Press Releases from The Knowledge Centre (6 total)
Asian Insurance Focus: Vietnam & Thailand
Asian Insurance Focus: Vietnam & Thailand
New Delhi, 4th September 2008: Globalization is the key source which is bringing about an "irreversible transformation" in the Asian insurance market. Asia is becoming an important growth engine for global insurers due to the changing socio-economic dynamics. According to a latest research report from HSBC, in order to be long-term winners, life insurance companies in Asia need to diversify their income streams such that…
Asian Insurance Focus: India & China
New Delhi, 29th August 2008: Globalization is the key source which is bringing about an "irreversible transformation" in the Asian insurance market. India and China are "dynamically" driving the growth of insurance markets in Asia. This process has been expedited by the "soothing impact" of the Asian financial crisis on reform resistance and its contribution towards acceleration of change, including deregulation, particularly "on the back of gradual opening up of…
Thailand Insurance Sector
New Delhi, 30th May, 2008 - Thailand is the 2nd largest economy in Southeast Asia, after Indonesia. It ranks midway in the wealth spread in South East Asia and is the 4th richest nation per capita, after Singapore, Brunei, and Malaysia. The Thai economy in 2008 is forecasted to grow at 5.6% (in the forecasted range of 5.0-6.0%). This figure is an improvement on 4.8% growth in the previous year…
Vietnam Insurance Sector - Untapped Potential
Vietnam Insurance Sector: Untapped Potential
New Delhi, 9th May 2008: In recent years, there has been a significant economic growth in Vietnam of approximately 7.5% per annum. This growth is attributable to the recently adopted strategic and long-term initiatives by the Vietnamese government. These steps have streamlined and improved the economic infrastructure of the country by offering more incentives for foreign investors and implementing a 10 year socio-economic development plan etc.…
India: The Next Insurance Giant
New Delhi, May 6th 2008: Indian economy is the 12th largest in the world, with a GDP of $1.25 trillion and 3rd largest in terms of purchasing power parity. With factors like a stable 8-9 per cent annual growth, rising foreign exchange reserves, a booming capital market and a rapidly expanding FDI inflows, it is on the fulcrum of an ever increasing growth curve.
Insurance is one major sector which has…
China: An Insurance Giant
China has been the fastest-growing nation for the past quarter of a century with an average annual GDP growth rate above 10%. Chinese economy is the 4th largest in the world after the US, Japan and Germany, with a nominal GDP of US$3.42 trillion (2007) when measured in exchange-rate terms.
China is the world’s largest untapped insurance market. With GDP growth of over 10% per annum, rapid economic development and a…
