National Life GroupStore this angel in big sizeMontpelier, VT – National Life Insurance Company, a affiliate of National Life Group, has alien a new accepted activity product, NaviStar, to an already able-bodied artefact portfolio. With this newest addition, National Life Group is alms added options and adaptability to advice accommodated its clients’ needs, in particular, ancestors protection, business planning, and abundance transfer.
NaviStar Universal Life is a adjustable premium, adjustable afterlife account arrangement that can be customized through alternative riders to accommodated a advanced array of allowance needs. This artefact may aswell be an addition to No Lapse Guarantee articles alms agnate exceptional levels with the added account of exceptional flexibility.
“NaviStar offers audience an able way of accouterment added advantage on addition insured such as a spouse, children, or a business partner,” states Mehran Assadi, President, Life and Annuity, National Life Group. “NaviStar’s riders aswell action active allowances to awning costs associated with a abiding or terminal illness. It is a multi-faceted artefact accessible to accommodated the assorted needs of our clients, all aural one arrangement for one premium.”
###
Matt DeSantos
National Life Group
One National Life Drive
Montpelier, VT 05604
802-229-7023
MDesantos@nationallife.com
About National Life Group
National Life Group is a adapted ancestors of banking account companies fabricated up of its flagship company, National Life Insurance Company, founded in Montpelier, Vermont in 1850, Life Insurance Company of the Southwest, Dallas, Texas, Sentinel Asset Management Inc., Equity Services, Inc. and National Retirement Plan Advisors Inc., all amid in Montpelier, Vermont. Companies in the accumulation action a absolute portfolio of activity insurance, accomplishment and equity* articles to advice individuals, families and businesses accompany their banking goals.
---
National Life Insurance Company is accountant in all 50 states and the District of Columbia. National Life Group is a tradename of National Life Insurance Company and its affiliates. Each aggregation of the National Life Group is alone amenable for its own acknowledged obligations.
Navistar Universal Life Insurance, anatomy alternation 8522(0707)/8523(0707). Policy loans and withdrawals, and cancellation of accelerated allowances abate the policy’s banknote amount and afterlife account and may aftereffect in a taxable event. The Other Insured Rider is optional, accessible at added cost, and is not accessible in all states.
Securities are offered alone through Registered Representatives of Equity Services, Inc., Member FINRA/SIPC, One National Life Drive, Montpelier, Vermont, 05604, 802-229-3900.
TC37785(1007)
2009年12月16日星期三
National Life Group - National Life Group Insurance Company Introduces “Next Generation” UL Product
Store this angel in big sizeMontpelier, VT, January 17, 2008 – Life Insurance Company of the Southwest (LSW), a affiliate of National Life Group, has added two accepted accepted activity products, Harbor and Horizon, aural its absolute artefact portfolio. National Life Group continues to action added options and adaptability for its audience in the middle, arising affluent/affluent, and business buyer markets.
Harbor and Horizon Universal Life articles acquiesce two added opportunities for those gluttonous acceptable anchored accepted activity artefact solutions with top accepted and affirmed rates. In addition, they are the aboriginal LSW articles advised for the alimony planning market. Harbor continues to be a average bazaar artefact absorption on ancestors aegis with restructured guarantees: 5% affirmed absorption amount for the aboriginal 10 years and 3% thereafter. Horizon is a flexible, banknote accession artefact a lot of applicative for the arising affluent/affluent markets. With the accession of the Additional Protection Benefit (APB) and Balance Sheet Benefit (BSB) riders, Horizon is decidedly accordant for the business buyer bazaar as well.
“We accept taken our two accepted accepted activity affairs and added them while attention our notable active allowances riders which accommodate allowances in case of a critical, chronic, or terminal illness,” states Mehran Assadi, President, Life and Annuity, National Life Group. “With added flexibility, added options, and new riders, Harbor and Horizon abide to focus on the banking needs of our multi-market audience through activity insurance.”
Contact: Matt DeSantos
802-229-7023
MDesantos@nationallife.com
About National Life Group
National Life Group is a adapted ancestors of banking account companies fabricated up of its flagship company, National Life Insurance Company, founded in Montpelier, Vermont in 1850, Life Insurance Company of the Southwest, Dallas, Texas, Sentinel Asset Management Inc., Equity Services, Inc. and National Retirement Plan Advisors Inc., all amid in Montpelier, Vermont. Companies in the accumulation action a absolute portfolio of activity insurance, accomplishment and equity* articles to advice individuals, families and businesses accompany their banking goals.
Life Insurance Company of the Southwest is accountant in all states except New York and does not action allowance in New York. National Life Group is a barter name of National Life Insurance Company and its affiliates. Each aggregation of the National Life Group is alone amenable for its own acknowledged obligations.
Harbor and Horizon Universal Life Insurance, anatomy alternation 8514(0707)/8515(0707), are underwritten by Life Insurance Company of the Southwest, Dallas, Texas. Products and riders are not accessible in all states. Current ante are not guaranteed. Use of active allowances will abate the banknote amount and afterlife benefit.
* Securities are offered alone through Registered Representatives of Equity Services, Inc., Member FINRA/SIPC, One National Life Drive, Montpelier, Vermont, 05604, 802-229-3900. All companies referenced are affiliated.
Harbor and Horizon Universal Life articles acquiesce two added opportunities for those gluttonous acceptable anchored accepted activity artefact solutions with top accepted and affirmed rates. In addition, they are the aboriginal LSW articles advised for the alimony planning market. Harbor continues to be a average bazaar artefact absorption on ancestors aegis with restructured guarantees: 5% affirmed absorption amount for the aboriginal 10 years and 3% thereafter. Horizon is a flexible, banknote accession artefact a lot of applicative for the arising affluent/affluent markets. With the accession of the Additional Protection Benefit (APB) and Balance Sheet Benefit (BSB) riders, Horizon is decidedly accordant for the business buyer bazaar as well.
“We accept taken our two accepted accepted activity affairs and added them while attention our notable active allowances riders which accommodate allowances in case of a critical, chronic, or terminal illness,” states Mehran Assadi, President, Life and Annuity, National Life Group. “With added flexibility, added options, and new riders, Harbor and Horizon abide to focus on the banking needs of our multi-market audience through activity insurance.”
Contact: Matt DeSantos
802-229-7023
MDesantos@nationallife.com
About National Life Group
National Life Group is a adapted ancestors of banking account companies fabricated up of its flagship company, National Life Insurance Company, founded in Montpelier, Vermont in 1850, Life Insurance Company of the Southwest, Dallas, Texas, Sentinel Asset Management Inc., Equity Services, Inc. and National Retirement Plan Advisors Inc., all amid in Montpelier, Vermont. Companies in the accumulation action a absolute portfolio of activity insurance, accomplishment and equity* articles to advice individuals, families and businesses accompany their banking goals.
Life Insurance Company of the Southwest is accountant in all states except New York and does not action allowance in New York. National Life Group is a barter name of National Life Insurance Company and its affiliates. Each aggregation of the National Life Group is alone amenable for its own acknowledged obligations.
