Global Insurance Industry 2012-2017: Trend, Profit, and Forecast Analysis June 2012
Background
The global insurance industry gross premium grew 4.8% in 2011 compared 2010 and is anticipated to reach approximately US $6,095 billion in 2017 with a CAGR of 5.0% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global insurance industry and presents its findings in “Global Insurance Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The insurance industry comprises establishments that are primarily engaged in the pooling of risk by underwriting insurance (i.e., assuming the risk and assigning premiums) and annuities. The insurance industry is a highly fragmented and includes segments such as life insurance and non- life insurance. The European region currently dominates this industry; however, Latin America, eastern Europe, and the Middle East are expected to lead the industry in the future. Asia is expected to grow the fastest over the next decade.
As per the study, increase in per capita income is expected to boost the saving and investment in the insurance industry.Rapid industrialization and increasing trade volume is anticipated to boost the demand of non-life products such as marine insurance, insurance for catastrophic losses, and insurance on fixed assets,among others.
Lucintel’s study indicates that the life insurance segment of global insurance industry represents good growth prospects during forecast periodcompared to non-life insurance. A combination of factors such as demographic condition, interest rate fluctuations, and governmental regulations is expected to impact the industry dynamics significantly.
This comprehensive guide from Lucintel provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market’s potential. This report will save Lucintel clients hundreds of hours in personal research time on a global market and it offers significant benefits in expanding business opportunities throughout the global insuranceindustry.In a fast-paced ever-changing world, business leaders need every advantage available to them in a timely manner to drive change in the market and to stay ahead of their competition. This report provides business leaders with a keen advantage in this regard by making them aware of emerging trends and demand requirements on an annual basis.
Features and Scope of this Report:
To make any investment or strategic decision, you need adequate and timely information. This market report fulfills this core need.Some of the features of this market report are:
This study is intended for senior level executives, sales, marketing and business development professionals at various nodes of value chain of this market. This multi-client market study from Lucintel is used by small to multi-national Fortune 500 companies and utilized for a variety of reasons as follows.
Lucintel has closely tracked and conducted research on hundreds of markets since 1998. This study is a result of years of ongoing research and continuous monitoring of industry dynamics and trends at various nodes of the value chain from both the supply side and the demand side. Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis on it. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process
The global insurance industry gross premium grew 4.8% in 2011 compared 2010 and is anticipated to reach approximately US $6,095 billion in 2017 with a CAGR of 5.0% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global insurance industry and presents its findings in “Global Insurance Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The insurance industry comprises establishments that are primarily engaged in the pooling of risk by underwriting insurance (i.e., assuming the risk and assigning premiums) and annuities. The insurance industry is a highly fragmented and includes segments such as life insurance and non- life insurance. The European region currently dominates this industry; however, Latin America, eastern Europe, and the Middle East are expected to lead the industry in the future. Asia is expected to grow the fastest over the next decade.
As per the study, increase in per capita income is expected to boost the saving and investment in the insurance industry.Rapid industrialization and increasing trade volume is anticipated to boost the demand of non-life products such as marine insurance, insurance for catastrophic losses, and insurance on fixed assets,among others.
Lucintel’s study indicates that the life insurance segment of global insurance industry represents good growth prospects during forecast periodcompared to non-life insurance. A combination of factors such as demographic condition, interest rate fluctuations, and governmental regulations is expected to impact the industry dynamics significantly.
This comprehensive guide from Lucintel provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market’s potential. This report will save Lucintel clients hundreds of hours in personal research time on a global market and it offers significant benefits in expanding business opportunities throughout the global insuranceindustry.In a fast-paced ever-changing world, business leaders need every advantage available to them in a timely manner to drive change in the market and to stay ahead of their competition. This report provides business leaders with a keen advantage in this regard by making them aware of emerging trends and demand requirements on an annual basis.
