Table of Contents
CHAPTER 1 INTRODUCTION 18
1.1 What is this report about? 18
1.2 Who is the target reader? 18
1.3 How to use this report 18
1.4 Definitions 19
CHAPTER 2 GROUP OF EIGHT (G8) INSURANCE INDUSTRY OUTLOOK 20
CHAPTER 3 INSURANCE IN CANADA 24
3.1 Market Overview 24
3.2 Market Value 25
3.3 Market Segmentation I 26
3.4 Market Segmentation II 27
3.5 Market Share 28
3.6 Five Forces Analysis 29
3.7 Leading Companies 40
3.8 Market Forecasts 48
3.9 Macroeconomic Indicators 49
CHAPTER 4 INSURANCE IN FRANCE 51
4.1 Market Overview 51
4.2 Market Value 52
4.3 Market Segmentation I 53
4.4 Market Segmentation II 54
4.5 Market Share 55
4.6 Five Forces Analysis 56
4.7 Leading Companies 66
4.8 Market Forecasts 73
4.9 Macroeconomic Indicators 74
CHAPTER 5 INSURANCE IN GERMANY 76
5.1 Market Overview 76
5.2 Market Value 77
5.3 Market Segmentation I 78
5.4 Market Segmentation II 79
5.5 Market Share 80
5.6 Five Forces Analysis 81
5.7 Leading Companies 92
5.8 Market Forecasts 103
5.9 Macroeconomic Indicators 104
CHAPTER 6 INSURANCE IN ITALY 106
6.1 Market Overview 106
6.2 Market Value 107
6.3 Market Segmentation I 108
6.4 Market Segmentation II 109
6.5 Market Share 110
6.6 Five Forces Analysis 111
6.7 Leading Companies 122
6.8 Market Forecasts 127
6.9 Macroeconomic Indicators 128
CHAPTER 7 INSURANCE IN JAPAN 130
7.1 Market Overview 130
7.2 Market Value 131
7.3 Market Segmentation I 132
7.4 Market Segmentation II 133
7.5 Market Share 134
7.6 Five Forces Analysis 135
7.7 Leading Companies 146
7.8 Market Forecasts 154
7.9 Macroeconomic Indicators 155
CHAPTER 8 INSURANCE IN RUSSIA 156
8.1 Market Overview 156
8.2 Market Value 157
8.3 Market Segmentation I 158
8.4 Market Segmentation II 159
8.5 Market Share 160
8.6 Five Forces Analysis 161
8.7 Leading Companies 167
8.8 Market Forecasts 172
8.9 Macroeconomic Indicators 173
CHAPTER 9 INSURANCE IN THE UNITED KINGDOM 175
9.1 Market Overview 175
9.2 Market Value 176
9.3 Market Segmentation I 177
9.4 Market Segmentation II 178
9.5 Market Share 179
9.6 Five Forces Analysis 180
9.7 Leading Companies 187
9.8 Market Forecasts 192
9.9 Macroeconomic Indicators 193
CHAPTER 10 INSURANCE IN THE UNITED STATES 195
10.1 Market Overview 195
10.2 Market Value 196
10.3 Market Segmentation I 197
10.4 Market Segmentation II 198
10.5 Market Share 199
10.6 Five Forces Analysis 200
10.7 Leading Companies 207
10.8 Market Forecasts 218
10.9 Macroeconomic Indicators 219
CHAPTER 11 APPENDIX 220
11.1 Data Research Methodology 220
List of Tables
Table 1: G8 Insurance industry, revenue ($bn), 2003–12 20
Table 2: G8 Insurance industry, revenue by country ($bn) 2003–2007 22
Table 3: G8 Insurance industry forecast, revenue by country ($bn) 2007–2012 23
Table 4: Canada Insurance Market Value: $ billion, 2003-2007 25
Table 5: Canada Insurance Market Segmentation I: % Share, by Value, 2007 26
Table 6: Canada Insurance Market Segmentation II: % Share, by Value, 2007 27
Table 7: Canada Insurance Market Share: % Share, by Value, 2007 28
Table 8: Key Facts: ING Groep N.V. 40
Table 9: Key Financials: ING Groep N.V. 42
Table 10: Key Facts: Sun Life Financial Inc. 43
Table 11: Key Financials: Sun Life Financial Inc. 45
Table 12: Key Facts: Great-West Lifeco Inc. 46
Table 13: Key Financials: Great-West Lifeco Inc. 47
Table 14: Canada Insurance Market Value Forecast: $ billion, 2007-2012 48
Table 15: Canada Size of Population (million) , 2003-2007 49
Table 16: Canada GDP (Constant 2000 Prices, $ billion), 2003-2007 49
Table 17: Canada Inflation, 2003-2007 50
Table 18: Canada Exchange Rate, 2003 50
Table 19: France Insurance Market Value: $ billion, 2003-2007 52