Harbor and Horizon Universal Life Insurance, anatomy alternation 8514(0707)/8515(0707), are underwritten by Life Insurance Company of the Southwest, Dallas, Texas. Products and riders are not accessible in all states. Current ante are not guaranteed. Use of active allowances will abate the banknote amount and afterlife benefit.
* Securities are offered alone through Registered Representatives of Equity Services, Inc., Member FINRA/SIPC, One National Life Drive, Montpelier, Vermont, 05604, 802-229-3900. All companies referenced are affiliated.
The Knowledge Centre - Thailand Insurance Sector
New Delhi, 30th May, 2008 - Thailand is the 2nd better abridgement in Southeast Asia, afterwards Indonesia. It ranks amid in the abundance advance in South East Asia and is the 4th richest nation per capita, afterwards Singapore, Brunei, and Malaysia. The Thai abridgement in 2008 is forecasted to abound at 5.6% (in the forecasted ambit of 5.0-6.0%). This amount is an advance on 4.8% advance in the antecedent year according to Fiscal Policy Office (FPO), Ministry of Finance. In 2008 accelerated accessible area spending led to accretion in calm appeal which is accepted to be far added counterbalanced bread-and-butter expansion. Government action would again be affected to activate the calm economy. This happens if alien appeal is acceptable to be ashen from accessible all-around bread-and-butter slowdown. External adherence in 2008 will abide able with accepted anniversary surplus estimated to be 0.5% of GDP (in the ambit of 0.3-0.8% of GDP). In contrast, centralized adherence in 2008 may accept some accident with accretion banderole aggrandizement at 4.5% (in a ambit of 4.3-4.8%). This is mainly due to ascent activity and aliment prices in the apple markets.
According to ‘The Economist’, absolute GDP advance will apathetic down by 1.15% p.a over the next 4 years (2008-12), as compared to 5.3% p.a in accomplished 3 years back 2007. This dawdling of GDP can be attributed to assorted abrogating factors, such as political uncertainty, alternation of adopted barter rates, and connected top petroleum prices in 2006.
The Thai allowance industry, alternating with the added Thai economy, has now about recovered from the base of the Asian banking crisis and is experiencing noteworthy growth. The trend is accepted to abide as accessible acquaintance of the charge for allowance increases.
Market Performance and Forecast
Within a amount of 7 years (2000 - 2007), Thai Insurance Sector has accomplished a advance of 191% currently valuated at $9,434.72 million. The Knowledge Centre predicts, the all-embracing bazaar admeasurement will access by 72.5% added and is accepted to blow the highs of $13,012.75 actor by 2011.
The activity allowance bazaar in Thailand amid 2000 and 2007 added at a CAGR of 16.57%. The Knowledge Centre envisages that this trend would abide and the bazaar will see CAGR of 5.75% in 5 years and ability $8,306.21 actor in 2011.
The non-life allowance bazaar in Thailand amid 2000 and 2007 added at a CAGR of 10.73%. The Knowledge Centre aswell forecasts that the advance will abide and the bazaar will see CAGR of 8.34% in the next 5 years with the premiums extensive $4,706 actor by 2011.
Competitive Landscape
Some of the top adopted allowance companies in Thailand are ACE, AIG, Allianz, AXA, Generali, ING, Millea Holdings, Manulife, New York Life and Prudential (UK). The bazaar is bedeviled by AIA, the bounded name of AIG that accounted for approx. 29% of all of gross premiums in 2007. Thai Life (TLI) is advised to be the additional better amateur all-embracing with a bazaar allotment of approx. 14%. The next better accumulation is advised to be a collective adventure amid non-life insurer Ayudhya, bounded amassed Charoen Pokphand and Allianz (AACP) with a bazaar allotment of approx. 14%. Other above players in this bazaar are Ocean Life, Finansa, bounded assembly of AXA (Krungthai) and ING.
Non-life allowance area in Thailand is added sub-categorized beneath Fire, Marine & Transportation, Hull, Cargo, Automobile, Compulsory, Voluntary, Miscellaneous, Industrial All Risks, Public Liability, Engineering Insurance, Aviation Insurance, Personal Accident, Health Insurance, Crop Insurance and Other Insurance. Some of the top companies in this area are Bangkok Insurance, Dhipaya Insurance, Phatra Insurance, New Hampshire Insurance, Ayudhya Insurance, Mitsui Sumitomo Insurance, MSIG Insurance, Sri Muang Insurance, Siam Commercial Samaggi, South East Insurance, Viriyah Insurance, Synmunkong Insurance, Krungthai Panich etc.
Driving factors
=> Balanced bread-and-butter amplification and acknowledging role of the government
=> Recent reforms and government’s authoritative initiatives
=> Re-defined banking practices and deepening of accumulated governance
=> Relaxation of restrictions on admiral and chief admiral of allowance companies
=> Amendment of clauses administering the appraisal of assets & debts of a activity allowance company
=> Merger or alliance of the ample amount of bounded insurers
=> Middle assets automated developing nation
=> Growing absorption in Bancassurance
=> Adoption of THBFix and Bibor
=> Establishment of Insurance Commission
Major trends, issues and opportunities
=> Mergers and acquisitions in Thailand's allowance industry are acceptable to bead off
=> Thailand's abridgement is slowing as the accoutrement of top oil prices, ascent absorption ante and long-running political ambiguity crop their toll.
=> Political ambiguity and alternation of adopted barter rates
=> Bullish trend in anchored bead ante
=> Government regulations laying a able foundation for approaching advance
=> Increase in adopted buying limits
=> Move appear a ability abridgement through abilities development
=> Issues in Health Insurance Systems
Topics covered in the report
=> Thai economy, its performance, approaching angle for 2008-09
=> Government’s bread-and-butter policies, macroeconomic factors, trends and analysis
=> Economic and Insurance ambiance in Thailand
=> Market achievement and anticipation for Thai Insurance Sector amid 2000, 2007 and 2011
=> Market achievement and anticipation for Thai Life Insurance Sector amid 2000, 2007 & 2011
=> Market achievement and anticipation for Thai Non-Life Insurance Sector amid 2000, 2007 & 2011
=> Recent about-face of banking institutions and ambience up of Insurance Commission
=> Corporate Finance Legislation and added above authoritative developments
=> Role of Bancassurance
=> Specific regulations and norms by the Thai Government for allowance sector.
