RNCOS Releases a New Report- Booming China Insurance SectorBy: Shushmul Maheshwari
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RNCOS Releases a New Report- Booming China Insurance Sector
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RNCOS has recently added a new Market Research Report titled, “Booming China Insurance Sector” to its report gallery. China is one of the largest untapped and fastest growing insurance markets in the world. With rapid economic development and a burgeoning consumer class, China has the potential to become one of the most significant insurance markets in the world. Driven by a variety of demographic, economic and regulatory factors, this growth should continue at a solid pace in the foreseeable future, says our recent research report.
Exploring the market development and potential, this research report offers objective analysis on China’s insurance industry. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a guide to the direction in which the market is likely to move in future. This report therefore serves to provide foreign investors with an in-depth understanding of China’s insurance market.
Key findings of the report are:
- Personal insurance premium income is forecasted to grow at a CAGR of about 24% during our forecast period spanning from 2008 to 2012.
- Life insurance premium income is expected to rise to about RMB 1384 Billion by the end of 2012, growing at CAGR of about 25.5%.
- Growing role of bancassurance and investment-linked insurance products will decide the future of life insurance industry in the country.
- Property insurance premium income is forecasted to grow at CAGR of about 21% during 2008-2012.
- Booming China’s automobile (including two- and three-wheelers) industry will continue driving country’s property insurance market during the forecast period.
Report features:
- Detailed analysis on the current status of insurance market in China.
- Overview on the fastest growing products.
- Future outlook of the Chinese insurance market.
- Growth prospects and major roadblocks in the market.
Major players discussed in the report are:
This section provides an insight on key players in the insurance market of China. These include China Life Insurance Company Limited, PICC Property & Casualty Ltd, Ping An Group and China Pacific Insurance (Group) Co. Ltd.
Information in the report has been sourced from:
Books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Research methodology used in the report is:
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more information visit: http://www.rncos.com/Report/IM165.htm
Current Industry News: http://www.rncos.com/Blog/http://www.rncos.com/ |
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| Keywords |
Booming China Insurance Sector, China Insurance Sector, China Insurance Industry, Insurance Industry of China |
| Category |
Finance |
| Submission Date |
Dec 13, 2008 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Finance |
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India’s New Pension System has Huge Potential
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With huge untapped potential and privatization of New Pension System (NPS), India’s NPS has the potential to reach Rs 12 Trillion in the 12th year of its launch, as per the findings of our new research report, “Indian Pension Fund Market Forecast to 2013”.
Our estimation shows that there are close to 80 Million Indian workers who have no social security and most of them can’t afford pension plans offered by the Indian life insurers, particularly private life insurers. The minimum premium ranges from INR15000 to INR18000 per annum. However, this premium is much lower (Rs 6000/annum) under the NPS. Thus, New Pension System is quite affordable and makes sense for a country like India, where income disparity is the major concern.
Of this 80 Million, around 16 Million workers are estimated to be “prime prospects”, which are likely to start saving immediately, said RNCOS report. Participation rate at this level would produce pension fund of Rs 12 Trillion under the NPS in the 12th year of its operation. If the latent demand for pensions from these groups were fully harnessed, Indian workers would contribute an estimated Rs 57,000 Crore to the NPS in the first full year of operation based on differential capacity to pay by different income group.
“Indian Pension Fund Market Forecast to 2013” is an extensive research report that comprises quality research and in-depth analysis on the pension market in India. It gives a broad overview of the emerging market trends, recent developments and their impact on the market. The report helps clients to identify the leading-edge opportunities, prospective customer base, key players, future outlook and all other factors which are critical for the success of a new entrant in the Indian pension market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM016.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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Philippines Leading Emerging Nations in Introducing Mobile Banking
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Rising mobile penetration in the Philippines will expand the mobile banking user base to beyond 11 Million by the end of 2011, according to a new research report, “Philippines Banking Sector Analysis”, from RNCOS.