Table 20: France Insurance Market Segmentation I: % Share, by Value, 2007 53
Table 21: France Insurance Market Segmentation II: % Share, by Value, 2007 54
Table 22: France Insurance Market Share: % Share, by Value, 2007 55
Table 23: Key Facts: Prédica S.A. 66
Table 24: Key Facts: BNP Paribas Group 67
Table 25: Key Financials: BNP Paribas Group 69
Table 26: Key Facts: CNP Assurances SA 70
Table 27: Key Financials: CNP Assurances SA 72
Table 28: France Insurance Market Value Forecast: $ billion, 2007-2012 73
Table 29: France Size of Population (million) , 2003-2007 74
Table 30: France GDP (Constant 2000 Prices, $ billion), 2003-2007 74
Table 31: France Inflation, 2003-2007 75
Table 32: France Exchange Rate, 2003 75
Table 33: Germany Insurance Market Value: $ billion, 2003-2007 77
Table 34: Germany Insurance Market Segmentation I: % Share, by Value, 2007 78
Table 35: Germany Insurance Market Segmentation II: % Share, by Value, 2007 79
Table 36: Germany Insurance Market Share: % Share, by Value, 2007 80
Table 37: Key Facts: Allianz AG 92
Table 38: Key Financials: Allianz AG 97
Table 39: Key Facts: AMB Generali Holding 98
Table 40: Key Financials: AMB Generali Holding 100
Table 41: Key Facts: Zurich Financial Services 101
Table 42: Key Financials: Zurich Financial Services 102
Table 43: Germany Insurance Market Value Forecast: $ billion, 2007-2012 103
Table 44: Germany Size of Population (million) , 2003-2007 104
Table 45: Germany GDP (Constant 2000 Prices, $ billion), 2003-2007 104
Table 46: Germany Inflation, 2003-2007 105
Table 47: Germany Exchange Rate, 2003 105
Table 48: Italy Insurance Market Value: $ billion, 2003-2007 107
Table 49: Italy Insurance Market Segmentation I: % Share, by Value, 2007 108
Table 50: Italy Insurance Market Segmentation II: % Share, by Value, 2007 109
Table 51: Italy Insurance Market Share: % Share, by Value, 2007 110
Table 52: Key Facts: Generali Holding Vienna AG 122
Table 53: Key Facts: Alleanza Assicurazioni SpA 123
Table 54: Key Facts: Fondiaria-SAI, S.p.A. 125
Table 55: Italy Insurance Market Value Forecast: $ billion, 2007-2012 127
Table 56: Italy Size of Population (million) , 2003-2007 128
Table 57: Italy GDP (Constant 2000 Prices, $ billion), 2003-2007 128
Table 58: Italy Inflation, 2003-2007 129
Table 59: Italy Exchange Rate, 2003 129
Table 60: Japan Insurance Market Value: $ billion, 2003-2007 131
Table 61: Japan Insurance Market Segmentation I: % Share, by Value, 2007 132
Table 62: Japan Insurance Market Segmentation II: % Share, by Value, 2007 133
Table 63: Japan Insurance Market Share: % Share, by Value, 2007 134
Table 64: Key Facts: Nippon Life Insurance Company 146
Table 65: Key Financials: Nippon Life Insurance Company 148
Table 66: Key Facts: Dai-ichi Mutual Life Insurance Company, The 149
Table 67: Key Financials: Dai-ichi Mutual Life Insurance Company, The 150
Table 68: Key Facts: Mitsui Sumitomo Insurance Co Ltd 151
Table 69: Key Financials: Mitsui Sumitomo Insurance Co Ltd 153
Table 70: Japan Insurance Market Value Forecast: $ billion, 2007-2012 154
Table 71: Japan Size of Population (million) , 2003-2007 155
Table 72: Japan GDP (Constant 2000 Prices, $ billion), 2003-2007 155
Table 73: Japan Exchange Rate, 2003 155
Table 74: Russia Insurance Market Value: $ billion, 2003-2007 157
Table 75: Russia Insurance Market Segmentation I: % Share, by Value, 2007 158
Table 76: Russia Insurance Market Segmentation II: % Share, by Value, 2007 159
Table 77: Russia Insurance Market Share: % Share, by Value, 2007 160
Table 78: Key Facts: Ingosstrakh Insurance Company 167