=> Sub-categorization of activity and non-life allowance sector
=> Competitive mural & bazaar allotment of companies in activity and non-life allowance sector
=> Company profiles of top players in activity and non-life allowance sector
Table of Contents
1.THAILAND
1.1.THAI ECONOMY
1.2.GOVERNMENT POLICIES
2.THAI INSURANCE SECTOR
2.1.MARKET OVERVIEW
2.2.MARKET PERFORMANCE & FORECAST
2.2.1.Thailand Insurance Market
2.2.1.1.Thailand – Life Insurance Market
2.2.1.2.Thailand – Non-Life Market
2.3.DRIVING FACTORS
2.3.1.Recent Reforms
2.3.2.M&A or alteration of the business of an Insurance Company
2.3.3.Thai Corporate Finance Legislation
2.3.4.Role of Bancassurance
2.3.5.Recent Regulatory Developments
2.3.6.Insurance Commission replaced Department of Insurance
2.4.TRENDS, ISSUES AND OPPORTUNITIES – AN ANALYSIS
2.4.1.Insurance M&A acceptable to drop
2.4.2.Pending Legislations
2.4.3.Implications for Foreign Insurers
2.4.4.Skills development charcoal a key
2.4.5.Issues in Health Insurance Systems in Thailand
2.5.GOVERNMENT REGULATIONS
2.6.COMPETITIVE LANDSCAPE
2.6.1.Life Insurance
2.6.1.1.Life Insurance Renewal Market
2.6.1.2.Single Premium Market
2.6.2.Non-Life Insurance Market
2.6.2.1.Fire Insurance Market
2.6.2.2.Marine and Transportation Market
2.6.2.3.Cargo & Hull Market
2.6.2.4.Automobile Sector
2.6.2.5.Miscellaneous Insurance
2.6.2.6.Industrial All Risks Insurance
2.6.2.7.Public Liability Insurance
2.6.2.8.Engineering Insurance
2.6.2.9.Aviation Insurance
2.6.2.10.Health Insurance
2.6.2.11.Personal Accident Insurance
2.6.2.12.Other Insurance
2.6.3.Company Profiles
2.6.3.1.American International Assurance aggregation (AIA), Thailand
2.6.3.2.ACE INA Overseas Insurance Company Limited
2.6.3.3.Ayudhya Insurance Public Company Limited
2.6.3.4.Ayudhya Allianz C.P. Life Public Company Limited
2.6.3.5.Bangkok Insurance Public Company Limited
2.6.3.6.Bangkok Union Insurance
2.6.3.7.Charan Insurance
2.6.3.8.Deves Insurance
2.6.3.9.ING Life Limited
2.6.3.10.Indara Insurance
2.6.3.11.Manulife Insurance (Thailand) Public Company Limited
2.6.3.12.MSIG Insurance
2.6.3.13.QBE Insurance (Thailand) Company Limited
2.6.3.14.Sri Muang Insurance
2.6.3.15.The Viriyah Insurance Co., Ltd.
Pages: 163; Format: PDF
Authors: Jasvita Anand, Akash Rakyan & Nishith Srivastava
List of Tables
Table 1: Macroeconomic Trends: Population (mil.) vs. Nominal GDP ($ bil.) – 2002-2011f
Table 2: Macroeconomic Trends: GDP per basic ($ bil.) vs. Real GDP Growth (%) – 2003-2011f
Table 3: Growth Trends: Inflation (2002-2008f)
Table 4: Key Economic Indicators Forecast – 2007-2012f
Table 5: Growth Trend Comparison: GDP Growth vs. Insurance Growth (%) – 2000-2011
Table 6: Thailand Insurance Market Value ($million): 2000-2007
Table 7: Thailand Insurance Market Value Forecast ($million): 2007-2011f
Table 8 : Insurance Density: Premiums Per Capita in USD
Table 9: Insurance Premium in % of GDP (2001-2011f)
Table 10: Growth Trend of Life Insurance and Non-Life Insurance ($Million): 2000-2011f
Table 11: Thailand Life Insurance Market Value ($million): 2000-2007
Table 12: Thailand Life Insurance Market Value Forecast ($million): 2007-2011f
Table 13: Thailand Non-Life Insurance Market Value ($million): 2000-2007
Table 14: Thailand Non-Life Insurance Market Value Forecast ($million): 2007-2011f
Table 15: Thailand Insurance Sector: Projections of Macroeconomic Drivers (2006-2010f)
Table 16: Market Share of Top Players in Life Insurance Sector: Comparison amid 2006 & 2007 (Million Baht) and their Growth (%)
Table 17: Life Insurance Total Premium Growth Year on Year by Company 2006-2007 (%)
Table 18: Life Insurance Market Growth by First Year Premium of Top Companies: Comparison amid 2006 & 2007 (mn Baht)
Table 19: Life Insurance Market Growth by First Year Premium of Top Companies: Comparison amid 2006 & 2007 (%)
Table 20: Life Insurance Premium Renewal (million Baht) and Growth (%) Year on Year for Top Companies (2006-2007)
Table 21: Life Insurance Renewal Market Share of Top Companies in 2007 (mn Baht)
Table 22: Life Insurance Single Premium Market Share of Top Companies in 2007 (mn Baht & % growth)
Table 23: Loss Ratio of Non - Life Insurance Business (2007)
Table 24: Marine and Transportation Companies: Markey Share by Direct Premium (Unit: 1,000 Baht)
Table 25: Automobile Insurance Top companies by Direct Premium (2007)
Table 26: Top Miscellaneous Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Table 27: Top Industrial All Risk Non-Life Insurance Companies: Market Share by Direct Premium – 2007
Table 28: Top Public Liability Non-Life Insurance Companies: Market Share by Direct Premium – 2007
Table 29: Top Engineering Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Table 30: Top Aviation Non-Life Insurance Companies: Market Share by Direct Premium – 2007
Table 31: Top Health Insurance Companies: Market Share by Direct Premium – 2007
Table 32: Top Personal Accident Insurance Companies: Market Share by Direct Premium – 2007
Table 33: Top Other Non-Life Insurance Companies: Market Share by Direct Premium – 2007
List of Charts
Chart 1: Macroeconomic Trends: Population (mil.) vs. Nominal GDP ($ bil.) – 2002-2011f
Chart 2: Macroeconomic Trends: GDP per basic ($ bil.) vs. Real GDP Growth (%) – 2003-2011f
Chart 3: Growth Trends: Inflation (2002-2008f)
Chart 4: Key Economic Indicators Forecast (2007-2012f)
Chart 5: Growth Trend Comparison: GDP Growth vs. Insurance Growth (%) – 2000-2011f
Chart 6: Thailand Insurance Market Value ($billion): 2000-2007
Chart 7: Thailand Insurance Market Value Forecast ($million): 2007-2011f
Chart 8: Insurance Density: Premiums Per Capita in USD
Chart 9: Insurance Premium in % of GDP (2001-2011f)
Chart 10: Thailand Insurance Market: Segment Share 2007
Chart 11: Growth Trend of Life Insurance and Non-Life Insurance ($Million): 2000-2011f
Chart 12: Thailand Life Insurance Market Value ($million): 2000-2007
Chart 13: Thailand Life Insurance Market Value Forecast ($million): 2007-2011f
Chart 14: Thailand Non-Life Insurance Market Value ($million): 2000-2007
Chart 15: Thailand Non-Life Insurance Market Value Forecast ($million): 2007-2011f
Chart 16: Market Segmentation of Non-Life Insurance (%): 2007
Chart 17: Market Segmentation of Non-Life Companies by Ownership 2007 (%)
Chart 18: Comparison of Direct Premiums of Non - Life Insurance Business (2007 & 2006)
Chart 19: Direct Premium per Insurance Policy for 2007-2006 (Baht)
Chart 20: Comparison of Sum Insured Per Premium of Non - Life Insurance Business Segments (2007 & 2006)
Chart 21: Loss Ratio of Non - Life Insurance Business (2007)
Chart 22: Market Share of Top Life Insurance Companies by Total Premium in 2007 (%)
Chart 23: Life Insurance First Year Premium Market Segment in 2007 by Top Companies(%)
Chart 24: Life Insurance Premium Renewal (million Baht) and Growth (%) Year on Year for Top Companies (2006-2007)
Chart 25: Life Insurance Renewal Market Share of Top Companies in 2007 (%)
Chart 26: Single Insurance Premium Company Segmentation 2007
Chart 27: Fire Insurance Companies – Market Share (%): 2007
Chart 28: Marine & Transport Insurance Segment Share (%): 2007
Chart 29: Cargo and Hull Market: Direct Premium Share (%) in 2006-2007
Chart 30: Marine and Transportation Companies: Markey Share by Direct Premium (Unit: 1,000 Baht)
Chart 31: Market Share of Automobile Insurance Sub Sector 2007
Chart 32: Automobile Insurance Top Companies – Market Share by Direct Premium (%) – 2007
Chart 33: Market Share of Miscellaneous Non-Life Sector (%) – 2007
Chart 34: Top Miscellaneous Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 35: Top Industrial All Risk Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 36: Top Public Liability Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 37: Top Engineering Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 38: Top Aviation Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 39: Top Health Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 40: Top Personal Accident Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 41: Top Other Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
To adjustment this industry report, attentive get in blow with:
Renu Dhyani
PR & Communication Executive
The Knowledge Centre – A Sheffield Haworth Company
Tel: +91-11-40601158 (o); +91-9958790353 (m)
Email: dhyani@sheffieldhaworth.com
Web: www.sheffieldhaworth.com
About ‘The Knowledge Centre’
Established in 2007, “The Knowledge Centre” caters to audience in Financial Services Sector globally. Its ability lies in ability management, business analysis & administration consulting. It conducts surveys above altered regions and creates business and bazaar analysis letters on all the above sectors and sub-sectors of all-around banking casework market.
