Table of Contents Executive summary ............................................................................3 Global perspective on emerging market growth ............................7 Introduction.........................................

Contents Discussion.................................................................................................. 5 Our Outperform-Rated Recommendations In Brief...............................6 Property-Casualty Insurance Industry Over...

We initiate coverage of Max India with an OUTPERFORM rating and Reliance Capital with a NEUTRAL rating as the two credible plays on the Indian life insurance space. ■ Over the past eight years, the Indian life insurance industry has shown...

目录 Ⅰ 四季度中国保险市场运行状况.......................................1 一、市场整体发展状况.............................................. 1 二、财产险市场运行状况............................................ 3 三、人身险市场运行状况.......

目录 一、行业处于黄金增长期 二、2009年上半年：经济回暖，收益提升 三、2009年下半年：经济回暖与通胀预期 四、保险行业投资策略...

目 录 Ⅰ 一季度中国保险市场运行状况.......................................1 一、市场整体发展状况.............................................. 1 二、财产险市场运行状况............................................ 3 三、人身险市场运行状况......

目录 行业处于黄金增长期 2009年上半年：经济回暖收益提升 2009年下半年：经济回暖与通胀预期 保险行业投资策略...

Contents Prospect of Super-Aged Society Serves as Robust Growth Driver for Non-Life Insurers 3 1. Positives: Growth Potential, Stability, and Favorable Conditions 4 1-1. Growth Potential: Super-Long Growth Exceeding 30 Years Expected 5 1-2...

Contents Good beta: growth back to the fore 3 We expect good growth in life insurance NBV and PC underwriting profits, as margins and the macro environment improve. Asset reflation, a steep yield curve and insurers redeployment into equiti...

Contents The danger is not over 3 #1 Financials MOU: near-term real impact could be limited 3 #2 Investment yield key to profitability 3 #3 Sector consolidation and capital raising 3 Investment view 4 Financials MOU: near-term real impact...