Table 79: Key Facts: AXA 168
Table 80: Key Financials: AXA 170
Table 81: Key Facts: Rosgosstrah 171
Table 82: Russia Insurance Market Value Forecast: $ billion, 2007-2012 172
Table 83: Russia Size of Population (million) , 2003-2007 173
Table 84: Russia GDP (Constant 2000 Prices, $ billion), 2003-2007 173
Table 85: Russia Inflation, 2003-2007 174
Table 86: Russia Exchange Rate, 2003 174
Table 87: United Kingdom Insurance Market Value: $ billion, 2003-2007 176
Table 88: United Kingdom Insurance Market Segmentation I: % Share, by Value, 2007 177
Table 89: United Kingdom Insurance Market Segmentation II: % Share, by Value, 2007 178
Table 90: United Kingdom Insurance Market Share: % Share, by Value, 2007 179
Table 91: Key Facts: Standard Life Assurance Company, The 187
Table 92: Key Facts: Aviva Plc 189
Table 93: Key Financials: Aviva Plc 190
Table 94: Key Facts: AXA Sun Life 191
Table 95: United Kingdom Insurance Market Value Forecast: $ billion, 2007-2012 192
Table 96: United Kingdom Size of Population (million) , 2003-2007 193
Table 97: United Kingdom GDP (Constant 2000 Prices, $ billion), 2003-2007 193
Table 98: United Kingdom Inflation, 2003-2007 194
Table 99: United Kingdom Exchange Rate, 2003 194
Table 100: United States Insurance Market Value: $ billion, 2003-2007 196
Table 101: United States Insurance Market Segmentation I: % Share, by Value, 2007 197
Table 102: United States Insurance Market Segmentation II: % Share, by Value, 2007 198
Table 103: United States Insurance Market Share: % Share, by Value, 2007 199
Table 104: Key Facts: State Farm Insurance Companies 207
Table 105: Key Facts: American International Group, Inc. 209
Table 106: Key Financials: American International Group, Inc. 214
Table 107: Key Facts: MetLife, Inc 215
Table 108: Key Financials: MetLife, Inc 217
Table 109: United States Insurance Market Value Forecast: $ billion, 2007-2012 218
Table 110: United States Size of Population (million) , 2003-2007 219
Table 111: United States GDP (Constant 2000 Prices, $ billion), 2003-2007 219
Table 112: United States Inflation, 2003-2007 219
List of Figures
Figure 1: G8 Insurance industry, revenue ($bn) 2003–2012 20
Figure 2: G8 Insurance industry, revenue by country (%) 2003–2012 21
Figure 3: G8 Insurance industry, revenue by country ($bn) 2003–2007 22
Figure 4: G8 Insurance industry forecast, revenue by country ($bn) 2007–2012 23
Figure 5: Canada Insurance Market Value: $ billion, 2003-2007 25
Figure 6: Canada Insurance Market Segmentation I: % Share, by Value, 2007 26
Figure 7: Canada Insurance Market Segmentation II: % Share, by Value, 2007 27
Figure 8: Canada Insurance Market Share: % Share, by Value, 2007 28
Figure 9: Forces Driving Competition in the Insurance Market in Canada, 2007 29
Figure 10: Drivers of Buyer Power in the Insurance Market in Canada, 2007 31
Figure 11: Drivers of Supplier Power in the Insurance Market in Canada, 2007 33
Figure 12: Factors Influencing the Likelihood of New Entrants in the Insurance Market in Canada, 2007 35
Figure 13: Factors Influencing the Threat of Substitutes in the Insurance Market in Canada, 2007 37
Figure 14: Drivers of Degree of Rivalry in the Insurance Market in Canada, 2007 38
Figure 15: Revenues & Profitability: ING Groep N.V. 42
Figure 16: Revenues & Profitability: Sun Life Financial Inc. 45
Figure 17: Revenues & Profitability: Great-West Lifeco Inc. 47
Figure 18: Canada Insurance Market Value Forecast: $ billion, 2007-2012 48
Figure 19: France Insurance Market Value: $ billion, 2003-2007 52
Figure 20: France Insurance Market Segmentation I: % Share, by Value, 2007 53
