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Oct 19, 2012

Aluminium Pipes,Tubes and Wire Package Market for Global, Asia, America, Africa, Europe (East and West)



The report provides a comprehensive and detailed analysis on Aluminium Pipes and Tube market and Aluminium Wire Industry.

The market research report package offers a perspective on the actual market situation, trends and future outlook for aluminium pipes, tubes and wires in different countries around the world. The studies provide essential market information for decision-makers including:

- Overall market value for aluminium pipes, tubes and wires in different countries
- Overall market volume for aluminium market pipes, tubes and wires in different countries
- Market value and volume for aluminium pipes, tubes (Aluminium alloy, not alloyed) and wires (Alloy (> 7mm), alloy (< 7mm), not alloyed (>7mm), not alloyed (< 7mm))
by type
- Product prices
- Forecasts and future outlook of the market
- Country overview, macroeconomic indicators and indicators of doing business

These market studies answer to questions such as:

- What is the size of the aluminium pipes, tubes and wires markets in different countries around the world?
- How are the markets divided into different types of products? Which products are growing fast?
- How the markets have been developing? How does the future look like?
- What is the potential for the markets?
- How the indicators of doing business look like? For example, how easily the contracts are being enforced, or what is the inflation rate and how is it developing?

Countries included in the package:

Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Lithuania, Macedonia, Malaysia, Mexico, Mongolia, Morocco, Nepal, Netherlands, Norway, Oman, Pakistan, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Senegal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Tanzania, Thailand, Turkey, Ukraine, United Kingdom, United States and Vietnam

Get comprehensive table of contents of Global Aluminium Pipes and Tubes market @ http://www.reportsnreports.com/reports/198412-aluminium-pipes-and-tubes-global-markets-package.html

Geographic Countries covered in Aluminium Pipes and Tubes Market:

· Asia

· America

· Africa

· Europe

· Eastern Europe

· Western Europe

Countries included in each geographic location are different and can be seen in their respective report.

Countries included in the Global Aluminium Wires package:

Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Lithuania, Macedonia, Malaysia, Mexico, Mongolia, Morocco, Nepal, Netherlands, Norway, Oman, Pakistan, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Senegal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Tanzania, Thailand, Turkey, Ukraine, United Kingdom, United States and Vietnam

Get a copy of Global Aluminium Wire Market @ http://www.reportsnreports.com/reports/198495-aluminium-wire-global-markets-package.html

Geographic Countries covered in Aluminium Wire Package Market are as follow:

· Asia

· America

· Africa

· Europe

· Eastern Europe

· Western Europe

Oct 17, 2012

Reinsurance in the Philippines, Key Trends and Opportunities to 2016


The Philippine reinsurance segment declined in 2009 as a result of the global economic crisis, before recovering and recording annual growth of 3.6% in 2010 and 3.0% in 2011. During the review period, the Philippine reinsurance segment was dominated by National Reinsurance Corporation of the Philippines (PhilNaRe), which has been awarded a financial strength rating of “B++” and an issuer credit rating of “bbb” from AM Best. The company’s adequate capitalization, established market presence and conservative investment portfolio are major contributors to its status as the most successful reinsurer in the Philippines. Its conservative investment portfolio also allowed PhilNaRe to generate a stable investment income during the review period.

Growth in the direct insurance segments, including life, non-life, and personal accident and health insurance, is expected to drive the reinsurance segment over the forecast period. As insurance companies tend to share some proportion of their risk with reinsurers, this creates significant opportunities for reinsurance companies operating in the Philippines. The occurrence of natural disasters in the country has also compelled insurance companies to cede part of their written premium to reinsurers. The reinsurance segment in the Philippines is expected to register a CAGR of 1.9% over the forecast period. 


Report Details:

Published: October 2012
No. of Pages: 99
Price:Single User License:US$1950 Corporate User License:US$3900


Regulatory standards expected to drive the growth of reinsurance
According to the solvency standards introduced by insurance regulatory authority the Insurance Commission, all existing incorporated insurance companies are required to maintain a minimum paid-up capital requirement of PHP175 million (US$4.0 million), PHP250 million (US$5.8 million), PHP450 million (US$10.4 million), PHP625 million (US$14.4 million), PHP800 million (US$18.5 million) and PHP1 billion (US$23.1 million) by the end of 2011, 2012, 2013, 2014, 2015 and 2016 respectively. However, new companies entering the industry will have to maintain a minimum paid-up capital of PHP1 billion (US$23.1 million).  This will lead to a larger financial burden on insurance companies.

