The Knowledge Centre

An in-depth analysis of the Global Commodities Trading Market vis-à-vis the Indian Commodities Trading Market.

Globalization is the key source which is bringing about an "irreversible transformation" in the Asian insurance market. India and China are "dynamically" driving the growth of insurance markets in Asia due to the changing socio-economic dynamics.

Between 2000 and 2007, Vietnamese life insurance sector increased from $51.12 million to $586.24 million. However, in a span of 7 years (2000-2007), the Thai Insurance Sector has experienced a growth of 191% currently valuated at $9,434.72 million

Asia is becoming a major player with four Chinese financial services companies listed among the top 21 global companies last year by market capitalisation.Due to globalization, etc., the insurance industry has gone through a tremendous transformation

Within a span of 7years(2000-2007), Thai Insurance Sector experienced a growth of 191% currently valuated at $9,434.72mn. The Knowledge Centre predicts, the overall market size will increase by72.5% and expected to touch highs of $13,012.75mn by2011.

Total market size of insurance sector in Vietnam was estimated to be $1141.98 mn in 2007. The Knowledge Centre predicts between 2007 & 2011, the market from $1141.98mn will grow at an average rate of 16.25% and reach $2039.95mn by the end of 2011.

Market Performance & Forecast: Between 2000 and 2007, it had an increase of 120% and reached $47.89 billion. Between 2000 and 2007, total premiums maintained an average growth rate of 11.96% and the CAGR growth during this time frame has been 11.96%

Market Performance & Forecast: Between 2002 and 2007, life segment had an increase of $37.47 bn. We forecast that life insurance premiums in 2011 will be $108.12 bn. The Knowledge Centre predicts that non-life premiums in 2011 will be $64.37 bn.