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

NEW YORK, June 18, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Life Bancassurance in the Asia-Pacific Region: Investment-Related Life Insurance and Retirement Savings
http://www.reportlinker.com/p01360787/Life-Bancassurance-in-the-Asia-Pacific-Region-Investment-Related-Life-Insurance-and-Retirement-Savings.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Life_Insurance

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.

Table of Contents 

0.0 EXECUTIVE SUMMARY
The combined market value across the eight countries amounted to over USD 700 billion in 2012...
... albeit growth rates and premiums per capita vary enormously by country
Bancassurance is most dominant as a channel for these products in South Korea
Nearly a half of entities surveyed have a partnership for investment-related life insurance
... rising to almost 60% if specialised lenders are excluded from the analysis
The largest banking institutions in both China and Japan typically collaborate with multiple partners
Prudential of the UK is active in all eight of the Asia-Pacific bancassurance markets researched
 

1.0 INTRODUCTION
What is this report about?
Distribution partnerships with banks and other lending institutions constitute the focus of this report
Rationale
Nearly half of banking organisations surveyed sell at least one type of the products covered by this report
Methodology
Survey of banks and other lending institutions
Market data
Definitions
Investment-related life insurance
Retirement savings
Weighted provider share of partnerships
Operating models
Abbreviations and exchange rates
PartnerBASE™ and market data annexe
Finaccord
 

2.0 ASIA-PACIFIC OVERVIEW
Introduction
Market analysis – investment-related life insurance and retirement savings
Japan accounts for over a half of combined premiums across the eight countries investigated
In real terms, the markets of Indonesia and Thailand have been growing at an annual rate of over 10%
Premiums per capita are highest in Hong Kong, Japan and South Korea
Market analysis – investment-related life insurance
The regional market for investment-related life insurance is worth USD 576.9 billion
Adjusting for inflation (or deflation) shows Japan's market to be growing most quickly
Market analysis – retirement savings
Retirement savings policies attracted USD 134 billion in premiums and equivalent revenue in 2012...
... although this market is worth less than USD 10 billion in five of the eight countries covered
Bancassurance analysis
Provision rates and operating models for investment-related life insurance
Across all eight countries, close to a half of banking entities surveyed offer investment-related policies
Use of multiple product partners is common in China, Japan and South Korea...
... while the establishment of joint ventures has occurred most frequently in India
On a weighted basis, the regional split of bancassurance operating models is slightly different
Provision rates and operating models for retirement savings
The provision rate for retirement savings products is highest among banking entities in India
A majority of initiatives are organised in conjunction with a single, external product provider
On a weighted basis, use of multiple external providers becomes more prominent within the total
Distribution share of bancassurance for investment-related life insurance and retirement savings
Finaccord's analysis illustrates the influence of bancassurance on a standardised basis
Bank sales of investment-related life insurance and retirement savings are most advanced in South Korea...
...but have made the least progress in India, Japan and Vietnam
Presence of international groups in the Asia-Pacific bancassurance market
On a weighted basis, MetLife emerges as the provider with the most valuable partnerships in the region...
… with international groups otherwise tending to be crowded out by indigenous competitors
Prudential has established bancassurance partnerships for these products in all eight countries
 

