Introduction to the Insurance Industry
Insurance and risk management make up an immense global industry. According to a survey conducted by a leading global insurance firm, Swiss Re, worldwide insurance premiums totaled $4.06 trillion in 2009 (the latest data available), down from $4.27 trillion in 2008. This was equal to 6.98% of global GDP. Global life insurance premiums were $2.33 trillion during 2009, while all other types of insurance totaled $1.73 trillion.
In America alone, the insurance business employed about 2.24 million people in 2009, and gross insurance premiums totaled $1.34 trillion. More than 4,000 companies underwrite insurance in America, but the industry is dominated by a handful of major players.
Total insurance premium volume for 2009 was $1.61 trillion in Europe; $989.4 billion in Asia; $110.9 billion in Latin America and the Caribbean; $28.5 billion in the Middle East and Central Asia; and $54.7 billion in Africa. Again, these figures are from Swiss Re (www.swissre.com/sigma/ ).
Premiums on a per capita basis remain very low in much of the world, pointing to excellent long-term opportunity for expansion of sales of insurance products of all types, including annuities. While it will take many years for underdeveloped nations to begin spending significant amounts on insurance products, much of the world is still clearly a fertile field for expansion of companies that are willing and able to invest time and money in emerging markets.
Per capita premiums worldwide were $646 in 2008, compared to $2,990 in North America. More than 87% of that year’s premiums were earned in industrialized nations, leaving a bit more than 12% earned in emerging markets.
read more : http://www.plunkettresearch.com/insurance%20risk%20management%20market%20research/industry%20overview
American Health Insurance Market Trends
40 Insurance Trends for 2011 by Claude Penland, Actuary
- 40 Insurance Trends for 2011 By Claude Penland, Associate of the Casualty Actuarial Society www.InsTrends.com
- One
- 40. Bermuda market may be getting crowded , though Flagstone Re’s Chief Executive Officer said to not count Bermuda out .
- 39. Worldwide Takaful (Islamic insurance) market is growing fast .
- 38. Microinsurance market has promise in developing countries, though it may take an enormous effort .
- Two
- 37. The values of commercial-backed securities on insurance companies’ balance sheets may need to be marked down .
- 36. Consider these ten emerging risks for insurance and reinsurance companies. Reflect on the World Economic Forum’s list , as well as Lloyd’s .
- Three
- 35. Look out for insurance brokers with guns on the high seas.
- 34. Actuarial jobs are the #3 career, according to CareerCast.
- 33. High-risk health insurance pools are only attracting two percent of expected consumers.
- 32. There will be a number of insurance technology challenges , including cloud computing and mobile applications.
- Four
- 31. Obesity costs $300 billion per year , according to the Society of Actuaries.
- 30. What is the future of insurance regulation? Actuaries consider that question .
- 29. Alternative pharmacy networks are emerging , according to Milliman.
- 28. The annual calls for the National Flood Insurance Program to be privatized have begun.
- Five
- 27. Beijing, China automobile traffic is among the worst in the world. Microsoft Research Asia is studying how cabbies get around for better ideas about efficient driving .
- 26. MileMeter’s pay-as-you-drive metered car insurance is growing in popularity .
Insurance Market Trends
Market trends reports covering Insurance typically contain market size, market volume, industry trends, competitor analysis, company profiles and market forecasts. These Insurance market trends reports typically provide detailed analysis of the size and growth of the Insurance market. Please view the table of contents for each report title to understand the specific contents for each report.
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copper price trend forecast 2011
copper price trend forecast 2011 : Gold for February contract was recently at lower levels not seen in a few months. The outlook for gold bullion and safe haven assets is still optimistic today and final results support this thinking.
Generally negative interest rate environment will continue to enforce a safe haven appeal throughout 2011. Gold for February contract was trending negatively at the halfway point of the trading session today, but a rally.
Generally negative interest rate environment will continue to enforce a safe haven appeal throughout 2011. Gold for February contract was trending negatively at the halfway point of the trading session today, but a rally.
Copper 2011 Price Outlook
According to Goldman Sachs, investors can expect 2011 to be another year of rapid price gains for the red metal. On Monday, the investment powerhouse released their projections for the copper market in 2011. They expect accelerating demand and shrinking stockpiles to buoy the metal above $11,000 per tonne. “We maintain our 12-month ahead copper price forecast of $11,000/mt and believe that prices could spike substantially above these levels, most likely in late 2011,” Goldman added.Read More...
Price forecast for 2011.
The price of the copper futures (HG) is currently staying close to the historic high ($4.26), which is a stimulus to perform constant monitoring of the situation. The November up-bar with wide spread and high volume (max volume over the last 7 years) suggests that the big-scale players start taking profit. Defining the further trend will become possible as soon as there are mere signs of one of the variants. Read More...
China smelters, BHP settle 2011 copper prices
SHANGHAI (MarketWatch) -- Chinese smelters have settled 2011 term copper treatment and refining charges with global miner BHP Billiton Ltd. /quotes/comstock/13*!bhp/quotes/nls/bhp (BHP 93.66, +0.27, +0.29%) at $77.0 a metric ton and 7.70 cents a pound, a person with direct knowledge of the situation said Friday. Read More...
Record copper prices fail to register in ETFs
Copper's surge came on the back of US employment figures released last week that showed manufacturing created 49,000 jobs in January. Copper is widely used in the industry and prices for the metal are highly correlated to the business cycle as well as broad economic conditions.Read More...
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