Cold Chain market in China to grow at a CAGR of 24.18% over the period 2014 - 2019, finds new report

Publisher recognizes the following companies as the key players in the Cold Chain Market in China: China Merchants Americold, S.F. Express, Shanghai Jiaoyun Rihong International Logistics Co. Ltd. and SINOTRANS Shanghai Cold Chain Logistics Co. Ltd.

Other Prominent Vendors in the market are: Guizhou Zhiji Logistics, ITOCHU LOGISTICS, Shanghai Hengfu Logistic, Shanghai Zhengming Modern Logistics, Swire and World Courier.

Commenting on the report, an analyst from Publisher’s team said: “Increase in M&A is one major trend emerging in the market that will enable companies to expand their global customer base and their portfolio of products, solutions, and services. Vendors in this market are opting for the M&A route to increase their global presence and expand their product portfolio as well as achieve economies of scale in various SCM processes.”

According to the report, one of the main drivers of the Cold Chain market in China is the developing market for chilled and frozen food in China. The food consumption pattern of the people has witnessed a change and they are now more inclined toward convenience food, which requires efficient logistics services.

Further, the report states that the capital-intensive nature of the Cold Chain market in China is one of the major challenges hindering its growth. The management maintenance of cold chain logistics services requires significant amount of capital to meet the expenditure incurred in the business, thus leading to an increase in CAPEX for vendors in the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For further information on this report, please visit- http://mrr.cm/4wt

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Car Rack market in Western Europe to grow at a CAGR of 5.47% over the period 2014-2019, finds new report

Publisher recognizes the following companies as the key players in the Car Racks Market in Western Europe: Atera GmbH, Cruzber SA, Hapro International BV, KAMEI GmbH & Co. KG and Mont Blanc Group AB.

Other Prominent Vendors in the market are: HandiWorld, JAC Products, Pendle Bike Racks, Thule Group and Yakima Products.

Commenting on the report, an analyst from Publisher’s team said: “Efficient and modern designs are one of the key trends upcoming in this market, wherein vendors are introducing sleeker, compact, and lightweight designs to increase user appeal. Car rack designs are engineered to support the entire load capacity. Use of better materials such as stainless steel over standard steel has increased durability and reduced the weight of these products.”

According to the report, one of the major drivers of the market is limited boot space in cars. Often, the boot space is insufficient to accommodate bulky items, necessitating the use of a car rack. Car racks fix this problem by providing space on the exterior of a car as they provide increased capacity and allow the carrying of a multitude of items with ease and safety.

Further, the report states that one of the major challenges that the market faces is the effect on performance. Car racks add to the weight and height of a car and disrupt its aerodynamic profile, creating wind resistance, which in turn affect the vehicle's performance.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For further information on this report, please visit- http://mrr.cm/4wC

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Aviation Market in the UK to grow at a CAGR of 1.83 % over the period 2014 - 2019, finds new report

Publisher recognizes the following companies as the key players in the Aviation Market in the UK: British Airways plc, easyJet plc, Gatwick Airport and Heathrow Airport.

Other Prominent Vendors in the market are: Aurigny Air Services, BA CityFlyer, Blue Islands, BMI Regional, Eastern Airways, Flybe, Isles of Scilly Skybus, Jet2.com, Loganair, Monarch Airlines, Thomas Cook Airlines, Thomson Airways and Titan Airways.

Commenting on the report, an analyst from Publisher’s team said: “Usage of alternative jet fuels is a key trend witnessed in this market. Airlines are serious about the use of alternative jet fuel, and several steps have been taken toward its implementation. Alternative jet fuel offers an alternative to conventional petroleum-based fuel and its price fluctuations, and also helps the industry achieve its carbon emission goals to some extent.”

According to the report, one of the drivers in this market is growth in scheduled traffic in the UK. There has been a rise in the number of passengers, commercial flights, and cargo, which has helped maintain the growth.

Further, the report states that one of the major challenges that the market faces is airport capacity. Capacity constraint leads to flight delays and disruption of flights. Also, difficulty in obtaining new slots deters airlines from seeking alternatives that might reduce their competitiveness.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For further information on this report, please visit- http://mrr.cm/4wj

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Automotive Alternator market in the APAC to grow at a CAGR of 6.17% by revenue over the period 2014-2019, finds new report

Publisher recognizes the following companies as the key players in the Automotive Alternator Market in the APAC Region: Bosch Corp., Denso Corp., Hella KGaA Hueck & Co. and Mitsubishi Electric Corp.