3.0 CHINA
Banks and other lending institutions covered
Introduction to the banking sector
Agricultural Bank of China lays claim to the highest number of retail customers in China…
…while ICBC is the largest bank by assets
The joint-stock commercial banks provide a full range of banking services…
…while many city commercial banks have expanded into other regions
The rural commercial banks were created to improve access to credit for China's village-dwellers
Foreign banks in China suffer from a lack of funding from retail deposits
Doubts about the level of bad loans that may be lurking in the economy hang over the banking sector
Introduction to bancassurance
Bancassurance in China has grown extremely rapidly in recent years...
…but new regulations introduced in 2010 seem to have disrupted the expansion…
…while further regulatory notices issued in 2011 are meant to cut down on bribery and mis-selling
Relationships between banks and insurers have often been weak and sometimes short-lived…
…as joint ventures between banks and insurers appeared late and remain relatively rare…
…although there are signs that large financial conglomerates may develop in the foreseeable future
Market for investment-related life insurance and retirement savings
The market for investment-related life insurance experienced rapid growth between 2008 and 2012
The popularity of unit-linked insurance products has fluctuated greatly in recent years
There is a market gap for the provision of pension products for Chinese citizens with higher incomes
Variable annuities have been launched in China but are currently not sold through banks
Distribution share of banks
Bancassurance sales for life insurance have soared but new rules have restrained further growth
Bancassurance provision rates, operating models and partnerships
Investment-related life insurance
A high proportion of Chinese banks still work with multiple insurance partners
China Life is the leading provider by weighted share of partnerships…
…while Taikang can also count on a large number of national agreements
Ping An works with both Agricultural Bank of China and China Construction Bank…
…while Allianz China Life and Sino-US United MetLife also have important deals with large banks
New China Life's reliance on its bancassurance business has made it vulnerable to regulatory changes
AIA' s geographical expansion has been relatively slow due to regulatory hurdles
CPIC has a large number of partnerships with smaller banks in China…
…while Sun Life Everbright has struck agreements with four medium-sized lenders
While agents provide the main channel for CITIC Prudential, its sales through banks have also grown
China Post Life can sell its policies through the Postal Savings Bank of China and the postal network
Heng An Standard Life was slated for sale to Bank of China in 2010 but the deal broke down
China Construction Bank's partnerships tend to be mostly determined at the local or provincial level
Some recent bancassurance ties seem not to have taken off or are not well marketed by the branches
Retirement savings
More than a quarter of the Chinese banks surveyed offer retirement products
Performance of key bancassurance underwriters
HSBC Life's income from bancassurance sales accounts for 85% of its entire business…
…while ING-BoB Life signed its first agreement with Bank of Beijing in Tianjin in June 2011
 

4.0 HONG KONG
Banks and other lending institutions covered
Economic background
The service industry dominates Hong Kong's economy…
…and in terms of ease of doing business the SAR ranks second in the world by one measure
Introduction to the banking sector
Hong Kong's banking sector was liberalised in the early years of the 21st century
While the Bank of China is the largest bank in terms of its number of retail customers...
…HSBC is the largest group in the SAR by the same measure
The banking sector is highly consolidated
Introduction to bancassurance
Bancassurance in Hong Kong is well-developed, in particular for life and health insurance products
A large number of banks have set up captive insurance subsidiaries
The Hong Kong Monetary Authority might tighten bancassurance regulations
Market for investment-related life insurance and retirement savings
The market for investment-related life insurance experienced rapid growth between 2008 and 2012
Cover for critical illness and accidental death are often additional features of investment-related policies
Hong Kong has established a three-pillar retirement system
Distribution share of banks
More than 50% of new life insurance premiums are expected to be distributed by banks in 2012
Bancassurance provision rates, operating models and partnerships
Investment-related life insurance
A wide range of investment-related life insurance products is sold through banks
BOCG Life is the leading provider by weighted share of partnerships
Hong Kong Life was set up as a joint venture between four banks and one insurance provider...
… while ING Life and Public Bank entered into a strategic partnership in 2007
Retirement savings
Nearly half of the banks surveyed in Hong Kong offer retirement products…
...and the partnerships in place are very similar to those for investment-related life insurance
Performance of key bancassurance underwriters
The two largest life insurance providers in Hong Kong are owned by banks
 

