Life and Pensions Competitor Tracker: Q3 2008

This publication has been discontinued on July 19, 2011.

Introduction

Abstract

Introduction

The Life and Pensions Competitor Tracker tracks strategic developments in product innovation, customer targeting, M&A, partnerships and organic growth. It provides expert analysis about trends developing in the global market, supported by the strategic moves of 42 of its leading competitors.

Reasons to Purchase

*Track the strategic developments announced by 42 of your key competitors.

*Assess which geographies and strategic areas are seeing the most activity.

Table of Contents

Overview 1
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Table of figures 3
Table of tables 4
Introduction 5
The Life and Pensions Competitor Tracker provides both one month and 12 month views of developments 5
Datamonitor tracks 42 key life and pensions providers and distributors each quarter 5
Datamonitor' s Life and Pensions Team provides analysis of the key developments 5
A fully searchable database of the past 12 months of developments is also delivered alongside in the report 6
KEY TRENDS AND DEVELOPMENTS IN Q3 2008 7
The life and pensions market has observed several competitor developments and industry trends 7
There have been a large number of product innovations to suit changing consumer behavior 7
The market is being led by strong product innovation levels by Aviva and Manulife 7
The continued growth in emerging markets by life and pensions companies 9
The third quarter of 2008 records competitors undergoing necessary developments 10
The number of competitor developments in the quarter totaled to 71 developments 10
Product innovation and customer targeting developments featured more strongly in the third quarter than M&A, partnerships and organic growth 10
Product innovation is rife in the life and pensions market 11
Production innovation is occurring across the range of life and pensions products 12
Partnership activity is becoming more visible in the market 13
Competitor developments continue to be set in a global arena 14
PRODUCT INNOVATION AND CUSTOMER TARGETING 16
Allianz 16
Allianz launches Invest4Life variable annuities in Europe - July 2008 16
Aviva 17
Aviva announces £1 billion reattribution offer - July 2008 17
Aviva reveals lower threshold for taking out Sélection International life insurance for entrepreneurs and business owners - July 2008 18
Aviva launches a new life insurance policy: Aviva Vie Entiére - July 2008 18
Aviva Australia adds "super fast" access to pension payments - July 2008 18
Aviva adds to traditional plan portfolio in India - July 2008 18
Aviva India launches two new unit-linked plans - July 2008 19
Cajamurcia launches systematic individual savings plans in Spain - July 2008 20
Aviva offers the first ' love insurance' cover for single people - August 2008 20
Delta Lloyd announces free occupational incapacity information package - August 2008 20
Norwich Union launches new version of capital protected plan - August 2008 21
Delta Lloyd offers introduces value transfer at market interest rates - August 2008 21
Delta Lloyd issues new tariffs for company pension schemes - August 2008 22
Delta Lloyd introduces improved prices for its Personal Pension Plan - September 2008 22
Aviva launches new advertising campaign in the Czech Republic - September 2008 23
Aviva' s Tension Chhodo Cricket Khelo viewed as a success - September 2008 23
Aviva is expanding its Czech product range with a capital-guaranteed life insurance policy - September 2008 23
Aviva India launches the IndiaBond, an endowment plan with guaranteed return - September 2008 23
Norwich Union introduces improvements to annuity pricing model - September 2008 24
www.bonconseil.fr - A savings and investments tool is available to the general public - September 2008 24
Barclays 25
Barclays offer new life insurance product with discounts - September 2008 25
Friends Provident 25
eSelect makes Income Protection available on its online underwriting system - July 2008 25
Guardian 25
Guardian reinvents individual worksite disability income insurance with DI@Work - July 2008 25
Guardian launches innovative critical illness coverage - August 2008 26
Guardian America and soccer star Mia Hamm team up for open enrolment season - September 2008 26
Small business owners, celebrities, community leaders and the insurance industry join forces to raise awareness about life insurance - September 2008 27
HSBC 27