Other Prominent Vendors in the market are: Hitachi, Letrika Suzhou, Lucas, Prestolite Electric, Remy International, Valeo, Wonder Auto Technology, Yuanzhou and Zhejiang Dehong Automotive Electronic & Electrical.

Commenting on the report, an analyst from Publisher’s team said: “Advances in technology in alternators is one key trend that has been prevalent in the Automotive Alternator market in the APAC region. With the rise in disposable incomes, demand for luxury cars has increased. These cars are equipped with high-quality components that require a lot of electricity. This has led to the development of alternators that have a high power output.”

According to the report, the Automotive Alternator market in the APAC region has taken center stage because of the rise in use of electronic components in automobiles, which is proving to be beneficial for the market. Advances in technology have ensured the development of efficient alternators and also led to the development of high-output alternators that are in demand for customized cars, luxury cars, and high-performance cars.

Further, the report states that rising raw material prices is one of the major challenges faced by vendors in this market. Prices of raw materials such as metals, which are used in the manufacturing of alternators, have increased and are affecting the profitability of alternator manufacturing companies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For further information on this report, please visit- http://mrr.cm/4wV

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Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2018, New Report Launched

The report provides in-depth market analysis, information and insights into the Vietnamese personal accident and health insurance segment, including:

• The Vietnamese personal accident and health insurance segment’s growth prospects by insurance category
• Key trends, drivers and challenges for the personal accident and health insurance segment
• The various distribution channels in the Vietnamese personal accident and health insurance segment
• The detailed competitive landscape in the personal accident and health insurance segment in Vietnam
• Detailed regulatory policies of the Vietnamese insurance industry
• Analysis of various consumer segments in Vietnamese personal accident and health insurance
• Key developments in the Vietnamese personal accident and health insurance segment
• New products launched by Vietnamese personal accident and health insurers

The personal accident and health insurance segment was the fastest-growing in terms of gross written premium, in the Vietnamese insurance industry during the review period (2009–2013). Initiatives such as the government’s implementation of a universal healthcare system, insurers’ expansion of distribution channels by insurers and the rising participation of foreign healthcare and insurance providers have increased demand for personal accident and health insurance products during the review period. As such, the segment grew at a compound annual growth rate (CAGR) of 27.0% during this time. These factors are expected to support the segment even over the forecast period. The segment is consequently projected to rise at a forecast-period (2013–2018) CAGR of 13.2%, to value VND9.5 trillion (US393.9 million) by 2018.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Vietnam:

• It provides historical values for the Vietnamese personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categories in the Vietnamese personal accident and health insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for personal accident and health insurance products in Vietnam.
• It profiles the top personal accident and health insurance companies in Vietnam and outlines the key regulations affecting them.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to Vietnamese personal accident and health insurance segment and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Vietnamese personal accident and health insurance segment.
• Assess the competitive dynamics in the personal accident and health insurance segment.
• Identify the growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Vietnamese insurance industry and their impact on companies and the industry's future.

Key Highlights

• The personal accident and health insurance segment was the fastest-growing in terms of gross written premium, in the Vietnamese insurance industry during the review period.
• Initiatives such as the government’s implementation of a universal healthcare system, insurers’ expansion of distribution channels by insurers and the rising participation of foreign healthcare and insurance providers have increased demand for personal accident and health insurance products during the review period.
• A large portion of the population suffers from various chronic diseases, such as heart disease, diabetes and cancer, which are all frequent among the Vietnamese population.
• The Vietnamese government’s contribution to the healthcare sector remained low.
• Foreign participants such as the Singapore-based investment and development firm Chandler Corporation, the Vancouver-based healthcare developer Triple Eye Infrastructure Corporation and the Philippines-based pharmaceutical firm United Lab entered the Vietnamese healthcare service sector during 2012–2013.
• Vietnamese insurers such as Dai-ichi Life and Generali Vietnam launched new health insurance products to cover their customers against financial losses caused due to non-communicable diseases.

