Life Insurance in Asia

Stephan Binder 지음

Wiley 2012년 09월 24일 출간

작품소개

책소개

An incisive look at the war for market share in the Asian life insurance marketAlthough the life insurance industry in Asia has emerged from the financial crisis stronger than ever, it has not escaped unchanged. As the general focus of insurance companies across the continent moves towards profitability beyond growth, tightening regulatory measures, shifts in consumer preferences, and risk tolerance, battle lines have been drawn between local incumbents, attackers, and foreign players. Life Insurance in Asia: Winning in the Next Decade, Second Edition looks at the ways in which small local agencies and multinational companies alike are seizing control of as much of the market as they can by aggressively recruiting new agents, leveraging new channels, and selling new products to cash in on the explosive Asian markets.Thoroughly revised and updated, this new edition offers a comprehensive introduction to the booming Asian life insurance markets and outlines exactly what it takes to capture the opportunities that are emerging. Drawing on the research and experience of the McKinsey Asia financial services team, it includes everything you need to know about the battle for the life insurance market in Asia.Looks at how China and India are becoming increasingly important players on the international life insurance sceneGoes behind the scenes of the Asian life insurance industry and the contentious battle for market shareOutlines the steps to successfully entering, and prospering, in the Asian marketThe life insurance industry in Asia is changing like never before. What the future holds, no one knows, but with Life Insurance in Asia in hand, you'll have a clear idea of the factions in play and the rules of the game.

목차

Acknowledgments ixIntroduction xiWhat Is New in This Second Edition? xiiCHAPTER 1 Emerging Themes in Asia 1A New Paradigm 3Asia as the Emerging Powerhouse in Insurance 4A Heated Battle between Multinationals and Locals 11The Changing Face of Distribution 22Driving Innovation in Insurance 35Changing Product Mix to New Needs of Asian Consumers 40Conclusion 54CHAPTER 2 China: Yes, Size Does Matter 57A Winding Road to the Top 59Rise of the Chinese Giants 62Foreign Multinationals in China: Scaling the Great Wall 66Key Challenges to Overcome in China 71The Future: Growth in Uncertainty 84CHAPTER 3 India: Dance of the Elephant 87Dawn of a New Era 89Changing Landscape of the Life Insurance Market 93Path to Sustainable Growth in the New Normal 96The Future: India Life Insurance 2.0 105CHAPTER 4 Japan: A Giant Awakening? 107Continued Stagnation in the Overall Market 110Shifting Competitive Landscape 112Emerging Opportunities in Certain Product Submarkets 121Increasing Scope for Innovative Sales Models 129The Future 133CHAPTER 5 South Korea and Taiwan: An Increasingly Localized Game 135Highly Mature Markets 138Mismatched Book of Assets and Liabilities 139Entrenched Position of Leading Domestic Players 140Foreign Players Fighting to Gain Share from Local Incumbents 141South Korea: Solid and Resilient 143Taiwan: Darkness before Dawn? 152CHAPTER 6 Hong Kong and Singapore: Refusing to Mature 165Profitable and High-Growth Contributor 170Small but Stable Market for Latecomers 171Attractive Asian Base for Multinational Insurers 172Hong Kong: The China Opportunity Offshore 173Singapore: Structured and Profitable 185CHAPTER 7 Southeast Asia: The Underapprec

작가정보

저자(글) Stephan Binder

저자 :

저자 :

저자 :

저자 :

저자 :
저자 :
저자 :
DR. STEPHAN BINDER is a director in McKinsey #38; Company#39;s Shanghai office and leader of the Insurance Practice in the Asia#45;Pacific region. He has been with McKinsey since 1995 and is an advisor to many of the region#39;s leading insurance companies and banks, with a long track record of successfully working with leading local companies and multinationals in Asia, Europe, and North America. Stephan has been published widely and is a prominent speaker at conferences on financial services topics. A German national, he holds a PhD from the University of M??nster and a master of business administration and economics from the Witten/Herdecke University.JOSEPH LUC NGAI is the managing partner of McKinsey #38; Company#39;s Hong Kong office, and leads McKinsey#39;s life insurance practice in Asia. He has advised several leading domestic and multi#45; national insurers and banks in Asia, counseling many of them through multi#45;year transformation journeys. He is a sought#45;after speaker on financial topics, and has appeared frequently at industry conferences as well as in the media. A Hong Kong native, he holds an AB from Harvard University, a JD from Harvard Law School, and an MBA from Harvard Business School.