of various distribution channels in the life insurance industry
• The product strategy and customer target strategy adopted by life insurance companies and the future outlook
• The market drivers and the challenges faced by the life insurance industry in the BRIC countries

Summary

The BRIC (Brazil, Russia, India and China) countries have become the focus for global business investments due to their significant growth prospects as a result of several favorable economic and demographic factors. The life insurance markets in BRIC countries are currently growing at a rapid rate. The life insurance growth will be supported by a multitude of factors, including robust economic growth, favorable demographics, increasing disposable income and rising life expectancy. The BRIC life insurance markets have also benefitted from the increased penetration of various distribution channels and growing awareness of the advantages of life insurance in the countries. The life insurance markets are expected to experience considerable growth, and each market will register a CAGR of more than 10% during the forecast period. The individual life insurance category, rather than the group insurance category, dominates the respective life insurance markets of the BRIC countries. Bancassurance, which will be a major growth driver for the life insurance markets in most emerging countries, is expected to increase its share of life insurance policy sales in Brazil and Russia.

Scope

This report provides an extensive analysis of the life insurance market in the BRIC countries:
• It provides historical and forecast market sizes for the life insurance market for the report’s 2006–2010 review period and forecast figures for the 2011–2015 forecast period
• It offers a detailed analysis of the key sub-categories in the life insurance industry, along with market forecasts until 2015
• It covers a comprehensive list of indicators, including written premium, incurred loss, loss ratio, combined ratio and investments of the life insurance industry in each of the BRIC countries
• It analyses the various distribution channels with their future outlook for life insurance products in the BRIC countries
• It provides a snapshot of the competitive landscape detailing the market shares held by the top players in each of the BRIC countries

Reasons To Buy

• Gain indepth insights into the market dynamics of the life insurance markets and their sub-categories in the BRIC countries
• Identify the key growth segments within the life insurance markets of the BRIC countries
• Understand the customer segments, associated demand dynamics, key trends and drivers and the growth opportunities within the life insurance markets
• Assess the industry structure and the competitive landscape in the BRIC countries
• Identify the growth opportunities and industry dynamics within seven key product categories
• Understand the channel dynamics of the life insurance markets in the BRIC countries
• Gain insights into the key regulations governing the insurance industry in the BRIC countries

Key Highlights

• Life insurance growth will be supported by a multitude of factors, including the BRIC countries’ robust economic growth, favorable demographics, increasing disposable income and rising life expectancy
• The life insurance markets in China and India are expected to more than double during the forecast period, and Brazil and Russia will also register strong growth rates
• The IRDA’s proposal to increase the limit on foreign direct investment from 26% to 49% will be a key growth driver for the Indian life insurance market
• Brazil’s life insurance market is concentrated and contains a few companies with very large market shares
• The Russian life insurance market contributed just 2.2% of the total written premiums generated by the insurance industry in 2010
• By 2020, The Chinese insurance industry is expected to become larger than Japan’s, making it the second-largest insurance industry in the world, trailing only the US