Spanning over 146 pages, “Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2018” report covering the Key Facts and Events, Executive Summary, Introduction, Vietnamese Insurance Industry Attractiveness, Personal Accident and Health Insurance Outlook, Analysis by Distribution Channel, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Appendix - 1,  Appendix - 2. The report covered companies are - Bao Viet General Insurance Corporation, BaoMinh Insurance Corporation, PVI Insurance Corporation, Agriculture Bank Insurance Joint Stock Corporation (ABIC), Post and Telecommunication Insurance Vietnam, AAA Assurance Corporation

Know more about this report at – http://mrr.cm/4wE

Croatia's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape, New Report Launched

The report provides top-level market analysis, information and insights into Croatia's cards and payments industry, including:

• Current and forecast values for each category of Croatia's cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards
• Comprehensive analysis of the industry’s market attractiveness and future growth areas
• Analysis of various market drivers and regulations governing Croatia's cards and payments industry
• Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by banks and other institutions in the market
• Comprehensive analysis of consumer attitudes and buying preferences for cards
• The competitive landscape of Croatia's cards and payments industry

Before the global financial crisis, the Croatian economy grew at a rate of 4–5% annually. However, the crisis impeded the economic progress and the country entered into its sixth year of recession in 2014. This had a direct bearing on the Croatian cards and payments industry.

Croatia became the 28th member of the European Union (EU) on July 1, 2013, and since has been trying to raise its competitiveness and is to benefit from EU funding to aid economic development and growth. Consequently, the government has undertaken labor, pension, social benefit and investment reforms, which are anticipated to stimulate employment opportunities. The privatization of large government-owned companies and access to EU funds are anticipated to provide support for the country’s economic recovery over the forecast period (2014–2018). However, the growth prospects for the cards and payments industry are anticipated to remain weak, until the economy re-enters a state of growth.

In 2013, credit transfer and direct debit were the most popular payment instruments with a combined industry share of 90.3% in terms of transaction value, while payment cards accounted for a share of just 2.2%. The use of cash is increasing and its share rose from 6.3% in 2009 to 7.5% in 2013.

In terms of the number of cards in circulation, payment cards (debit, credit and charge cards) declined marginally during the review period, recording a compound annual growth rate (CAGR) of -0.39%, decreasing from 8.5 million in 2009 to 8.4 million in 2013. However, in terms of transaction value, payment cards valued HRK116.1 billion (US$20.3 billion) in 2013, after registering a review-period CAGR of 1.07%.

Improved banking infrastructure, new product developments, a higher awareness of electronic payments and the wider acceptance of payment cards at POS terminals were the main growth drivers. The adoption of Europay, MasterCard and Visa (EMV) standards, as well as the emergence of contactless technology, also supported industry growth.

In 2013, the Croatia’s average transaction value (ATV) was US$64.8, equivalent to ranking of 24th in the European region. Greece recorded the highest ATV of US$227.6, followed by Switzerland (US$156.6), Italy (US$140.4), Germany (US$131.5), Luxembourg (US$121.2), Ireland (US$106.4) and Romania (US$104.3). In terms of card penetration, Croatia had 1.88 cards per inhabitant in 2013, the eighth-highest figure in the region. Luxembourg with (4.43) had the highest penetration, followed by Norway (2.73), the UK (2.48), Sweden (2.38), Belgium (2.04), Turkey (1.95) and Switzerland (1.91).

In terms of frequency of use, Croatia recorded 36.9 transactions per card in 2013. Finland recorded 172.8 transactions per card and had the highest frequency of use, followed by Denmark (159.2), Estonia (149.4) and France (127.8).

In terms of transaction value, debit cards remained a popular payment card during the review period, growing from HRK82.1 billion (US$15.5 billion) in 2009 to HRK87.7 billion (US$15.3 billion) in 2013, at a review-period CAGR of 1.68%. The value is anticipated to grow to reach HRK115.7 billion (US$21 billion) in 2018, at a CAGR of 5.38%. Due to the European debt crisis and uncertain economic conditions, the majority of Croatian consumers became debt-cautious and preferred to use debit cards to make payments to track their expenses. Consequently, the debit cards market registered growth in terms of the number of cards in circulation, transaction value and volume during the review period (2009–2013). Transaction values at POS terminals gradually increased during the review period; a trend which is anticipated to continue over the forecast period.

Scope

• This report provides a comprehensive analysis of Croatia's cards and payments industry.
• It provides current values for Croatia's cards and payments industry for 2013, and forecast figures for 2018.
• It details the different economic, infrastructural and business drivers affecting Croatia's cards and payments industry.
• It outlines the current regulatory framework in the industry.
• It details the marketing strategies used by various banks and other institutions.
• It profiles the major banks in Croatia's cards and payments industry.

