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Lucintel Estimates Good Growth for the Top Five Global Insurance Companies: Expected to Reach US $7317 Billion by 2017.
Irving, TX (PRWEB) October 13, 2012
The global insurance industry has overcome the hurdle of global recession and is focused on building strong organic growth to promote a culture of confidence and trust and motivate social development. The industry reached an estimated US $5525 billion in 2011 with a CAGR of 2% during 2006-2011. Europe dominates the global industry share. A set of factors impact the industry such as demographic condition, interest rate fluctuation, and government regulation.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the top five global insurance companies and presents its findings in "T op Five Global Insurance Companies: Performance, Strategies, and Competitive Analysis". This study intends to provide the industry leaders a brief and comparative overview of world's top five global insurance companies, their geographical footprints, financial metrics, market performance, corporate strategies and SWOT analysis.
These companies are faced with certain challenges. Uncertain economic conditions and natural catastrophes, including severe weather in tornados, wildfires in Canada, floods in Thailand, and the tsunami in Japan led to economic losses which impacted the industry's growth and revenue generation. Entry barriers in some economically emerging countries such as India, China, and Romania forced the companies to enter joint ventures.
The global insurance industry started increasing as the demand for insurance in emerging market increased with improved sales, lower lapses, and aging population. Another reason is that the companies started branding strategies that made them more competitive in consumer sales, enhanced their products, and improved human focus which acted as a driver for the industry.
Lucintel makes a competitive analysis of the following companies:
Assicurazioni Generali SpA
The data and analysis found in this report can be utilized for various business reasons, competitive business development, strategic planning, determination of market size, investment decisions, and product development. Global financial turbulence hampered the growth that the industry enjoyed prior to recession but aggressive corporate strategies helped them to somewhat regain the market.
For a detailed table of contents and pricing information on this timely,market report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com
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