Table Of Contents

Table of Contents
1 Executive Summary
2 BRIC Life Insurance Market Attractiveness
2.1 Overview
2.2 Market size
2.3 Key Trends
3 Brazil
3.1 Summary
3.2 Brazilian Life Insurance Market Size and Growth Potential
3.2.1 Overview
3.2.2 Brazilian life insurance market size
3.2.3 Brazilian life insurance growth potential
3.3 Brazilian Life Insurance Trends and Drivers
3.3.1 Macroeconomic fundamentals
3.3.2 Key performance indicators
3.3.3 Business drivers
3.3.4 Consumer drivers
3.3.5 Regulations
3.4 Life Insurance Structure and Competitive Landscape
3.4.1 Life insurance structure
3.4.2 Competitive landscape
3.5 Product Strategy and Customer Targeting
3.5.1 Introduction
3.5.2 Customer target strategy
3.5.3 Current and future product strategy
3.6 Distribution Channels
3.7 Challenges
4 Russia
4.1 Summary
4.2 Russia Life Insurance Market Size and Growth Potential
4.2.1 Overview
4.2.2 Life insurance market size
4.2.3 Life insurance growth potential
4.3 Russia Life Insurance Trends and Drivers
4.3.1 Macroeconomic fundamentals
4.3.2 Key performance indicators
4.3.3 Business drivers
4.3.4 Consumer drivers
4.3.5 Regulations
4.4 Life Insurance Structure and Competitive Landscape
4.4.1 Life insurance structure
4.4.2 Competitive landscape
4.5 Product Strategy and Customer Segmentation
4.5.1 Introduction
4.5.2 Customer target strategy
4.5.3 Current and future product strategy
4.6 Distribution Channels
4.7 Challenges
5 India
5.1 Summary
5.2 India Life Insurance Market Size and Growth Potential
5.2.1 Overview
5.2.2 Life insurance market size
5.2.3 Life insurance market growth potential
5.3 Indian Life Insurance Trends and Drivers
5.3.1 Macroeconomic fundamentals
5.3.2 Key performance indicators
5.3.3 Business drivers
5.3.4 Consumer drivers
5.3.5 Regulations
5.4 Life Insurance Structure and Competitive Landscape
5.4.1 Life insurance structure
5.4.2 Competitive landscape
5.5 Product Strategy and Customer Segmentation
5.5.1 Introduction
5.5.2 Customer target strategy
5.5.3 Current and future product strategy
5.6 Distribution Channels
5.7 Challenges
6 China
6.1 Summary
6.2 China Life Insurance Market Size and Growth Potential
6.2.1 Overview
6.2.2 Life insurance market size
6.2.3 Life insurance growth potential
6.3 China Life Insurance Trends and Drivers
6.3.1 Macroeconomic fundamentals
6.3.2 Key performance indicators
6.3.3 Business drivers
6.3.4 Consumer drivers
6.3.5 Regulations
6.4 Life Insurance Structure and Competitive Landscape
6.4.1 Life insurance structure
6.4.2 Competitive landscape
6.5 Product Strategy and Customer Segmentation
6.5.1 Introduction
6.5.2 Customer target strategy
6.5.3 Current and future product strategy
6.6 Distribution Channels
6.7 Challenges
7 Appendix
7.1 About BRICdata
7.2 Methodology
7.3 Definitions
7.4 Disclaimer


List of Tables
Table 1: BRIC Countries' Economic Prospects, 2015
Table 2: BRIC Countries' Life Insurance Performance Indicators, 2010
Table 3: BRIC Countries' Life Insurance Performance Indicators, 2010
Table 4: BRIC Countries' Distribution Channel Market Share Growth or Decline Prospects, 2011-2015
Table 5: BRIC Countries' Life Insurance Five Forces Analysis, 2011-2015
Table 6: Brazil Overall Insurance Market Share by Insurance Market (% Share), 2006-2015
Table 7: Brazilian Life Insurance Companies' Market Share (%), 2009
Table 8: Russia Overall Insurance Market Share by Insurance Market (% Share), 2006-2015
Table 9: Russian Life Insurance Companies' Market Share (%), 2010
Table 10: India Overall Insurance Market Share by Insurance Market (%),2006-2015
Table 11: Indian Life Insurance Companies Market Share (%), 2010
Table 12: China Overall Insurance Market Share by Insurance Market (%), 2006-2015
Table 13: Chinese Life Insurance Companies' Market Share (%), 2007 vs 2010