Figure 21: France Insurance Market Segmentation II: % Share, by Value, 2007 54
Figure 22: France Insurance Market Share: % Share, by Value, 2007 55
Figure 23: Forces Driving Competition in the Insurance Market in France, 2007 56
Figure 24: Drivers of Buyer Power in the Insurance Market in France, 2007 57
Figure 25: Drivers of Supplier Power in the Insurance Market in France, 2007 59
Figure 26: Factors Influencing the Likelihood of New Entrants in the Insurance Market in France, 2007 61
Figure 27: Factors Influencing the Threat of Substitutes in the Insurance Market in France, 2007 63
Figure 28: Drivers of Degree of Rivalry in the Insurance Market in France, 2007 64
Figure 29: Revenues & Profitability: BNP Paribas Group 69
Figure 30: Revenues & Profitability: CNP Assurances SA 72
Figure 31: France Insurance Market Value Forecast: $ billion, 2007-2012 73
Figure 32: Germany Insurance Market Value: $ billion, 2003-2007 77
Figure 33: Germany Insurance Market Segmentation I: % Share, by Value, 2007 78
Figure 34: Germany Insurance Market Segmentation II: % Share, by Value, 2007 79
Figure 35: Germany Insurance Market Share: % Share, by Value, 2007 80
Figure 36: Forces Driving Competition in the Insurance Market in Germany, 2007 81
Figure 37: Drivers of Buyer Power in the Insurance Market in Germany, 2007 83
Figure 38: Drivers of Supplier Power in the Insurance Market in Germany, 2007 85
Figure 39: Factors Influencing the Likelihood of New Entrants in the Insurance Market in Germany, 2007 87
Figure 40: Factors Influencing the Threat of Substitutes in the Insurance Market in Germany, 2007 89
Figure 41: Drivers of Degree of Rivalry in the Insurance Market in Germany, 2007 90
Figure 42: Revenues & Profitability: Allianz AG 97
Figure 43: Revenues & Profitability: AMB Generali Holding 100
Figure 44: Revenues & Profitability: Zurich Financial Services 102
Figure 45: Germany Insurance Market Value Forecast: $ billion, 2007-2012 103
Figure 46: Italy Insurance Market Value: $ billion, 2003-2007 107
Figure 47: Italy Insurance Market Segmentation I: % Share, by Value, 2007 108
Figure 48: Italy Insurance Market Segmentation II: % Share, by Value, 2007 109
Figure 49: Italy Insurance Market Share: % Share, by Value, 2007 110
Figure 50: Forces Driving Competition in the Insurance Market in Italy, 2007 111
Figure 51: Drivers of Buyer Power in the Insurance Market in Italy, 2007 113
Figure 52: Drivers of Supplier Power in the Insurance Market in Italy, 2007 115
Figure 53: Factors Influencing the Likelihood of New Entrants in the Insurance Market in Italy, 2007 117
Figure 54: Factors Influencing the Threat of Substitutes in the Insurance Market in Italy, 2007 119
Figure 55: Drivers of Degree of Rivalry in the Insurance Market in Italy, 2007 120
Figure 56: Italy Insurance Market Value Forecast: $ billion, 2007-2012 127
Figure 57: Japan Insurance Market Value: $ billion, 2003-2007 131
Figure 58: Japan Insurance Market Segmentation I: % Share, by Value, 2007 132
Figure 59: Japan Insurance Market Segmentation II: % Share, by Value, 2007 133
Figure 60: Japan Insurance Market Share: % Share, by Value, 2007 134
Figure 61: Forces Driving Competition in the Insurance Market in Japan, 2007 135
Figure 62: Drivers of Buyer Power in the Insurance Market in Japan, 2007 137
Figure 63: Drivers of Supplier Power in the Insurance Market in Japan, 2007 139
Figure 64: Factors Influencing the Likelihood of New Entrants in the Insurance Market in Japan, 2007 141
Figure 65: Factors Influencing the Threat of Substitutes in the Insurance Market in Japan, 2007 143