Features and Scope of this Report:
To make any investment or strategic decision, you need adequate and timely information. This market report fulfills this core need.Some of the features of this market report are:
- Industry size estimates in terms of (US $) value by segments and by regions
- Global Insurance industry annual trend (2006-2011) and forecast (2012-2017)
- Porter’s Five Force analysis
- New product launch and merger and acquisition activity in global insurance industry
- Quarterly demand trend (Q1 2010-Q4 2011)and forecast analysis (Q1 2012 – Q4 2012) forglobal insurance industry
- Gross and net profit trends in the global insurance industry
- Cost structure trend in the global as well as regional insurance industry
This study is intended for senior level executives, sales, marketing and business development professionals at various nodes of value chain of this market. This multi-client market study from Lucintel is used by small to multi-national Fortune 500 companies and utilized for a variety of reasons as follows.
- Business development
- Strategic planning
- Business presentation
- Determination of market size and trend
- Competitive analysis
- Resource and inventory management
- Budgeting
- Investment decision
Lucintel has closely tracked and conducted research on hundreds of markets since 1998. This study is a result of years of ongoing research and continuous monitoring of industry dynamics and trends at various nodes of the value chain from both the supply side and the demand side. Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis on it. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process
1. EXECUTIVE SUMMARY
2. INDUSTRY DEFINITION AND SCOPE
3. INDUSTRY OVERVIEW
4. GLOBAL MACROECONOMIC OVERVIEW
5. INDUSTRY TRENDS
6. INDUSTRY FORECASTS
7. EMERGING TRENDS
8. CONCLUSIONS
2. INDUSTRY DEFINITION AND SCOPE
3. INDUSTRY OVERVIEW
4. GLOBAL MACROECONOMIC OVERVIEW
5. INDUSTRY TRENDS
6. INDUSTRY FORECASTS
7. EMERGING TRENDS
8. CONCLUSIONS
LIST OF FIGURES
CHAPTER 3. Industry Overview
Figure 3.1: External forces shaping global insurance industry
CHAPTER 4. Global Macroeconomic Overview
Figure 4.1: Global GDP growth rate trend
Figure 4.2: Global inflation rate trend
Figure 4.3: Global population growth rate trend
Figure 4.4: Global unemployment rate trend
Figure 4.5: Regional GDP growth rate trend
Figure 4.6: Regional inflation rate trend
Figure 4.7: Regional population growth rate trend
Figure 4.8: Regional unemployment rate trend
CHAPTER 5. Industry Trends
Figure 5.1: Global insurance industry annual trend (gross premium): 2006-11 (US $B)
Figure 5.2: Global insurance industry annual trend (revenue): 2006-11 ($ B)
Figure 5.3: Global insurance industry regional trend (gross premium) 2006-11 (US $B)
Figure 5.4: Global insurance industry regional trend (gross premium) 2006-11 (%)
Figure 5.5: Global insurance industry regional trend (revenue) 2006-11 (US $B)
Figure 5.6: Global insurance industry regional trend (revenue) 2006-11 (%)
Figure 5.7: Global insurance industry segment trend (gross premium): 2006-11 (US $B)
Figure 5.8: Global insurance industry segment trend (gross premium): 2006-11 (%)
Figure 5.9: Global insurance industry segment trend (revenue): 2006-11 (US $B)
Figure 5.10:Global insurance industry segment trend (revenue): 2006-11 (%)
Figure 5.11: Global insurance industry quarterly trend 2010-11 (US $B)
Figure 5.12: Global insurance industry profitability trends 2006-11
Figure 5.13: Global insurance industry revenue per employee trend 2006-11
Figure 5.14: Cost structure of global insurance industry 2006-11
Figure 5.15: Cost structure in North American insurance industry: 2006-11
Figure 5.16: Cost structure in European insurance industry: 2006-11