The Knowledge Centre is a wholly endemic accessory of the world’s better controlling seek close in banking services. The ancestor aggregation undertakes seek assignments at top levels. It has offices advance above London, New York, Dubai, Delhi, Hong Kong and Tokyo.
According to ‘The Economist’, absolute GDP advance will apathetic down by 1.15% p.a over the next 4 years (2008-12), as compared to 5.3% p.a in accomplished 3 years back 2007. This dawdling of GDP can be attributed to assorted abrogating factors, such as political uncertainty, alternation of adopted barter rates, and connected top petroleum prices in 2006.
The Thai allowance industry, alternating with the added Thai economy, has now about recovered from the base of the Asian banking crisis and is experiencing noteworthy growth. The trend is accepted to abide as accessible acquaintance of the charge for allowance increases.
Market Performance and Forecast
Within a amount of 7 years (2000 - 2007), Thai Insurance Sector has accomplished a advance of 191% currently valuated at $9,434.72 million. The Knowledge Centre predicts, the all-embracing bazaar admeasurement will access by 72.5% added and is accepted to blow the highs of $13,012.75 actor by 2011.
The activity allowance bazaar in Thailand amid 2000 and 2007 added at a CAGR of 16.57%. The Knowledge Centre envisages that this trend would abide and the bazaar will see CAGR of 5.75% in 5 years and ability $8,306.21 actor in 2011.
The non-life allowance bazaar in Thailand amid 2000 and 2007 added at a CAGR of 10.73%. The Knowledge Centre aswell forecasts that the advance will abide and the bazaar will see CAGR of 8.34% in the next 5 years with the premiums extensive $4,706 actor by 2011.
Competitive Landscape
Some of the top adopted allowance companies in Thailand are ACE, AIG, Allianz, AXA, Generali, ING, Millea Holdings, Manulife, New York Life and Prudential (UK). The bazaar is bedeviled by AIA, the bounded name of AIG that accounted for approx. 29% of all of gross premiums in 2007. Thai Life (TLI) is advised to be the additional better amateur all-embracing with a bazaar allotment of approx. 14%. The next better accumulation is advised to be a collective adventure amid non-life insurer Ayudhya, bounded amassed Charoen Pokphand and Allianz (AACP) with a bazaar allotment of approx. 14%. Other above players in this bazaar are Ocean Life, Finansa, bounded assembly of AXA (Krungthai) and ING.
Non-life allowance area in Thailand is added sub-categorized beneath Fire, Marine & Transportation, Hull, Cargo, Automobile, Compulsory, Voluntary, Miscellaneous, Industrial All Risks, Public Liability, Engineering Insurance, Aviation Insurance, Personal Accident, Health Insurance, Crop Insurance and Other Insurance. Some of the top companies in this area are Bangkok Insurance, Dhipaya Insurance, Phatra Insurance, New Hampshire Insurance, Ayudhya Insurance, Mitsui Sumitomo Insurance, MSIG Insurance, Sri Muang Insurance, Siam Commercial Samaggi, South East Insurance, Viriyah Insurance, Synmunkong Insurance, Krungthai Panich etc.
Driving factors
=> Balanced bread-and-butter amplification and acknowledging role of the government
=> Recent reforms and government’s authoritative initiatives
=> Re-defined banking practices and deepening of accumulated governance
=> Relaxation of restrictions on admiral and chief admiral of allowance companies
=> Amendment of clauses administering the appraisal of assets & debts of a activity allowance company
=> Merger or alliance of the ample amount of bounded insurers
=> Middle assets automated developing nation
=> Growing absorption in Bancassurance
=> Adoption of THBFix and Bibor
=> Establishment of Insurance Commission
Major trends, issues and opportunities
=> Mergers and acquisitions in Thailand's allowance industry are acceptable to bead off
=> Thailand's abridgement is slowing as the accoutrement of top oil prices, ascent absorption ante and long-running political ambiguity crop their toll.
=> Political ambiguity and alternation of adopted barter rates
=> Bullish trend in anchored bead ante
=> Government regulations laying a able foundation for approaching advance
=> Increase in adopted buying limits
=> Move appear a ability abridgement through abilities development
=> Issues in Health Insurance Systems
Topics covered in the report
=> Thai economy, its performance, approaching angle for 2008-09
=> Government’s bread-and-butter policies, macroeconomic factors, trends and analysis
=> Economic and Insurance ambiance in Thailand
=> Market achievement and anticipation for Thai Insurance Sector amid 2000, 2007 and 2011
=> Market achievement and anticipation for Thai Life Insurance Sector amid 2000, 2007 & 2011
=> Market achievement and anticipation for Thai Non-Life Insurance Sector amid 2000, 2007 & 2011
=> Recent about-face of banking institutions and ambience up of Insurance Commission
=> Corporate Finance Legislation and added above authoritative developments
=> Role of Bancassurance
=> Specific regulations and norms by the Thai Government for allowance sector.
