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Life Bancassurance in the Asia-Pacific Region: Investment-Related Life Insurance and Retirement Savings

Price £1,995

Table of Contents  | Report Prospectus | Press Release Buy Report

Finaccord’s report titled Life Bancassurance in the Asia-Pacific Region: Investment-Related Life Insurance and Retirement Savings offers uniquely-detailed insights into the distribution by banks and other lending institutions of these types of product across eight countries: China, Hong Kong, India, Indonesia, Japan, South Korea, Thailand and Vietnam.

Drawing on a survey of over 470 banking entities, the study finds that 45.8% offer at least one form of investment-related life insurance or retirement savings product, giving a total of over 420 initiatives. Hence, given that the aggregate market for investment-related life insurance and retirement savings across the eight countries was worth around USD 710.6 billion in premiums in 2012, it is clear that banking institutions can intermediate a significant volume of business in these sectors, especially as they are an important distribution channel in many countries.

In addition to identifying schemes for the distribution of investment-related life insurance and retirement savings through the bancassurance channel, the research also classifies and analyses these according to the operating model used, distinguishing, for example, between captive, joint venture and external product providers. It also calculates the weighted share of partnerships of the providers involved, thereby specifying not only which competitors hold which partnerships but also illustrating which competitors hold the most significant distribution deals.

International insurance groups with involvement in at least one of the eight bancassurance markets researched include AEGON, Ageas, AIA, Allianz, Aviva, AXA, BNP Paribas, Cigna, Crédit Agricole, Dai-ichi Life, HSBC, ING, Manulife, MassMutual, MetLife, MS&AD, Prudential, Standard Life, Sun Life Financial and Zurich. This study will tell you where they are present and with exactly which banking institutions they work for one or both of investment-related life insurance and retirement savings.

Key findings from the executive summary include:

- the approximate value of the market for investment-related life insurance and retirement savings across the eight countries investigated was USD 710.6 billion in terms of gross written premiums and equivalent revenues in 2012, within which Japan alone accounted for 53.4% of the total;

- Indonesia and Thailand were the fastest-growing markets between 2008 and 2012, with real inflation-adjusted compound annual growth rates of 11.5% and 11.4%, respectively;

- an analysis of the weighted share of ultimate holding companies (i.e. groups) with bancassurance partnerships for investment-related life insurance and retirement savings indicates that MetLife is the leading group by this measure across the eight Asia-Pacific countries under consideration, well ahead of other multi-national competitors;

- however, the international insurance group with bancassurance relationships for these products across the largest number of countries among those researched is Prudential (of the UK), which was found to have established deals with banks in all eight countries.

For further information about this research, please access the table of contents and report prospectus by clicking on the links at the top of this page, or e-mail .

Equivalent foreign language titles: La Bancassurance Vie dans la région Asie-Pacifique: les Assurances Vie Epargne et Retraite
Bancassurance / Allfinanz für Lebensversicherungen in der Region Asien-Pazifik: Kapitallebensversicherungen und Private Altersvorsorge
Bancassicurazione Vita nella regione Asia-Pacifico: Assicurazioni Vita Investimento e Piani Pensionistici
Banca-seguros Vida na região da Ásia-Pacífico: Seguros de Vida Poupança e Planos de Pensões
Bancaseguros Vida en la región de Asia y el Pacífico: Seguros Vida Ahorro y Planes de Jubilación

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