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Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts

December 26, 2016

china is now the worlds 3rd largest insurance market

"chinese insurance market : the biggest top 5 players that control the market"


 
China's insurance market became the third largest in the world last year, driven by five years of growth, the country's main insurance regulator has reported.Total insurance assets in China grew from five trillion yuan ($767 billion) in 2010 to 12 trillion yuan ($1.83 trillion) in 2015, according to figures from the China Insurance Regulatory Commission (CIRC) which were reported by state-owned news agency Xinhua.

However The Bigger Opportunity is yet to on fold The Chinese insurance market has grown at a furious pace in recent years. Between 2000 and 2014, the industry grew about 1,200% in size as measured by written premiums.It is estimated that China’s urbanization rate will increase from 47 percent in 2010 to 59 percent by 2020, meaning 208 million people are expected to move into cities over the period.Among this demographic many would consider purchasing their first insurance products as they move into cities,Another big opportunity is the lack of adequte sum assured among Chinese consumers.Chinese consumers do not have adequate life insurance coverage; China’s sum assured per GDP, which is a measure of insurance coverage, was 33 percent in 2010, only slightly higher than Indonesia’s 28 percent and significantly below India’s 58 percent, not to mention 100 percent and above in many mature markets opening a new customer segment for insurers.

In 2016, the chinese market for insurance is growing by the fastest it has since 2008, with a 43.6% year-over-year rise in gross written premiums at the end of Q3 and a 54.2% growth in monetary value (source: China Insurance Regulatory Commission ("CIRC")). The insurance markets in China’s coastal regions rose the fastest over the past three decades. The top 10 provinces and municipalities in China by P&C insurance premium volume are located mostly in coastal regions such as Guangdong, Jiangsu, Shandong, Shanghai, and Zhejiang 

For the life insurance business, overall accounted for 80% of total premium income in the life market in recent two years  .In the non-life sector, motor insurance has dominated the Chinese non-life market with premium income accounting for more than 70% total premium income. Commercial property insurance, agriculture insurance and liability insurance are the next three most significant product lines . 




December 1, 2016

what are the average bank home loan interest rates in 52 us states


 
U.S. mortgage rates again made a post-election surge, according to Freddie Mac.Long-term U.S. interest rates have climbed since Trump was elected Nov. 8. That is largely because bond investors believe the president-elect's plan to cut taxes and spend massively on roads, bridges, airports and other infrastructure could ignite inflation. When they foresee rising inflation, investors demand higher long-term rates and pay lower prices for bonds. According to Mortgage giant Freddie Mac Wednesday  saw the average rate on a 30-year fixed rate loan shot up to 4.03%, the highest since July 2015 and up from 3.94% a week earlier. 

The rate on 15-year home loans climbed to 3.25%, up from 3.14% last week and highest since January.A measure of U.S. mortgage application activity fell last week to its lowest level since early January as 30-year mortgage rates rose to their highest since July 2015, data from the Mortgage Bankers Association showed on Wednesday.

 Since Donald Trump’s surprise victory, average rates for a 30-year, fixed-rate mortgage have leapt by more than half a point, to 4.18% on Wednesday. Rates still remain low by historical standards, but are now at their highest level since June 2015, according to MortgageNewsDaily.com
The 30-year fixed mortgage averaged 4.03 percent for the week ending Nov. 23, up from 3.94 percent the previous week.In a short week leading up to the Thanksgiving holiday, the 10-year Treasury yield rose 8 basis points,” said Sean Becketti, chief economist at Freddie Mac. “The 30-year mortgage rate followed suit, rising 9 basis points to 4.03 percent. This increase marks the first week since 2015 that mortgage rates have risen above 4 percent.”




February 6, 2016

December 3, 2015

the most valuable and powerful made in china brands

THE BIGGEST MOST POWERFUL 15 COMPANIES IN CHINA :China is a nation that continues to break global records. It is the world!s largest car market (14 million units sold), has the largest number of Internet users (400 million against the entire US population of 300 million), and its GDP is on the point of overtaking Japan to become the world!s second largest economy after the US. China is now home to among the best global brands.The IPO of Agricultural Bank of China (ABC) in Hong Kong and Shanghai on July 19 this year (and which is reflected in this report) means that China is now home to four of the world's 10 biggest banks by market capitalization. This has happened only five years since the country's first major state-owned lender – Bank of China - went public in recordbreaking IPO launches in Hong Kong and Shanghai.