=> Sub-categorization of activity and non-life allowance sector
=> Competitive mural & bazaar allotment of companies in activity and non-life allowance sector
=> Company profiles of top players in activity and non-life allowance sector
Table of Contents
1.THAILAND
1.1.THAI ECONOMY
1.2.GOVERNMENT POLICIES
2.THAI INSURANCE SECTOR
2.1.MARKET OVERVIEW
2.2.MARKET PERFORMANCE & FORECAST
2.2.1.Thailand Insurance Market
2.2.1.1.Thailand – Life Insurance Market
2.2.1.2.Thailand – Non-Life Market
2.3.DRIVING FACTORS
2.3.1.Recent Reforms
2.3.2.M&A or alteration of the business of an Insurance Company
2.3.3.Thai Corporate Finance Legislation
2.3.4.Role of Bancassurance
2.3.5.Recent Regulatory Developments
2.3.6.Insurance Commission replaced Department of Insurance
2.4.TRENDS, ISSUES AND OPPORTUNITIES – AN ANALYSIS
2.4.1.Insurance M&A acceptable to drop
2.4.2.Pending Legislations
2.4.3.Implications for Foreign Insurers
2.4.4.Skills development charcoal a key
2.4.5.Issues in Health Insurance Systems in Thailand
2.5.GOVERNMENT REGULATIONS
2.6.COMPETITIVE LANDSCAPE
2.6.1.Life Insurance
2.6.1.1.Life Insurance Renewal Market
2.6.1.2.Single Premium Market
2.6.2.Non-Life Insurance Market
2.6.2.1.Fire Insurance Market
2.6.2.2.Marine and Transportation Market
2.6.2.3.Cargo & Hull Market
2.6.2.4.Automobile Sector
2.6.2.5.Miscellaneous Insurance
2.6.2.6.Industrial All Risks Insurance
2.6.2.7.Public Liability Insurance
2.6.2.8.Engineering Insurance
2.6.2.9.Aviation Insurance
2.6.2.10.Health Insurance
2.6.2.11.Personal Accident Insurance
2.6.2.12.Other Insurance
2.6.3.Company Profiles
2.6.3.1.American International Assurance aggregation (AIA), Thailand
2.6.3.2.ACE INA Overseas Insurance Company Limited
2.6.3.3.Ayudhya Insurance Public Company Limited
2.6.3.4.Ayudhya Allianz C.P. Life Public Company Limited
2.6.3.5.Bangkok Insurance Public Company Limited
2.6.3.6.Bangkok Union Insurance
2.6.3.7.Charan Insurance
2.6.3.8.Deves Insurance
2.6.3.9.ING Life Limited
2.6.3.10.Indara Insurance
2.6.3.11.Manulife Insurance (Thailand) Public Company Limited
2.6.3.12.MSIG Insurance
2.6.3.13.QBE Insurance (Thailand) Company Limited
2.6.3.14.Sri Muang Insurance
2.6.3.15.The Viriyah Insurance Co., Ltd.
Pages: 163; Format: PDF
Authors: Jasvita Anand, Akash Rakyan & Nishith Srivastava
List of Tables
Table 1: Macroeconomic Trends: Population (mil.) vs. Nominal GDP ($ bil.) – 2002-2011f
Table 2: Macroeconomic Trends: GDP per basic ($ bil.) vs. Real GDP Growth (%) – 2003-2011f
Table 3: Growth Trends: Inflation (2002-2008f)
Table 4: Key Economic Indicators Forecast – 2007-2012f
Table 5: Growth Trend Comparison: GDP Growth vs. Insurance Growth (%) – 2000-2011
Table 6: Thailand Insurance Market Value ($million): 2000-2007
Table 7: Thailand Insurance Market Value Forecast ($million): 2007-2011f
Table 8 : Insurance Density: Premiums Per Capita in USD
Table 9: Insurance Premium in % of GDP (2001-2011f)
Table 10: Growth Trend of Life Insurance and Non-Life Insurance ($Million): 2000-2011f
Table 11: Thailand Life Insurance Market Value ($million): 2000-2007
Table 12: Thailand Life Insurance Market Value Forecast ($million): 2007-2011f
Table 13: Thailand Non-Life Insurance Market Value ($million): 2000-2007
Table 14: Thailand Non-Life Insurance Market Value Forecast ($million): 2007-2011f
Table 15: Thailand Insurance Sector: Projections of Macroeconomic Drivers (2006-2010f)
Table 16: Market Share of Top Players in Life Insurance Sector: Comparison amid 2006 & 2007 (Million Baht) and their Growth (%)
Table 17: Life Insurance Total Premium Growth Year on Year by Company 2006-2007 (%)
Table 18: Life Insurance Market Growth by First Year Premium of Top Companies: Comparison amid 2006 & 2007 (mn Baht)
Table 19: Life Insurance Market Growth by First Year Premium of Top Companies: Comparison amid 2006 & 2007 (%)
Table 20: Life Insurance Premium Renewal (million Baht) and Growth (%) Year on Year for Top Companies (2006-2007)
Table 21: Life Insurance Renewal Market Share of Top Companies in 2007 (mn Baht)
Table 22: Life Insurance Single Premium Market Share of Top Companies in 2007 (mn Baht & % growth)
Table 23: Loss Ratio of Non - Life Insurance Business (2007)
Table 24: Marine and Transportation Companies: Markey Share by Direct Premium (Unit: 1,000 Baht)
Table 25: Automobile Insurance Top companies by Direct Premium (2007)
Table 26: Top Miscellaneous Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Table 27: Top Industrial All Risk Non-Life Insurance Companies: Market Share by Direct Premium – 2007
Table 28: Top Public Liability Non-Life Insurance Companies: Market Share by Direct Premium – 2007
Table 29: Top Engineering Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Table 30: Top Aviation Non-Life Insurance Companies: Market Share by Direct Premium – 2007
Table 31: Top Health Insurance Companies: Market Share by Direct Premium – 2007
Table 32: Top Personal Accident Insurance Companies: Market Share by Direct Premium – 2007
Table 33: Top Other Non-Life Insurance Companies: Market Share by Direct Premium – 2007
List of Charts
Chart 1: Macroeconomic Trends: Population (mil.) vs. Nominal GDP ($ bil.) – 2002-2011f
Chart 2: Macroeconomic Trends: GDP per basic ($ bil.) vs. Real GDP Growth (%) – 2003-2011f
Chart 3: Growth Trends: Inflation (2002-2008f)
Chart 4: Key Economic Indicators Forecast (2007-2012f)
Chart 5: Growth Trend Comparison: GDP Growth vs. Insurance Growth (%) – 2000-2011f
Chart 6: Thailand Insurance Market Value ($billion): 2000-2007
Chart 7: Thailand Insurance Market Value Forecast ($million): 2007-2011f
Chart 8: Insurance Density: Premiums Per Capita in USD
Chart 9: Insurance Premium in % of GDP (2001-2011f)
Chart 10: Thailand Insurance Market: Segment Share 2007
Chart 11: Growth Trend of Life Insurance and Non-Life Insurance ($Million): 2000-2011f
Chart 12: Thailand Life Insurance Market Value ($million): 2000-2007
Chart 13: Thailand Life Insurance Market Value Forecast ($million): 2007-2011f
Chart 14: Thailand Non-Life Insurance Market Value ($million): 2000-2007
Chart 15: Thailand Non-Life Insurance Market Value Forecast ($million): 2007-2011f
Chart 16: Market Segmentation of Non-Life Insurance (%): 2007
Chart 17: Market Segmentation of Non-Life Companies by Ownership 2007 (%)
Chart 18: Comparison of Direct Premiums of Non - Life Insurance Business (2007 & 2006)
Chart 19: Direct Premium per Insurance Policy for 2007-2006 (Baht)
Chart 20: Comparison of Sum Insured Per Premium of Non - Life Insurance Business Segments (2007 & 2006)
Chart 21: Loss Ratio of Non - Life Insurance Business (2007)
Chart 22: Market Share of Top Life Insurance Companies by Total Premium in 2007 (%)
Chart 23: Life Insurance First Year Premium Market Segment in 2007 by Top Companies(%)
Chart 24: Life Insurance Premium Renewal (million Baht) and Growth (%) Year on Year for Top Companies (2006-2007)
Chart 25: Life Insurance Renewal Market Share of Top Companies in 2007 (%)
Chart 26: Single Insurance Premium Company Segmentation 2007
Chart 27: Fire Insurance Companies – Market Share (%): 2007
