Overview of Asian Insurance Markets - · PDF fileOverview of Asian Insurance Markets . Joint...
22
Overview of Asian Insurance Markets Joint IACA, IAAHS and PBSS Colloquium in Hong Kong www.actuaries.org/HongKong2012/ Session Number: TPS2 Simon Walpole
Transcript of Overview of Asian Insurance Markets - · PDF fileOverview of Asian Insurance Markets . Joint...
Overview of Asian Insurance Markets
Joint IACA, IAAHS and PBSS Colloquium in Hong Kong www.actuaries.org/HongKong2012/
Session Number: TPS2
Simon Walpole
Market Ranking in Asia
Notes: 1. Colored boxes correspond to companies with life insurance operations in the 12 Asian’s largest countries. 2. Numbers in the boxes represent the rankings of these companies in a country, based on the total written premium.
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
0
200,000,000
400,000,000
600,000,000
800,000,000
1,000,000,000
1,200,000,000
1,400,000,000
1,600,000,000
Japan Singapore Hong Kong South Korea
Taiwan Malaysia Thailand China Indonesia Philippines Vietnam India
Country Info
2009 Population GDP per capita (USD)
Country Info
Data Sources: Population and GDP as of 2009 SWISS RE - sigma No. 2 / 2010
Life Market Info
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
-
50
100
150
200
250
300
350
400
450
Japan China South Korea Taiwan India Hong Kong Singapore Malaysia Thailand Indonesia Philippines Vietnam
Life
2009 Total Premium Income (USD 'bn) Insurance Penetration as % of GDP
Data Sources: Population, GDP, Total Premium Income as of 2009 SWISS RE - sigma No. 2 / 2010
Non-Life Market Info
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
-
20
40
60
80
100
120
Japan China South Korea Taiwan India Singapore Thailand Malaysia Hong Kong Indonesia Philippines Vietnam
Non-Life
2009 Total Premium Income (USD 'bn) Insurance Penetration as % of GDP
Data Sources: Population, GDP, Total Premium Income as of 2009 SWISS RE - sigma No. 2 / 2010
-
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
Largest Life Companies in Asia
Total Written Premium (USD 'bn)
Largest Life Companies in Asia
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012
Notes: The companies are ranked according to the sum of gross written premium in the 12 Asian countries which also take into account of their subsidiaries if they are one of the 10 largest life companies in these countries.
-
5.0
10.0
15.0
20.0
25.0
Largest Non-Life Companies in Asia
Total Written Premium (USD 'bn)
Largest Non-Life Companies in Asia
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012
Notes: The companies are ranked according to the sum of gross written premium in the 12 Asian countries which also take into account of their subsidiaries if they are one of the 10 largest life companies in these countries.
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
China Japan India South Korea Taiwan Singapore Indonesia Thailand Philippines Vietnam Hong Kong Malaysia
Life Domestic vs JV vs Foreign
Dom JV Foreign
Life Companies – Domestic vs JV vs Foreign
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
China South Korea Japan Vietnam Thailand Indonesia Taiwan India Philippines Malaysia Hong Kong Singapore
Non-Life Domestic vs JV vs Foreign
Dom JV Foreign
Non-Life Companies – Domestic vs JV vs Foreign
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
-
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
140,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
5.0
10.0
15.0
20.0
25.0
Gross Written Premium in 2008
-
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
Gross Written Premium in 2009
Japan
Life
USD
‘bn
Non-Life
USD
‘bn
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
-
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
-
20.0
40.0
60.0
80.0
100.0
120.0
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
-
200,000,000
400,000,000
600,000,000
800,000,000
1,000,000,000
1,200,000,000
1,400,000,000
1,600,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
- 2.0 4.0 6.0 8.0
10.0 12.0 14.0 16.0 18.0 20.0
Gross Written Premium in 2009
- 5.0
10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0
Gross Written Premium in 2009
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
-
10.0
20.0
30.0
40.0
50.0
60.0
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
-
20.0
40.0
60.0
80.0
100.0
120.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
China
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
5,000
10,000
15,000
20,000
25,000
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
- 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0
10.0
Gross Written Premium in 2009
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Gross Written Premium in 2009
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
-
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
-
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
South Korea
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
0.1
0.2
0.3
0.4
0.5
0.6
0.7
Gross Written Premium in 2009
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Gross Written Premium in 2009
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
-
10.0
20.0
30.0
40.0
50.0
60.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
Taiwan
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
200
400
600
800
1,000
1,200
-
200,000,000
400,000,000
600,000,000
800,000,000
1,000,000,000
1,200,000,000
1,400,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
Gross Written Premium in 2010
-
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
Gross Written Premium in 2010
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.7%
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
-
10.0
20.0
30.0
40.0
50.0
60.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
India
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
0.1
0.2
0.3
0.4
Gross Written Premium in 2009
-
0.5
1.0
1.5
2.0
2.5
Gross Written Premium in 2008
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
1.4%
1.6%
1.8%
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
-
2.0
4.0
6.0
8.0
10.0
12.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
Singapore
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
0.1
0.2
0.3
Gross Written Premium in 2009
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Gross Written Premium in 2009
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
1.4%
1.6%
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
-
5.0
10.0
15.0
20.0
25.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
Hong Kong
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
0.1
0.2
0.3
0.4
Gross Written Premium in 2008
-
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
Gross Written Premium in 2008
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
1.4%
1.6%
1.8%
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
Malaysia
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
0.1
0.2
0.3
0.4
0.5
0.6
Gross Written Premium in 2009
-
0.5
1.0
1.5
2.0
2.5
3.0
Gross Written Premium in 2009
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
1.4%
1.6%
1.8%
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
Thailand
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
500
1,000
1,500
2,000
2,500
-
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
0.1
0.2
0.3
Gross Written Premium in 2008
- 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8
Gross Written Premium in 2008
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
-
0.5
1.0
1.5
2.0
2.5
3.0
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
Indonesia
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
0.1
0.2
Gross Written Premium in 2009
-
0.1
0.2
0.3
Gross Written Premium in 2009
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
-
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.7%
0.8%
0.9%
1.0%
-
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
Philippines
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
-
200
400
600
800
1,000
1,200
1,400
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
2007 2008 2009
Country Info
Population GPD per capita (USD)
-
0.1
0.2
0.3
Gross Written Premium in 2009
-
0.1
0.2
0.3
Gross Written Premium in 2009
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.7%
0.8%
-
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
2007 2008 2009
Non-Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.7%
0.8%
0.9%
-
0.1
0.2
0.3
0.4
0.5
0.6
0.7
2007 2008 2009
Life
Total Premium Income (USD 'bn)
Insurance Penetration (% of GDP)
Vietnam
Life
USD
‘bn
Non-Life
USD
‘bn
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012 Population, GDP, Total Premium Income SWISS RE - sigma No. 2 / 2010, SWISS RE - sigma No. 3 / 2009, SWISS RE - sigma No. 3 / 2008
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A few thoughts about future changes
Notes: 1. Colored boxes correspond to companies with life insurance operations in the 12 Asian’s largest countries. 2. Numbers in the boxes represent the rankings of these companies in a country, based on the total written premium.
Data Sources: Gross Written Premium INSURANCE INFORMATION INSTITUTE – International Insurance Factbook 2012
+ Asian Multinationals