Figure 5.17: Cost structure in Asia Pacific Insurance Industry: 2006-11
Figure 5.18: Top five companies vs. insurance industry operating profit & net profit analysis: 2010
Figure 5.19: Cash on hand for global insurance industry 2006-11 (US $B)
Figure 5.20: Cash on hand for global insurance industry 2006-11 (%)
Figure 5.21: Asset for global insurance industry 2006-11 (US $B)
Figure 5.22: Assets for global insurance Industry 2006-11 (%)
Figure 5.23: Debt for global insurance industry 2006-11 (US $B)
Figure 5.24: Debts for global insurance industry 2006-11 (%)
Figure 5.25: Market shares of top players in global insurance industry in 2006
Figure 5.26: Market shares of top players in global insurance industry in 2010
Figure 5.27: Global insurance industry 2006 market share analysis
Figure 5.28: Global insurance industry 2010 market share analysis
CHAPTER 6. Industry Forecasts
Figure 6.1: Global insurance industry forecast gross premium 2012-17 (US $B)
Figure 6.2: Global insurance industry forecast regional gross premium 2012-17 (US $B)
Figure 6.3: Global insurance industry forecast segment gross premium 2012-17 (US $B)
Figure 6.4: Global insurance industry annual forecast 2012-17 (US $B)
Figure 6.5: Global insurance industry quarterly forecast 2011-12 (US $B)
Figure 6.6: Global GDP growth rate forecast
Figure 6.7: Global inflation rate forecast
Figure 6.8: Global population growth rate forecast
Figure 6.9: Global unemployment rate forecast
Figure 6.10: Regional GDP growth rate forecast
Figure 6.11: Regional inflation rate forecast
Figure 6.12: Regional population growthrate forecast
Figure 6.13: Regional unemployment rate forecast
Figure 6.14: Global insurance industry regional forecast 2012-17(US $B)
Figure 6.15: Global insurance industry regional forecast 2012-17 (%)
Figure 6.16: Global insurance industry segment forecast 2012-17 (US $B)
Figure 6.17: Global insurance industry segment forecasts 2012-17 (%)
CHAPTER 7 Emerging Trends
Figure 7.1: Emerging trends in global insurance industry
Figure 7.2:Global insurance industry opportunity by region
Figure 7.3:Global insurance industry opportunity by segment
CHAPTER 3. Industry Overview
Figure 3.1: External forces shaping global insurance industry
CHAPTER 4. Global Macroeconomic Overview
Figure 4.1: Global GDP growth rate trend
Figure 4.2: Global inflation rate trend
Figure 4.3: Global population growth rate trend
Figure 4.4: Global unemployment rate trend
Figure 4.5: Regional GDP growth rate trend
Figure 4.6: Regional inflation rate trend
Figure 4.7: Regional population growth rate trend
Figure 4.8: Regional unemployment rate trend
CHAPTER 5. Industry Trends
Figure 5.1: Global insurance industry annual trend (gross premium): 2006-11 (US $B)
Figure 5.2: Global insurance industry annual trend (revenue): 2006-11 ($ B)
Figure 5.3: Global insurance industry regional trend (gross premium) 2006-11 (US $B)
Figure 5.4: Global insurance industry regional trend (gross premium) 2006-11 (%)
Figure 5.5: Global insurance industry regional trend (revenue) 2006-11 (US $B)
Figure 5.6: Global insurance industry regional trend (revenue) 2006-11 (%)
Figure 5.7: Global insurance industry segment trend (gross premium): 2006-11 (US $B)
Figure 5.8: Global insurance industry segment trend (gross premium): 2006-11 (%)
Figure 5.9: Global insurance industry segment trend (revenue): 2006-11 (US $B)
Figure 5.10:Global insurance industry segment trend (revenue): 2006-11 (%)
Figure 5.11: Global insurance industry quarterly trend 2010-11 (US $B)
Figure 5.12: Global insurance industry profitability trends 2006-11
Figure 5.13: Global insurance industry revenue per employee trend 2006-11
Figure 5.14: Cost structure of global insurance industry 2006-11
