Life and Pensions Quarterly Competitor Monitor Q3 2010

• Publication date: January 2011

About This Report The Life and Pensions Competitor Tracker tracks strategic developments in product innovation, customer targeting, Merger and Acquisition, partnerships and organic growth. It provides expert analysis about trends developing in the global industry, supported by the strategic moves of 42 of its leading competitors. What's Included in This Report? * Detailed insight into p...

About This Report



The Life and Pensions Competitor Tracker tracks strategic developments in product innovation, customer targeting, Merger and Acquisition, partnerships and organic growth. It provides expert analysis about trends developing in the global industry, supported by the strategic moves of 42 of its leading competitors.


What's Included in This Report?




* Detailed insight into product innovation within life and pensions
* Offers insight into which emerging industry s life and pensions providers are focusing their efforts upon


Key Market Facts



Product innovation strategies by competitors continue to outweigh activities in mergers and take over s, partnerships or organic growth. Innovative solutions to protection products continue to be at the forefront of competitors' minds.


Why Should You Buy This Report?




* Track the strategic developments announced by 42 of your key competitors.
* Assess which geographies and strategic areas are seeing the most activity.

Pension Industry

OVERVIEW
Catalyst
Summary
Methodology

Introduction
The Life and Pensions Competitor Tracker provides both one month and 12 month views of developments
Datamonitor tracks 42 key life and pensions providers and distributors each quarter
Datamonitor’s Life and Pensions Team provides analysis of the key developments
A fully searchable database of the past 12 months of developments is also delivered alongside in the report
KEY TRENDS AND DEVELOPMENTS IN Q3 2010
Competitor activity in Q3 2010 lessened in pace compared to previous quarters
The number of competitor developments have been slowing in momentum as 2010 progresses
Competitor developments in product innovation continue to outweigh activities involving Merger and Acquisition, partnerships and organic growth.
Innovations on protection products received more attention from competitors in Q3 2010 than other products
The focus on domestic industry s has not abated in Q3 2010
Providers are undertaking Merger and Acquisition and partnership activities instead of growing organically
Life and pensions providers continue to focus heavily on product innovation instead of customer targeting activities
PRODUCT INNOVATION AND CUSTOMER TARGETING
Aviva
France: Aviva announces the launch of Aviva Lisséo Duo Septembre 2011
India: Aviva India announces the launch of one term plan and two unit-linked insurance plans
Taiwan: Aviva launches the 'Enrich Your Life' insurance program in Taiwan
UK: Aviva announces the launch of a pension iPhone application
AXA
UK: AXA launches an online portal for independent brokers
UK: AXA adds a new variable annuity product range to Secure Advantage
US: AXA introduces an index-linked life insurance policy
Friends Provident
UK: Friends Provident launches the Speed, Responsiveness and Technology Protection Toolkit
UK: Friends Provident lifts the technology lid
Guardian Life
US: John Hancock enhances its retirement plan services
US: John Hancock encourages advisors to keep up with the changing tax environment
US: John Hancock launches an online tool for financial representatives
US: John Hancock launches an educational website
HSBC
France: HSBC France announces the launch of HSBC Cap 18
Lincoln Financial Group
US: Lincoln Financial launches DurationGuarantee, a hybrid life product
Liverpool Victoria
UK: Liverpool Victoria provides a discount on its self-invested personal pension
Lloyds Banking Group
UK: Scottish Widows launches an online financial education and guidance tool
Manulife Financial
Canada: Manulife customers to get advice from Gail Vaz-Oxlade
China: Manulife introduces a dread disease plan
Japan: Manulife's investment type annuity product is on sale
Nationwide Building Society
UK: Nationwide enhances its income protection cover
Prudential Investments
UK: Prudential introduces a retirement planning tool for advisors
Standard Life
UK: Standard Life enhances its active money self-invested pension plan
The Hartford
US: The Hartford reduces retirement fund fee
M&A, PARTNERSHIPS AND ORGANIC GROWTH
Ageas
Turkey: Ageas to divest its life and pensions business in Turkey to BNP Paribas Assurance
Ukraine: Ageas to sell Fortis Life Insurance Ukraine to Horizon Capital
AIG
Japan: AIG sells it Japan-based life insurance subsidiaries
Aviva
Netherlands: BinckBank and Delta Lloyd sign an agreement in the pension industry
UK: Aviva signs an agreement with Santander to provide life protection products
Crédit Agricole
France: Crédit Agricole to buy Axeria life
Manulife
Canada: Manulife enters into an agreement with Franklin Templeton
China: Manulife-Sinochem receives approval to open a branch in Quanzhou, China
Old Mutual
South Africa: Old Mutual receives a proposal from HSBC to take over a controlling stake in Nedbank
Prudential
US: Prudential enters an agreement with Edward Jones for the distribution of variable annuities
Royal Bank of Scotland
UK: Royal Bank of Scotland enters into a new distribution agreement with Aviva
APPENDIX
Methodology
Ask the analyst
Datamonitor consulting
Disclaimer