"the top 15 biggest chinese brands "
China Mobile is the most valuable China brand, valued at US$22.62 billion. According to latest data  the second  most valuable China brand is banking giant ICBC, which has a brand value of US $16.947 billion.The second most valuable sector is Telecommunications with a combined brand value of US$37.436 billion, or 17.5% of the total. Meanwhile Insurance-related brands make up the third most valuable sector among the top 100 brands with a combined brand value of US$16.217 billion. China Life is by far the most valuable brand in this sector, with a brand value of US$11.073 billion.

December 2, 2015

the top 10 global insurance most powerful brands

ALLIANZ, AXA AND GENERALI  tops as the global biggest insurance powerhouses  ranking among the top 3 biggest insurance companies  with a combined brand valuation of over $425 billion .Chinese-based insurance brands have proved just how lucrative their domestic market can be. With the exception of China Life, which saw a 13% decline in brand value, the Chinese brands in the top 20 all boasted brand value growth of between 23 and 42%. Ping An, now valued at US$11.5 billion, became the most valuable Chinese insurance brand a year after it bought the Lloyd’s of London building, its first real estate acquisition outside China.


Industry giants Allianz and AXA heralded the resurgence of Insurance 50 brands and dominated the top 10, ranking 1st and 2nd as the most powerful insurance brand in the world. Allianz and AXA has been, growing by 2.5% and 2.2% respectively.Late 2013 saw Allianz appoint its first UK brand director in an effort to make the brand as well known in Britain as it is across Europe.The main driver of Allianz’s increasing brand value is solid revenue growth which  is expected to rise from $93billion to $107bn (15%) over the next five years.Italian insurance company Generali is ranked no 3  as the most powerful insurance brand followed by Chinese insurance company Pingan.is ranked no 4, No 5 is China life with  a brand value of  103 billion USD. Prudential of UK is the 6th most powerful insurance company with brand value of 7.8 billion USD
Nippon, Zurich ,Metlife and AIG make up the 7th, 8th, 9th and 10th  position and completes the top 10  most powerful insurance companies across the world

August 30, 2015

US Car Insurance satisfaction survey vs marketshare

"Car Insurance Industry Market Share - 2015 Credio Satisfaction Survey"
CAR INSURACE SATISFACTION SURVEY





"Car  Insurance marketshare : 2015"



August 27, 2015

global insurance stands at 6%, S. Africa, S. Korea most insured with 15% penetration

 



"global insurance stands at 6%, S. Africa, S. Korea most insured with 15% penetration


Global insurance Penetration

Globally Insurance penetration is  measured as the ratio of premium to Gross Domestic Product.Globally, insurance penetration stands at 6.2 per cent, while density is at $662 (Rs 42,103) for 2014



Among BRIC nations South Africa leads in insurance penetration with 15.4 %.Brazil ranks no 2 in terms of insurance penetration with 4%,followed by  India at 3.4%,China 3% and Russia with 1.3% insurance rates.


Across Developed countries  UK and Japan  tops  insurance penetration followed by UK with 11.5% and Japan 11%.Meanwhile France, Italy and US follows with 9%,7.6%and 7.5%
respectively. Canada  and Germany   stands at 6.5% , along with  Australia's insurance  penetration of  with 5.2%


South Africa and South Korea have the biggest insurance rates in  the world with 15.4% and 11.9%



Insurance penetration  across  Top 20 Nations

  1. Australia:5.2%
  2. Argentina:3.6 %
  3. Brazil :4%
  4. Canada:6.5%
  5. Germany: 6.5%
  6. India: 3.6%
  7. Italy:7.6%
  8. China:3.0%
  9. Mexico 2.1 
  10. Indonesia 2.1
  11. South Africa:15.4%
  12. South Korea: 11.9%
  13. United Kingdom:11.5%
  14. United States:9%
  15. Turkey 1.5
  16. Russia 1.3 
  17. Argentina 3.6 
  18. Mexico 2.1 
  19. Indonesia 2.1
  20. Turkey 1.5
  21. Russia 1.3 


