Life, Pension, Health & Disability Insurance Industry

1. Market Buzz

Renewed ‘Life’ in the Market

Golden Era -Yet to Come!

Bright Stars

International Growth - A High Priority factor

Declining Tax Benefits Shifting Base from Variable Annuities to Mutual Funds

Rising Healthcare Costs Prop Health Insurance Volumes

Reforming Global Health Care Industry - Opportunities Abound for Insurance

Prospects

New Products

2. Number Maze

Leading Merger Deals - 2005

Table 1: Global Insurance Industry (2005): Leading Insurance Deals By Deal Value in US$ Billion

Competitive Landscape

Table 2: World Life and Health Insurance industry (2005): Leading Public Companies by Assets in US$ Billion (includes corresponding Graph/Chart)

3. Life Insurance & Pensions - An Overview

Life Insurance Penetration

Advantages of Life Insurance

Key Segments

Term Life Insurance

Non-Guaranteed Term Life Insurance

Yearly Renewable Term Life Insurance

Convertible Term Life Insurance

Permanent Life Insurance

Whole Life or Ordinary Life Insurance

Universal Life Insurance

Variable Life Insurance

Variable Universal Life Insurance

Group Life Insurance

Annuity

Fixed Annuities

Variable Annuities

Straight Life Annuity

Joint and Survivor Annuity

Special Types of Life Insurance

Family Insurance

Senior Life Insurance

Juvenile Insurance

Credit Life Insurance

Mortgage Insurance

Key Terminology

Beneficiary

Cash Surrender Value

Dividend

Face Amount

Accelerated Death Benefit

Repercussions of the 9/11 Attack

Life Insurers: Dividing the Risk

Reinsurers Withdraw Catastrophe Coverage for Group Life

New Prerequisites for Group Life Underwriting

Small Life Insurance Firms on the Verge of Extinction

Life and Pensions - The Narrowing Line of Distinction

Types of Pension Funds

Ordinary or Collective Pension Funds

Internal Pension Funds

Open-End Pension Funds

Promoters Vary According to the Type of Pension Fund

Pension Fund Management

Important Features Required for Successfully Competing in PF Field

PF and Life Insurance - A Competitive Analysis

4. Health & Disability Insurance - An Overview

Health Insurance

Players in the Health Insurance Market

Types of Health Insurance Schemes

Health Insurance for Home-Business Owners

Buying Health Insurance

Golden Rules for Cost Cutting

Disability Insurance

Why Disability Insurance?

Broad Types of Disability Insurance

Conditional Renewable Policy

Non-Cancelable Policy

Guaranteed Renewable Policy

Plans Based on the Kind of Disability

Own-Occupation Disability

Income Replacement

Gainful Occupation

Types of Disability Policies Based on Term

Short-Term Income Protection Plans

Long-Term Income Protection Plans

Special Categories

Exceptional Student-Athlete Disability Insurance

The Physician’s Disability Insurance Market

Types of Disability Benefits

Employer-Paid Disability Benefits

Social Security Disability Benefits

Individual Disability Income Insurance Policies

Disability Insurance for Home-Business Owners

Social Security Disability

Consumer Preferences

Managed Disability

Integrated Disability

Alternatives to Disability Insurance

Association Coverage

Long-Term Care Coverage

Workers’ Compensation

Business Overhead Expense Insurance

Disability Buy-Out Insurance

Key Trends/Issues in the Sector

Determining Rates

Consolidation Wave Surges Ahead

Rise of Mental Health Issues

Reduction in Policy Limits

Impact of Terrorism

Contrasting Views

Small Case Market - Less Profitable?

Awareness of Products is the Key

Rise in Prices Fuels Cost Cutting

A Perspective of Distribution Trends

Profitable Relationships the Key

Internet as a Distribution Channel

Role of Brokers and Sales Representatives

Top Sales Representatives - Revenue Generators

Brokers - The Perennial Force

Worksite Marketing

Positioning of Disability Insurance

Voluntary Products - Boon or Bane

5. Regional Perspective

Snapshots of Life Insurance Market

5a. United States

Life Insurance - Good Going

Table 3: US Recent Past, Current & Future Analysis for Life Insurance: Direct Premiums Written in US$ Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)

Table 4: The US Life Insurance Industry: Per Capita Premium in US$, and Penetration of Insurance for 2006

Table 5: US Life/Health Insurance Market (2006 & 2007): Percentage Breakdown of Direct Premiums by Category for Annuities, Life Insurance, and Accident & Health Insurance (includes corresponding Graph/Chart)

Table 6: US Life/Health Insurance Market (2005 & 2006): Financial Asset Distribution of Insurers in US$ Billion by Category - Credit Market Instruments (Corporate and Foreign Bonds, U.S. Government Securities, Mortgages and Other Instruments), Corporate Equities, Money Market Fund Shares and Miscellaneous (includes corresponding Graph/Chart)

Table 7: US Life/Health Insurance Market (2005 & 2006): Percentage Breakdown of Financial Asset Distribution of Insurers (includes corresponding Graph/Chart)

Table 8: US Life/Health Insurance Industry (2006 & 2007): Percentage Breakdown of Investments by Category - Bonds, Mortgage Loans on Real Estate, Stocks, Contract Loans, Cash, Cash Equivalent and Short-Term Investments, Real Estate and Other Investment (includes corresponding Graph/Chart)

Table 9: US Recent Past, Current & Future Analysis for Individual Annuity Industry by Segment - Fixed and Variable Annuity Markets Independently Analyzed with Premiums in US$ Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)

A Surging Life Insurance Market

Health and Managed Care - Looking Up to 2007

Key Snapshots of Recent Past

Life Industry to Keep Afloat Amid Stringent Regulations

Life Insurance to Grow

Group Life Insurance Market: Gearing ‘Up’ Risk Profiles

Table 10: Leading Players in the US Life/Health Insurance Market (2006): Market Revenues in US$ Billion by Company for MetLife, Prudential Financial, New York Life Insurance, TIAA-CREF, Massachusetts Mutual Life Insurance, Northwestern Mutual, AFLAC, Genworth Financial, Unum Group and Principal Financial (includes corresponding Graph/Chart)

Table 11: US Individual Term Life Insurance Market (2006): Leading Players by Number of Policies Issued (In Thousands) - State Farm, American International, Citigroup, Direct General Group, Liberty National, Genworth Financial Group, American Family Corp., Protective Life Insurance, Old Mutual, and Northwestern Mutual (includes corresponding Graph/Chart)

Table 12: US Individual Whole Life And Endowment Insurance Market (2006): Leading Players by Number of Policies Issued (In Thousands) - Liberty National, Gerber Life Insurance Company, American International, State Farm, UnumProvident Life, AEGON USA Incorporated, Mutual of Omaha, Metropolitan Group, New York Life, Unitrin Group, American Family Corp., Northwestern Mutual, Allstate Insurance, Conseco, and Zurich Insurance Group (includes corresponding Graph/Chart)

Table 13: US Group Life Insurance Industry (2005 & 2006): Premiums in US$ Million for Select Companies - AIG, Hartford Life, Met Life, Prudential, Sun Life Financial, and Unum Provident (includes corresponding Graph/Chart)

Table 14: US Group Life Insurance Industry (2005): In Force Premiums in US$ Billion for Select Companies - Aetna Inc, AIG Life, Cigna, Hartford, Health Care Service, ING USA, Jefferson-Pilot, Metropolitan Life & Affiliated, NY Life, Prudential of America, Reliance Standard, Securian Finl Group, Standard Ins, Sun Life, and UnumProvident (includes corresponding Graph/Chart)

Table 15: US Individual Life Insurance Industry (2005 & 2006): Premiums in US$ Million for Select Companies - AIG, Ameriprise Financial, Genworth Financial, Hartford Life, Lincoln National, Met Life, Manulife, Nationwide Financial, Prudential, and Sun Life (includes corresponding Graph/Chart)

Table 16: Leading Players in US Individual Life Insurance Industry (2006): Percentage Market Share by Company - AIG, Ameriprise Financial, Genworth Financial, Hartford Life, Lincoln National, Manulife, Met Life, Nationwide Financial, Principal Financial Group, Protective Life, Prudential, Sun Life, and Others(includes corresponding Graph/Chart)

Table 17: US Individual Life Insurance Industry (2006): Percentage Breakdown of Sales by Distribution Channel - Stockbrokers and Financial Institutions, Personal- Producing General Agents & Brokers, Direct Response, and Affiliated(includes corresponding Graph/Chart)

Health Conscious Drives More Business in Healthcare Insurance Sector

Online Insurance Companies Go All Out to Convince Americans to Insure their Health

Rising Insurance Costs Pin down Health Insurance Levels

Compulsory Coverage for Children - It’s A State Affair

Employers Offering Integrated Healthcare schemes for Improving Productivity

Reinsurance: The ‘Life’ of ‘Life’

Table 18: US Life Insurance Industry (2004): Gross Premium Written (GPW) in US$ Billion by Leading Reinsurance Companies for General Re, Swiss Re USA, XL Reinsurance America, American Re, Everest Reins. Company, Transatlantic Re, Employers Re, Odyssey Re America, Berkley Insurance Co., Folksamerica and Others (includes corresponding Graph/Chart)

Health Insurance Companies Venture into the Expanding Individual Health Insurance Market

Life/Health Insurance Companies in Transition Mode

The Blues Turning Pale Due to Rising Mediclaim Costs

Reforms On Cards

Retirement Market Opens New Opportunities

Variable Annuity Market Faces Key Challenges

Attractiveness of Other Markets for Foreign Life Insurers

Demographic Forces Shaping Life Insurance Business in 2006

Market Overview

Sector Representation & Market Size

Regulatory Overview

Proposition 103 Keeps Insurance Rates in Check

US Life Insurance Companies on to Securitization

US - The Global Leader

Mature Life Market

Favorable Life Products in the US

Long-term care coverage

Supplemental Health Coverages

The New Disability Policies

Variable Annuities

Sale of Variable Annuities on the Rise

Table 19: US Variable Annuity Industry (2006): Sales of Variable Annuities in US$ Billion by Leading Players

Table 20: US Insurance Industry: Net Assets of Variable Annuities in US$ Billion for the Years 2005, 2006 and 2007 (includes corresponding Graph/Chart)

Table 21: US Insurance Industry (2006 & 2007): Percentage Breakdown of Variable Annuity Sales by Distribution Channels - Independent NASD Firms, Captive Agents, Banks/Credit Unions, New York Wirehouses, Regional Investment Firms and Direct Response (includes corresponding Graph/Chart)

Table 22: US Equity Index Annuities Market (2006 & 2007): Percentage Market Share of Total Sales by Company - Allianz Life, AVIVA, ING, Old Mutual, Midland National Life, American Equity, Equitrust, Jackson National Life, Jefferson-Pilot, Sun Life and Others (includes corresponding Graph/Chart)

Whole Life Or Term? - The Question of Insuring Life

Table 23: US Life Insurance Industry (2003 & 2004): Percentage Value Breakdown of Life Insurance Product Sales by Universal Life, Whole Life, Variable Universal Life, Level Premium Term, Variable Life, Annual Renewable Term and Other Term (includes corresponding Graph/Chart)

Life Cycle of Life Insurance Products

First Stage

Second Stage

Third Stage

Fourth Stage

Fifth Stage

Universal Life Products Market

Group Universal Life Insurance in the US

Ordinary Life Insurance Policies

Variable Life Insurance

Hard Times Lie Ahead

Reasons for Low Sales of VL

Mutual Life Insurance - A Past Perspective

Healthy Growth for Separate-Account

Good Run Comes to an End

Demutualization Shrinks Market

Sales of Single Premium Life on the Rise

Banks’ Premium Sales On a Declining Spree

Term Life Insurance Rates to Decline

Premium Rates on Southward Journey

Graying Baby Boomers Offer Brighter Opportunities

Unprecedented Shift in the US Population

Table 24: Reversal of the Demographic Balance in the US: 1970-2020e (Millions) (includes corresponding Graph/Chart)