Flexible reinsurance regulation dramatically increases the competitiveness of the segment
The absence of regulation to force insurers to spend a minimum percentage of their contract premium with the state-owned reinsurer increases the competitiveness of the Philippine reinsurance segment. Insurers can, therefore, decide whether to choose a domestic or foreign reinsurance partner. PhilNaRe is the only domestic reinsurer operating in the Philippine reinsurance segment.

Growth of various insurance segments expected to drive growth of reinsurance segment
The written premium value of the Philippine insurance industry registered a CAGR of 2.2% during the review period. In 2011, the life insurance segment accounted for 70.5% of the industry, followed by the non-life segment with a 25.1% share, and the personal accident and health segment with a 4.4% share. During the review period, the personal accident and health segment registered the highest CAGR of 16.1%.

Non-Life Insurance in the Philippines, Key Trends and Opportunities to 2016


The Philippine non-life insurance segment grew in written premium value at a compound annual growth rate (CAGR) of 8.9% during the review period (2007–2011). This was supported by the country’s economic growth, expanding automobile industry, improving awareness of the benefits of insurance and demographic changes such as its growing middle-class population. Over the forecast period (2012–2016), the non-life insurance segment’s growth will be driven by the development of the automobile industry and the rising construction activity in the country. Property insurance is the largest category in the non-life segment, which accounted for 45.2% of the category’s written premium in 2011, followed by motor insurance with 37.0%. The marine, aviation and transit, and general liability insurance categories accounted for 13.1% and 4.7% shares respectively.

Property and motor insurance categories will drive the non-life segment
Property insurance accounted for the largest share of the Philippine non-life insurance segment during the review period, with 45.2% of the total non-life insurance written premiums in 2011. Despite the global economic crisis, property insurance grew at a CAGR of 8.1% during the review period. This category is expected to grow at a CAGR of 5.5% over the forecast period. Furthermore, the country’s rising consumer disposable income levels and expanding middle-class population are encouraging the growth of the Philippine automobile industry. Consequently, new vehicle sales in the Philippines increased significantly in 2011, and are expected to continue increasing over the forecast period. As the automobile industry expands, the customer base and demand for motor insurance also increases. As a result, the motor insurance category registered a CAGR of 9.6% during the review period.

Opportunity from an underdeveloped customer base
The Philippine non-life segment grew in value at a CAGR of 8.9% during the review period. The non-life segment also recorded an annual growth rate of 10.8% during 2011. Non-life insurance penetration as a percentage of GDP was 0.34% in 2011, which is considerably lower than that of other Asian countries such as Malaysia, China and India with penetration levels of 1.49%, 0.99% and 0.41% respectively. This low penetration rate reflects the large underdeveloped customer base in the Philippines, and with less than 13% of the population having any kind of insurance, there is a huge potential for non-life insurance, particularly in the property and motor insurance categories.

Expanding middle-class population and rising per capita annual disposable income
The Philippines recorded sustained economic growth during the review period, with an expanding middle-class population and rising disposable income levels. The country’s per capita annual disposable income (PCADI) increased at a CAGR of 6.7% during the review period. This growth in PCADI, rising consumer awareness and the frequent occurrence of natural disasters is expected to drive the growth of the non-life segment over the forecast period. 

Reinsurance Trends and Opportunities in India to 2016


In terms of gross written premiums, the Indian reinsurance market value grew at a CAGR of 12.2% during the review period (2007−2011). The increase was partially due to the robust growth posted by the insurance industry, coupled with the growing participation of foreign reinsurance companies. This was further supported by India’s positive economic growth, increasing employment rates and rising levels of life expectancy. These indicators are expected to support the Indian reinsurance segment over the forecast period (2012−2016).

Robust insurance industry growth fuels reinsurance segment
The Indian reinsurance segment’s growth is dependent on the growth of the country’s life, non-life and personal accident and health insurance segments. However, the percentage of reinsurance ceded is higher for non-life and personal accident and health insurance than for life insurance. The reinsurance segment posted a CAGR of 12.2% during the review period, which was driven by growth across all segments. During the review period, the insurance industry as a whole grew at a CAGR of 16.9%. Life insurance which constitutes 86.0% of total insurance industry registered a similar CAGR of 16.9% while non-life insurance registered a CAGR of 12.8% and personal accident and health insurance achieved an impressive CAGR of 33.4%.