August 25, 2015

BRICS lead Life Insurance premium growth , china growing 3times its nearest competitor



"life insurance premium growth trends :

Global Insurance Premiums are lead by BRIC Nations with China growing 3 times as much as its nearest  BRIC partners

" global insurance premium comparison charts"



 In a recent  E&Y paper titled" wings of change" on the growth of  life insurance premiums across the world, It  forecasts  BRIC countries to emerge as the biggest growth drivers. But  the number one market is clearly CHINA .The Chinese  life insurance market growth is set to dwarf both India, brazil and south africa( which ranks 4th)   as premium collections is china is forecasted to grow 3 times the number in India, Brazil and South Africa

July 23, 2015

UK has the largest insurance in Europe, 3rd largest worldwide



" ranking of global insurance market by size"

The UK insurance industry is the largest in Europe and the third largest in the world. UK has seen managing investments of £1.8 trillion (equivalent to 25% of the UK’s total net worth) and paying nearly £12bn in taxes to the Government. I

Insurance  Industry in UK employs around 315,000 individuals, of which more than a third are employed directly by insurers with the remainder in auxiliary services such as broking



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July 22, 2015

Comparing Americans who are without health insurance vs insured





"US community without and with health insurance"


"percentage who are not insured in US"
data : US Census

Comparison  and data on Non Insured in United states  vs Insured 






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July 21, 2015

search spends tanks 5%, as mobile now forms 25% of digital spends



marketing spends on search  down by 5% while , Mobile spends grow  8% .


 Source: Interactive Advertising Bureau Research Date: May 30th, 2015

Search spends slows down by 5% while , Mobile spends grew by  8% .


1)Meanwhile banners  ads  ranks no  3 in terms of digital spending share but it declined by 3% ( 16% in 2014 vs 19% in 2013 )

2)Last year saw  unprecedented spends on mobile as spends grew by   8%  in 2014  and formed  25% of digital ad spends in contrast to  17% in 2013.Mobile ranks number 2 in overall brands spends across the online media

3)Search  spends  has been impacted  last year  as ad dollars started shifting  to mobile  as search spends declined 5%. Although search marketing ranks no 1 in digital spending  for both 2013 and 2014 , its share has come down to  38% in 2014 as compared to 43% in 2013

4)Online video ranks number 4 in terms of spends with a share of 7% allocated to it ( no change
,




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US Home insurance average premium payout by States



"US insurance and car insurance premium quotes by States"

source :Statistic Verification Source: Home Insurance LLC Research Date: 7.6.2014 

The above data shows the average Premiums paid by car insurers  in 2014 by  individual states.
A few of the states are missing due to lack of reliable and accurate data. Florida along with  Oklahoma residents pay the highest insurance with an average insurance payout of $2280 and $1572, followed by Louisiana  at third place with average  insurance  premium of  $1483
Meanwhile residents in the state of  Idaho( $405) and Utah($441) paid the least insurance premiums, followed by Oregon with $484  .

  1. California residents pay an average insurance premium of $ 795
  2. Connecticut  residents average insurance premiums payout is    $799
  3. Indiana Residents pays an average premium of  $781
  4. New Jersey residents  average insurance  annual premium is  $638
  5. North Carolina residents payout is  $631
  6. while South Carolina pays av average insurance premium of  $679



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July 18, 2015

car insurance quotes in California by marketshare and user ratings


Auto Insurance quotes review in California | Credio



"cheapest auto insurance quotes comparison in california"

 California's cheapest auto quotes comparison powered by valuepenguin




How many Cars are being Used in California
   
According to estimates motor vehicles in California use more than 14 billion gallons of gasoline to travel over 330 billion miles. To put those numbers in perspective, the sun is 93 million miles away...In so many other ways, California is a pioneer. We have 25 percent of the nation's foreign born and its not a surprise that California as compared to other US cities is the states where the best brains can both dream and drive at the same time . There are about 50,000 electric cars which are present on the roads in California ( source : valuepenguin)

