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Market Research Report
Life and Pensions Competitor Tracker, Q4 2008
| Published by |
Datamonitor |
| Published |
February, 2009 |
Product code |
84652 |
| Content info |
35 pages |
| Price |
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Life and Pensions Competitor Tracker, Q4 2008 published by Datamonitor in February, 2009. This report consists of 35 pages and the price starts from US $ 2795.
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.
Key reasons to purchase this research
- 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
- Catalyst
- Summary
- Methodology
INTRODUCTION
- The Life and Pensions Competitor Tracker provides both one month and 12
month views of developments
- Datamonitor tracks 42 key life and pensions providers and distributors
each quarter.
- Datamonitor' s Life and Pensions Team provides analysis of the key
developments
- A fully searchable database of the past 12 months of developments is
also delivered alongside in the report
KEY TRENDS AND DEVELOPMENTS IN Q4 2008
- Previous themes remain in evidence over the quarter, but October was an
anomalous month
- October saw a drastic reduction in innovation
- November saw the return of some trends, but a lack of product innovation
- Developments saw a dramatic upturn in December
- Despite limited developments in emerging markets at the beginning of Q4,
they remain vital to competitors
- The fourth quarter of 2008 records turmoil in the industry
- The number of competitor developments in the quarter stood at 44
- Product innovation and customer targeting developments featured more
strongly in the third quarter than M&A, partnerships and organic growth
- Product innovation returned to the forefront emphatically in December
- In Q4, product innovation was focused on a more limited range of life
and pensions products than earlier in 2008
- Partnership activity stopped at the beginning of the quarter, but out
performed in November and December
- The geographic split remains international
PRODUCT INNOVATION AND CUSTOMER TARGETING
- AMP Life Limited
- AMP launches Pension Refresh facility - October 2008
- Asteron Life Limited
- Asteron updates its Lifeguard range with new features and benefits -
November 2008
- Aviva
- Delta Lloyd introduces new Life Cycles with their Pension Stabilizers
product- October 2008
- Aviva to launch Income Daily Living for high risk occupations and
non-working spouses - December 2008
- Aviva' s superannuation and pension customers gain access to government
deposit - December 2008
- Hibernian Aviva launches ‘Match More, Make More' health insurance
offer - December 2008
- Hibernian Health reduces prices while other insurers hike prices -
December 2008
- Norwich Union Healthcare launches ' Once Only Underwriting' - December
2008
- Norwich Union returns unclaimed cash to customers - December 2008
- Pensioners and employees get an increased adjustment for inflation rate
- December 2008
- Fortis
- Fortis Finance bondholders can opt for early redemption - December 2008
- Friends Provident
- Friends Plan makes the policy available with DJE Managed Depot Funds -
November 2008
- Guardian
- Guardian enhances DHMO/pre-paid coverage - December 2008
- Lincoln Financial
- Lincoln launches two accumulation-focused products - December 2008
- Liverpool Victoria
- LV= strengthens its enhanced annuity offering - November 2008
- Manulife
- Manulife Japan announces sale of New Prosperity Increasing Term Life
Insurance - November 2008
- John Hancock launches Accumulation Variable Universal Life product -
December 2008
- John Hancock launches improved version of its producer website -
December 2008
- Manulife Insurance launches ‘Winning Run' through HSBC Premier -
December 2008
- Manulife-Sinochem launches ‘AN XIN' - December 2008
- Standard Life
- Gissings Consultancy Services select Standard Life DC pension platform
for clients - October 2008
- The Hartford
- The Hartford offers bicentennial freedom policy with optional LifeAccess
accelerated benefit rider - October 2008
M&A, PARTNERSHIPS AND ORGANIC GROWTH
- American Family life
- American Family Insurance expands into Atlanta - December 2008
- Allianz
- Allianz China Life approved to establish Shandong branch - November 2008
- Aviva
- BZWBK- CU Towarzystwo UbezpieczeD (Insurance Company) enters Polish
market - October 2008
- Aviva Life Insurance ties up with Anagram Stockbroking - November 2008
- Sodra deposits LTL33.9m in Aviva Lithuania pension fund - December 2008
- BNP Paribas
- BNP Paribas takes on operations of Fortis in Belgium and Luxembourg -
October 2008
- Friends Provident
- Friends Provident and AmBank Group announce partnership in life
insurance business - December 2008
- GE Capital
- Swiss Re completes $1.5 billion acquisition of Barclays Life Assurance -
October 2008
- ING
- ING acquires Oyak Emeklilik - December 2008
- Irish life
- Irish Life & Permanent acquires Cornmarket Group - December 2008
- Liverpool Victoria
- LV= and Standard Life announce protection partnership - November 2008
- Liverpool Victoria and Nationwide collaborate - December 2008
- Manulife Financial
- John Hancock Financial Network to provide bank-owned life insurance to
independent career firms - December 2008
- John Hancock and ClearCert to provide long-term care insurance training
- December 2008
- Prudential US
- Standard Life
- Standard Life invests in RSM Bentley Jennison' s Financial Management
business - December 2008
- Swiss Life
- Swiss Life opens insurance intermediation office in Dubai - November 2008
- Swiss Life completes purchase of a stake in MLP - November 2008
- The Hartford
- The Hartford closes $2.5 billion investment from Allianz SE - October
2008
- Zurich
- Zurich enters joint venture with Abu Dhabi National Takaful Company -
November 2008
- Zurich announces full ownership of Zurich Retail Insurance in Russia -
November 2008
- Zurich completes acquisition in Compahnia de Seguros Minas Brasil -
December 2008
APPENDIX
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
TABLES
- Table: The 42 companies covered by Datamonitor' s Life and Pensions
Competitor Tracker
- Table: Competitors achieving more than 3 product innovations in the past
12 months
FIGURES
- Figure: Competitor developments in the fourth quarter are down due to
turmoil in October and November
- Figure: In Q4, product innovation and customer targeting were far below
average levels until a recovery in December
- Figure: Developments in product innovation were the hardest hit, but
recovered in December
- Figure: Product innovation is was appealing to safety concerns by
consumers, before branching out again in December
- Figure: Partnership was hard hit in October, but went on to recover in the
rest of Q4
- Figure: The importance placed upon global development was evident
throughout 2008
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