Senior Citizen Population in the US

Table 25: Financial Products Ownership by Senior Citizens

Table 26: Financial Products Ownership by Senior Citizens

Cell-Phone Related Health Risk - Insurers and Policyholders Cross Swords

Restructuring of Life Market

Life Insurers Collect Fee Income

Terror Strikes Lives

Affect of AIDS

Working Women: A Potential Market

Disputes in the Life Insurance Industry

Distribution Systems in Life Insurance

Distribution Pattern of the US Life Insurance Sector - A Glance

Changing Face of Distribution

Table 27: US Insurance Industry (2006 & 2007): Percentage Breakdown of Sales of Individual Annuities by Distribution Channels - Career Agents, Financial Planners/ Independent Broker-Dealers, Independent Agents, Banks, Stockbrokers, Direct Response and Others (includes corresponding Graph/Chart)

Table 28: US Life Insurance Market (2006): Percentage Breakdown of Immediate Annuity Sales by Distribution Channel -Broker/Dealers, Captive Agents, Independent Producers, Banks & S&Ls, and Others(includes corresponding Graph/Chart)

Table 29: Principal Distribution Channels by Market Share for US Life Insurance (2004) (includes corresponding Graph/Chart)

Customer Needs and Values

Market and Competitive Dynamics

Internal Capabilities and Constraints

Strategy, Goals and Objectives

Challenges Confronting the Industry

Regulatory Hurdles

Drawbacks of the Life Insurance Market

Factors to Improve Performance

Tapping the Market with New Products

Insurance Broker Industry in 2006 and Outlook for 2007

Numbers Speak

Table 30: US Insurance Industry (2006): Indexed Universal Life Insurance Sales in US$ Million for Select Companies - AEGON, Allianz Life, AVIVA, Conseco, Lafayette Life, Midland National life, National Life Group, Old Mutual Financial Network, and Pacific Life Companies (includes corresponding Graph/Chart)

Table 31: US Insurance Industry (2005): Percentage Breakdown of Equity Indexed Life Insurance Sales for Aegon Companies, AIG, AmerUs, Allianz, Conseco, Lafayette, LSW/Natl Life Vt, Midland National, Old Mutual, Pacific Life, and Others (includes corresponding Graph/Chart)

Table 32: US Life/Health Insurance Market by Type for 2003: Net premiums Written (In US$ billion) for Life, Annuity, Accident & Health, Contract Funds (Deposit-Type), and Others (includes corresponding Graph/Chart)

Table 33: Premiums for US Life/Health Insurance Market by Product Line for 1998 and 2002 (in US$ Billion) (includes corresponding Graph/Chart)

Table 34: US Worksite Life Insurance Market in 2003 (*): Sales ($ Million) of Worksite Life Insurance for Life Disability, Accident, Critical Illness, Dental, Long-term Care, Hospital Indemnity, and Others (includes corresponding Graph/Chart)

Table 35: Universal Life Sales in the US: 2000-2003 (in $ Million) (includes corresponding Graph/Chart)

Table 36: Leading Players in the US Universal Life Insurance Market by Market Share: 2004 (includes corresponding Graph/Chart)

Table 37: Leading Players in US Ordinary Life Insurance Market (2003): Amount Issued in Dollars and % Change (YoY) for AIG Life Group, Protective Life Corp, Northwestern Mutual Group, Citigroup, Aegon USA Inc, NY Life Group, State Farm Group, Metropolitan Life & Affiliated, Genworth Finl Group, and Prudential of AmericaGroups (includes corresponding Graph/Chart)

Table 38: Ordinary Life Insurance Sales in the US by Type of Insurer: 2000 (In US$ Billion) (includes corresponding Graph/Chart)

Leading Players

Table 39: Leading Players in the US Term Life (In -Force) Market (2005): Premium Value in US$ Billion for Aegon USA Inc, Lincoln Natl Corp, ING USA Life Group, Metropolitan Life & Affiliated Cos, and Swiss Reins Group (includes corresponding Graph/Chart)

Table 40: Leading Players in the US Term Life Market (2005): Value in US$ Billion by Term Life Issued by Company - AIG Life Group, Genworth Finl Group, Northwestern Mutual Group, Primerica Group, and State Farm Life Group (includes corresponding Graph/Chart)

Table 41: US Life Insurance Market (2005): Premium in US$ Billion for American Life, AKA EquiTable Life, Allianz Life, American Family Life, Lincoln National Life, Massachusetts Mutual Life, Metropolitan Life, Northwestern Mutual Life, Prudential Insurance Co, and United Healthcare Insurance(includes corresponding Graph/Chart)

Table 42: US Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Metropolitan Life & Affiliated, AIG, Hartford Life, ING, Prudential of America, AEGON, Equitable, New York Life, MassMutual Financial, and Manulife Financial (includes corresponding Graph/Chart)

Table 43: US Life Insurance Industry (2003 & 2004): Percentage Value Breakdown of Retail Life Insurance Sales by Leading Companies for New York Life, Northwestern Mutual, AIG-American General, John Hancock/ManuLife Financial, ING Life Companies - U.S., Aegon USA, Pacific Life, MetLife Companies, State Farm Life, AXA Financial/MONY and Others (includes corresponding Graph/Chart)

Table 44: Leading Players in US Life Insurance Market (2002 & 2003): Individual Life Premiums (In $000) and % Change (YoY) for Northwestern Mutual Life Insurance Co., American Life Insurance Co., Prudential Insurance Co. of America, Metropolitan Life Insurance Co., New York Life Insurance Co., Massachusetts Mutual Life Insurance Co., State Farm Life Insurance Co., EquiTable Life Assur. Society of the US, Guardian Life Insurance Co. of America, and Swiss Re Life & Health America, Inc. (includes corresponding Graph/Chart)

Table 45: Leading Players in US Life Insurance Market (2002 & 2003): Group Life Premiums (In $000) and % Change (YoY) for Metropolitan Life Insurance Co., Prudential Insurance Co. of America, Massachusetts Mutual Life Insurance Co., Aetna Life Insurance Co., Connecticut General Life Insurance, Minnesota Mutual Life Insurance Co., UNUM Life Insurance Co. of America, New York Life Insurance Co., Hartford Life & Accident Insurance, and Life Insurance Co. of North America (includes corresponding Graph/Chart)

Table 46: Leading Players in the US Individual Term Life Insurance Market by Percentage Market Share for 2003(includes corresponding Graph/Chart)

Table 47: Leading Players in the US Credit Life Insurance Market (2005): Premiums in US$ Billion for Aegon USA Inc, AIG Life Group, Amer Natl Group, Assurant, Citi Assur Svcs Group, Cuna Mutual Group, HSBC Ins Group, Life of the South Group, Protective Life Corp, and Securian Finl Group(includes corresponding Graph/Chart)

Table 48: Leading Players in US Credit Life Insurance Market (2003): Insurance in Force for Cuna Mutual Group, Assurant, AIG Life Group, Household Ins Group, Citigroup, Protective Life Corp, Metropolitan Life & Affiliated, Combined A&H Group, Aegon USA Inc, and MN Mutual Groups (includes corresponding Graph/Chart)

Table 49: Leading Players in US Insurance Market (2002 & 2003): Individual Annuity Premiums (In US $Million) and % Change (YoY) for Hartford Life & Annuity Insurance Co., Allianz Life Ins. Co. of North America, Metropolitan Life Insurance Co., Pacific Life Insurance Co., Teachers Ins. & Annuity Assoc. of America, Hartford Life Insurance Co., Jackson National Life Insurance Co., Transamerica Life Ins. Co., Allstate Life Insurance Co., and Lincoln National Life Insurance Co. (includes corresponding Graph/Chart)

Table 50: Leading Players in US Life Insurance Market (2001 & 2002): New Life Insurance Premiums (In US$ million) Sold through Banks - Liberty Life, Aegon, Allstate Financial, CGU Life, Nationwide, Golden Rule, First Penn-Pacific, Hartford, CUNA Mutual, and AXA (includes corresponding Graph/Chart)

401(K)/Retirement PLANS - Pension Products Take the Center Stage

Market Perspective

Variable Annuity

Market Overview

Table 51: Sales of Variable Annuity: 1997- 2003 (includes corresponding Graph/Chart)

Table 52: US Life Insurance Market (2005): Percentage Breakdown of Variable Annuity Sales for AIG/SunAmerica/ VALIC, Axa Financial/MONY, TIAA-CREF, Hartford Life, ING Group, John Hancock Life, Lincoln National Life, MetLife, Pacific Life, Pru/American Skandia, and Others(includes corresponding Graph/Chart)

Table 53: US Life Insurance Market (2006): Percentage Breakdown of Variable Annutiy Sales by Distribution Channel - Bank/Credit Union, Captive Agency, Direct Response, Independent NASD Firms, New York Wire Houses, and Regional Investment Firms (includes corresponding Graph/Chart)

Table 54: US Leading Variable Annuity Issuers by New Sales in US$ Billion: 2003 (includes corresponding Graph/Chart)

Resurgence Through Consolidation and Diversification

Potential Base Innovations

The Plans ‘n’ the Benefits

Annuities: ‘Variable’ Performances

Bonus Annuities Make Rapid Inroads

Wrap Programs

Distribution of VA - Refocus for the Better

Table 55: Key Distribution Channels for Variable Annuities in the US in %: 2001, 2000 & 1999 (includes corresponding Graph/Chart)

Outlook

Fixed Annuities

Table 56: US Life Insurance Industry (2006): Percentage Breakdown of Fixed Annuity Life Insurance Sales by Leading Companies - Allianz Life, American Equity, AVIVA, Equitrust, ING, Jackson National, Jefferson-Pilot, Midland National, Old Mutual, Sun Life, and Others(includes corresponding Graph/Chart)

Drop in Sales of Index Annuity

Table 57: US Life Insurance Industry (2006): Percentage Breakdown of Equity Indexed Annuity Sales for Allianz Life, American Equity, AmerUs Group, EquiTrust, ING, Jackson National Life, Jefferson-Pilot, Old Mutual, Midland National Life, Sun Life, and Others (includes corresponding Graph/Chart)

Table 58: US Life Insurance Industry (2003 & 2004): Percentage Value Breakdown of Fixed Annuity Life Insurance Sales by Leading Companies for AIG, Allianz, Allstate, New York Life, ING, Old Mutual, Jackson National (Prudential UK), Genworth Financial, Aegon, and Sun Life (includes corresponding Graph/Chart)

Bank Annuities

Table 59: US Fixed Annuities Market (2006): Sales of Fixed Annuities Through Banks for Leading Players in US$ Million (includes corresponding Graph/Chart)

Table 60: US Variable Annuities Market (2006): Sales of Variable Annuities Through Banks for Leading Players in US$ Million (includes corresponding Graph/Chart)

Table 61: Leading Individual Annuity Sellers Through Banks in the US: 2002 & 2003 (In US$ Billion) (includes corresponding Graph/Chart)

Offshore Annuities

Benefits Galore

Offshore Variable Life Insurance - Holds Much Promise

Bar on Direct Solicitation Takes its Toll

Transparency Takes the Curtains Off

The Call for ‘Clean Money’

Health Insurance - Pegging High Hopes on the Health Care Industry’s Transformation

A Troublesome Health Insurance Sector

An Eye on the Healthcare Sector

Healthcare Industry - A Backgrounder

Medical Indemnity - Unto What?

Nursing Home Liability

Class Action Lawsuits

Decisions Facing the Indemnity Companies

Managed Care Trends

The Negatives

Solutions New and Old

Innovative Approaches

Integration of Group Medical Benefits and Workers’ Compensation

Types of Health Insurance Policies

Medical Expense Plans

Freedom-Of-Choice Plans

Preferred Provider Organization (PPO) Plans

Health Maintenance Organizations (HMOs)

Changing Relationships of the Insurers and the HMOs

The HMO - PPO (Preferred Provider Options) Standoff

Factors Fueling PPO Growth

The Winner to Be

Short-Term Health Insurance

Catastrophic Health Insurance

Traditional Fee-for-Service Coverage

Point-of Service (POS)

COBRA

Long-Term Health Care in the US

Expenses of Long Term Care

Demand for LTC Insurance Likely to Prop Up

Long-Term Insurance Products in US - A Brief

LTC-Linked Insurance in US: The Trusted Companion During Uncertain Times

LTC Insurance Witnesses Rapid Consolidation and Stricter Underwriting

Sources of Funding

LTC Vs Disability Income

LTC Insurance VS Other Investments - US Market Scenario

Division of Long Term Care Insurance by Product

What are Viatical Settlements?