HSBC makes protection easy for small to medium size businesses - August 2008 27
Legal & General 28
Legal & General launches Growth Investment Plan Plus 15 - July 2008 28
Legal & General introduces Annuity Plus, an individually-priced annuity - September 2008 29
Legal & General offers new insurance policy for over 50s with guaranteed acceptance - September 2008 29
Lincoln National 30
Lincoln AssetEdge VUL offers protection and flexibility - September 2008 30
Manulife Financial 30
Manulife Mutual Funds receives regulatory approval to launch Manulife Mawer Mutual Funds - July 2008 30
Manulife Malaysia launches first-of-its-kind investment-linked plan with guaranteed withdrawal benefit - July 2008 30
John Hancock introduces New Protection UL-G - July 2008 31
Manulife has more distributors for investment-type annuity product - August 2008 31
Old Mutual 32
Skandia International launches new offshore protected fund - July 2008 32
SIG launches Global Emerging Markets fund in Sweden - July 2008 32
Prudential Financial 33
Prudential Affinity Alliance established to deliver long term care insurance to the Lesbian, Gay, Bi-Sexual, and Transgender (LGBT) community - July 2008 33
Prudential and Long Term Care Resources establish long-term care discount program for educators - July 2008 33
Prudential Annuities announces Highest Daily Lifetime Seven with Lifetime Income Accelerator - July 2008 34
BB&T Insurance Services offers its customers MyTerm, a new online life insurance product - September 2008 34
Standard Life 34
Standard Life introduces retirement planning tool - July 2008 34
Swiss Re 35
Swiss Re' s Commercial Insurance offers Insurance Agency Umbrella E&O coverage- August 2008 35
The Hartford 35
The Hartford introduces enhancements to Fiduciary Service - July 2008 35
M&A, PARTNERSHIPS AND ORGANIC GROWTH 37
Allianz 37
The Hartford starts cooperation with Allianz All Net - July 2008 37
Allianz Leben increases its share in MLP - August 2008 37
Aviva 37
Delta Lloyd acquires Swiss Life Belgium - July 2008 37
Private pension collaboration from Citibank and AvivaSA - August 2008 38
AXA 38
AXA completes the acquisition of Mexican insurer Seguros ING - July 2008 38
Barclays 38
Barclays announces sale of Barclays Life to Swiss Re - August 2008 38
Barclays signs life insurance arrangement with Norwich Union - August 2008 39
BNP Paribas 39
Fidelity appoints BNP Paribas Securities Services as custodian and fund administrator for its new range of retirement funds - September 2008 39
CNP 40
CNP Assurances and Marfin Popular Bank set up a strategic partnership in Greece and Cyprus - July 2008 40
HSBC 40
HSBC signs up Standard Life to provide group SIPP - September 2008 40
ING 41
ING closes acquisition of CitiStreet - July 2008 41
Manulife Financial 41
Manulife-Sinochem develops business in China - September 2008 42
Nationwide 43
Nationwide announce plans to operate in Irish Republic - August 2008 43
Nationwide to merge with the Derbyshire and the Cheshire building societies - September 2008 43
Nordea 43
Nordea life & pensions expands into the Baltic region - September 2008 43
Prudential US 44
Prudential to acquire MullinTBG Insurance Agency Services - September 2008 44
Swiss Life 44
Carsten Maschmeyer to buy into Swiss Life - August 2008 44
Swiss Re 45
Barclays announces sale of Barclays Life to Swiss Re - August 2008 45
The Hartford 45
The Hartford to enter the German pensions market - (Organic growth) Sept08 45
Zurich 45
Zurich acquires 50% stake in Caixa Sabadell' s life and general insurance business - August 2008 45
Zurich formalizes insurance business partnership with Banco Sabadell in Spain - September 2008 45
APPENDIX 46
Methodology 47
Further reading 47
Ask the analyst 47
Datamonitor consulting 47
Disclaimer 48
List of Tables
Table 1: The 42 companies covered by Datamonitor' s Life and Pensions Competitor Tracker 5
Table 2: Competitors achieving more than 3 product innovations in the past 12 months 8
List of Figures
Figure 1: Competitor developments in the third quarter outweigh the second quarter by 71 to 55 developments 10
Figure 2: M&A, partnerships and organic growth activities picked up in the third quarter of 2008 11
Figure 3: 2008 is characterized by high levels of product innovation 12
Figure 4: Product innovation by competitors is happening across the range of life and pensions products 13
Figure 5: Quarter three saw a pick-up in partnership activity 14
Figure 6: Competitor developments are exhibited internationally 15

Related Reports