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 Q1 2009
The life and pensions market has observed several competitor developments
and industry trends
Product innovations from life and pensions companies have focused on
financial security and investments to suit the risk profile of today' s
customers
The market continues to be led by strong product innovation levels from
Aviva and Manulife
Life and pensions companies are switching focus back to domestic markets
but emerging markets remain vital
The first quarter of 2009 exposes a slower pace of competitor developments
The number of competitor developments in Q1 2009 totaled to 51
developments
Competitors have focused more on product innovations than M&A,
partnerships and organic growth
Product innovations continues to outweigh customer targeting
developments amongst providers
Product innovation in Q1 2009 has centered on protection insurance and
life-based investment products compared to the previous quarter
Organic growth became slightly less visible in the market in Q1 2009
Competitor developments continue to occur on a global stage
PRODUCT INNOVATION AND CUSTOMER TARGETING
Allianz
Indonesia: Allianz Indonesia surpasses IDR1 billion from microinsurance
business
Aviva
Turkey: AvivaSA Emeklilik ve Hayat introduces ‘The future is in
your hands'
France: Aviva introduces 5% guarantee in 2009 with Aviva Janvier 2010
Germany: Delta Lloyd expands its unit-linked product range
India: Aviva Life Insurance launches Aviva LifeShield Plus
UK: Norwich Union Healthcare adds two health and fitness club providers
UK: Aviva offers tailored packages and services to independent brokers
Axa
UK: Axa increases the age limit on its life cover
UK: Axa offers UK blue-chip equity income fund
Friends Provident
UK: Friends Provident enhances its critical illness cover
UK: Friends Provident simplifies its fund choice for pension scheme
members
UK: Friends Provident' s automated notification service available to
advisers
UK: Friends Provident speeds up payment of Open Market Option transfer
with Options
Liverpool Victoria
UK: LV= offers free critical illness cover to new income protection
customers
Manulife Financial
Canada: Manulife introduces life and critical illness insurance coverage
through Personal Benefits
Canada: Manulife Insurance launches lifestyle-relevant medical plan
Japan: Manulife Japan sells its individual variable annuity insurance
product through The Bank of Yokohama
US: John Hancock Life Insurance launches its new Protection UL-G product
US: John Hancock launches its new Accumulation UL product
UK: John Hancock launches needs-based tools for long-term care (LTC)
insurance marketing
Prudential US
US: PruLife Return of Premium Term now available in New York state
US: Prudential enhances annuity optional benefits
US: Prudential introduces new long-term care insurance
Scottish Widows
UK: Enhancements made to corporate pensions
Skandia
UK: Skandia International introduces a new deal for the New Year
UK: Skandia adds eight Pictet funds to investment platform
UK: Skandia launches PriceWatch, an online calculator for financial
advisers
UK: Skandia offers new online healthcare service to clients
UK: Skandia obtains access to two new Castlestone funds
UK: Skandia plans to increase its passive funds
Zurich
US: Zurich enters into a Microinsurance collaboration with Women' s World
Banking
M&A, PARTNERSHIPS AND ORGANIC GROWTH
Allianz
Germany: Allianz reorganizes its banking business in Germany
Aviva
Netherlands: Delta Lloyd and ABN AMRO to continue their insurance joint
venture
Australia: Aviva ties up with Wide Bay Australia to offer life insurance
Europe: Aviva to rebrand itself in the UK, Poland and Ireland
BNP Paribas
Taiwan: Taiwan Cooperative Bank and BNP Paribas Assurance establish BNP
Paribas Assurance TCB Life Insurance Company
Belgium: New terms governing the acquisition of Fortis' s activities
CNP Assurances
Greece: CNP Assurances completes agreement with Marfin Popular bank
France: Caisse Nationale des Caisses Epargne to transfer its CNP
Assurances shares to the central body of the merged Caisses d' Epargne and
Banques Populaires groups
Friends Provident
India: Friends Provident signs deal with Wipro
ING
Canada: ING completes the sale of ING Canada
Taiwan: ING completes the sale of Taiwanese life insurance business to
Fubon Financial Holding
Lincoln National
US: Lincoln Financial Group enters into a reinsurance agreement with
Commonwealth Annuity and Life Insurance Company
Liverpool Victoria
UK: LV= Broker division expands network in Birmingham
UK: Capita acquires Hero insurance services
Manulife Financial
Japan: Manulife Japan sells Yume-no-Teikibin through Bank of
Tokyo-Mitsubishi UFJ
China: Manulife-Sinochem inaugurates its new sales office in Mianyang
Old Mutual
US: Old Mutual' s US life offshore business to close to new business
Prudential
Taiwan: Prudential to transfer agency force and assets and liabilities
of agency distribution business in Taiwan to China Life Insurance
Prudential US
Japan: Gibraltar Life signs a definitive agreement to serve as
reorganization sponsor for Yamato Life
US: New York Metropolitan Transportation Authority selects Prudential
Retirement as its third party service provider
The Co-operative Bank
UK: Britannia and Co-operative to merger
APPENDIX
Methodology
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: Total competitor developments in the first quarter of 2009 remain
similar to the last quarter of 2008
Figure: Competitors have put similar degrees of focus on product
innovations and, M&A, partnerships and organic growth
Figure: Product innovations feature more strongly than customer targeting
Figure: Product innovations to protection and investments feature more in
Q1 2009
Figure: Competitors have shifted focus away from organic growth
Figure: Activities in emerging markets feature less among developments in
Q1 2009
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