Rampant Unfamiliarity

Market Characteristics

A Bi-Polar Market

PPOs Rule the Market

Individual Health Insurance Market at a Glance

Group Health Insurance

Medicaid Spending Trends / Projections

Table 62: Annual US Medicaid Expenditure Projections: 2001 - 2010 (In US$ Billion) (includes corresponding Graph/Chart)

Health Reinsurance - A Costly Affair?

Key Factors Driving Cost Increases

Coverage Limits

Self-Insured Sitting Pretty

Changing Face of the Health Reinsurance

Viability of Genetic Testing

Understanding Technology Boosts Insurance Market

Women and Health Insurance

Table 63: Health Insurance Coverage by Type for US Women Aged 18-64: 2001 (includes corresponding Graph/Chart)

Table 64: Insured Women’s (18-64 Yrs) Healthcare Plans in the US: 2001 (includes corresponding Graph/Chart)

Table 65: Demographical Study of Women Lacking Health Insurance: 2001 (includes corresponding Graph/Chart)

Number of Women Without Health Insurance on a Rise

State Children's Health Insurance Program (SCHIP)

A Drain on Medicaid Budgets

Eligibility Parameters

The Medicare + Care Choice Program

Health Insurance - A Historic Perspective

Online Enrolment for Health Benefits on the Rise

Employer-Sponsored Health Insurance

Snapshots

Table 66: Breakdown of Covered Employees in the US by Type of Coverage & Employer Size: 2001 (In %) (includes corresponding Graph/Chart)

Three-Tier Health Plans

MEDICAID in the US

Medicare Costs More

Concerns Over Rising Health Insurance Costs

Table 67: Factors Contributing to Rising Health-Care Costs: On a Scale 1 - 10 (includes corresponding Graph/Chart)

Table 68: Leading Healthcare Plans in the US: 2001 (In Millions) (includes corresponding Graph/Chart)

Health Maintenance Organization (HMO) Segment

Health-Maintenance Organizations in Colorado Report Losses

HMOs Implement Disease Management Programs

HMOs Pay More to Hospitals

Key Trends in the 90s

Uninsured Americans - A Perspective

Table 69: Uninsured (Health Insurance) American Population: 1996 - 2000 (includes corresponding Graph/Chart)

Table 70: Uninsured (Health) US Population - Breakdown by Different Characteristics: 2000

Table 71: Children Lacking Health Insurance in the US by Different Characteristics: 2000 (includes corresponding Graph/Chart)

Uninsured Workers in the US

Challenges Facing Healthcare Insurers

Overweight Individuals Face Higher Insurance Premiums

Baby Boom Generation Faces Expensive Healthcare Services & Inadequate Insurance

Growing Convergence of Life and Health Sectors

Table 72: US Life/Health Insurance Industry (2004): Leading Companies by Revenues in US$ Billion for MetLife, Prudential Financial, New York Life Insurance, TIAA-CREF, Mass. Mutual Life Ins., Northwestern Mutual, AFLAC, UnumProvident, Guardian Life of America, and Principal Financial (includes corresponding Graph/Chart)

Table 73: US Life/Health Insurance Industry (2004): Leading Companies by Assets in US$ Billion for Prudential Financial, MetLife, TIAA-CREF, New York Life Insurance, Mass. Mutual Life Ins., Northwestern Mutual, Lincoln National, Principal Financial, Pacific Life, and AFLAC (includes corresponding Graph/Chart)

Table 74: Leading Players in US Life and Health Insurance Market (2002): Premium Income (In US$ Billion) for Metropolitan Life Insurance Co., EquiTable Life Assur. Society of the US, Prudential Insurance Co. of America, Massachusetts Mutual Life Insurance Co., Hartford Life & Annuity Insurance Co., Nationwide Life Insurance Co., United Healthcare Insurance Co., American Life Insurance Co., Northwestern Mutual Life Insurance Co., and American Family Life Assur. Co. Columbus (includes corresponding Graph/Chart)

Table 75: US Health Insurance Market (2003 & 2004): Leading Companies Ranked by Revenues (In US$ billion) for UnitedHealth Group Inc., WellPoint Health Networks Inc., CIGNA Corp., Aetna Inc., and Anthem Inc. (includes corresponding Graph/Chart)

Table 76: Leading Players in US Health Insurance Market (2002): Group Accident and Health Insurance Premiums for United Healthcare Insurance Co., Connecticut General Life Insurance Co, Health Care Svc. Corp., Guardian Life Insurance Co. of America, Aetna Life Insurance Co., Metropolitan Life Insurance Co., Humana Ins. Co., Principal Life Insurance Co., Blue Crass & Blue Shield of Fla., and Anthem Health Plans of Va., Inc. (includes corresponding Graph/Chart)

Disability Insurance - Outgrowing the Realms

Disability Market - Untapped Potential

A Key Life Segment

Features of Group Disability Income Programs

Table 77: Leading Group Disability Insurers in the US (2006): Premiums in US$ Billion for Aetna, Assurant, Cigna, Guardian, Hartford Life, Lincoln Financial Group, Metlife, Standard Insurance, Reliance Standard, and Unumprovident (includes corresponding Graph/Chart)

Table 78: Leading Players in the Long Term Disability Insurance Market: 2003 (includes corresponding Graph/Chart)

Table 79: Leading Players in the Short Term Disability Insurance Market: 2003 (includes corresponding Graph/Chart)

An Artificial Demand?

Changes in the Disability Market

Potential of the Disability Insurance Market

Hard Long-Term Disability Insurance Market

Limiting Disability Claim Payments

Individual Disability Insurance Market Makes a Turnaround

Non-Cancelable Disability Income Insurance

Mental Disorders - Adding a New Dimension to Disability Insurance

The Cause and the Solution

5b. Canada

First to Market ‘Life’ Overseas

M & A and Overseas Sales: Driving the Market

Highlights

Disability Industry Shows Glimpse of Maturity

Market Overview

Table 80: Canadian Recent Past, Current & Future Analysis for Life Insurance Industry with Annual Premium Income in US$ Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)

Larger ‘Life’

Canadian Life Market - A Brief

Market Size & Representation

Table 81: Life Insurance Industry in Canada: Per Capita Premium in US$, and Penetration Rate for 2006

Health Care Scenario

Disability Insurance Plan

Regulatory Bodies

Insurance Bureau of Canada

Insurance Rate System

Distribution/Marketing Channels

The Traditional Channel

Career Agency System

Direct Brokerages

The Contemporary Channel

National Distribution Model

Distribution Consolidators

Bank Distribution

IDA Firms Witness Decline in Insurance Sale

Insurance Crimes on Rise

Life Insurance Competitive Scenario

Table 82: Canadian Group Life Insurance Market (2006): Net Written Premiums in C$ Million by Leading Companies for Sun Life Assur Co, Manufacturers Life, Munich Reins Co, Great-West Life, Co-operators Life, London Life, Industrial Alliance, Industrial-Alliance Pacific Life, CA Life, and Cumis Life (includes corresponding Graph/Chart)

Table 83: Canadian Individual Life Insurance Market (2006): Net Written Premiums in C$ Million by Leading Companies for Sun Life Assur Co, Manufacturers Life, London Life, Industrial Alliance, Munich Reins Co, CA Life Assur Co, Transamerica Life, RBC Life, Great-West Life, and CA Life Ins Co (includes corresponding Graph/Chart)

Life Insurance Competitive Scenario - A Recent Past Overview

Leading Players by Net Written Premium

Table 84: Canadian Life Insurance Industry (2004): Percentage Share Breakdown of Net Written Premium by Leading Players for Sun Life of Canada, Manufacturers Life, Canada Life, London Life, Great-West Life, and Others (includes corresponding Graph/Chart)

Market Stats - A Review of Past

Leading Players by Gross Written Premium

Table 85: Canadian Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Sun Life of Canada, Manufacturers Life London Life, Canada Life Financial Corp., Industrial Alliance, Maritime Life, Desjardins Financial, Transamerica Life, Empire Life, and RBC Life (includes corresponding Graph/Chart)

Table 86: Top-Five Players in the Canadian Life Insurance Industry (2002) - Gross Written Premiums in US$ Million for Sun Life of Canada, Manulife Financial, London Life, Industrial-Alliance Life, and The Canada Life (includes corresponding Graph/Chart)

Leading Players by Assets

Table 87: Canadian Life Insurance Industry (2003): Leading Players by Assets in Can$ Million for Sun Life of Canada, Manufacturers Life, Canada Life, London Life, Great-West Life, Industrial Alliance Life, Maritime Life, Desjardins Financial, IOF Foresters, and Transamerica Life Canada (includes corresponding Graph/Chart)

Table 88: Canadian Life Insurance Industry (2000): Leading Companies by Assets Under Management in US$ Billion for Sun Life Financial Services, Manulife Financial, Great-West Lifeco, Canada Life Financial, and Clarica Life Insurance (includes corresponding Graph/Chart)

Focus on Select Players

Canada Life Assurance Co.

Great-West Lifeco Inc. - A Leading Canadian Life/Health Insurer

Manulife Financial Corp.

Sun Life Financial

5c. Japan

Market Size & Representation

Table 89: Japanese Recent Past, Current & Future Analysis for Life Insurance Industry with Annual Premiums in US$ Billion for Fiscal Years 2005 through 2010 (includes corresponding Graph/Chart)

Table 90: Japanese Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life and Non-Life

Non-Payment Issues Hit the Japanese Life Insurance Industry

De Mutualizing of Insurance Companies: Demoralizing Consumer Interests?

Recovery: Hope or Hype?

Deregulation Shakes the Market Lull

Table 91: Japanese Life Insurance Market (FY2005-Y2007E): Percentage Breakdown of Total Premium Income by Category for Individual Insurance, Individual Annuity, Group Insurance, Group Annuity, and Others (includes corresponding Graph/Chart)

Table 92: Japanese Life Insurance Industry (FY2000-FY2006): Total Assets By Value in ¥ Billion (includes corresponding Graph/Chart)

Table 93: Japanese Life Insurance Industry (FY2005 & FY2006): Total Business in Force (In ¥ Billion) by Individual Insurance, Individual Annuity, Group Insurance, and Group Annuity (includes corresponding Graph/Chart)

Table 94: Japanese Life Insurance Industry (FY2005 & FY2006): Total Payments in ¥ Billion by Benefits, Annuity, Repayments, and Others (includes corresponding Graph/Chart)

A Peek into Vital Stats

Challenges Facing Japanese Life Insurance Sector

Foreign Players Eye the Takeover of Domestic Life Insurers

Foreigners’ Reign

Structure of the Life Insurance Industry

Review of Past Trends and Issues

Japan’s Favoritism to Kampo Met with Hot Opposition

Sluggish Economy Lags Growth in the Insurance Market - A Late 90’s Scenario

Deregulation of the Insurance Industry: Flagged off in the Year 1996

Deregulation Shakes Up the Laxity in the Market

Competitive Scenario

Table 95: Japanese Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Nippon, Dai-ichi, Meiji Yasuda, Sumitomo, ALICO Japan, Daido, Mitsui, American Family, Taiyo, and Fukoku (includes corresponding Graph/Chart)

Table 96: Top-Five Players in the Japanese Life Insurance Market (2002) - Gross Written Premiums in US$ Million for Nippon, Dai-Ichi, Sumitomo, Meiji, and Yasuda (includes corresponding Graph/Chart)

Personal Health Insurance is the Mainstay

Medical Insurance - A Sunrise Opportunity?

Ongoing Shift

Medical Expenditure: Spiraling Up

Table 97: Medical Expenditures in Japan: 2000 - 2005 (includes corresponding Graph/Chart)

Table 98: Health Insurance Market Size in Japan (*): 2000 & 2005 (¥ Trillion)

High-Risk Medicare Boosts Private Medical Insurance

Table 99: Rising Popularity of Disease Specific Riders in Japan (2003-2004) (includes corresponding Graph/Chart)

High Cost Medicare Props Personal Accident Insurance

Focus on Select Japanese Players

Asahi Mutual Life Insurance

Dai -ichi Mutual Life Insurance

Meiji Yasuda Life Insurance - Leading Life Insurer in Japan

Nippon Life Insurance Co.