The green signal from the Philippines government to telecom operators to make free partnership with banks has opened a slew of opportunities for the banking industry. Now Filipinos can use their mobile phones as ‘virtual wallets’. This has made the Philippines the leader among the developing countries in offering financial transactions over mobile networks. Thus, with increasing number of mobile subscribers and increasing level of mobile penetration, the mobile banking will see tremendous growth in future.
Also, the introduction of e-banking services and subsequent innovations in them had played critical role in changing the landscape of local banking industry. e-banking has made it more convenient for customers to use a number of popular interfaces like Internet, web-enabled mobile phones and Personal Digital Assistant (PDA) for financial transactions anytime, anywhere. With the introduction of mobile banking, the customer convenience has moved a step ahead.
Thus, mobile phone is fast evolving as a major payment instrument, posing a tough challenge to the well-established traditional credit and debit cards.
“Philippines Banking Sector Analysis” contains comprehensive research and rational analysis on various segments, like assets size, income level and number of cardholders, of the Philippines banking industry. It also analyzes the current performance and growth opportunities, and helps clients to understand various products available in the market and their future scope. It also discusses the role of technology in the Filipino banking industry.
The report gives future outlook of different aspects of the banking industry such as financial cards, mobile banking, and bancassurance. The future projections are made after analyzing the current market scenario, past trends and regulations laid by the central bank.
In addition, the report gives forecast on banking industry assets, mutual fund assets under management, number of credit cards, IT spending by banking industry, mobile banking users, microfinance industry, mobile subscribers and bancassurance in life insurance product sales.
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M-Banking Expanding Indian Banks’ Operations in Remote Areas
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According to our new research report “Indian Banking Sector Forecast to 2012”, India’s demographic profile along with rising mobile subscriber base will make mobile transactions popular among bank customers in coming years. Majority of the Indian population is below 35 years of age and the most technology savvy among all age groups. This segment is expected to account for more than 50% of total mobile banking transactions, with continuous rise in years to come.
Mobile banking will enable banks to offer services to customers even in remote areas without having the branch network. Public sector banks are dominating the rural market, but the scenario is anticipated to change when the mobile based banking services would be launched at commercial scale.
Moreover, customers have been migrating from branch banking to the host of non-branch channels like ATMs, call centre and internet banking. With the launch of mobile banking, all Internet banking transactions can be performed on mobile phones. Customers can now transfer funds to bank accounts, pay their utility bills and do several other operations from their mobile phones.
Although the mobile banking market in India is in its nascent stage of development, there are ample growth opportunities due to large consumer base and tendency to adapt new technology services easily. It is expected that the mobile banking industry will see significant transformation once banks, cellular operators and payment service providers commercialize their services.
“Indian Banking Sector Forecast to 2012” provides comprehensive research and rational analysis on various segments, like assets size, income level and number of cardholders, in the Indian banking industry. It also studies the current performance and growth opportunities that help clients to understand various products available in the market and their future scope. The future projections are made after analyzing the current market scenario, past trends and regulations laid by the central bank.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM008.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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RNCOS Launches a New Report - Vietnam Insurance Sector Forecast to 2010
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RNCOS has recently added a new Market Research Report titled, “Vietnam Insurance Sector Forecast to 2010”, to its report gallery. Vietnam’s insurance market, one of the fastest growing markets in the world, has expanded rapidly over the past few years. And with support from the liberalization post WTO agreements, economic growth, rising incomes and increasing insurance awareness, the market will continue to grow at fast pace in coming years. The life insurance market in Vietnam seems very promising as the country has a population of over 85 Million people, with only eight life insurers, reflecting a low penetration rate. Thus, life insurance market can prove to be a boon for foreign life insurers, says the new RNCOS report.
Exploring the market development and potential, this research report offers a broad overview of the Vietnam’s insurance industry. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a guide to the direction in which the market is likely to move in future.