Reasons to Buy

• Make strategic business decisions using top-level historic and forecast market data related to Croatia's cards and payments industry and each market within it.
• Understand the key market trends and growth opportunities in Croatia's cards and payments industry.
• Assess the competitive dynamics in Croatia's cards and payments industry.
• Gain insights in to the marketing strategies used for selling various card types in Croatia.
• Gain insights into key regulations governing Croatia's cards and payments industry.

Key Highlights

• In terms of transaction value, debit cards remained a popular payment card during the review period, growing from HRK82.1 billion (US$15.5 billion) in 2009 to HRK87.7 billion (US$15.3 billion) in 2013, at a review-period CAGR of 1.68%. The value is anticipated to grow to reach HRK115.7 billion (US$21 billion) in 2018, at a CAGR of 5.38%. Due to the European debt crisis and uncertain economic conditions, the majority of Croatian consumers became debt-cautious and preferred to use debit cards to make payments to track their expenses. Consequently, the debit cards market registered growth in terms of the number of cards in circulation, transaction value and volume during the review period (2009–2013). Transaction values at POS terminals gradually increased during the review period; a trend which is anticipated to continue over the forecast period.
• PBZ launched the American Express Gift Card, the first prepaid card in the American Express portfolio of PBZ Card in 2012. Similarly, Hrvatska Poštanska Banka (HPB), in April 2013 launched a reloadable Visa prepaid card. The card can be used at home and abroad, and also to withdraw cash from automatic teller machines (ATMs) and at POS terminals. Also in May, the bank launched the Visa Prepaid Youth Card. The card is designed for young people aged 14 and above.
• Contactless cards were first introduced in Croatia in December 2012, with MasterCard PayPass first issued by Erste & Steiermärkische Banka. Contactless technology is being rolled-out by banks and card issuing companies for making payments using mobile phones. In July 2012, telecommunication provider, Hrvatski Telekom introduced mobile payment based on NFC technology, and in August 2014, PBZ, Intesa Sanpaolo Card and American Express announced that they have initiated a pilot to test mobile NFC payments. The emergence of contactless technology is expected to drive card-based payments over the forecast period.

Spanning over 96 pages, “Croatia's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering the Key Facts and Top Events, Executive Summary, Market Attractiveness and Future Prospects of Cards and Payments, Analysis of Cards and Payments Industry Drivers, Emerging Consumer Attitudes and Trends, Payment Cards, Debit Cards, Credit Cards, Charge Cards, Commercial Cards, Regulations in the Cards and Payments Industry, Card Fraud Statistics, Card Issuers, Card Schemes, Prepaid Cards, Appendix. The report covered companies are - Zagrebačka Banka, Privredna Banka Zagreb, Erste & Steiermärkische Banka, Hrvatska Poštanska Banka, Splitska Banka, MasterCard, Visa, Diners Club, American Express

Know more about this report at – http://mrr.cm/4wb

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UAE Foreigners Visiting numbers will increase to 18.6 million by 2018; Finds New Report

Market Insights; Luxury Hotels UAE provides an overview of the United Arab Emirates Luxury hotel market, analyzing market data and providing insights. This report provides a better understanding of the number of tourists arriving to the UAE, where they are staying, their spending habits and future developments on the UAE tourist industry.

Key Findings

• UAE has a positive future with more than 12 million foreigners visiting in 2013, a figure that Travel and Tourism Intelligence Centre (TTIC) forecasts will increase to 18.6 million by 2018. The small emirate will expand its tourism industry significantly over the next 5 years as the government invests more to prepare for the hosting of major global events.
• Between 2006-2014, the number of rooms sold has grown by 79% and the number of rooms available in the market has risen by 86% during this period. After years of consecutive growth, the UAE has finally returned to the pre-recession GDP levels with 4.3% annual growth in 2014.
• The number of 5-star rooms has grown at a much faster rate than other segments of the hotel industry. Developments in the lower-end segment have been fairly flat in recent years, but there was some expansion in 2013. Of twelve hotels that opened in 2013, six were 5-star rated and three were 4 or 4.5-star rated.
• Government investment in infrastructural development such as the Abu Dhabi International airport and efforts to expand the country's tourism brand through the construction of major cultural icons such as the Guggenheim and Louvre museums will facilitate greater demand for trips to the UAE.
• The UAE is situated in a precarious location. Potential regional overspill in the form of Islamic State could cause instability in a country where strict political control and repression of Islamist movements has occurred for decades.