Sumitomo Life Insurance

Sompo Japan Insurance Inc.

5d. Europe

Market Overview

Table 100: European Recent Past, Current & Future Analysis for Life Insurance Industry with Annual Premium Income in US$ Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)

Table 101: European Recent Past, Current & Future Analysis for Life Insurance Industry by Leading Country/Region - United Kingdom, France and German Markets Independently Analyzed with Annual Premium Income in US$ Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)

Changing Face of the European Insurance Market

Life Insurance on the Surge

Table 102: European Life Insurance Market (2005): Percentage Breakdown of Premiums by Country - Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Spain, Sweden, Switzerland, United Kingdom, and Others(includes corresponding Graph/Chart)

Table 103: European Life Insurance Market (2005): Percentage Breakdown of Insurance Contracts by Individual and Group Segments for France, Germany, Italy, UK, and Spain (includes corresponding Graph/Chart)

Table 104: European Life Insurance Market (2005): Percentage Breakdown of New Individual Life Contracts by Segments - Annuity, Protection, and Savings (includes corresponding Graph/Chart)

Table 105: Leading Players in European Life Insurance Market (2006): Percentage Market Share of APE (Annual Premium Equivalent) by Unit-Linked Products, and Fixed-Rate Products for Aegon, AGF, Allianz, AXA, CNP, Generali, Fortis, and ING 2004: Earnings Clouded by Underwriting Concerns (includes corresponding Graph/Chart)

2004: Earnings Clouded by Underwriting Concerns

Life Investments Form Major Portion of Insurance Investments

Fast Facts

Table 106: Life Insurance Market (2002-2005): Premium Income (in € Billion) by Major European Countries - United Kingdom, France, Germany, and Italy (includes corresponding Graph/Chart)

Deregulation Regulating the Market’s Growth?

Cross Border Life Operations - A Boon to Life Insurers

UK Leads the Way

Aging Population Fuels Sales

Bancassurance Denting Life Insurers’ Revenues

An Overview of the Pension Market in the Six Largest EU States

Ageing Population Thumps the Pension Regimes

Public Pensions Systems Under Pressure

Alarming Pension Expenditure

Saving Rates

Compulsory Pension Saving - A Hugely Relied Income

Dominance of PAYG System

Occupational Pensions (Voluntary Schemes)

Personal Pensions and Other Retirement Saving (Voluntary Schemes)

Non-Contributory (Means-Tested) Pensions

Fresh Funded Pension Products

Flooding Tax-Benefits

Advocating for Company-Based Pensions

European Pension Reforms

Pension Sector Outlook for Select EU Countries

France

Germany

Italy

United Kingdom

Spain

Poland

Challenges Faced by the Life and Pensions Market in Europe

Regulations

Europe’s ‘Lisbon Strategy’ Relaunched

Changing Distribution Channels

Emergence of Bancassurance

Factors Influencing Growth

What’s in Store?

A Wide Network of Distribution Channels

A Tightening Regulatory Environment

New Competition Rules in the Insurance Industry

Insurance Intermediation

Taxation of Insurance Premiums

New Guidelines in Germany

Reverberations in European Union

European Union to Withdraw State Cover for Airlines

Historic Review

Table 107: Key Nations for Life Insurance in Europe: 2000 (In US$ Billion) (includes corresponding Graph/Chart)

Quality Vs Cost - The Perennial Problem Drives the Health & Disability Insurance Market

5d(i). Key European Markets

A.German Market

Europe’s Largest Life Insurance Market

Table 108: German Recent Past, Current & Future Analysis for Life Insurance Industry with Annual Premium Income in US$ Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)

German Insurance Industry - A Market Summary

Life Insurance Market Trends in Germany - Review of First Half of 2006

German Health Insurance Industry - Market Statistics of 2005 & First Half of 2006

Table 109: German Life Insurance Industry: Per Capita Premium in US$, and Penetration of Insurance for 2006

Insurance Penetration in German Households

Table 110: German Insurance Industry (1991-2004): Insurance Penetration Rate in German Households (In %) (includes corresponding Graph/Chart)

Highlights

Table 111: German Life Insurance Industry (2007 & 2008): Percentage Breakdown of Premiums by Category - Endowment, Annuities & Pensions, Unit-Linked Endowment & Annuity, Collective Policies and Supplementary Insurance (includes corresponding Graph/Chart)

Table 112: German Life Insurance Industry (2005): Percentage Breakdown of Premiums by Category - Annuities & Pensions, Collective Policies, Endowment Insurance, Supplementary Insurance, and Unit-Linked Endowment & Annuity Insurance (includes corresponding Graph/Chart)

Table 113: German Life Insurance Industry (2005): Percentage Value Breakdown of Life Annualized New Business by Business Type - Individual Insurance Contracts (Annuities & Pension, Dependency Annuity, Disability, Endowment, Term Insurance, Others) and Group Insurance Contracts (Endowment, Residual Debt, Term Insurance, and Others)

Table 114: German Life Insurance Industry: Gross Written Premium in US$ Billion for 1999-2002 (includes corresponding Graph/Chart)

Consolidation Scenario

Significance of a Single Market

Table 115: Number of Insurers Operating in the German Life Insurance Industry (1990-2003) (includes corresponding Graph/Chart)

Regulatory Reforms: Taxing the Future of Life?

Health Insurance & Pension Schemes Cover Major Share of Cancer Costs

Market Players

Table 116: Leading Players in German Life Insurance Market (2004): Percentage Market Share by Company - Allianz, AXA, Debeka, Generali, HDI (Talanx), Munich Re, R+V, Zurich, and Others (includes corresponding Graph/Chart)

Table 117: German Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Allianz Leben, Hamb. Mannheimer LV, Aachener/Mchn Leben, R+V Lebensvers AG, DT. Herold Leben, Victoria Leben, Volksfursorge DT LV, Axa Leben, Debeka Leben, and Gerling- K. Leben (includes corresponding Graph/Chart)

Table 118: Leading Players in the German Life Insurance Market (2002) - Gross Written Premiums in US$ Million for Allianz Leben, Aachener/Mchn. Leben, Hamb. Mannheimer LV, R+V Lebensvers. AG, and DT. Herold Leben (includes corresponding Graph/Chart)

Outlook

Direct Writing

IDW’s Guidelines

The Pension Sector

Compulsory Pension (Contributory State Pension)

Occupational Pension (Voluntary)

Types of Occupational Pension

Book Reserves

Retirement Funds (Pensionskasse)

Direct Insurance

Support Fund

Pension Fund

Personal Pensions and Other Retirement Savings (Voluntary)

Insurance Pools

Protektor Lebensversicherungs-AG

Essential Features of Protektor AG

Health Insurance Market Highlights

Table 119: German Health Insurance Industry: Gross Written Premium in US$ Billion for 1999-2003 (includes corresponding Graph/Chart)

Table 120: Number of Insurers Operating in the German Health Insurance Industry (1990-2003) (includes corresponding Graph/Chart)

Private Health Insurance Sector

Table 121: German Private Health Insurance Market (2005): Premiums in Euro Billion) by Business Segment - Health Insurance (Daily Benefits Insurance, Independent Hospital Cash Schemes, Medical Expenses Insurance, Special Types of Insurance, and Other Independent Partial Insurances) and Compulsory Long-Term Care Insurance (includes corresponding Graph/Chart)

Private Health Funds Receive Boost

Health Insurance and Insurers’ Predicament

A Mid 90’s Perspective

Major Players

DKV Deutsche

Signal

DKV Deutsche Krankenversicherung - One of the Leading German Insurers

Debeka Krankenversicherungsverein - A Leading Insurer in Germany

B. French Market

France: A Leading European Life Insurance Market

New Products Drive Growth

Table 122: French Recent Past, Current & Future Analysis for Insurance Industry with Annual Premium Income in US$ Billion for the Years 2006 through 2010 includes corresponding Graph/Chart)

Table 123: French Life Insurance Industry: Per Capita Premium in US$ and Penetration of Insurance for 2006

Life Insurance Highlights

The Market Leaders

Table 124: Leading Players in French Life Insurance Market (2006 & 2007): Percentage Market Share of Premiums by Company - CNP, Crédit Agricole, Axa, Generali, BNP and Others (includes corresponding Graph/Chart)

Table 125: French Life Insurance Market (2002): Total Premium Income by Category in Euro Billion (includes corresponding Graph/Chart)

A Fragmented Market

Table 126: Number of Insurance Companies Operating in France (2002-2003) (includes corresponding Graph/Chart)

Health Insurance

Foreign Re-insurers in France

Life Products

Fastest Growing Life Products in France

Shift in Household Preference

Retirement Funding

The Pension Sector

Compulsory Pension (Contributory State Pension)

Safety Net Pension (Non-Contributory State Pension)

Occupational Pension (Voluntary)

Personal Pensions and Other Retirement Savings (Voluntary)

Professional Pension Contracts

Table 127: French Insurance Market (2002): Professional Pension Contracts Written by Insurance Companies in Euro Billion (includes corresponding Graph/Chart)

Tax Benefits to Help Pension Funds Growth

Banks in Life Insurance

Outlook

Leading Players

Table 128: French Life Insurance Market (2005): Percentage Market Share of Leading Players - AGF, AXA France, BNP Paribas, Credit Agricole, Credit Mutuel, CNP, Generali, Groupama, Soc Gen, and Others (includes corresponding Graph/Chart)

Table 129: French Life Insurance Market (2005): Percentage Breakdown of Life Insurance Policy Distributors - Banks, Brokers, Employee Networks, General Agents, and Others(includes corresponding Graph/Chart)

Table 130: French Life Insurance Industry (2004): Gross Written Premium in US$ Million by Leading Companies for CNP, Prédica/Pacifica, AXA, Generali France, BNP Paribas assurance, Sogecap, AGF, Groupama, ACM and Aviva France (includes corresponding Graph/Chart)

Health Insurance Boosts the Segment’s Phenomenal Growth

Table 131: French Life and Health Insurance Market (2002): Total Premium Income by Category in Euro Billion (includes corresponding Graph/Chart)

Groupama -The Market Leader

Focus on Select French Players

AXA Group

BNP Paribas Assurance - Fourth Largest Life-Insurance Group in France

Groupama

C. Italian Market

Sector Representation

Table 132: Italian Insurance Industry (2005): Penetration of Insurance and Per Capita Premium in US$ by Category - Life and Non-Life

Reviving Fortunes

A Review of Past

Bankassurance Grows Popular

A ‘Unitary’ Beginning

Table 133: Italian Insurance Industry (2002 & 2003): Total Premium by Category in Euro Million (includes corresponding Graph/Chart)

Table 134: Italian Insurance Industry (1993-2002): Total Life Premium in Euro Million (includes corresponding Graph/Chart)

Market Leaders

Table 135: Top-Five Players in the Italian Life Insurance Market (2003) - Gross Written Premiums in US$ Million for Creditras, Sanpaolo, Poste Vita, Intesa, and Alleanza (includes corresponding Graph/Chart)

Industry Structure

Table 136: Leading Players in Italian Insurance Market (2004): Percentage Market Share by Company - Ass. Internazionali Previdenza, Cattolica, Fondiaria - Sai, Generali, RAS, Unipol, and Others

Table 137: Italian Insurance Market (2003): Number of Domestic Insurance Companies by Judicial Nature and Business Sector

Table 138: Italian Insurance Market (2003): Number of Insurance Companies by Nature of Origin and Business Sector (includes corresponding Graph/Chart)

Domestic Vs. Foreign Players

Distribution System in Italian Insurance Industry

Performance of Distribution Channels

Table 139: Italian Life Insurance Market (1H-2006): Percentage Breakdown of Direct Premium Volumes by Category- Health, Capitalisation, Unit & Index Linked, Traditional, and Pension Funds (includes corresponding Graph/Chart)

Table 140: Italian Life Insurance Market (1H-2006): Percentage Breakdown of Direct Premium Volumes by Channel - Domestic Insurers (Financial Advisors, Banks & Post Offices, Agents, and Others) and EU Insurers (includes corresponding Graph/Chart)

Table 141: Italian Life Insurance Market (2003): Total Premium (in Euro Million) and Market Share (in %) by Distribution Channels for Agents, Brokers, Direct Sales and Financial Advisers (includes corresponding Graph/Chart)