5.0 INDIA
Banks and other lending institutions covered
Economic background
India's economy has performed very strongly in recent years...
... and was relatively unaffected by the global financial crisis...
... although it still faces many significant problems
In the World Bank's Ease of Doing Business Index, India is ranked only 132nd in the world
Introduction to the banking sector
In terms of its total number of retail customers State Bank of India leads the market...
... in a sector in which government-owned banks account for a majority of branches
Substantial swathes of the Indian population remain unbanked
The RBI follows a policy that generally encourages banking sector consolidation...
... with a number of mergers and acquisitions in evidence in recent years
Introduction to bancassurance
India's insurance market has been subject to deregulation since 2000
Unusually, the distribution share of banks is higher in non-life insurance than in life insurance...
... although is growing in both fields as the traditional agency model comes under pressure
Most insurance companies use bank distribution as a part of a multi-channel strategy
State Bank of India has maintained a joint venture with BNP Paribas Cardif since 2000...
…with over 20 other joint ventures having been established since then
The bancassurance channel is characterised by relatively strict regulation in India…
…with banks not being permitted to tie up with any more than one life and one non-life insurer
Regulations governing bancassurance partnerships are likely to change in the near future
Market for investment-related life insurance and retirement savings
The total market grew by 8.0% in nominal terms between 2008 and 2012
Banks commonly offer a wide range of investment-related life insurance products
Distribution share of banks
Bancassurers accounted for around 12% of the total life insurance market in 2012
Bancassurance provision rates, operating models and partnerships
Investment-related life insurance
Investment-related life insurance is promoted by three quarters of banking organisations researched
SBI Life is the leading provider by weighted share of partnerships...
... followed by the government-owned LIC through relationships with ten different banks
Star Union Dai-ichi Life benefits from its joint venture partnerships with two banks...
... albeit many other joint ventures are also active in this field
17 of the banking organisations investigated do not distribute investment-related life insurance
Retirement savings
The provision rate for retirement savings products is similar to that for investment-related life insurance…
...and the partnerships in place are also very comparable
Performance of key bancassurance underwriters
Around one quarter of the Indian life insurance market is controlled by joint ventures
 

6.0 INDONESIA
Banks and other lending institutions covered
Economic background
Indonesia's economy benefits from a young population and rapid urbanisation...
... and has tended to recover swiftly from economic crises...
…meaning that it is now well-positioned for further growth
Indonesia occupies a lowly position in the World Bank's Ease of Doing Business Index
Introduction to the banking sector
In terms of its total number of retail customers, Bank Rakyat Indonesia is the country's largest bank...
…although Bank Tabungan Negara is the largest competitor in the mortgage lending sector
Four of the top 15 banking institutions are state-owned
A number of banking entities with foreign parents are active in the market...
... and there have been several important bank mergers in recent years
Introduction to bancassurance
Over 40% of life insurance premiums were distributed by banking institutions in 2012...
… with many banks having modified their bancassurance strategies in recent years…
… through the establishment of captive insurance underwriters, mainly in the life insurance arena
A number of banks have set up joint venture underwriters with foreign insurance companies…
...and competition among insurers for bancassurance partnerships is fierce
Many insurance products sold via banks are Sharia-compliant
Regulations stipulate that bancassurance activities can be carried out according to three models...
… which naturally has a significant impact on the structure of the market
Market for investment-related life insurance and retirement savings
The market for investment-related life insurance has grown rapidly in recent years...
... although that for retirement savings products remains extremely small
Distribution share of banks
For investment-related life insurance, the distribution share of bancassurers is likely to exceed 50%
Bancassurance provision rates, operating models and partnerships
Investment-related life insurance 25 banks distribute investment-related life policies in one form or another...
... with Manulife claiming the highest weighted share of partnerships...
… and with joint venture provider
AXA Mandiri ranked second
AIA Financial is ranked third by weighted share as a result of three bancassurance partnerships
A significant number of banks do not yet sell any kind of investment-related life insurance
Retirement savings
Provision of retirement savings products is mostly limited to the larger banking networks...
... with eight product providers having established bank distribution ties in this field
Performance of key bancassurance underwriters
Performance of key bancassurance underwriters
The combined market share of key bancassurers peaked in 2009
 