Figure 5.15: Cost structure in North American insurance industry: 2006-11
Figure 5.16: Cost structure in European insurance industry: 2006-11
Figure 5.17: Cost structure in Asia Pacific Insurance Industry: 2006-11
Figure 5.18: Top five companies vs. insurance industry operating profit & net profit analysis: 2010
Figure 5.19: Cash on hand for global insurance industry 2006-11 (US $B)
Figure 5.20: Cash on hand for global insurance industry 2006-11 (%)
Figure 5.21: Asset for global insurance industry 2006-11 (US $B)
Figure 5.22: Assets for global insurance Industry 2006-11 (%)
Figure 5.23: Debt for global insurance industry 2006-11 (US $B)
Figure 5.24: Debts for global insurance industry 2006-11 (%)
Figure 5.25: Market shares of top players in global insurance industry in 2006
Figure 5.26: Market shares of top players in global insurance industry in 2010
Figure 5.27: Global insurance industry 2006 market share analysis
Figure 5.28: Global insurance industry 2010 market share analysis
CHAPTER 6. Industry Forecasts
Figure 6.1: Global insurance industry forecast gross premium 2012-17 (US $B)
Figure 6.2: Global insurance industry forecast regional gross premium 2012-17 (US $B)
Figure 6.3: Global insurance industry forecast segment gross premium 2012-17 (US $B)
Figure 6.4: Global insurance industry annual forecast 2012-17 (US $B)
Figure 6.5: Global insurance industry quarterly forecast 2011-12 (US $B)
Figure 6.6: Global GDP growth rate forecast
Figure 6.7: Global inflation rate forecast
Figure 6.8: Global population growth rate forecast
Figure 6.9: Global unemployment rate forecast
Figure 6.10: Regional GDP growth rate forecast
Figure 6.11: Regional inflation rate forecast
Figure 6.12: Regional population growthrate forecast
Figure 6.13: Regional unemployment rate forecast
Figure 6.14: Global insurance industry regional forecast 2012-17(US $B)
Figure 6.15: Global insurance industry regional forecast 2012-17 (%)
Figure 6.16: Global insurance industry segment forecast 2012-17 (US $B)
Figure 6.17: Global insurance industry segment forecasts 2012-17 (%)
CHAPTER 7 Emerging Trends
Figure 7.1: Emerging trends in global insurance industry
Figure 7.2:Global insurance industry opportunity by region
Figure 7.3:Global insurance industry opportunity by segment
LIST OF TABLES
CHAPTER 3. Industry Overview
Table 3.1:Industry parameters of global insurance industry
Table 3.2:Relative industry attractiveness by region
CHAPTER 5. Industry Trends
Table 5.1: Regional gross premium growth rate
Table 5.2: Regional revenue growth rate
Table 5.3: Segment gross premium growth rate
Table 5.4: Segment revenue growth rate
Table 5.5: Percentage change in cost structure
Table 5.6: Percentage change in cash on hand
Table 5.7: Percentage change in total assets
Table 5.8: Percentage change in total debt
Table 5.9: Key companies by revenue growth
Table 5.10: Key companies by revenue decline
CHAPTER 6 Industry Forecasts
Table 6.1:Global insurance forecast growth rate
Table 6.2:Global insurance segments forecast growth rate
CHAPTER 3. Industry Overview
Table 3.1:Industry parameters of global insurance industry
Table 3.2:Relative industry attractiveness by region
CHAPTER 5. Industry Trends
Table 5.1: Regional gross premium growth rate
Table 5.2: Regional revenue growth rate
Table 5.3: Segment gross premium growth rate
Table 5.4: Segment revenue growth rate
Table 5.5: Percentage change in cost structure
Table 5.6: Percentage change in cash on hand
Table 5.7: Percentage change in total assets
Table 5.8: Percentage change in total debt
Table 5.9: Key companies by revenue growth
Table 5.10: Key companies by revenue decline
CHAPTER 6 Industry Forecasts
Table 6.1:Global insurance forecast growth rate
Table 6.2:Global insurance segments forecast growth rate