Figure 66: Drivers of Degree of Rivalry in the Insurance Market in Japan, 2007 144
Figure 67: Revenues & Profitability: Nippon Life Insurance Company 148
Figure 68: Revenues & Profitability: Dai-ichi Mutual Life Insurance Company, The 150
Figure 69: Revenues & Profitability: Mitsui Sumitomo Insurance Co Ltd 153
Figure 70: Japan Insurance Market Value Forecast: $ billion, 2007-2012 154
Figure 71: Russia Insurance Market Value: $ billion, 2003-2007 157
Figure 72: Russia Insurance Market Segmentation I: % Share, by Value, 2007 158
Figure 73: Russia Insurance Market Segmentation II: % Share, by Value, 2007 159
Figure 74: Russia Insurance Market Share: % Share, by Value, 2007 160
Figure 75: Forces Driving Competition in the Insurance Market in Russia, 2007 161
Figure 76: Drivers of Buyer Power in the Insurance Market in Russia, 2007 162
Figure 77: Drivers of Supplier Power in the Insurance Market in Russia, 2007 163
Figure 78: Factors Influencing the Likelihood of New Entrants in the Insurance Market in Russia, 2007 164
Figure 79: Factors Influencing the Threat of Substitutes in the Insurance Market in Russia, 2007 165
Figure 80: Drivers of Degree of Rivalry in the Insurance Market in Russia, 2007 166
Figure 81: Revenues & Profitability: AXA 170
Figure 82: Russia Insurance Market Value Forecast: $ billion, 2007-2012 172
Figure 83: United Kingdom Insurance Market Value: $ billion, 2003-2007 176
Figure 84: United Kingdom Insurance Market Segmentation I: % Share, by Value, 2007 177
Figure 85: United Kingdom Insurance Market Segmentation II: % Share, by Value, 2007 178
Figure 86: United Kingdom Insurance Market Share: % Share, by Value, 2007 179
Figure 87: Forces Driving Competition in the Insurance Market in the United Kingdom, 2007 180
Figure 88: Drivers of Buyer Power in the Insurance Market in the United Kingdom, 2007 181
Figure 89: Drivers of Supplier Power in the Insurance Market in the United Kingdom, 2007 183
Figure 90: Factors Influencing the Likelihood of New Entrants in the Insurance Market in the United Kingdom, 2007 184
Figure 91: Factors Influencing the Threat of Substitutes in the Insurance Market in the United Kingdom, 2007 185
Figure 92: Drivers of Degree of Rivalry in the Insurance Market in the United Kingdom, 2007 186
Figure 93: Revenues & Profitability: Aviva Plc 190
Figure 94: United Kingdom Insurance Market Value Forecast: $ billion, 2007-2012 192
Figure 95: United States Insurance Market Value: $ billion, 2003-2007 196
Figure 96: United States Insurance Market Segmentation I: % Share, by Value, 2007 197
Figure 97: United States Insurance Market Segmentation II: % Share, by Value, 2007 198
Figure 98: United States Insurance Market Share: % Share, by Value, 2007 199
Figure 99: Forces Driving Competition in the Insurance Market in the United States, 2007 200
Figure 100: Drivers of Buyer Power in the Insurance Market in the United States, 2007 201
Figure 101: Drivers of Supplier Power in the Insurance Market in the United States, 2007 203
Figure 102: Factors Influencing the Likelihood of New Entrants in the Insurance Market in the United States, 2007 204
Figure 103: Factors Influencing the Threat of Substitutes in the Insurance Market in the United States, 2007 205
Figure 104: Drivers of Degree of Rivalry in the Insurance Market in the United States, 2007 206
Figure 105: Revenues & Profitability: American International Group, Inc. 214
Figure 106: Revenues & Profitability: MetLife, Inc 217
Figure 107: United States Insurance Market Value Forecast: $ billion, 2007-2012 218