7.0 JAPAN
Banks and other lending institutions covered
Economic background
Japan has the third-largest economy in the world in terms of national economic output
The country's economy was hit by the global financial crisis in 2008 and by the earthquake in 2011
The service sector accounts for around 75% of the total economy
Government debt and negative population growth are the main challenges for the future
In the World Bank's Ease of Doing Business Index Japan is ranked 20th in the world
Introduction to the banking sector
The banking sector is dominated by three major groups…
…albeit regional banks and Shinkin banks also play an important role in the market
The penetration of foreign-owned banking institutions is very limited
The banking sector has seen major structural changes since the early years of the 21st century
Introduction to bancassurance
The sale of insurance products by banking institutions was fully deregulated only in 2007…
…with only a few restrictions now remaining
Banks usually act as insurance agencies that collaborate with a large number of underwriters…
…some of which are investing strongly to increase their sales via the bancassurance channel
The importance of the bancassurance channel is increasing most in the life segment…
…and bancassurance is generally less important in the non-life insurance sector
Online sales of insurance remain comparatively low in Japan
Market for investment-related life insurance and retirement savings
The market for investment-related life insurance experienced rapid growth between 2008 and 2012...
... and encompasses a wide range of products
Life insurance policies regularly combine protection, health and savings elements
Child education and tuition fee insurance policies are popular products in Japan
Distribution share of banks
The bancassurance distribution channel is likely to have advanced in recent years
Bancassurance provision rates, operating models and partnerships
Investment-related life insurance
A wide range of investment-related life insurance products is sold through banks
Nippon Life is the leading provider for investment-related life policies by weighted share of partnerships
Japan Post Insurance and Orix Life are the only captive underwriters active in the market
Two brokers are active in the market for investment-related life insurance
24 of the banking organisations researched do not sell investment-related life insurance
Retirement savings
Over 60% of banks surveyed in Japan offer retirement savings products…
… with Mitsui Sumitomo Primary Life ranked first by weighted partnership share
MetLife Alico and AXA are the two largest foreign-owned providers in this market
Though not in the top five, Dai-ichi Frontier Life is an important provider in the market
Performance of key bancassurance underwriters
Captive underwriters are not a common feature of the market
 

8.0 SOUTH KOREA
Banks and other lending institutions covered
Economic background
South Korea benefits from an export-driven economic strategy…
…and has demonstrated a high level of financial resilience in recent years
In the World Bank's Ease of Doing Business Index, South Korea is ranked eighth in the world
Introduction to the banking sector
In terms of number of retail customers Kookmin Bank leads the market…
…which is highly concentrated with four predominant financial groups
The penetration of foreign banks is relatively low
Co-operative banks in South Korea have a fairly large customer base…
…and insurance companies are also engaged in consumer lending
Many of South Korea's savings banks have been wound up or taken over
Introduction to bancassurance
Bancassurance in South Korea is well-developed, in particular for life insurance products…
…and the market features a number of providers that specialise in bancassurance
The distribution of insurance products by banks is heavily regulated…
...aiming to prevent excessively strong ties between banks and insurance providers…
… meaning that captive and joint venture underwriters are therefore less prominent in the market
Market for investment-related life insurance and retirement savings
The market for retirement savings experienced rapid growth between 2008 and 2012
Investment-related life insurance encompasses a wide range of products
Non-life insurers also offer a range of long-term insurance policies
The introduction of policies combining both protection and savings elements has been a success
Distribution share of banks
Banks and other lenders are by far the most important distribution channel for these types of policy
Bancassurance provision rates, operating models and partnerships
Investment-related life insurance
A wide range of investment-related life insurance products is sold through banks
Heungkuk Life is the leading provider by weighted share of partnerships
MetLife has partnerships in place with six banking organisations
A number of captive underwriters are active in this market
25 banking organisations do not distribute investment-related life insurance
Retirement savings
50% of the banks surveyed in South Korea offer retirement products…
...and the leading two providers are identical to those for investment-related life insurance
Performance of key bancassurance underwriters
The importance of the bancassurance channel has grown significantly for major insurance companies…
… and dedicated bancassurance underwriters have expanded their market share since 2007
 

9.0 THAILAND
Banks and other lending institutions covered
Economic background
Thailand benefits from an open and export-driven economy...
... although economic success is not shared equally across the country
In the Ease of Doing Business ranking, Thailand's economy is ranked 17th in the world
Introduction to the banking sector
In terms of its number of retail customers, Bangkok Bank leads the market
Government-owned institutions play an important role in the mortgage lending sector
The presence of foreign-owned banks in the market is comparatively limited,,,
... with several overseas entities having exited the market in recent years
Introduction to bancassurance
Bancassurance in Thailand is well-developed especially for life insurance products
A number of banks have divested stakes in insurance companies in recent years...
…although Siam Commercial Bank has taken full control of its joint venture...
... leaving only two bona fide joint venture insurers in the bancassurance sector
Many insurance companies sell through banks as a part of a multi-channel strategy...
... although those with the most exposure to bancassurance have tended to grow most rapidly
The Thai bancassurance market is subject to relatively 'light touch' regulation
Market for investment-related life insurance and retirement savings
The market for investment-related life insurance experienced rapid growth between 2008 and 2012...
... with a wide range of policy types in evidence
Distribution share of banks
Bancassurance accounts for over 35% of total life insurance premiums
Bancassurance provision rates, operating models and partnerships
Investment-related life insurance
One third of organisations surveyed in Thailand offer forms of investment-related life insurance…
…with Krungthai-AXA Life leading the market in terms of its weighted share of partnerships
... followed by SCB Life, which obtains over 80% of its business from bancassurance
The majority of banking organisations collaborate with a single external insurance provider
Retirement savings
Provision of retirement savings products is mostly limited to the larger banking networks
Bangkok Life secures over 60% of its business from the bancassurance channel
Performance of key bancassurance underwriters
The combined market share of key bancassurers increased consistently between 2007 and 2011
 