Key Findings of the Report
- Vietnam’s insurance industry is forecasted to grow at a CAGR of around 22% during 2008-2010.
- Life insurance is projected to hit a CAGR of about 12.1% during 2008-2010.
- Investment-linked insurance products will decide the future of life insurance industry in the country.
- The non-life insurance industry is expected to grow at a CAGR of 29% during 2008-2010.
- Energy price, export credit, medical, agriculture and expatriate healthcare insurance are some of the key opportunity areas for non-life insurers in Vietnam.
Key Issues & Facts Analyzed in the Report
- What are the recent developments in the insurance market of Vietnam?
- Which are the fastest growing products?
- What is the consumer attitude towards insurance products?
- How the market is likely to move in future?
- What are the various growth prospects?
- What are the major roadblocks for the market?
Key Players Discussed in the Report
This section provides business overview and financial status of key players in the insurance market of Vietnam, like Prudential Vietnam, Bao Minh and PV Insurance
Research Methodology Used in the Report
Information Sources
Information has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Analysis Methods
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more information visit: http://www.rncos.com/Report/IM146.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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RNCOS Releases a New Report- Bulgaria Banking Sector Analysis
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RNCOS has recently added a new Market Research Report titled, "Bulgaria Banking Sector Analysis" to its report gallery. The report is an analytical study of the thriving banking industry of the southeastern European country, Bulgaria, by RNCOS. It evaluates the product quality and the services provided by the Bulgarian banking industry. This report helps clients to dissect the leading-edge opportunities critical to the success of the banking industry in the country and detailed data supported with analysis helps investors, financial service providers, and global banking players to navigate through it.
Market Analysis
The demand for banking services has grown as confidence in the sector has gradually returned and incomes increased since 1997. Total assets of the commercial banks rose by 45% in local-currency terms in 2005 and are estimated to have grown by around 23% in 2006. Banks have increased their lending, particularly to households, and have shifted away from their previous pattern of holding large deposits overseas. With the government running a budget surplus since 2003, lending to the private sector has been growing more quickly than total lending. After these increases, loans to the non-financial sector accounted for 66% of deposits in September 2006.
The Bulgarian economy is still mainly cash-oriented, but the use of debit cards is increasing. Credit cards are still not often used in the country, but the expansion of e-commerce and international travel is boosting the demand for this service in the country. Moreover, the creation of a centralized credit-reporting agency in 2004 will make it easier for the banks to offer credit cards to their customers.
Key Findings
- Bulgaria is one of the fastest growing countries in Eastern Europe by assets, loans, deposits and profitability of the sector.
- Housing mortgage loans is one of the hottest markets for the Bulgarian banking industry and is forecasted to grow at a CAGR of nearly 88% for the period spanning from 2007 to 2010.
- The credit card market in Bulgaria is all set to take off in a big way as it has a significant potential for expansion because only 3% of payment transactions are made by credit card.
- Point of Sale (POS) Terminals are growing more rapidly as compared to ATMs in Bulgaria.
- Among the deposits category, time deposits are anticipated to take lead over other kind of deposits from 2007 to 2010.
Key Issues & Facts
- Why Bulgaria is an attractive banking market?
- How competitive is the Bulgarian banking industry?
- What is hottest market for bank loans?
- What kind of deposits are set to boom?
- What are the various opportunities and challenges for the industry?
- What are the prospective areas of investment for the banks in near future?
- Which factors will lead to the growth of payment cards, loans and deposits in Bulgaria?
Key Players
This section provides business overview and key financials of top players operating in the Bulgarian banking industry, including DSK Bank, Bulbank, United Bulgarian Bank (UBB), Raiffeisenbank and First Investment Bank.
Research Methodology Used
Information Sources
Information has been sourced from various authentic sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Analysis Methods
The in-depth analysis of the report has been done by using several methods, like ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM587.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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