List of Figures

Figure 1: BRIC Countries' Life Insurance Market Dynamics, 2006-2015
Figure 2: BRIC Countries' Life Insurance Market Size (US$ Billion), 2010
Figure 3: BRIC Countries' Life Insurance Markey by Individual vs Group Plans (% Share), 2010
Figure 4: Brazil Overall Insurance Industry Size (BRL Billion), 2006-2015
Figure 5: Brazil Overall Insurance Market Dynamics by Insurance Market, 2006-2015
Figure 6: Brazilian Life Insurance Market Size (BRL Billion), 2006-2015
Figure 7: Brazilian Life Insurance Market Incurred Loss (BRL Billion) and Loss Ratio (%), 2006-2015
Figure 8: Brazilian Life Insurance Market Commissions and Expenses (BRL Billion) and Combined Ratio (%), 2006-2015
Figure 9: Brazilian Life Insurance Market Investments by Investment Type (% Share), 2006 vs 2010
Figure 10: Brazilian Life Insurance Market Per Capita Premium (BRL), 2006-2010
Figure 11: Brazilian Life Insurance Companies' Market Share (%), 2009
Figure 12: Brazilian Life Insurance Written Premium and Forecast by Sub-Category (BRL Billion), 2006-2015
Figure 13: Brazilian Life Insurance Written Premium by Sub-Category (% Share), 2010 vs 2015
Figure 14: Brazilian Access to Life Insurance According to Socio-Economic Distribution (%), 2009
Figure 15: Brazilian Life Insurance Market Dynamics by Sub-Category, 2006-2015
Figure 16: Brazilian Life Insurance New Business Written Premium - Distribution Channels (% Share), 2010 vs 2015
Figure 17: Brazilian Life Insurance New Business Policies Sold - Distribution Channels (% Share), 2010 vs 2015
Figure 18: Russia Overall Insurance Industry Size (RUB Billion), 2006-2015
Figure 19: Russia Overall Insurance Market Dynamics by Insurance Market, 2006-2015
Figure 20: Russian Life Insurance Market Size (RUB Billion), 2006-2015
Figure 21: Russian Life Insurance Market Incurred Loss (RUB Billion) and Loss Ratio (%), 2006-2015
Figure 22: Russian Life Insurance Market Commissions and Expenses (RUB Billion) and Combined Ratio (%), 2006-2015
Figure 23: Russian Life Insurance Market Investments by Investment Type, 2006 vs 2010
Figure 24: Russian Life Insurance Market Per Capita Premium (RUB), 2006-2010
Figure 25: Russian Life Insurance Companies' Market Share (%), 2010
Figure 26: Russian Life Insurance Written Premium and Forecast by Sub-Category (RUB Billion), 2006-2015
Figure 27: Russian Life Insurance Written Premium by Sub-Category (% Share), 2010 vs 2015
Figure 28: Russian Access to Life Insurance According to Socio-Economic Distribution (%), 2009
Figure 29: Russian Life Insurance Market Dynamics by Sub-Category, 2006-2015
Figure 30: Russian Life Insurance New Business Written Premium - Distribution Channels (% Share), 2010 vs 2015
Figure 31: Russian Life Insurance New Business Policies Sold - Distribution Channels (% Share), 2010 vs 2015
Figure 32: India Overall Insurance Industry Size (INR Billion), 2006-2015
Figure 33: India Overall Insurance Market Dynamics by Insurance Market, 2006-2015
Figure 34: India Life Insurance Market Size (INR Billion), 2006-2015
Figure 35: Indian Life Insurance Market Incurred Loss (INR Billion) and Loss Ratio (%), 2006-2015
Figure 36: Indian Life Insurance Market Commissions and Expenses (INR Billion) and Combined Ratio (%), 2006-2015
Figure 37: Indian Life Insurance Market Investments by Investment Type (% Share), 2006 vs 2010
Figure 38: Indian Life Insurance Market Per Capita Premium (INR), 2006-2010
Figure 39: Indian Life Insurance Companies Market Share (%), 2010
Figure 40: Indian Life Insurance Written Premium and Forecast by Sub-Category (INR Billion), 2006-2015
Figure 41: Indian Life Insurance Written Premium by Sub-Category (% Share), 2010 vs 2015
Figure 42: Indian Access to Life Insurance According to Socio-Economic Distribution (%), 2010
Figure 43: Indian Life Insurance Market Dynamics by Sub-Category, 2006-2015
Figure 44: Indian Life Insurance New Business Written Premium - Distribution Channels (%Share), 2010 vs 2015
Figure 45: Indian Life Insurance New Business Policies Sold - Distribution Channels (% Share), 2010 vs 2015
Figure 46: China Overall Insurance Industry Size (RMB Billion), 2006-2015
Figure 47: China Overall Insurance Market Dynamics by Insurance Market, 2006-2015
Figure 48: Chinese Life Insurance Market Size (RMB Billion), 2006-2015
Figure 49: Chinese Life Insurance Market Incurred Loss (RMB Billion) and Loss Ratio (%), 2006-2015
Figure 50: Chinese Life Insurance Market Commissions and Expenses (RMB Billion) and Combined Ratio (%), 2006-2015
Figure 51: Chinese Life Insurance Market Investments by Investment Type, 2006 vs 2010
Figure 52: Chinese Life Insurance Market Per Capita Premium (RMB), 2006-2010
Figure 53: Chinese Life Insurance Companies' Market Shares (%), 2010
Figure 54: Chinese Life Insurance Written Premium and Forecast by Sub-Category (RMB Billion), 2006-2015
Figure 55: Chinese Life Insurance Written Premium by Sub-Category, 2010 vs 2015
Figure 56: Chinese Access to Life Insurance According to Socio-Economic Distribution (%), 2009
Figure 57: Chinese Life Insurance Market Dynamics by Sub-Category, 2006-2015
Figure 58: Chinese Life Insurance New Business Written Premium - Distribution Channels (% Share), 2010 vs 2015
Figure 59: Chinese Life Insurance New Business Policies Sold - Distribution Channels (% Share), 2010 vs 2015


Companies Mentioned

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