10.0 VIETNAM
Banks and other lending institutions covered
Economic background
Political and economic reforms have transformed Vietnam in recent years...
… although state-owned enterprises still produce about 40% of national GDP
High inflation is one the country's main economic concerns...
…although it also faces other structural problems
In the Index of Economic Freedom, Vietnam's is ranked only 136th in the world
Introduction to the banking sector
Four of Vietnam's five largest banks by number of customers are state-owned...
... with Agribank leading the market by this measure
Indigenous banks control around 90% of the retail lending sector...
... although this market remains very small by international standards
Several Japanese banks have displayed an interest in Vietnam's banking sector
Introduction to bancassurance
Bancassurance in Vietnam is developing at a slower pace than in other Asian countries...
... given a channel share of between only 3% and 5% of total life insurance premiums...
... although the available evidence points to a rapid growth rate from this low base
Only a limited number of banks have set up captive or joint venture underwriters...
... with Aviva and BNP Paribas Cardif apparent as joint venture partners
Typically, captive and joint venture insurers use bank distribution as part of a multi-channel strategy
Baoviet is known to be focusing increasingly on bancassurance as a strategic distribution channel
Several key factors have delayed the development of bancassurance in Vietnam...
... although the experience of neighbouring countries points to strong future growth potential
 
Market for investment-related life insurance and retirement savings
The market for investment-related life insurance has been growing rapidly in nominal terms...
... with foreign-owned banks the most likely to market a wide range of policies
Distribution share of banks
Bancassurance accounts for only a small proportion of total life insurance premiums
Bancassurance provision rates, operating models and partnerships
Investment-related life insurance
15 Vietnamese banks offer investment-related life insurance products in one form or another…
…with two joint venture underwriters leading the market by weighted share of partnerships
Prudential is the most visible external underwriter in this segment
Over 30 banking institutions have no apparent arrangement for selling investment-related life insurance
Retirement savings
Only four insurance providers are active as partners of banks in this field
Performance of key bancassurance underwriters
Although they have huge potential to grow, the market share of VCLI and VietinAviva remains low
 

LIST OF GRAPHICS / TABLES
0.0 EXECUTIVE SUMMARY
In real terms, the combined market across all eight countries grew at an annual rate of 7.5% between 2008 and 2012
In three countries, banks hold a distribution share of more than 40% for these two product categories combined
The operating models used by banks to sell investment-related life insurance and retirement savings vary greatly by country
Four international groups hold bancassurance partnerships for investment-related life insurance or retirement savings in five or more of the countries researched
1.0 INTRODUCTION
Banks and other lending institutions contacted by Finaccord, segmented by country and type

2.0 ASIA-PACIFIC OVERVIEW
Gross written premiums for investment-related life insurance and retirement savings in eight Asia-Pacific countries, 2008 to 2012
Provision rates for investment-related life insurance through bancassurance in eight Asia-Pacific countries, 2012
Operating models (unweighted) used for investment-related life insurance in eight Asia-Pacific countries, 2012
Operating models (unweighted) used for investment-related life insurance in eight Asia-Pacific countries (data), 2012
Operating models (weighted) used for investment-related life insurance in eight Asia-Pacific countries, 2012
Operating models (weighted) used for investment-related life insurance in eight Asia-Pacific countries (data), 2012
Provision rates for retirement savings through bancassurance in eight Asia-Pacific countries, 2012
Operating models (unweighted) used for retirement savings in eight Asia-Pacific countries, 2012
Operating models (unweighted) used for retirement savings in eight Asia-Pacific countries, 2012 (data)
Operating models (weighted) used for retirement savings in eight Asia-Pacific countries, 2012
Operating models (weighted) used for retirement savings in eight Asia-Pacific countries, 2012 (data)
Distribution share of bancassurance for investment-related life insurance and retirement savings in eight Asia-Pacific countries, 2012
Weighted group share of bancassurance partnerships for investment-related life insurance and retirement savings, re-weighted by country bancassurance market size, eight Asia-Pacific countries
Presence of international groups in bancassurance markets for investment-related life insurance and retirement savings, eight Asia-Pacific countries

