General Insurance Company In Malaysia - Emerging Foreign Multinationals

General Insurance Company In MalaysiaAlmost every international insurance company has looked at opportunities in Asia and by now, most have some sort of presence. By the beginning of 2008, of the top 30, listed, non-Asian insurers in the world, 25 had established some form of life insurance operation in one or more Asian countries. Allstate, Great-West, Power, Loews, and Lincoln National are the only five insurers out of the top 30 not to have any Asian presence. However, up till now, there are only a handful of MNCs that have established a significant presence across multiple Asian countries. Most of the newer MNC players have only ramped...

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Large Insurance Companies In US - Well Established Foreign Multinationals

Large Insurance Companies In USA handful of foreign multinationals such as AIG, Prudential (UK), ING, and Manulife, already have a sizeable share in a number of Asian markets and generate a significant proportion of their global profit from this region. However large their current market positions, these players still only occupy a small share of the overall Asian market, but their future growth potential remains very significant. Total market share of all foreign players across Asia is 25 percent in 2008, and we see this increasing to 30-35 percent within the next 10 years. The leading multinational players share a number of characteristics....

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Life Insurance Companies In Asia - Smaller Foreign And Local Players

Life Insurance Companies In AsiaChasing the large incumbents are the smaller foreign and local players. Most of these players have a much shorter history than the incumbents, and they have accumulated only single-digit market shares over several years. The strategic imperatives for these players depend on whether they are in more mature or nascent markets. In many of the Asian markets the landgrab phase is over, and, consequendy, smaller foreign and local players are likely to find it much more difficult to expand significantly beyond their current market position in a short period of time. Therefore, they need to choose whether to remain...

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Life Insurance Growth In India - Creating New Growth Horizons

Life Insurance Growth In IndiaBeyond improving the core, which inevitably takes years to complete (and is very much an ongoing effort), incumbent insurers in Asia need to rebuild momentum and develop new growth options. They can look at new channels or business models, other businesses in financial services, and other markets to expand into. The challenges involved in making this work are enormous and cannot be undertaken where there is risk of undermining the core business or removing the focus away from the required improvements stated above. The Asian life insurance incumbents are still relying largely on their massive sales forces -...

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