Synopsis

The report provides detailed market analysis, information, and insights, including:

• Historic and forecast tourist volumes covering the UAE inbound tourism sector
• Detailed analysis of tourist spending patterns for various categories in the travel and tourism sector, such as rooms occupied and top source markets.
• Detailed analysis of the market trends in UAE inbound tourism sector

Reasons to Buy

• Make strategic business decisions using historic and forecast market data related to the UAE hotel sector
• Understand the key market trends and growth opportunities in the UAE inbound tourism sector, along with key trends and grow opportunities

Know more about this report at – http://mrr.cm/4wL

The Insurance Industry in Panama, Key Trends and Opportunities to 2018, New Report Launched

The report provides in-depth industry analysis, information and insights into the insurance industry in Panama, including:

• The Panamanian insurance industry’s growth prospects by insurance segment and category
• The competitive landscape in the Panamanian insurance industry
• The current trends and drivers in the Panamanian insurance industry
• Challenges facing the Panamanian insurance industry
• The detailed regulatory framework of the Panamanian insurance industry

Panama is one of the most promising economies in Central America, and the second-largest in Latin America after Chile. The country’s economy is dependent on its service industry, especially banking and tourism, and ranked 40th on the 2013 Global Competiveness Index. The industry grew in terms of gross written premium value recording a review-period (2009–2013) CAGR of 10.3%. Over the forecast period (2013–2018), the industry is projected to register a CAGR of 9.7%. Following a process of currency substitution, Panama adopted the US dollar after independence, which resulted in a fall in transaction costs when trading with other countries also using the dollar. The industry is regulated by Superintendent of Insurance and Reinsurance (SSRP) and consists of 32 insurers. The five leading insurers together accounted for 62.8% (US$496.4 million) of the total industry’s premium in 2013.

Scope

This report provides a comprehensive analysis of the insurance industry in Panama:

• It provides historical values for the Panamanian insurance industry for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key segments and categories in the Panamanian insurance industry, along with forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
• It profiles the top insurance companies in Panama, and outlines the key regulations affecting them.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast industry data related to the Panamanian insurance industry and each segment within it.
• Understand the demand-side dynamics, key trends and growth opportunities in the Panamanian insurance industry.
• Assess the competitive dynamics in the Panamanian insurance industry.
• Identify the growth opportunities and market dynamics in key segments.
• Gain insights into key regulations governing the Panamanian insurance industry, and their impact on companies and the industry's future.

Key Highlights

• Panama is one of the fastest-growing economies in Central America and recorded the highest GDP growth rate (CAGR of 8.8%) in 2013
• The Panamanian insurance industry grew at a CAGR of 10.3% during the review period
• The new insurance law, Law 12 will open distribution channels and liberalize the insurance industry
• The widening of the Panama Canal will also increase water traffic, with approximately 4,750 additional ships annually
• Low penetration offers opportunities for new insurers to enter and participate in the industry
• The Panamanian insurance industry is supervised and regulated by Superintendencia de Seguros y Reaseguros de Panama (SSRP)
• The Panamanian insurance industry is moderately consolidated and consisted of 32 insurers in 2013
• SSRP increased the minimum paid capital requirement from US$2.0 million to US$5.0 million

Spanning over 161 pages, “The Insurance Industry in Panama, Key Trends and Opportunities to 2018” report covering the Executive Summary, Introduction, Panamanian Insurance Industry Overview, Industry Segmentation, Competitive Landscape, Economic Indicators, Appendix. The report covered companies are - ASSA Compañía de Seguros SA, Compañía Internacional de Seguros SA, Mapfre Panama SA, Assicurazioni Generali SpA, Pan American Life Insurance de Panama SA

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Reinsurance in Singapore, Key Trends and Opportunities to 2018, New Report Launched

The report provides in-depth market analysis, information and insights into the Singaporean reinsurance segment, including:

• The Singaporean reinsurance segment's growth prospects by reinsurance category
• Key trends and drivers for the reinsurance segment
• Singaporean reinsurance segment’s growth prospects by reinsurance ceded from direct insurance
• The competitive landscape in the Singaporean reinsurance segment

In terms of gross written premium, the Singaporean reinsurance segment grew at a compound annual growth rate (CAGR) of 8.9% during the review period (2009–2013), partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers. Growth was also supported by increased demand for reinsurance in key offshore markets following floods in Australia, China and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan, all of which made insurers in the affected countries keen to cede a greater proportion of their premium to reinsurers based in Singapore to avoid significant losses through future natural disasters.