Chart 28: Marine & Transport Insurance Segment Share (%): 2007
Chart 29: Cargo and Hull Market: Direct Premium Share (%) in 2006-2007
Chart 30: Marine and Transportation Companies: Markey Share by Direct Premium (Unit: 1,000 Baht)
Chart 31: Market Share of Automobile Insurance Sub Sector 2007
Chart 32: Automobile Insurance Top Companies – Market Share by Direct Premium (%) – 2007
Chart 33: Market Share of Miscellaneous Non-Life Sector (%) – 2007
Chart 34: Top Miscellaneous Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 35: Top Industrial All Risk Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 36: Top Public Liability Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 37: Top Engineering Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 38: Top Aviation Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 39: Top Health Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 40: Top Personal Accident Insurance Companies: Market Share by Direct Premium (%) – 2007
Chart 41: Top Other Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007
To adjustment this industry report, attentive get in blow with:
Renu Dhyani
PR & Communication Executive
The Knowledge Centre – A Sheffield Haworth Company
Tel: +91-11-40601158 (o); +91-9958790353 (m)
Email: dhyani@sheffieldhaworth.com
Web: www.sheffieldhaworth.com
About ‘The Knowledge Centre’
Established in 2007, “The Knowledge Centre” caters to audience in Financial Services Sector globally. Its ability lies in ability management, business analysis & administration consulting. It conducts surveys above altered regions and creates business and bazaar analysis letters on all the above sectors and sub-sectors of all-around banking casework market.
The Knowledge Centre is a wholly endemic accessory of the world’s better controlling seek close in banking services. The ancestor aggregation undertakes seek assignments at top levels. It has offices advance above London, New York, Dubai, Delhi, Hong Kong and Tokyo.
National Life Group - National Life Group Names Mehran Assadi as Next CEO
National Life GroupStore this angel in big sizeMontpelier, Vermont (October 14, 2008) – Mehran Assadi has been appointed the next admiral and arch controlling administrator of National Life Group (NLGroup), the company’s Board of Directors appear on Tuesday.
Assadi, currently admiral of NLGroup’s activity and accomplishment division, will accomplish Thomas H. MacLeay, who is backward Dec. 31 as admiral and CEO. MacLeay will abide as Chairman of the Board.
David Coates, the advance absolute administrator on the axle and administrator of the seek committee, said Assadi has been active in developing and active a action of success for the activity and accomplishment division.
“Mehran is a accurate leader,” said Coates. “He brings energy, activity and optimism to every appointment he is given. We accept Mehran is the best being to body on Tom’s amazing almanac of accomplishment.”
National Life Group, a Fortune 1000 aggregation with accumulated 2007 revenues of $1.4 billion, serves the banking needs of added than 700,000 customers. NLGroup includes its flagship company, National Life Insurance Company, founded in Montpelier in 1848; Life Insurance Company of the Southwest in Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors, all based in Montpelier.
Assadi, 50, abutting NLGroup in 2003 and was called admiral of the activity and accomplishment analysis two years later. He oversees the activity and accomplishment accumulation centers, which cover sales and administration as able-bodied as artefact development, new business, marketing, underwriting and chump service.
“Mehran understands what makes National Life special: our history, our heritage, our alternate structure, our focus on the alone and our abiding charge to bear on the promises we make,” said MacLeay. “Mehran aswell appreciates what we charge to do to abide able and aggressive in tomorrow’s marketplace.”
Assadi said that accepting called arch controlling administrator is an honor. “National Life is added than a company,” he said. “It is a jewel.”
“I feel advantaged to be asked to advance National Life Group, abnormally as we mark the 160th celebration of the founding of National Life Insurance Company,” he said.
Assadi will alone be the 16th being to serve as arch controlling in the 160 years back National Life Insurance Co. was chartered. MacLeay has served as admiral for 11 years and as CEO and administrator for six years.
Prior to abutting National Life Group, Assadi served as controlling carnality president, arch business administrator and arch advice administrator at Provident Mutual in Newark, Delaware. Previously he served for 16 years in assorted chief positions with United States Fidelity and Guaranty of Baltimore.
A alum of Towson University, Assadi has a Master's in Management Information Systems from the University of Baltimore.
Assadi and his wife Janet accept three sons, Anthony, Jordan, and Ryan.
About National Life Group
National Life Group (NLGroup) is a adapted ancestors of banking account companies that has auspiciously artificial a able character as a artefact innovator. Companies in the accumulation action a absolute portfolio of activity insurance, accomplishment and investment* articles to advice individuals, families and businesses accompany their banking goals.
NLGroup, a Fortune 1000 company, serves added than 700,000 customers. With 2007 accumulated acquirement of $1.4 billion and net assets of $109 million, NLGroup employs almost 900 employees, with a lot of amid at its home appointment in Montpelier, Vt. Group companies aswell advance offices in Dallas, New York, San Francisco, Boston and Philadelphia.
The Group is fabricated up of its flagship company, National Life Insurance Company, accountant in Montpelier, Vermont in 1848; Life Insurance Company of the Southwest, Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors Inc., all based in Montpelier and are all affiliates. National Life Insurance Co. is accountant to do business in all 50 states and the District of Columbia. Life Insurance Company of the Southwest is not an accustomed insurer in New York. Each aggregation is alone amenable for its own banking action and acknowledged obligations. Sentinel Investments is a accumulation casting name for Sentinel Financial Services Co., Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc.
*Securities are offered through Registered Representatives of Equity Services, Inc., Member FINRA/SIPC, One National Life Drive, Montpelier, Vermont 05604 (802) 229-3900. National Life Group is a barter name of National Life Insurance Co., Montpelier, Vt., and its affiliates.
TC44536(1008)
Contact: Chris Graff
802-229-3882, cgraff@nationallife.com
One National Life Derive
Montpelier, VT 05604
Assadi, currently admiral of NLGroup’s activity and accomplishment division, will accomplish Thomas H. MacLeay, who is backward Dec. 31 as admiral and CEO. MacLeay will abide as Chairman of the Board.
