Japan
Insurance Report Q2 2013
As is the case for many of the major industries in
that country, Japan’s insurance sector differs markedly from its counterparts
in other countries in important respects. In part because of mega-mergers
(particularly in the non-life segment), companies have enormous scale by any
standards. Insurers are an integral part of the peculiar financial sector of
Japan, in which accumulated savings are enormous and are often channeled to the
government and its agencies through Japanese government bonds (JGBs) or other
securities. Perhaps most crucially, the markets are orderly. Notwithstanding
that some major lines (such as the autorelated business written by many of the
major non-life companies) there is an absence of cutthroat competition.
Barriers to entry to foreign groups are high. However, they are not
insurmountable. Particular foreign groups with the absolute size, capital
strength, brands, expertise in developing annuity products (especially) and
long-established distribution relationships continue to flourish in Japan.
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For Discount of Japan Insurance Report @ http://www.rnrmarketresearch.com/contacts/discount?rname=80490
Canada
Insurance Report Q2 2013
As of early 2013, the strength and dynamism of
Canada’s insurance sector remains obvious. The life companies are world-class,
multi-faceted financial services organisations that clearly have the capacity
to sustain growth almost regardless of developments in the Canadian life
segment. The non-life companies are benefiting from improved profitability,
thanks in part to their pricing power and in part to the motor insurance
reforms in Ontario.
Key Insights And Key Risks
Although the details vary from quarter to quarter, newsflow
from Canada’s insurance sector continues, in late-2012, to highlight its
strength and dynamism. In both the non-life and the life segment, the main
players have scale, access to capital (even if they are mutuals), financial
strength, well recognised brands, and clearly enunciated strategies for growth.
In each case, business is developing as a result of at least one of the following
factors: increased numbers of policies and policy-holders; firming prices;
changes to distribution arrangements; product innovation; acquisition of rival
businesses in Canada, and expansion in markets overseas in ways that exploit
the competitive advantage of the company in question. As has been the case for
a while, a major challenge comes from pervasive low interest rates and, for
some companies, the general volatility of equity markets.
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For Discount Canada Insurance Report @ http://www.rnrmarketresearch.com/contacts/discount?rname=80442
Brazil
Insurance Report Q2 2013
As of early 2013, the major trends that make Brazil
one of the most exciting and dynamic insurance markets globally remain intact.
Thanks to the steady fall in interest rates, the general improvement of
perceived macro-economic risks and commercial initiatives by the insurance
companies themselves, premiums are growing rapidly: this is at a time that
leading players in both the non-life and the life segments are achieving high
levels of profitability. Over the medium-term the only constraint on growth
will be insurers’ ability to raise capital to support their businesses.
As of late 2013, the latest data from Brazil’s
leading insurance companies- in relation to the first three quarters of
calendar 2012 – confirm our view that the country is home to one of the world’s
most dynamic and rapidly growing insurance sectors. Overall premiums are
growing at double-digit rates because of: a) the openness of the market to
entry by major multinationals, b) the growth in the number of households that can
afford to buy insurance (and/or to save for the long-term) and c) the
continuing downward trend in inflation, interest rates and risk premiums
attached to investment.
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For Discount Brazil Insurance Report @ http://www.rnrmarketresearch.com/contacts/discount?rname=80433
For
more details contact Mr. Priyank Tiwari: sales@rnrmarketresearch.com / +18883915441