Scope

This report provides a comprehensive analysis of the reinsurance segment in Singapore:

• It provides historical values for Singapore’s reinsurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categories in Singapore’s reinsurance segment, along with market forecasts until 2018.
• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Singaporean its growth prospects.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean reinsurance segment and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean reinsurance segment
• Identify the growth opportunities and market dynamics in key product categories
• Gain insights into key regulations governing the Singaporean insurance industry, and their impact on companies and the industry's future

Key Highlights

• In terms of gross written premium, the Singaporean reinsurance segment grew at a CAGR of 8.9% during the review period , partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers.
• Singapore is rapidly becoming a regional hub for reinsurance, with reinsurers operating in the state generating significant proportions their revenues from overseas markets.
• The Singaporean government offers incentives to reinsurers through its Offshore Insurance Business (OIB) scheme, the most widely used tax incentive in Singapore’s insurance industry.
• Offshore revenues were generated in the wake of significant losses from natural disasters during the review period, such as floods in Australia and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan.
• Over the forecast period, demand for reinsurance in Singapore is expected to increase due to the rapid development of the country’s high-profit-margin insurance industry, which performed strongly during the review period.

Spanning over 85 pages, “Reinsurance in Singapore, Key Trends and Opportunities to 2018” report covering the Key Facts and Events, Executive Summary, Introduction, Singaporean Insurance Industry Attractiveness, Reinsurance Growth Dynamics and Challenges, Key Industry Drivers, Competitive Landscape and Strategic Insights, Appendix–1, Appendix. The report covered companies are - Munich Re, Swiss Re, Asia Capital Re, Allianz SE, Scor Global Life SE, IAG Re, Everest Re, Odyssey Re, Partner Re Se, Scor Re Asia-Pacific

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Singapore’s personal accident and health insurance segment’s gross written premium is expected reach US$4.8 billion in 2018; Finds New Report

The report provides in-depth market analysis, information and insights into the Singaporean personal accident and health insurance segment, including:

• The Singaporean personal accident and health insurance segment’s growth prospects by insurance category
• Key trends and drivers for the personal accident and health insurance segment
• The various distribution channels in the Singaporean personal accident and health insurance segment
• The detailed competitive landscape in the personal accident and health insurance segment in Singapore
• Detailed regulatory policies of the Singaporean insurance industry
• Analysis of various consumer segments in Singaporean personal accident and health insurance
• Key developments in the Singaporean personal accident and health insurance segment
• New products launched by Singaporean personal accident and health insurers

Singapore’s personal accident and health insurance segment accounted for 11.7% of the industry’s gross written premium in 2013, with a value of SGD3.6 billion (US$2.8 billion). Fueled by economic expansion, a rapidly growing older population, a rise in outbound travelers, and favorable legislation, the segment posted a compound annual growth rate (CAGR) of 14.8% during the review period (2009–2013). These factors – coupled with the nationalization of the medical insurance scheme – are projected to support the segment’s growth over the forecast period (2013–2018). The segment’s gross written premium is expected to increase from SGD3.6 billion (US$2.8 billion) in 2013 to SGD6.1 billion (US$4.8 billion) in 2018, at a forecast-period CAGR of 11.3%.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Singapore:

• It provides historical values for the Singaporean personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categories in the Singaporean personal accident and health insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for personal accident and health insurance products in Singapore.
• It profiles the top personal accident and health insurance companies in Singapore and outlines the key regulations affecting them.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to Singaporean personal accident and health insurance segment and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean personal accident and health insurance segment.
• Assess the competitive dynamics in the personal accident and health insurance segment.
• Identify the growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Singaporean insurance industry and their impact on companies and the industry's future.