3.0 CHINA
Gross written premiums for investment-related life insurance and retirement savings in China, 2008 to 2012
Gross written premiums for investment-related life insurance and retirement savings in China, 2008 to 2012 (data)
Bancassurance provision of investment-related life insurance in China, 2011: provision rate, operating models and weighted provider share of partnerships
Bancassurance provision of retirement savings in China, 2011: provision rate, operating models and weighted provider share of partnerships

4.0 HONG KONG
Key economic indicators for Hong Kong, 2012
Gross written premiums for investment-related life insurance and retirement savings in Hong Kong, 2008 to 2012
Gross written premiums for investment-related life insurance and retirement savings in Hong Kong, 2008 to 2012 (data)
Bancassurance provision of investment-related life insurance in Hong Kong, 2012: provision rate, operating models and weighted provider share of partnerships
Bancassurance provision of retirement savings in Hong Kong, 2012: provision rate, operating models and weighted provider share of partnerships
Market share in total life insurance of key bancassurance underwriters in Hong Kong, 2007 to 2011

5.0 INDIA
Key economic indicators for India, 2012
Gross written premiums for investment-related life insurance and retirement savings in India, 2008 to 2012
Gross written premiums for investment-related life insurance and retirement savings in India, 2008 to 2012 (data)
Bancassurance provision of investment-related life insurance in India, 2012: provision rate, operating models and weighted provider share of partnerships
Bancassurance provision of retirement savings in India, 2012: provision rate, operating models and weighted provider share of partnerships
Market share in life insurance of key bancassurance underwriters in India, 2007 to 2011

6.0 INDONESIA
Key economic indicators for Indonesia, 2012
Gross written premiums for investment-related life insurance and retirement savings in Indonesia, 2008 to 2012
Gross written premiums for investment-related life insurance and retirement savings in Indonesia, 2008 to 2012 (data)
Bancassurance provision of investment-related life insurance in Indonesia, 2012: provision rate, operating models and weighted provider share of partnerships
Bancassurance provision of retirement savings in Indonesia, 2012: provision rate, operating models and weighted provider share of partnerships
Market share in total life insurance of key bancassurance underwriters in Indonesia, 2007 to 2011

7.0 JAPAN
Key economic indicators for Japan, 2012
Gross written premiums for investment-related life insurance and retirement savings in Japan, 2008 to 2012
Gross written premiums for investment-related life insurance and retirement savings in Japan, 2008 to 2012 (data)
Bancassurance provision of investment-related life insurance in Japan, 2012: provision rate, operating models and weighted provider share of partnerships
Bancassurance provision of retirement savings in Japan, 2012: provision rate, operating models and weighted provider share of partnerships
Market share in total life insurance of key bancassurance underwriters in Japan, 2007 to 2011

8.0 SOUTH KOREA
Key economic indicators for South Korea, 2012
Gross written premiums for investment-related life insurance and retirement savings in South Korea, 2008 to 2012
Gross written premiums for investment-related life insurance and retirement savings in South Korea, 2008 to 2012 (data)
Bancassurance provision of investment-related life insurance in South Korea, 2012: provision rate, operating models and weighted provider share of partnerships
Bancassurance provision of retirement savings in South Korea, 2012: provision rate, operating models and weighted provider share of partnerships
Share of new life insurance premiums attributable to the bancassurance channel of key underwriters in South Korea, 2007 to 2011
Market share in total

To order this report:
Life_Insurance Industry:
Life Bancassurance in the Asia-Pacific Region: Investment-Related Life Insurance and Retirement Savings


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