Insurance - A Move Towards Rationalization

Banks in the Italian Insurance Business

Liberalization of the Sector

The Pension Sector

Compulsory State Pension (Contributory)

Safety Net Pension (Non-Contributory)

Occupational Pension

Personal Pensions and Other Retirement Savings (Voluntary)

Pension Funds Revision Outlook

Pension Funds in Italy & Their Performance

Focus on Key Player

Assicurazioni Generali - No. 3 in World

D. Spanish Market

Spanish Insurance Market

Market Size & Representation

Life and Pensions Sector - Growing Robustly

Growth Barriers

Changes in Spanish Tax Code

The Pension Sector

Compulsory Pension (Contributory)

Safety Net Pension (Non-Contributory State Pension)

Occupational Pensions (Voluntary)

Personal Pensions and Other Retirement Savings (Voluntary)

Distribution/Marketing Channels

Table 142: Spanish Life Insurance Market (2005): Percentage Breakdown of Premium by Distribution Channel - Bancassurance, and Insurers

Market Leaders

Table 143: Leading Players in Spanish Life Insurance Market (2004): Premium in € Million by Company - Allianz, Ascat Vida, Aviva, BBVA, Bansabadell Vida, Banesto Grupos, Caifor, Generali, Ibercaja, and Mapfre (includes corresponding Graph/Chart)

Table 144: Spanish Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Mapfre Vida, Vida Caixa, BBVA Seguros, Aseval, Bansabadell Vida, Ibercaja, Ascat-Vida, Vitalicio Seguros, Estrella Seguros, and Mediterraneo Vida (includes corresponding Graph/Chart)

A Mid 90’s Perspective

Medical Insurance- Robust Growth

E. The UK Market

The UK Insurance Industry - An Overall Market Scenario

Table 145: UK Recent Past, Current & Future Analysis for Life Insurance Industry with Annual Premium Income in GBP Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)

Table 146: UK Life Insurance Industry: Per Capita Premium in US$, and Penetration of Insurance for 2006

Life Insurance Market

Table 147: UK Life Insurance Market (2006 & 2007): Percentage Market Share of Net Written Premiums by Category - Life Insurance, Individual Pensions, Occupational Pensions, Income Protection and Others (includes corresponding Graph/Chart)

The UK Insurance Industry - An Overall Market Scenario

Health Insurance: An Illustrious Year

Life Insurance Industry - Out focused?

Get Set...Grow

Impact of Climatic Transitions on Insurance Industry

Aging Baby Boomers - A Concern in the UK Insurance Industry

Life Insurance Prices to Drop in UK

Critical-Illness Plan to Dominate UK Market

General & Long Term Insurance - A Unique Market Split

Table 148: UK Insurance Market by Category (2003): Number of Companies in General Insurance, and Long-term Business (includes corresponding Graph/Chart)

Rising Medical and legal costs Spiral Personal Injury Claims

Life Insurers Take the Bigger Pie of Overseas Business

Fluctuating Regulations Cast a Spell of Chaos on the Industry

E-Commerce & Outsourcing - To Rise & Shine the UK Insurance Sector

Consumer Loyalty - A Strong Point

Mutual Insurance Gains Ground Amid Adversities

Effect of Demographic Trends on Insurance Penetration

Table 149: Population Trends: 1990-2030

Changes in UK Healthcare System - Impacts on Healthcare Insurance

Information Technology in Insurance

Employer-Pension Schemes Outpace Personal Pensions

‘Long Life’ Products Go Strong

Table 150: UK Life Insurance Industry: Life Annualized New Business in US$ Billion and Percentage Value Breakdown of LANB by Savings & Protection, Pensions, Pension Annuities and Group Risk (Regular, Non-Profit) for the Years 2001, 2002, 2003, 2004, 2005 and 2010 (includes corresponding Graph/Chart)

Table 151: UK Long Term Insurance Market (2005): Net Premium Income in Pound Billion by Category - Group Pensions, Life & Annuities, Individual Pensions, and Income Protection & Other Business (includes corresponding Graph/Chart)

Table 152: UK Long Term Insurance Market (2005): Benefits Paid in Pound Billion by Category - Life & Annuities, All Pensions, and Income Protection & Other Business(includes corresponding Graph/Chart)

Table 153: UK Long Term Insurance Market (2005): Individual Business Policies in Million by Category - Life & Annuities, All Pensions, and Income Protection & Other Business (includes corresponding Graph/Chart)

Table 154: UK Long Term Insurance (2005): Percentage Market Share of Sales by Category - Single Tie/Limited Range, IFAs/Whole of Market, and Non-Intermediated (includes corresponding Graph/Chart)

Table 155: UK Long Term Insurance (2000-2004): Life & Annuities’ Net Premium (NP) in US$ Billion and Percentage Breakdown of NP by Regular and Single Premiums (includes corresponding Graph/Chart)

Table 156: UK Long Term Insurance (2000-2004): ‘Individual/Other Pensions’ Net Premium (NP) in US$ Billion and Percentage Breakdown of NP by Regular and Single Premiums (includes corresponding Graph/Chart)

Table 157: UK Long Term Insurance (2000-2004): ‘Income Protection’ Net Premium (NP) in US$ Billion and Percentage Breakdown of NP by Regular and Single Premiums (includes corresponding Graph/Chart)

Table 158: UK Long Term Insurance (2000-2004): Total Benefits (TB) in US$ Billion and Percentage Breakdown of Total Benefits by Pensions, Life & Annuities and Income Protection (includes corresponding Graph/Chart)

Table 159: UK Long Term Insurance (2000-2004): Total Business Policies (TBP) in US$ Billion and Percentage Breakdown of TBP by Life & Annuities, Pensions and Income Protection (includes corresponding Graph/Chart)

Table 160: UK Life Insurance Market (2005 & 2006): New Business Premiums (Regular) in Pound Million by Category - Individual Pension, Group Pension, Individual Protection, Group Protection, Investment & Savings, Collective Investment & Schemes, Other Stakeholder Products, and Offshore Business (includes corresponding Graph/Chart)

Table 161: UK Life Insurance Market (2005 & 2006): New Business Premiums (Regular) by Distribution Channel - Single Tie, IFAs/Whole of Market, and Non-intermediated(includes corresponding Graph/Chart)

Table 162: UK Life Insurance Market (2005 & 2006): New Business Premiums (Single) in Pound Million by Category - Individual Pension, Group Pension, Individual Protection, Pension Annuities & Income Drawdown, Investment & Savings, Collective Investment & Schemes, Other Stakeholder Products, and Offshore Business (includes corresponding Graph/Chart)

Table 163: UK Life Insurance Market (2005 & 2006): New Business Premiums (Single) by Distribution Channel - Single Tie, IFAs/Whole of Market, and Non-intermediated(includes corresponding Graph/Chart)

Market Leaders

Table 164: Leading Players in UK Life Insurance Market (2005): Percentage Market Share by Company - Aviva, AXA, Clerical Medical, Friends Provident, Legal & General, Prudential, Scottish Widows, Scottish Equitable, Skandia, Standard Life, and Others (includes corresponding Graph/Chart)

Table 165: UK Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for AVIVA plc, Standard Life, HBOS, Prudential, Lloyds TSB Group, Legal and General, Axa, Aegon, Zurich Financial Services, and Friends Provident (includes corresponding Graph/Chart)

Specialist Pensions Insurance

Demand for Annuities Set to Rise Rapidly

Categorization of the UK Life Insurers

Restructuring of the Industry

Opportunities for Life Insurers

Outlook for the Life Market

Industrial Branch Business

About Endowment Mortgages

Hybrid and Savings Plans - Futuristic in Nature

The Pension Sector

Table 166: UK Pension Market (2005): Total Funded Pensions in Pounds Billion by Type - Self-Administered Pensions, Insurance Individual Pensions, and Insurance Occupational Pensions (includes corresponding Graph/Chart)

Compulsory Pension (Contributory State Pension)

Safety Net Pension (Non-Contributory State Pension)

Occupational Pensions (Voluntary)

Personal Pensions and Other Retirement Savings (Voluntary)

Stakeholder Pensions

Pension Credit

An Impetus to Sagging Pensions Market

Traded Endowment Policies (TEPS)

A Fast Growing Financial Services Segment

The Origins

Target Audience

Triple Benefits

Protection and Investor Considerations

Supply and Demand Scenario - A Historic Review

Table 167: Percentage of TEPS Offered by Life Companies to Market Makers (includes corresponding Graph/Chart)

Distribution

Work-Site Marketing Rising to New Heights

Marketing Strategies

Telemarketing

Advertisements

Direct Mail

E-commerce & M-commerce

Direct Writers - A Key Link in the Market Vertical

Customer Relationship Management (CRM)

A Peek into Past Trends/Issues and Facts

Table 168: Long-Term Insurance Market in UK: 2000 (£ Billion) (includes corresponding Graph/Chart)

Dismal Market Conditions

Consolidation in the Insurance Market

Market Leaders

Table 169: Top-Five Players in the UK Life Insurance Market (2002) - Gross Written Premium in US$ Million for Barclays, Standard Life, Norwich Union, Prudential, and Halifax (includes corresponding Graph/Chart)

Entry of Banks Into Insurance

Table 170: Leading Bancassurers in the UK by Net Reinsurance Premium: 2000 (£ Million) (includes corresponding Graph/Chart)

Consolidations in the IFA Sector

IFAs Outlook Gloomy

Few Investors Choose to Invest in IFA’s

Review of the Sectors: Mid-90s

Table 171: Life Premiums in Total Premiums of the Composites (includes corresponding Graph/Chart)

Focus on Select Players

Aviva Plc - Fifth Largest Life Insurer in the World

Britannia Life

Ecclesiastical Insurance Group

Legal & General Group Plc

Lloyds TSB Life Assurance Company Limited

NatWest Life

Prudential PLC

Scottish Widows plc

Standard Life

The EquiTable Life Assurance Society

Accident and Health Insurance

Table 172: Growth of Permanent Health Insurance Policies (includes corresponding Graph/Chart)

Health Insurance Highlights

Corporate Sector Holds Hope for UK’s Health Insurance Market

Rising Private Medical Insurance Claims

Table 173: Ratio of the UK Working Age Over Pensionable Age (includes corresponding Graph/Chart)

Outlook

The Key for Retention

Long Term Care - A Past Perspective

Booming Long-Term Healthcare Insurance Market in the UK

Control of Personal Investment Authority

A Review of Mid 90s

Accident & Health

Table 174: Pecuniary Loss - Net Premiums Written and Underwriting Results by Company (£ Million) (includes corresponding Graph/Chart)

Focus on Select Players

BUPA (British Union Provident Association)

Scottish Widows plc

F. Russian Market

Low Penetration Abounds Prospects

A Market with A Difference

Sector Representation

Table 175: Russian Recent Past, Current & Future Analysis for Life Insurance Industry with Annual Premium Income in US$ Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)

Market Snapshots

Insurance Industry Outpaces GDP Growth

Market Trends and Issues

A Ray of Hope

Problems Persist

Life and Pensions Market

Pension Reforms

Reforms - Key for Development

Tax Waiver Boosts Life Insurance Sector Prospects

Market Leaders

Table 176: Russian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Stolichnoe, UralSib, Yakor, Natsionalnaya, Standart Reserv, Gorodskaya, Rosno, Pomoshch, Reso Garantiya, and Rosgosstrakh (includes corresponding Graph/Chart)

Table 177: Top-Five Players in the Russian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for PSK, Yakor, Liga, National Insurance, and CA Vesta (include corresponding Graph/Chart)

Outlook

Focus on Reserve Practices

Industry Composition

Regional Insurers Have the Major Say

Role of Foreign Insurers in Russia

Problems Continue to Dog Foreign Players

Regulatory Environment

The Supervisory Authority

Responsibilities of Department of Insurance Supervision

Powers

Rights

General Rules and Regulations

Licensing

Accounting

A Recent Past Perspective

Post September 11 Attacks: Russian Economy Presents a Rosy Picture

Competition and Control Lower Market’s Fragmentation

Capital & Start ups of Insurance Firms: A 2000 Scenario

Life Insurance Dominated the Scene

Health Insurance - The ‘In’ Thing

G. Insurance Markets in Rest of Europe

Central and Eastern Europe

Life Insurance Sector Flourishing

Large Players Losing Hold

Table 178: Life Insurance Industry in Eastern Europe (2005): Penetration of Insurance for Select Regions - Russia, Czech Republic, Poland, Hungary, and Ukraine (includes corresponding Graph/Chart)