Key Highlights

• Fueled by economic expansion, a rapidly growing older population, a rise in outbound travelers, and favorable legislation, the segment posted a compound annual growth rate (CAGR) of 14.8% during the review period.
• In March 2013, the government amended its existing Medishield healthcare system, and renamed it: MediShield Life. The system aims to provide healthcare facilities to all Singaporeans, with wider coverage and life cover.
• Singapore also enacted a number of mandatory laws relating to workers’ protection.
• In order to strengthen the standards of risk management among insurers, the Monetary Authority of Singapore (MAS) issued a notice to develop Enterprise Risk Management (ERM) in 2013.
• Increasing levels of government healthcare expenditure, coupled with Singapore’s aging population, are likely to drive demand for health insurance over the forecast period.

Spanning over 245 pages, “Personal Accident and Health Insurance in Singapore, Key Trends and Opportunities to 2018” report covering the Key Facts and Events, Executive Summary, Introduction, Singaporean Insurance Industry Attractiveness, Personal accident and health segment Outlook, Analysis by Distribution Channel, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Appendix –1, Appendix – 2. The report covered companies are - AIA Singapore, NTUC Income, Great Eastern Life Assurance, Prudential Assurance, Aviva Ltd, AIG Asia Pacific, Tokio Marine Life Insurance, MSIG Insurance, Axa Insurance, Ace Insurance

Know more about this report at – http://mrr.cm/4wm

Non-Life Insurance in Singapore, Key Trends and Opportunities to 2018, New Report Launched

The report provides in-depth market analysis, information and insights into the Singaporean non-life insurance segment, including:

• The Singaporean non-life insurance segment’s growth prospects by non-life insurance category
• Key trends and drivers for the non-life insurance segment
• The various distribution channels in the Singaporean non-life insurance segment
• The detailed competitive landscape in the non-life insurance segment in Singapore
• Detailed regulatory policies of the Singaporean insurance industry
• Analysis of various consumer segments in Singaporean non-life insurance
• Key developments in the Singaporean non-life insurance segment
• New products launched by Singaporean non-life insurers

In terms of gross written premium, the Singaporean non-life insurance segment registered a compound annual growth rate (CAGR) of 10.4% during the review period (2009–2013). The growth was driven by strong demand from offshore markets, rising passenger car sales in the domestic market, expanding construction activity and sustained economic development. Significant public spending on infrastructure development also contributed to the growth. Since 2009, the government has spent approximately SGD15.0 billion (US$12.0 billion) annually on the development of physical infrastructure, which has had both a direct and indirect impact on the country’s financial sector. Positive economic trends, a favorable regulatory framework, continuous public spending on infrastructure development and healthy offshore business are likely to drive the non-life segment over the forecast period (2013–2018). The segment is expected to post a CAGR of 8.0% in 2018.

Scope

This report provides a comprehensive analysis of the non-life insurance segment in Singapore:

• It provides historical values for Singapore’s non-life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categories in Singapore’s non-life insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for non-life insurance products in Singapore.
• It profiles the top non-life insurance companies in Singapore and outlines the key regulations affecting them.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean non-life insurance segment and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean non-life insurance segment.
• Assess the competitive dynamics in the non-life insurance segment.
• Identify the growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Singaporean insurance industry and their impact on companies and the industry's future.

Key Highlights

• In terms of gross written premium, the Singaporean non-life segment registered a CAGR at 10.4% during the review period.
• Infrastructure financing continues to be a major contributor to the country’s financial markets.
• The Singaporean non-life segment in general, the property insurance category in particular, depended on key offshore markets.
• Agencies were the most popular distribution channel for non-life insurers in Singapore during the review period.
• The rising number of HNWIs doing business in Singapore is expected to attract larger foreign capital inward investment over the forecast period.
• Despite these growth opportunities, the segment is expected to face numerous challenges over the forecast period, with some of the most notable being related to the growth of insurance fraud, especially in the motor insurance category, and the country’s low-interest-rate environment.

Spanning over 279 pages, “Non-Life Insurance in Singapore, Key Trends and Opportunities to 2018” report covering the Key Facts and Events, Executive Summary, Introduction, Singaporean Insurance Industry Attractiveness, Non-Life Insurance Outlook, Analysis by Distribution Channel, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Appendix – 1, Appendix–2. The report covered companies are - Lloyd's Asia Scheme, First Capital, AIG Asia, Axa Singapore, NTUC Income, MSIG, RSA Insurance, India International Insurance, Allianz Global Corporate & Specialty SE, Tokio Marine Insurance

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