Overview

Introduction

This report sizes life insurance and pensions gross written premiums in Brazil, Russia, India and China from 2001-5, assesses regulatory developments and current state of 1st/2nd/3rd pillar pension provision in each country, and examines the competitor structure of life insurance and pensions companies in each country.

Scope

• Life insurance and pensions markets in Brazil, Russia, India and China
• Provides historic data for all BRIC countries from 2001-5
• Assesses regulatory changes and recent market developments
• Gives an overview of the life insurance sector in terms of competitors and market share

Report Highlights

Life insurance and pensions premiums totaled USD68bn across all BRIC countries in 2005

Regulation has significantly opened the markets for life and pensions business in BRIC

The life insurance and pensions markets are highly concentrated in BRIC

Reasons to Purchase

• Access market data to identify opportunities for your business
• Assess changes and trends in the competitive landscapes
• Identify challenges imposed by market access restrictions, regulation and competitors

• CATALYST
• SUMMARY
• METHODOLOGY
• ANALYSIS
  • Life insurance and pensions premiums totaled USD68bn across all BRIC countries in 2005
    • China has the largest life insurance and pensions market of all BRIC countries
    • The life insurance and pensions market in Brazil has grown the fastest in the past five years
  • Regulation has significantly opened the markets for life and pensions business in BRIC
    • A modernization of the Brazilian life and pensions market has had a profound impact on the insurance sector
    • The Russian life insurance and pensions market has seen a number of reforms but is still at an early stage
    • While growth in India' s life insurance sector is starting to gain pace, the pension system is still in its infancy
    • China' s life insurance and pension market underwent a regulatory reform but is still small by global standards
  • The life insurance and pensions markets are highly concentrated in BRIC
    • A combination of strong domestic companies and foreign players has increased competitiveness in Brazil
    • Russia is very protective in terms of access to its insurance market but this might change after WTO access
    • The Indian life insurance market is still dominated by LIC but foreign competitors are gaining market share
    • China' s life insurance sector is dominated by three domestic players which control around 90% of the market
  • Conclusion
• APPENDIX
  • Definitions
    • Life Product Definitions
      • Life Assurance
      • Endowment Policy
      • Whole of Life Insurance
      • Term Assurance
    • Pension product definitions
      • Personal Pensions
      • Group personal pensions
  • Further reading
    • Life and Pensions SPP
      • Interactive Databases
      • Reports and Briefs
  • Ask the analyst
  • List of Tables
    • Table 1: Life and pensions insurance premium income in Brazil, Russia, India and China, 2001-2005, USDm
    • Table 2: Leading life insurance companies in Brazil measured by gross premiums written 2005
    • Table 3: Leading life insurance companies in Russia measured by gross premiums written 2004
    • Table 4: Leading life insurance companies in India measured by gross premiums written 2004
    • Table 5: Leading life insurance companies in China measured by gross premiums written 2004
  • List of Figures
    • Figure 1: China has by far the largest life and pensions market of all BRIC countries in terms of insurance premium income
    • Figure 2: Brazil will has seen the strongest growth in its life and pensions market in the past five years at an annual compound growth rate of 44%, followed by China (25%) and India (16%)