A Peek into the Past

Market Numbers

Table 179: Insurance Penetration Rate (In %) by Type for 2001: Central/East European Nations Vs EU-15 (includes corresponding Graph/Chart)

Table 180: Insurance Premium as % of GDP for1999-2001: Central/East European Nations Vs EU-15 (includes corresponding Graph/Chart)

Table 181: Per Capita Premium in US$ for 2000 &2001: Central/East European Nations Vs EU-15 (includes corresponding Graph/Chart)

Scandinavia

Best Prospects for Unit Linked Products

Baltic Countries: Pension Reforms - Agenda for Growth

Latvia

1st Pillar - State Mandatory Non-Funded Social Insurance Pension Scheme (On PAYG base)

2nd Pillar - State Mandatory Funded Social Insurance Pension Scheme

3rd Pillar - Private Voluntary Pension Scheme

Lithuania

Estonia

Austria

Sector Representation & Market Size

Life Insurance Majors

Table 182: Austrian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Sparkassen Versicherung, Wiener Stadtische, Raifeisen, UNIQA Personenversicherung, Generali Versicherung, Allianz Elementar Leben, Wustenrot, Union, Donau, and Skandia Leben (includes corresponding Graph/Chart)

Table 183: Top-Five Players in the Austrian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for Sparkassen-Versicherung, Wiener Staedtische, Raiffeisen, Generali Versicherung, and Wustenrot (includes corresponding Graph/Chart)

Health - A Key Segment of the Austrian National Insurance System

Table 184: Austrian Insurance Industry (2003): Percentage Share of Expenditure by Sector for Pensions, Health Insurance, and Accident Insurance (includes corresponding Graph/Chart)

Table 185: Austrian Insurance Industry (2000-2003): Spending of Health Insurance Sector by Spending Areas in € Million (includes corresponding Graph/Chart)

Belgium

Sector Representation & Market Size

Table 186: Belgian Life Insurance Industry (2005): Penetration of Insurance and Per Capita Premium in US$

Market Leaders

Table 187: Belgian Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for ETHIAS Life, Les Assurances de Fortis Banque, AXA Belgium, Fortis AG, KBC Assurances/CBC Assurances, ING Insurance, DEXIA Assurances, AGF Belgium Insurance, Generali Belgium, Winterthur-Europe Assurances (includes corresponding Graph/Chart)

Table 188: Top-Five Players in the Belgian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for SMAP, FB Assurances, ING, KBC Assurances, and Fortis AG (includes corresponding Graph/Chart)

Bulgaria

Sector Representation & Market Size

Market Leaders

Table 189: Bulgarian Life Insurance Industry (2004): Gross Written Premium in US$ Million by Leading Companies for DZI, Allianz Bulgaria Life, Orel Life, AIG Life Bulgaria, Bulstrad DSK-Life, Grawe Bulgaria, Vitosha Life, Bulgariski Imoti, DSK Garancia, and Dobrudja-M-Life (includes corresponding Graph/Chart)

Table 190: Top-Five Players in the Bulgarian Life Insurance Industry (2003) - Gross Written Premium in US$ Million for DZI, Allianz Bulgaria Life, Orel Life, AIG Life Bulgaria, and Bulstrad DSK-Life(includes corresponding Graph/Chart)

A Snapshot of the Past Market Stats

Table 191: Life Insurance Industry in Bulgaria (2000): Leading Companies by Premium Income in Lev Million and Market Share in % (includes corresponding Graph/Chart)

Croatia

Sector Representation & Market Size

Market Leaders

Table 192: Croatian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Grawe, Croatia, Merkur, Zagreb, Allianz, Sunce, Kvarner Wiener St., Helios, Euroherc Life, and UNIQA (includes corresponding Graph/Chart)

Table 193: Top-Five Players in the Croatian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for Grawe Hrvatska, Zagreb, Croatia, Merkur, and Allianz Zagreb (includes corresponding Graph/Chart)

Cyprus

Sector Representation & Market Size

Market Leaders

Table 194: Cyprian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Laiki Cyprialife, Eurolife, Universal Life, America Life, Interlife, Liberty Life, Alhpa, Minerva, Aspis Pronia, and Ethniki (includes corresponding Graph/Chart)

Table 195: Top-Five Players in the Life Insurance Industry of Cyprus (2002) - Gross Written Premium in US$ Million for Eurolife, Laiki Cyprialife, Universal Life, America Life, and Interlife (includes corresponding Graph/Chart)

Finland

Sector Representation & Market Size

Financial Services Convergence Takes Wings

Competitiveness Reaches New Heights

Forming Alliances: Order of the Day

Market Leaders

Table 196: Finnish Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Nordea, OP-Henkivakuutus, Henki-Sampo, Henki-Suomi, Suomi-yhtio, Kaleva, Henki-Tapiola, Henki-Veritas, Henki-Fennia, and Yritysten Henki-Tapiola (includes corresponding Graph/Chart)

Table 197: Top-Five Players in the Life Insurance Industry of Finland (2002) - Gross Written Premium in US$ Million for Nordea, Henki-Sampo, Aurum, Henki-Suomi, and Suomi-yhtio (includes corresponding Graph/Chart)

A Review of Past Stats

Table 198: Life Insurance Industry in Finland (1999 & 2000): Insurance Premium Written in FIM Billion by Scheme Type for Individual, Unit-Linked, and Group (includes corresponding Graph/Chart)

Greece

Sector Representation & Market Size

Market Leaders

Table 199: Greek Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Ethniki, Interamerican Life, Alico AIG Life, ING Life, Agrotiki, Aspis Pronia General, Allianz Life, Phoenix Metrolife Emporiki, EFG Life, and Alpha Ins (includes corresponding Graph/Chart)

Table 200: Top-Five Players in the Life Insurance Industry of Greece (2002) - Gross Written Premium in US$ Million for Interamerican Life, Ethniki, ING Life, Alico AIG Life, and Aspis Pronia General (includes corresponding Graph/Chart)

A Peek into Past Competitive Landscape

Table 201: Insurance Industry in Greece (1993-2002): Number of Insurance Companies by Insurance Class for General Insurance, Life Insurance, and Composite (includes corresponding Graph/Chart)

Table 202: Greek Insurance Industry (1993-2002): Direct Premium In Million Euro by Insurance Class for Life and Non-Life (includes corresponding Graph/Chart)

Table 203: Greek Insurance Industry (2001): Direct Premium of Life Insurance by Line in Greek Drachmas Million (includes corresponding Graph/Chart)

Market Share of Top Companies

Table 204: Insurance Industry in Greece (1998-2002): Percentage Market Share of Top 5, 10, and 20 Companies by Life and Non-Life Sectors (includes corresponding Graph/Chart)

Hungary

Sector Representation & Market Size

Retaining Agents a Herculean Task

Market Leaders

Table 205: Top-Five Players in the Hungarian Life Insurance Industry (2003) - Gross Written Premium in US$ Million for ING, AB Aegon, OTP-Garancia, Generali Providencia, and Allianz (includes corresponding Graph/Chart)

A Review of Past Market Stance

Life Insurance Witnesses Upswing

Table 206: Life Insurance Industry in Hungary (2000): Leading Players by Earned Premium in HUF Billions (includes corresponding Graph/Chart)

Group Life Insurance Schemes Fuel Growth

Hungarian Government Probes Insurance Companies

Iceland

Sector Representation & Market Size

Market Leaders

Table 207: Life Insurance Industry in Iceland (2003): Gross Written Premium in US$ Million by Leading Companies for Sjova-Almennar, Althjoda, LIFIS, and Liftryggingamidsrodin (includes corresponding Graph/Chart)

Table 208: Leading Players in the Life Insurance Industry of Iceland (2002) - Gross Written Premium in US$ Million for Sameinada, Althjoda, and LIFIS (includes corresponding Graph/Chart)

Ireland

Sector Representation & Market Size

Table 209: Irish Recent Past, Current & Future Analysis for Life Insurance Industry: Annual Premium Income in Euro Billion for the Years 2005 through 2010 (includes corresponding Graph/Chart)

Table 210: Insurance Industry in Ireland (2006): Per Capita Premium in US$ by Category - Life and Non-Life

Market Development

Pro-business Regulatory Climate

Personal Retirement Savings Accounts (PRSAs) - An Overview

Limitations on Charges

Restrictions on Investment

PRSA Providers

Regulation of PRSA

SuiTable for Investment Managers

Life Insurers Caught in a Tight Spot

Distribution of PRSA

Encouraging Lapses

With-Profits Funds Deployment by Life Insurers

Outlook

Table 211: Irish Life Assurance Market (2006 & 2007): Percentage Breakdown of Gross Premium Income by Policy Type - Individual Assurances and Annuities, Pension Scheme Business, Self-Employed Pensions & Associated Business (Including PRSAs), Permanent Health Insurance (PHI), and Industrial Branch (IB) Business (includes corresponding Graph/Chart)

Table 212: Irish Life Assurance Market (2006 & 2007): Percentage Breakdown of Benefits and Claims Paid by Policy Type (includes corresponding Graph/Chart)

Table 213: Irish Life and Pension Insurance Market: Gross Premiums US$ Billion for the Years 2001 through 2005 (includes corresponding Graph/Chart)

Table 214: Irish Life Assurance Market (2005): Percentage Breakdown of Gross Premium Income by Policy Type - Individual Assurances and Annuities, Industrial Branch Business, Permanent Health Insurance, Pension Scheme Business, and Self-Employed Pensions & Associated Business (includes corresponding Graph/Chart)

Table 215: Irish Life Assurance Market (2005): Percentage Breakdown of Benefits and Claims Paid by Policy Type - Critical Illness, Individual Assurances and Annuities, Industrial Branch Business, Permanent Health Insurance, Pension Scheme Business, and Self-Employed Pensions & Associated Business (includes corresponding Graph/Chart)

Table 216: Irish Life Assurance Market (2005): Percentage Breakdown of Distribution Channel for Annual and Single Premium Generation by Segment - Agents, Brokers, Direct, Employee & Company Representatives, and Tied Agents (includes corresponding Graph/Chart)

Market Leaders

Table 217: Leading Players in Irish Life Insurance Market (2006 & 2007): Percentage Market Share of Gross Premium Income by Company - BoI Life (Bank of Ireland Life - Includes New Ireland Assurances), Irish Life, Hibernian Life Holdings Ltd. (Includes Ark Life), Eagle Star Life, Friends First Life and Others (includes corresponding Graph/Chart)

Table 218: Leading Players in Irish Pensions Market (2006 & 2007): Percentage Market Share of Gross Premium Income by Company - Irish Life, BoI Life (Bank of Ireland Life - Includes New Ireland Assurances), Hibernian Life Holdings Ltd. (Includes Ark Life), Eagle Star Life, Standard Life, Friends First Life, Canada Life and Others (includes corresponding Graph/Chart)

Table 219: Leading Players in Irish Life Insurance and Pensions Market (2006 & 2007): Percentage Breakdown of Total Market Share (Life and Pension Businesses) of Gross Premium Income by Company - BoI Life (Bank of Ireland Life - Includes New Ireland Assurances), Irish Life, Hibernian Life Holdings Ltd. (Includes Ark Life), Eagle Star Life, Friends First Life, and Others (includes corresponding Graph/Chart)

Table 220: Irish Life Assurance Market (2005): Gross Premium Income for Life and Pension Business by Company - Ark Life, BoI Life, Canada Life, Eagle Star Life, Friends First Life, Hibernian Life, Irish Life, Standard Life, Royal Liver, and Others(includes corresponding Graph/Chart)

Table 221: Irish Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Irish Life, New Ireland, Ark, Hibernian Life & Pens, Eagle Star Life, Standard Life, Canada Life Ass. (Irl), Friends' First Life Ass., Friends First Man. Pen., and Anglo Irish Assurance (includes corresponding Graph/Chart)

Table 222: Top-Five Players in the Life Insurance Industry of Ireland (2002) - Gross Written Premium in US$ Million for Irish Life, New Ireland, Ark, Hibernian Life & Pensions, and Standard Life (includes corresponding Graph/Chart)