General Insurance Corporation (GIC) is anticipated to control the reinsurance segment

The majority of Indian reinsurance is sourced from the General Insurance Corporation (GIC) and European reinsurers with bases in Asia. Over the forecast period, it is expected that GIC will retain its market-leading position in the Indian reinsurance segment. However, the growing interest of overseas reinsurers to participate in the Indian reinsurance segment is anticipated to intensify the level of competition. 


Facultative reinsurance product category will continue to dominate the reinsurance segment

The facultative reinsurance product category accounted for 51.7% of the Indian reinsurance segment in 2011, while the treaty reinsurance category had a relatively lower market share of 48.3%. The share of treaty reinsurance products is expected to increase to 54.5% in 2016, due to floods in Uttarakhand.

Growing interest of foreign reinsurers to intensify competition over the forecast period

Over the forecast period, the level of competition in the Indian reinsurance segment is expected to increase following the IRDA’s proposal to permit foreign reinsurance companies to establish branches in the country. As it stands very few foreign reinsurance companies operate in India, and those which do provide services to Indian insurance firms generally operate outside the country. However, leading global reinsurance companies Berkshire Hathaway Re entered the reinsurance segment and will be the lead reinsurer for Bajaj Allianz and National Insurance. Other leading global reinsurers such as SCOR Re and Asia Capital Re increased their exposure to India during the review period. The growing interest of global reinsurance companies is expected to intensify competition over the forecast period.

Report Details:
Published: October 2012
No. of Pages: 92
price:Single User License:US$1950 Corporate User License:US$3900




Trends and Opportunities in India Non-Life Insurance Market


The Indian non-life insurance segment registered significant growth during the review period, despite the global financial crisis in 2009. The increase was due to the favorable regulation for motor insurance such as compulsory third-party liability insurance and rising property prices in major Indian cities including Mumbai and Bangalore. This was further encouraged by rising income levels, which increased demand for motor and agriculture insurance. These factors are expected to enable the segment to grow at a CAGR of 11.3% over the forecast period.

The segment is dominated by public sector insurers, and the combined market value of all the private non-life insurers is less than half of the total non-life insurance written premium. Public sector insurers are expected to continue to dominate the segment over the forecast period, whereas private non-life insurers are expected to gradually increase their market shares. Although the Indian non-life segment grew rapidly during the review period, it remains largely underpenetrated because of various limitations, such as poor awareness of the benefits of non-life insurance, low penetration in rural areas, and a lack of an effective distribution model.

Surging automobile and property and construction markets

The Indian industrial and commercial construction market is expected to grow at a CAGR of 11.1% over the forecast period, while the residential property market is projected to achieve a CAGR of 9.8%. In addition, the automobile market is anticipated to grow at a CAGR of 9.7%. With the compulsory auto insurance law and increasing awareness of property insurance, the non-life segment will be driven by the growth in these industries.

Motor insurance is expected to remain the largest category

The motor insurance category is expected to further increase its dominance in the non-life segment over the forecast period. In 2011, the motor insurance category accounted for 52.5% of the total Indian non-life insurance segment, while the property category accounted for 36.6%, and the marine, aviation and transit category had a considerably lower share of 8.5%%. The motor insurance category’s share is expected to increase to 54.5% in 2016, primarily due to the rising automobile sales and consumer income levels.

Increase in FDI limit will be a key growth factor

The Insurance Regulatory and Development Authority’s (IRDA’s) proposal to increase the foreign direct investment (FDI) limit for insurance companies from 26% to 49% will be a key growth driver for the non-life insurance segment. The increase in FDI is expected to generate an increase in equity investments by foreign insurers, which is likely to result in an improvement in the quality of services of Indian insurers. The increased equity can also be used to develop the penetration and effectiveness of the insurance distribution network in India. 

Get a copy of this report @ http://www.reportsnreports.com/reports/197568-non-life-insurance-in-india-key-trends-and-opportunities-to-2016.html

Report Details:
Published: October 2012
No. of Pages: 256
Price:Single User License:US$1950 Corporate User License:US$3900