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credit cards compared by low interest ,credit ratings without annual fee


Credit Card Comparison by how interest, credit ratings without annual fee powered  y
Credit Cards | Credio How many people in US actually cary credit cards ? what do they but with credit cards and how much do they spent ? Here are some credit card statistics you dint know about'


  1.  $1,098 per card that doesn't carry a balance2 $1,648 per account, 
  2. U.S. adults with a credit report and Social Security number3 $3,600 per person,
  3.  U.S. resident adults4 $5,234 per person, excluding unused cards and store cards
  4. 12 $5,596 per U.S. adult with a credit card
  5. $5,700 per household with credit card debt
  6. 6 $7,743 per card that usually carries a balance

     Read more: 

July 15, 2015

Top 5 car insurance companies in US by rates and customer service



div dir="ltr" style="text-align: left;" trbidi="on"> Car Insurance | Credio

The above infographic shows and compares the best car insurance companies in US. The following companies are compared Allstate, Country financial, American Family and California Casualty

June 12, 2015

These Industries have spent 35% of their digital budgets in adwords


    the most expensive  keywords spends on google adwords"

The Top AdWords Spenders By Industry

According to AdventurePPC, the top spending industries when it comes to AdWords in 2014 are:
  1. Finance and Insurance ($4.0 Billion)
  2. Retailers and General Merchandise ($2.8 Billion)
  3. Travel and Tourism ($2.4 Billion)
  4. Jobs and Education ($2.2 Billion)
  5. Home and Garden ($2.1 Billion)
  6. Vehicles ($2.0 Billion)
  7. Computers and Consumer Electronics ($2.0 Billion)
  8. Internet and Telecom ($1.7 Billion)
  9. Business and Industrial ($1.6 Billion)
  10. Occasions and Gifts ($1.2 Billion)


June 11, 2015

Metlife and Prudential ranked as largest life insurance companies in US


 Metlife and prudential among United states biggest life insurance companies



METLIFE, PRUDENTIAL AND AFLAC  are the top 3 biggest Insurance companies in the  Unites States  ranked by market cap.Principal,Lincoln and Voya Financial are the next 3 biggest insurance companies ranked 4th, 5th and 6th respectively
Market capitalization  in insurance companies are   measured  and calculated by multiplying a company's shares outstanding by the current market price of one share. market cap is generally used to determine a company's size, as opposed to sales or total assets.

Life insurance companies ranked by market cap :Global top 15





" global insurance companies with highest market cap"



























Chinese Life Insurance with 81.53b USD , AIA group Hong Kong with 66b USD and Metlife, US with 62b USD  respectively are  the top 3 Insurance  majors worldwide based on market capitalization  In the pecking order  Dai Chi Insurance of Japan and Netherlands Aegon   are ranked at the bottom

Meanwhile Ping An Insurance, china, Prudential  Finance of US and prudential plc  of UK, along with  AXA  of South Africa are among the top 10 Insurance companies in terms of market cap

June 9, 2015

March 10, 2015

General Insurance in India growing at a CAGR of 22%, with profitability taking a beating





the state of  General  insurance industry in India


Overall,  while Indian  General Insurance  industry achieved significant growth over the past 5 years, the profitability of industry deteriorated sharply A multitude of factors adversely impacted the industry profitability over the last five years which are
  1. Price de-tariffication provided freedom to general insurance companies to decide the premium rates in most of the product segments  .
  2. Proliferation of new  companies who have  entered the general insurance business has led into a demand supply constraints with intensifying competition and focus on growth by the new entrants leading  to competitive pricing pressure
  3. Awareness on Insurance Buying: In India both insurance premiums and insurance density( premiums paid vs population ) is lower than developing or  comparable developed nations 
This is where the web can play a huge role ..Online Insurance buying can completely cut off the commissions  thereby eliminating the costs incurred as a " distributors fee" With  Indian demograhics getting  more attractive  coupled with  greater web connectivity and better broadband broadband connectivity  speeds , More of Indian Consumer would be gravitating towards buying an Insurance policy online .