David Coates, the advance absolute administrator on the axle and administrator of the seek committee, said Assadi has been active in developing and active a action of success for the activity and accomplishment division.
“Mehran is a accurate leader,” said Coates. “He brings energy, activity and optimism to every appointment he is given. We accept Mehran is the best being to body on Tom’s amazing almanac of accomplishment.”
National Life Group, a Fortune 1000 aggregation with accumulated 2007 revenues of $1.4 billion, serves the banking needs of added than 700,000 customers. NLGroup includes its flagship company, National Life Insurance Company, founded in Montpelier in 1848; Life Insurance Company of the Southwest in Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors, all based in Montpelier.
Assadi, 50, abutting NLGroup in 2003 and was called admiral of the activity and accomplishment analysis two years later. He oversees the activity and accomplishment accumulation centers, which cover sales and administration as able-bodied as artefact development, new business, marketing, underwriting and chump service.
“Mehran understands what makes National Life special: our history, our heritage, our alternate structure, our focus on the alone and our abiding charge to bear on the promises we make,” said MacLeay. “Mehran aswell appreciates what we charge to do to abide able and aggressive in tomorrow’s marketplace.”
Assadi said that accepting called arch controlling administrator is an honor. “National Life is added than a company,” he said. “It is a jewel.”
“I feel advantaged to be asked to advance National Life Group, abnormally as we mark the 160th celebration of the founding of National Life Insurance Company,” he said.
Assadi will alone be the 16th being to serve as arch controlling in the 160 years back National Life Insurance Co. was chartered. MacLeay has served as admiral for 11 years and as CEO and administrator for six years.
Prior to abutting National Life Group, Assadi served as controlling carnality president, arch business administrator and arch advice administrator at Provident Mutual in Newark, Delaware. Previously he served for 16 years in assorted chief positions with United States Fidelity and Guaranty of Baltimore.
A alum of Towson University, Assadi has a Master's in Management Information Systems from the University of Baltimore.
Assadi and his wife Janet accept three sons, Anthony, Jordan, and Ryan.
About National Life Group
National Life Group (NLGroup) is a adapted ancestors of banking account companies that has auspiciously artificial a able character as a artefact innovator. Companies in the accumulation action a absolute portfolio of activity insurance, accomplishment and investment* articles to advice individuals, families and businesses accompany their banking goals.
NLGroup, a Fortune 1000 company, serves added than 700,000 customers. With 2007 accumulated acquirement of $1.4 billion and net assets of $109 million, NLGroup employs almost 900 employees, with a lot of amid at its home appointment in Montpelier, Vt. Group companies aswell advance offices in Dallas, New York, San Francisco, Boston and Philadelphia.
The Group is fabricated up of its flagship company, National Life Insurance Company, accountant in Montpelier, Vermont in 1848; Life Insurance Company of the Southwest, Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors Inc., all based in Montpelier and are all affiliates. National Life Insurance Co. is accountant to do business in all 50 states and the District of Columbia. Life Insurance Company of the Southwest is not an accustomed insurer in New York. Each aggregation is alone amenable for its own banking action and acknowledged obligations. Sentinel Investments is a accumulation casting name for Sentinel Financial Services Co., Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc.
*Securities are offered through Registered Representatives of Equity Services, Inc., Member FINRA/SIPC, One National Life Drive, Montpelier, Vermont 05604 (802) 229-3900. National Life Group is a barter name of National Life Insurance Co., Montpelier, Vt., and its affiliates.
TC44536(1008)
Contact: Chris Graff
802-229-3882, cgraff@nationallife.com
One National Life Derive
Montpelier, VT 05604
National Life Group - National Life Group Appoints Chief Marketing Officer
Montpelier, Vermont (February 11, 2009) – Mehran Assadi, admiral and arch controlling administrator of National Life Group, has appear the adjustment of Vincent G. Vitiello as arch business administrator for National Life.
“I am actual aflame to accept Vince accompany our team,” said Assadi. “He is a acclimatized controlling who is awful admired throughout the industry. He brings to us about 30 years of administration and business acquaintance in two multi-national companies.”
“In his career Vince has been amenable for a lot of every aspect of the activity and accomplishment business, arch awful acknowledged efforts in marketing, branding, distribution, application and new artefact development,” said Assadi.
At National Life Group Vitiello will baby-sit the company’s career and absolute administration channels as able-bodied as all marketing. National Life Group, based in Montpelier, Vt., is a adapted ancestors of banking account companies that has auspiciously artificial a able character as a artefact innovator.
Vitiello comes to National Life from Allianz of America, area he served as arch business development administrator and arch business officer. Allianz of America is a captivation aggregation that oversees Allianz Life Insurance Company of North America and Fireman’s Fund Insurance Company.
Before abutting Allianz Life in 2004, Vitiello was a chief carnality admiral at MetLife, area he captivated chief business and sales roles.
Vitiello is advised a arch ascendancy in the banking casework industry on business to the African-American, Hispanic and Asian bazaar segments. He has been accustomed by the Chinese American Insurance Association and the Korean American Insurance Association.
Vitiello is a Director of The INN, a non-profit, volunteer-based alignment that addresses the issues of ache and homelessness on Long Island through a arrangement of soup kitchens, emergency shelters and a abiding apartment program.
Vitiello accelerating from Manhattan College and acquired his MBA from Pace University in New York City.
About National Life Group
National Life Group is a adapted ancestors of banking account companies that has auspiciously artificial a able character as a artefact innovator. Companies in the accumulation action a absolute portfolio of activity insurance, accomplishment and investment* articles to advice individuals, families and businesses accompany their banking goals.
National Life, a Fortune 1000 company, serves added than 700,000 customers. With 2007 acquirement of $1.4 billion and net assets of $109 million, associates of National Life Group apply almost 900 employees, with a lot of amid at its home appointment in Montpelier, Vt. Group companies aswell advance offices in Dallas, New York, San Francisco, Boston and Wayne, PA.
The Group is fabricated up of its flagship company, National Life Insurance Company, founded in Montpelier, Vermont in 1848; Life Insurance Company of the Southwest, Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors, all amid in Montpelier.
*Securities are offered alone through Registered Representative of Equity Services, Inc., Member FINRA/SIPC, One National Life Drive, Montpelier, Vermont 05604, 802.229.3900. All companies referenced are affiliated.
National Life Group® is a barter name apery assorted affiliates, which action a array of banking account products. Sentinel Investments is the accumulation casting name for Sentinel Financial Services Company, Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc. Sentinel Funds are broadcast by Sentinel Financial Services Company, One National Life Drive, Montpelier, Vermont 05604, 800.233.4332.
TC46809(0209)
National Life Group
One National Life Drive
Montpelier, VT 05604
Contact: Chris Graff
802-229-3882
“I am actual aflame to accept Vince accompany our team,” said Assadi. “He is a acclimatized controlling who is awful admired throughout the industry. He brings to us about 30 years of administration and business acquaintance in two multi-national companies.”
“In his career Vince has been amenable for a lot of every aspect of the activity and accomplishment business, arch awful acknowledged efforts in marketing, branding, distribution, application and new artefact development,” said Assadi.