Latvia

Sector Representation & Market Size

Market Leaders

Table 223: Latvian Life Insurance Industry (2004): Gross Written Premium in US$ Million by Leading Companies for Ergo Latvija Dziviba, Balta Dziviba, Seesam Life, Latvia, Sampo Dziviba, and Baltikums Dziviba (includes corresponding Graph/Chart)

Lithuania

Sector Representation & Market Analysis

Table 224: Lithuanian Recent Past, Current & Future Analysis for Life Insurance Industry: Annual Premium Income in US$ Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)

Market Leaders

Table 225: Lithuanian Life Insurance Industry 2004): Gross Written Premium in US$ Million by Leading Companies for Hansa Gyvybes Draudimas, ERGO Lietuvus Gyvybes Draudimus, VB Gyvybes Draudimas, Commercial Union, Sampo Gyvybes Draudimas, Lietuvos Draudimas, Bonum Publicum, Seesam Lietuva Gyvybes Draudimas, PZU Lietuva Gyvybes Draudimas, and Lindra - Gyvybes Draudimas (includes corresponding Graph/Chart)

Luxembourg

Sector Representation & Market Size

Market Leaders

Table 226: Top-Five Players in the Life Insurance Industry of Luxembourg (2002) - Gross Written Premium in US$ Million for Swisslife, La Luxembourgeoise-Vie, Le Foyer-Vie, Fortis Luxembourg Vie, and AGF Life Luxembourg (includes corresponding Graph/Chart)

Malta

Sector Representation & Market Analysis

Norway

Sector Representation & Market Analysis

Market Leaders

Table 227: Norwegian Life Insurance Industry (2004): Gross Written Premium in US$ Million by Leading Companies for Vital, Storebrand, KLP, Nordea, Sparebank 1 Liv, Gjensidige NOR Forsikring, Vesta Forsikring, Danica Pensjon, Handelsbanken Liv, and Danica Fonds forsikring (includes corresponding Graph/Chart)

Table 228: Top-Five Players in the Life Insurance Industry of Norway (2001) - Gross Written Premium in US$ Million for KLP, Storebrand, Vital, Gjensidige NOR Spare, and Sparebank (includes corresponding Graph/Chart)

Poland

Sector Representation & Market Analysis

Market Leaders

Table 229: Polish Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for PZU Zycie, Commercial Union, Amplico Life, ING Nationale Nederlanden, Warta Vita, Allianz Polska, Prumerica, Nationwide, Europa, and Cardif Polska (includes corresponding Graph/Chart)

Table 230: Top-Five Players in Polish Life Insurance Industry (2002) - Gross Written Premium in US$ Million for PZU Zycie, Commercial Union, Amplico Life, ING Nationale Nederlanden, and Warta Vita (includes corresponding Graph/Chart)

The Pension Sector

Compulsory Pension (Contributory)

Safety Net Pension (Non-Contributory)

Occupational Pensions (Voluntary)

Personal Pension and Other Retirement Savings (Voluntary)

Portugal

Portuguese Insurance Industry - Current Market Trends

Sector Representation & Market Analysis

Life Products and Retirement Savings Drive the Portuguese Insurance Sector

Market Leaders

Table 231: Portuguese Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Occidental Vida, Fidelidade Vida, Tranquilidade Vida, BPI Vida, Totta Seguros, Acoreana, AXA VidaImperio Bonanca, Real Vida, and Eurovida (includes corresponding Graph/Chart)

Table 232: Top-Five Players in the Life Insurance Industry of Portugal (2002) - Gross Written Premium in US$ Million for Occidental Vida, Fidelidade Vida, Tranquilidade Vida, Totta Seguros, and BPI Vida (includes corresponding Graph/Chart)

Romania

Sector Representation & Market Analysis

Life Insurance Majors

Table 233: Romanian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for ING Life, Asirom, Omniasig Viata, AIG Life, Asiban, Aviva, Allianz-TiriacLukoil Asito, Interamerican, and Unita (includes corresponding Graph/Chart)

Table 234: Top-Five Players in the Romanian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for ING Nederlanden, Asirom, AIG Life, Aviva, and Omniasig Viata (includes corresponding Graph/Chart)

Health Care Insurance Market - A Historic Review

Health Care Delivery - A Backgrounder

Transformation of Health Care System

Primary Health Care Services

Key Player

Serbia and Montenegro

Sector Representation & Market Analysis

Market Leaders

Table 235: Life Insurance Industry of Serbia and Montenegro (2003): Gross Written Premium in US$ Million by Leading Companies for SERBIA, Zepter, Grawe, Dunav, DDOR Novi Sad, and Delta (includes corresponding Graph/Chart)

Slovakia

Sector Representation & Market Analysis

Economic Growth Brightens Prospects

Key Trends and Issues

Consolidation and Liberalization Mark the Market

Low Level of Insurance Penetration

Superfluity of Illegal Transactions Taint the Image of the Industry

Legislative Reforms

Key Changes

Amendments to Insurance Act

Market Leaders

Table 236: Top-Five Players in the Slovakian Life Insurance Industry (2003) - Gross Written Premium in US$ Million for Allianz poistovna, Amslico AIG Life, Kooperativa poistovna, Nationale Nederlanden, and Kontinuita poistovna (includes corresponding Graph/Chart)

Review of Market Dynamics in the New Millennium

A Backdrop

Table 237: Insurance Industry in Slovakia (1999-2001): Life Insurance Premium in SKK Billion and Market Share in % (includes corresponding Graph/Chart)

Table 238: Insurance Industry in Slovakia (1999-2001): Per Capita Premium for Life Insurance in US$ (includes corresponding Graph/Chart)

Table 239: Insurance Industry in Slovakia (1999-2001): Life Premium Written in US$ Million and as Percentage of GDP (includes corresponding Graph/Chart)

Brimming with Insurance Companies

Table 240: Insurance Industry in Slovakia (1999 & 2000): Premiums Written by Type of Insurance (In %) (includes corresponding Graph/Chart)

Table 241: Insurance Industry in Slovakia (1999-2001): Growth in Insurance Market (In %) (includes corresponding Graph/Chart)

Leading Players

Table 242: Insurance Industry in Slovakia (2001): Leading Life Insurers by Written Premium in US$ Million (includes corresponding Graph/Chart)

Foreign Companies - Highly Active

Slovenia

Sector Representation & Market Analysis

Market Primer

Popular Insurance Products

Slovenian Life Insurance Market by Type

Table 243: Slovenian Life Insurance Market (2004): Percentage Share Breakdown by Insurance Type for Death and Endowment- Mixed Insurance, Life Under ZPIZ-1, Life Under ZZavar, Additional Insurance, Annuity and Others (includes corresponding Graph/Chart)

Market Leaders

Table 244: Slovenian Life Insurance Industry (2004): Gross Written Premium in US$ Million by Leading Companies for Triglav, Pension Fund Management, Maribor, Merkur, NLB Vita, Grawe, Slovenica, Generali, Adriatic, and Fund for Craftsmen and Entrepreneurs (includes corresponding Graph/Chart)

Table 245: Slovenian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Triglav, Maribor, Pension Fund Management, Merkur, Grawe, Slovenica, Generali SKB, NLB VITA, Adriatic, and Fund for Craftsman and Entrepreneurs (includes corresponding Graph/Chart)

Table 246: Top-Five Players in the Life Insurance Industry of Slovenia (2002) - Gross Written Premium in US$ Million for Triglav, Maribor, Merkur, Grawe, and Adriatic (includes corresponding Graph/Chart)

Sweden

Sector Representation & Market Analysis

Table 247: Swedish Recent Past, Current & Future Analysis for Life Insurance Industry: Annual Premium Income in SEK Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)

Insurers Enter Banking

Demographic Changes and the Pension System

Table 248: Swedish Life Insurance Market (2007 & 2008): Percentage Market Share of Premiums for Unit Linked and Other Life Insurance by Category - Occupational Pension, Endowment, Private Pension, Accident and Health, Group Life and Others (includes corresponding Graph/Chart)

Table 249: Swedish Insurance Market (2006 & 2007): Percentage Market Share of Assets of Life Insurance Companies by Category - Shares, Bonds, Real Estate and Others (includes corresponding Graph/Chart)

Market Leaders

Table 250: Leading Players in Swedish Life Insurance Market (2006 & 2007): Percentage Market Share of Premiums for Unit Linked and Life Insurance by Company - Skandia, SEB, Folksam, Handelsbanken, AMF Pension, Swedbank Försäkr., Länsförsäkringar and Others (includes corresponding Graph/Chart)

Life Insurance - A Past Perspective

Table 251: Swedish Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Alecta, Skandia Liv, AMF Pension, SEB TL Fond, Skandia Link, SPP Liv, Robur Fors, Folksam Liv, LF Liv, and SHB Liv (includes corresponding Graph/Chart)

Table 252: Top-Five Players in the Swedish Life Insurance Industry (2002) - Gross Written Premium in US$ Million for Alecta, Skandia Liv, AMF Pension, Skandia Link, and SPP Liv (includes corresponding Graph/Chart)

Switzerland

Sector Representation & Market Analysis

Table 253: Swiss Recent Past, Current & Future Analysis for Insurance Industry: Annual Premium Income in CHF Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)

Table 254: Insurance Industry in Switzerland (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life and Non-Life

Hub for Financial Services Sector

Insurance Market Overview

Sagging Market for Life and Pensions

Table 255: Swiss Life Insurance Market (2006 & 2007): Percentage Market Share of Premiums by Segment - Occupational Pensions, Endowment Insurance, Unit-Linked Life Insurance and Annuity Insurance (includes corresponding Graph/Chart)

Table 256: Swiss Life Insurance Market (2005): Premiums in CHF Million by Segment - Annuity Insurance, Endowment Insurance, Occupational Pensions, and Unit-Linked Life Insurance (includes corresponding Graph/Chart)

Table 257: Swiss Life Insurance Market (2005): Percentage Breakdown by Claims Paid by Segment - Annuity Insurance, Endowment Insurance, Occupational Pensions, and Unit-Linked Life Insurance (includes corresponding Graph/Chart)

Market Leaders

Table 258: Leading Players in the Swiss Group Life Market (2006 & 2007): Percentage Breakdown of Market Share by Company - Swiss Life, Winterthur/ AXA, ZFS, Baloise, Helvetia and Others (includes corresponding Graph/Chart)

Table 259: Leading Players in the Swiss Domestic Life Market (2006 & 2007): Percentage Breakdown of Market Share by Company - Swiss Life, AXA, Baloise, ZFS (Zurich Leben), Patria, and Others (includes corresponding Graph/Chart)

Table 260: Leading Players in the Swiss Individual Life Market (2002-2004): Percentage Breakdown of Market Share by Company for Swiss Life, Winterthur, Generali, ZFS, Baloise, HelvetiaPat and Others (includes corresponding Graph/Chart)

Ukraine

Sector Representation & Market Analysis

Market Leaders

Table 261: Life Insurance Industry in Ukraine (2003): Gross Written Premium in US$ Million by Leading Companies for Grawe Ukraina, Alico AIG Life, TAS, Aska Zhittya, Ekko, Jupiter, Blakitniy Polis, Nadiya, Garant Life, and Universalnaya (includes corresponding Graph/Chart)

Table 262: Top-Five Players in the Life Insurance Market of Ukraine (2002) - Gross Written Premium in US$ Million for Grawe, TAS, Ekko, Jupiter, and Aska (includes corresponding Graph/Chart)

Yugoslavia

Sector Representation & Market Analysis

Czech Republic

Czech Insurance Market on an Increasing Spree

Sector Representation & Market Size

Changing Demographics Spell Growth for Insurance Products

Failings of ‘Pay-as-you-Go’ System Propel Private Pension Funds

Life Insurance - An Overview

Growing Steadily

Major Products

Term Life

Credit Life

Whole of Life

Key Man

Endowment

Group Life Assurance

Unit-Linked Contracts

Common Riders

Underwriting Criteria

Distribution Scene

Market Leaders

Table 263: Czech Republic Life Insurance Industry(2004): Gross Written Premium in US$ Million by Leading Companies for Ceska pojistovna, Kooperativa, ING Nationale-Nederlanden, CSOB Pojistovna, Pojistovna CS, Komercni pojistovna, Allianz, AMCICO AIG Life, Generali, and Credit Suisse (includes corresponding Graph/Chart)

