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, Market Research Report |
| Category |
Finance |
| Submission Date |
Mar 23, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Finance |
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RNCOS Releases a New Report- China Credit Card Market Outlook to 2013
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RNCOS has recently added a new Market Research Report titled, "China Credit Card Market Outlook to 2013 " to its report gallery. China's credit card market has reported remarkable growth over the past few years, albeit growing from a small base. The country issued more than 50 Million credit cards during 2008, taking the total number of credit cards in circulation to over 150 Million. These numbers are projected to continue growing in the next few years, despite the current economic crisis, says “China Credit Card Market Outlook to 2013”, a new report from RNCOS.
Factors like rapidly growing middle class, government support and low penetration of credit cards in China are anticipated to drive the future numbers; however, the pace of growth may slow down. Foreign banks will seek to play a more important role in the competition in the domestic market over the forecast period. This is largely due to that the current industry structure is dominated by the state-owned banks such as Industrial and Commercial Bank of China (ICBC), China Merchants Bank and China Construction Bank.
"China Credit Card Market Outlook to 2013 "provides extensive research and rationale analysis of the credit card industry in China. The report thoroughly examines the current industry trends which are adding to the growth of the Chinese credit card industry. Forecast in this research has been done considering the possible impact of recession on the industry. In this regard, the report will help clients to have proper insight of the current and future outlook of credit cards market in China.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM002.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
Ministry Buffering Vietnam Insurance, Market Still May Go Down
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RNCOS, a leading market research firm, says in its new report, “Vietnam Insurance Sector Forecast to 2010” that, with the liberalization post WTO agreement, proposed regulatory amendments, and constant monitoring and support from the Ministry of Finance, the insurance market of Vietnam will continue to grow at a fast pace in coming years.
As per the report, the Ministry of Finance plans for developing a wide and comprehensive insurance market to fulfill the growing demand for insurance products, improve the business and financial capacities of the insurers, and meet international and competitive integration requirements. Existing Insurance Business Law will also be amended, and a strategy will be worked out for the development of the insurance market of Vietnam during 2010-2020.
However, despite all things moving in right direction, the Vietnamese insurance sector is not expected to remain immune to the global economic turmoil as its growth rate reduced in the last few months of the year and this downward movement is projected to continue in 2009 as well.
Exports and imports will be the worst hit industries in Vietnam next year. So insurance for the ex-import commodities, ships and shipbuilding will be affected the highest. Demand for the automobile and construction insurance will also not be able to bounce back in 2009.
“Vietnam Insurance Sector Forecast to 2010” provides a comprehensive research and prudent analysis on the Vietnamese insurance market. This extensive research will help the clients to identify the market trends and evaluate the leading-edge opportunities critical to the success of the insurance market in the country. This study gives an overview on the various factors driving the insurance industry, together with the forces that are blocking its growth.
This objective research supplements the past and current information on the Vietnam’s insurance market with forecast on various important industry aspects, including economic growth, passenger cars, and life and non-life insurance market.
For more information visit: http://www.rncos.com/Report/IM146.htm
Current Industry News: http://www.rncos.com/Blog/
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| 3. |
Recession Will Not Decelerate Indian Insurance Industry Growth, RNCOS
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Global recession is not likely to rock the Indian insurance industry in a big way; therefore, there is nothing to panic about, says a Senior Research Analyst at RNCOS. However, most of the life insurance players are expecting their new business premium collection to ease down in the remaining financial year.
Citing reason for the moderation in premium collection, analyst stated that consumer sentiments are affecting the insurance industry because most of the prospective customers are putting their buying plans on hold. However, buying insurance products is a long-term investment and the ongoing crisis is not going to impact the returns on the assets. Low consumer sentiments are signaling just a temporary phase and likely to continue for another six to nine months, and thus, things will be different by this time next year.
Moreover, the Indian insurance market has joined the league of the fastest growing insurance markets in the Asian region, with the total insurance premium projected to grow at a CAGR of more than 50% between 2008-09 and 2010-11.
A new research report - “Booming Insurance Market in India (2008-2011)” from RNCOS - also says that the Indian insurance industry will show upward trend in future as it has displayed in the last few years owing to large population and vast untapped market.
After analyzing the growth potential of the Indian insurance market, the report says that many foreign investors have shown interest in the industry because the markets in most of the developed countries have reached saturation. Thus, foreign players have turned their attention to the emerging economies, and India is more lucrative as compared to other emerging economies, with more favorable environment for insurance expansion as the country has low insurance penetration.
In addition, “Booming Insurance Market in India (2008-2011)” contains exhaustive information along with statistical data on various segments of the industry that will help clients to analyze the leading-edge opportunity critical for the success of the industry. The report also includes forecast to give an idea to clients in which direction the industry is likely to move.
For more information visit: http://www.rncos.com/Report/IM126.htm
Current Industry News: http://www.rncos.com/Blog/
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| 4. |
RNCOS Releases a New Report- Egypt Banking Sector Analysis
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RNCOS has recently added a new Market Research Report titled, “Egypt Banking Sector Analysis” to its report gallery. The Egyptian banking industry, supported by the buoyant economic growth, increasing demand of consumer loans and improving consumer confidence, has shown a strong growth in the recent past. The government is also working hard to make the industry globally competitive. As a result of government’s privatization program and rapid consolidation in the banking system, asset quality of banks is improving significantly. As part of the privatization process, bad debts owed by publicly-owned companies are being paid back to state-owned banks in cash by the state prior to their sell off. Thus, ratio of non-performing loans is going down. These are the findings of our research report, "Egypt Banking Sector Analysis”.
This report is an analytical study of the thriving banking industry of an emerging African country, Egypt. It evaluates the products and services offered by the Egyptian banking industry. Exploring the market development and potential, the report gives a broad overview on the Egyptian banking industry. It will help clients to identify the leading-edge opportunities critical to the success of the banking industry and help investors, financial service providers and global banking players to navigate through the market.
Other Key Findings of the Research
- Deposits at Egyptian banks are forecasted to grow at a CAGR of about 14% between 2008-09 and 2010-11, with household sector accounting for majority of deposits.
- Bank loans to private business sector are forecasted to grow at a CAGR of about 9.5 during 2008-09 to 2010-11.
- Manufacturing sector will remain the major recipient of bank loans in local as well as foreign currencies during 2007-08 to 2010-11.
- Net interest income is projected to grow at a CAGR of over 12% during 2008-2012.
Key Issues & Facts Analyzed in the Research
- What makes Egypt an attractive banking destination?
- Which banking products will see strong growth?
- What are the prospective areas of investment for the banks in near future?
- What are the various challenges for the industry?
Key Players Evaluated in the Research
This section provides business analysis of top players like National Bank of Egypt, Bank of Alexandria, Barclays Bank Egypt and BNP Paribas operating in the Egyptian banking industry.
Research Methodology Used in the Research
Information Sources
Information has been sourced from various authentic sources like 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/IM155.htm
Current Industry News: http://www.rncos.com/Blog/
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| 5. |
RNCOS Releases a New Report- Booming China Insurance Sector
|
|
|
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/
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