Table 264: Top-Five Players in the Life Insurance Industry of Czech Republic (2002) - Gross Written Premium in US$ Million for Ceska Pojistovna, Nationale Nederlanden, Pojistovna CS, CSOB Pojistovna, and Kooperativa Pojistovna (includes corresponding Graph/Chart)

Pensions - An Overview

Annuities

Government Pensions

Company Pensions

Background

Benefits Offered

Distribution Trends

Individual Pensions

Tax Benefits

Multinational Pools

A Recent Past Market Review

Table 265: Pension Funds in the Czech Republic (1998-2001): Members, Contributions and Assets (Members in Thousands, Contribution and Assets in CZK Billion) (includes corresponding Graph/Chart)

Table 266: Czech Pensions Market by Premium in US$ Million for 1998-2000 (includes corresponding Graph/Chart)

Table 267: Czech Republic Insurance Industry (1999-2001): Distribution of Pension Fund Members by Age Group (In %) (includes corresponding Graph/Chart)

Table 268: Czech Republic Insurance Industry (1998-2001): Growth in Pension Fund Contributions (In %) (includes corresponding Graph/Chart)

Table 269: Leading Pension Funds in the Czech Republic by Members and Assets for 2001 (Assets in CZK Million) (includes corresponding Graph/Chart)

Table 270: Czech Republic Insurance Industry (1999-2001): Percentage Breakdown of Investment Distribution of Pension Assets (includes corresponding Graph/Chart)

Table 271: Czech Republic Insurance Industry (1998-2000): Individual Pension Premiums Written by Life Insurers (In CZK Million) (includes corresponding Graph/Chart)

Other Employee Benefit Plans

Table 272: Group Insurance Premiums by Class in Czech Republic for 2000 (In CZK Million) (includes corresponding Graph/Chart)

Regulatory Norms

Health Insurance Scenario Satisfactory

Changing Demographics Spell Growth for Insurance Products

Health Insurance - A Perspective

Compulsory Insurance

Key Private Health Insurers

Group Schemes

Industry Structure

Insurance Groups

Financial Services Companies

Associations

Foreign Participation

Eligibility for Conducting Insurance Operations

Headed for a Reforms-Driven Growth

An Overview of Distribution Channels

Direct Marketing

Bancassurance

The Internet

Multi-Level Marketing

Agencies

Insurance and Reinsurance Brokers

Independent Financial Advisers

Employee Benefit Consultants

Regulatory Bodies

For Life

Annual Returns

For Pensions

A Historical Perspective of the Market

Insurance Industry The Timeline

A Review of the Market Constitution and Growth

Tax Relief Provision

Single-Premium Endowments Rise

Table 273: Czech Republic Life and Non-Life Insurance Penetration (as % of GDP): 2001

Table 274: Czech Republic Insurance Industry (2001): Premium Written in US$ Million by Sector (includes corresponding Graph/Chart)

Table 275: Czech Republic Insurance Industry (2001): Per Capita Premium in US$ for Life and Non-Life Sectors

Table 276: Czech Republic Per Capita Life and Non-Life Premium in Comparison with Neighboring Countries for 2001 (Premium per Capita in US$) (includes corresponding Graph/Chart)

Table 277: Czech Republic Insurance Industry (2001): Leading Companies by Premium Income in US$ Million (includes corresponding Graph/Chart)

Foreign-Owned Companies in the Czech Republic: 2001

Table 278: Break-up of Market Share Between Local and Overseas Players for 2001 (includes corresponding Graph/Chart)

Czech Insurance Sector Features Among Top 50 Markets for Insurance Worldwide

Table 279: Czech Republic Insurance Industry (2000): Leading Insurance Companies by Prescribed Premiums in Million Korunas (includes corresponding Graph/Chart)

Denmark

Sector Representation & Market Analysis

Table 280: Danish Recent Past, Current & Future Analysis for Insurance Industry: Gross Premium Income in DKK Million for the Years 2005 through 2009 (includes corresponding Graph/Chart)

A Mature Industry

Mortgages and Life Insurance - Promising Areas of Growth

Competitive Landscape

Market Leaders

Table 281: Danish Life Insurance and Pension Market (2006 & 2007): Percentage Breakdown of Market Share by Leading Companies (includes corresponding Graph/Chart)

Table 282: Danish Pension Market (2003 - 2007): Total Pension Assets Held by Institutional Investors in DKK Million (includes corresponding Graph/Chart)

Table 283: Danish Pension Market (2006 & 2007): Percentage Breakdown of Pension Assets Held by Institutional Investors - Life Insurance, Pension Funds, Banks, ATP and Others (includes corresponding Graph/Chart)

Life Insurance Industry in the Recent Past

Table 284: Danish Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Danica Pension, PFA Pension, K.P., Nordea Liv A/S, Industriens Pension, Pen-Sam Liv, Bygge- og Anlaeg, Danica Pension I, Laerernes Pension, and Kvindelige Arbejdere (includes corresponding Graph/Chart)

Table 285: Top-Five Players in the Life Insurance Industry of Denmark (2002) - Gross Written Premiums in US$ Million for PFA Pension, Danica Pension, K.P, Nordea Liv, and Industriernas Pension (includes corresponding Graph/Chart)

Table 286: Life Insurance and Pension Market of Denmark (2002): Percentage Breakdown of Insurance Firms’ Investment by Category for Bonds, Shares, Subsidiaries, and Other Assets (includes corresponding Graph/Chart)

Table 287: Personal Accident, Health and Disability Insurance Industry in Denmark 2002): Gross Premium and Gross Claims in DKK Million by Companies (includes corresponding Graph/Chart)

A Mid 90’s Review

Deregulation of the Financial Services Market

Netherlands

Sector Representation & Market Analysis

Table 288: Life Insurance Industry in The Netherlands (2005): Penetration of Insurance, and Per Capita Premium in US$

Sturdy Growth of Life Insurance

Promising Developments in Accident & Health Insurance

Occupational Disability Insurance Sector

ING Leads the Race

Distribution System - An Overview

Market Leaders

Table 289: Life Insurance Industry in The Netherlands (2004): Percentage Market Share by Leading Companies - ABN Amro, Achmea, Aegon, Axa, Delta Lloyd, Fortis, ING, Rabobank, Swiss Life, SNS, and Others (includes corresponding Graph/Chart)

Table 290: Life Insurance Industry in The Netherlands (2002): Gross Written Premium in US$ Billion by Leading Companies for Nationale Nederlanden Leven, AEGON Leven, Interpolis BTL, Delta Lloyd Leven, Achmea Pensioen- en Leven, AMEV Leven, Hooge Huys Leven, Zwitserleven, Stad Rotterdam Leven, and ABN Amro Leven (includes corresponding Graph/Chart)

Table 291: Top-Five Players in the Dutch Life Insurance Industry (2001) - Gross Written Premium in US$ Million for Nationale-Nederlanden Leven, AEGON Leven, Interpolis BTL, Achmea Pensioen, and Delta Lloyd Leven (includes corresponding Graph/Chart)

5e. Asia Pacific

Liberalization Unfurls Bountiful Opportunities

Strong Economy Peps Up the Market

Table 292: Life Insurance Market in Asia-Pacific (2004-2007): Countries Ranked by Growth Rates - Vietnam, Peoples Republic of China, India, Thailand, Indonesia, Hong Kong, Malaysia, Philippines, South Korea, Taiwan, and Australia (includes corresponding Graph/Chart)

A Historic Review

Foreign Entrants - Pros and Cons

The Positives

Driving Factors for Asian Foray

Creating a Win-Win Situation

The Negatives

Regulatory Obstacles

A Risky Proposition

Political Risks

Exchange Rate Fluctuations

Natural Calamities

Cultural Differences

Under-Developed Distribution Networks

Bancassurance - A perfect Channel in Asian Markets

Undeterred Players

Asia-Pacific Life Insurance Industry (2004): Leading Foreign Companies in China, Hong Kong, India, Japan, Korea, Malaysia, Taiwan, Singapore and Thailand

Outlook

Changing Environment Adds to Appeal

Rationale for High Growth Prospects in Asia

India and China Bring Immense Potential

Other Asian Markets Not Far Behind

A Peek into the Recent Past Market Numbers

Table 293: Insurance Industry in Asia-Pacific (2000): Major Insuring Nations by Written Premium in US$ Billion (includes corresponding Graph/Chart)

Table 294: Insurance Industry in Asia-Pacific (2000): Key Nations for Life Insurance by Written Premium in US$ Billion (includes corresponding Graph/Chart)

5e(i). Key Insurance Markets in Asia Pacific

A. Australian Market

Australian Insurance Industry - A Market Summary

An Overview of Australian Life Insurance Industry

Australian Health Insurance Industry

Sector Representation & Market Size

Table 295: Australian Life Insurance Industry: Premium Income in US$ Billion and Per Capita Premium in US$ for 2005

Life Insurance Product Market Overview

Table 296: Australian Life Insurance Industry (2006): Percentage Breakdown by Policy Type for Superannuation and Ordinary (includes corresponding Graph/Chart)

Table 297: Australian Life Insurance Industry (2004): Percentage Breakdown by Policy Type for Superannuation and Ordinary (includes corresponding Graph/Chart)

Australia to Regulate Life Insurance Companies Through New Standards

Australia to Account for 50% of Asian Pension Assets by 2015

Presence of Insurance Brokers in Australian Insurance Industry

Presence of Foreign Insurance Companies in Australian Insurance Industry

Highly Effective Distribution System

Competitive Landscape

Table 298: Leading Players in Australian Life Insurance Industry (2006): Percentage Market Share by Premiums of Major Companies - AMP, Colonial/CBA, ING/ANZ, National Aust / MLC, Westpac, and Others (includes corresponding Graph/Chart)

Table 299: Australian Life Insurance Industry (2006): New Business Premiums (Single and Regular) in $ Million for Select Companies - AMP, Aviva, Colonial/CBA, ING/ANZ, MetLife, National Aust/MLC, National Mutual/AXA, St Andrew's Life, Tower Life, Westpac, and Others (includes corresponding Graph/Chart)

Table 300: Australian Life Insurance Market (2004): Premiums Received, and Brokerage Income in A$ Million for Select Brokers - Associated Planners Financial Services Ltd, Charles McMillan & Associates Pty Ltd, Cuna Mutual Insurance Brokers Pty Ltd, G L Phillips & Company Pty Ltd, and Others (includes corresponding Graph/Chart)

Table 301: Australian Life Insurance Industry (2004): Gross Written Premium in A$ Million by Company/Group for AMP, National Aust/MLC, ING/ANZ, Colonial/CBA, Westpac National Mutual/AXA, Macquarie Life, Citicorp Life, Tower Life, and Zurich Life (includes corresponding Graph/Chart)

Table 302: Australian Life Insurance Industry (2004): New Business (Single & Regular) Premium in A$ Million by Leading Company/Group for Citicorp Life, Westpac, Colonial/CBA, ING/ANZ, National Aust/MLC, National Mutual/AXA, AMP, Aviva, Tower Life, AIG and Others (includes corresponding Graph/Chart)

Table 303: Australian Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for AMP, MLC, ING, AXA, Westpac Life, and Colonial Mutual (includes corresponding Graph/Chart)

Table 304: Top-Five Players in the Australian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for AMP, MLC, ING, AXA, and Westpac Life (includes corresponding Graph/Chart)

A Past Perspective

Key Changes in the Marketplace

Privatization

Recession Gives Way to Recovery

Table 305: Insurance Industry in Australia (2000 & 2001): Number of Insurers by Type for Private Sector, and Public Sector (includes corresponding Graph/Chart)

Corporate Restructuring

Major Corporate Restructures in Australian Private Sector

Ubiquity of Cost Shifting - A Key Characteristic of Health Insurance Market

‘Gap’ Refocused

Medicare - A Backgrounder

Health Insurance Industry Highlights

Outlook

Table 306: Australian Health Insurance Industry (2004): Percentage Market Share by Major Players - Australian Health Management Group Ltd, Australian Unity Health Ltd, BUPA Australia Health Pty Ltd, MBF Alliances Pty Ltd, Hos