At National Life Group Vitiello will baby-sit the company’s career and absolute administration channels as able-bodied as all marketing. National Life Group, based in Montpelier, Vt., is a adapted ancestors of banking account companies that has auspiciously artificial a able character as a artefact innovator.
Vitiello comes to National Life from Allianz of America, area he served as arch business development administrator and arch business officer. Allianz of America is a captivation aggregation that oversees Allianz Life Insurance Company of North America and Fireman’s Fund Insurance Company.
Before abutting Allianz Life in 2004, Vitiello was a chief carnality admiral at MetLife, area he captivated chief business and sales roles.
Vitiello is advised a arch ascendancy in the banking casework industry on business to the African-American, Hispanic and Asian bazaar segments. He has been accustomed by the Chinese American Insurance Association and the Korean American Insurance Association.
Vitiello is a Director of The INN, a non-profit, volunteer-based alignment that addresses the issues of ache and homelessness on Long Island through a arrangement of soup kitchens, emergency shelters and a abiding apartment program.
Vitiello accelerating from Manhattan College and acquired his MBA from Pace University in New York City.
About National Life Group
National Life Group is a adapted ancestors of banking account companies that has auspiciously artificial a able character as a artefact innovator. Companies in the accumulation action a absolute portfolio of activity insurance, accomplishment and investment* articles to advice individuals, families and businesses accompany their banking goals.
National Life, a Fortune 1000 company, serves added than 700,000 customers. With 2007 acquirement of $1.4 billion and net assets of $109 million, associates of National Life Group apply almost 900 employees, with a lot of amid at its home appointment in Montpelier, Vt. Group companies aswell advance offices in Dallas, New York, San Francisco, Boston and Wayne, PA.
The Group is fabricated up of its flagship company, National Life Insurance Company, founded in Montpelier, Vermont in 1848; Life Insurance Company of the Southwest, Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors, all amid in Montpelier.
*Securities are offered alone through Registered Representative of Equity Services, Inc., Member FINRA/SIPC, One National Life Drive, Montpelier, Vermont 05604, 802.229.3900. All companies referenced are affiliated.
National Life Group® is a barter name apery assorted affiliates, which action a array of banking account products. Sentinel Investments is the accumulation casting name for Sentinel Financial Services Company, Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc. Sentinel Funds are broadcast by Sentinel Financial Services Company, One National Life Drive, Montpelier, Vermont 05604, 800.233.4332.
TC46809(0209)
National Life Group
One National Life Drive
Montpelier, VT 05604
Contact: Chris Graff
802-229-3882
Nanostart AG - Nanostart captivation Nanosys: Cooperation for anti-counterfeit solutions with multi-billion dollar biotech aggregation Life Technologies
•Nanotechnological markers for all-encompassing affected aegis (Quantum Dots)
•Combined technology increases ability into the activated markets
•An estimated 1 abundance US-Dollar accident annually common because of affected goods
Frankfurt / Palo Alto, CA– March 26, 2009. Nanostart captivation Nanosys, Inc. and multi-billion dollar aggregation Life Technologies Corporation (NASDAQ: LIFE) today appear a cross-licensing acceding to allotment rights to an bookish acreage acreage accompanying to beaming nanocrystals (also accepted as breakthrough dots). New articles developed as a aftereffect of this acceding will advice anticipate counterfeiting worldwide. The breakthrough dots will acquiesce manufacturers to trace the antecedent of their abstracts and administer and clue artefact shipments, allowance stop affected actual use in biologic and analytic products, aliment and beverages, and cyberbanking goods, abbreviation counterfeiting of currency, documents, accomplished art, and affluence goods.
Quantum dots are tiny (nanometer size) beaming particles. While airy to the eye, they afford acutely ablaze ablaze if apparent to bargain violet or ultraviolet ablaze sources. Quantum dots affectation different colors due to differences in size. Due to their chapped nature, breakthrough dots can calmly be attenuated with polymers, gels, or inks and printed assimilate a lot of surfaces. The aggravation of their accomplishment action aswell makes them about absurd to counterfeit. And, because breakthrough dots are awful stable, acutely ablaze and absorptive, they action advancements in solid accompaniment lighting, solar beneficiary and cyberbanking affectation technology.
“Life Technologies’ breakthrough dots are currently accepting acclimated in activity science analysis and pathology, but there are all-inclusive opportunities to use them in a advanced array of applications,” said Paul Grossman, Senior Vice President of Corporate Development & Strategy at Life Technologies. “Our new affiliation with Nanosys will acquiesce both companies to aggrandize the opportunities for our accumulated technologies, and added the ability of Life Technologies into the activated markets.”
Jason Hartlove, CEO of Nanosys, continued, “We are actual aflame to be partnering with Life Technologies to use our accumulated nanotechnology to abode the growing and common botheration of affected goods. By alive calm with Life Technologies, we can now action absolute solutions and technology licensing to our barter to advice them use our different breakthrough dot abstracts for anti-counterfeiting.”
The aggregate of the two companies’ all-inclusive bookish acreage estates includes over 270 patents and applications, including 84 issued U.S. patents, for use of beaming nanocrystals. The licenses will acquiesce both Life Technologies and Nanosys to plan with a array of manufacturers who ambition to assure their articles from counterfeiting. Nanosys is currently application breakthrough dot technology to aftermath accessories such as LEDs, photovoltaics and cyberbanking displays, while Life Technologies is focused on activity science applications.
The common affected appurtenances trade, excluding affected money, is believed to be on the adjustment of $1 abundance annually. The U.N. estimates affected biologic sales abandoned were over $300 billion in 2008, while the World Customs Organization believes that added affected appurtenances awash for added than $600 billion.
About Nanosys:
Nanosys, Inc. is a baton in the development of nanotechnology-enabled articles utilizing top achievement asleep nanostructures. Nanosys has complete one of the broadest technology platforms in the industry with about 500 patents and apparent applications accoutrement axiological areas of nanotechnology. Based in Palo Alto, California and abreast held, Nanosys collaborates with industry leaders to advance advocate high-value, high-performance articles for computing, optoelectronics, communications, renewable energy, aegis and the activity sciences.
More aggregation advice can be begin at: www.nanosysinc.com.
About Life Technologies:
Life Technologies Corporation (NASDAQ:LIFE) is a all-around biotechnology accoutrement aggregation committed to convalescent the animal condition. Life Technologies had sales of added than $3 billion in 2008, employs about 9,500 people, has a attendance in added than 100 countries, and possesses a rapidly growing bookish acreage acreage of about 3,600 patents and absolute licenses. Life Technologies was created by the aggregate of Invitrogen Corporation and Applied Biosystems Inc. For added amuse appointment our website: www.lifetechnologies.com.
Disclaimer:
This apprehension constitutes neither an action to advertise nor a address of offers to acquirement or subscribe to securities. There will be no accessible alms of balance of Nanostart AG in affiliation with the absolute advertisement of its shares in the “Entry Standard” articulation of the adapted actionable bazaar (Freiverkehr) on the Frankfurt Stock Exchange. This apprehension does not aggregate a balance prospectus. Neither this apprehension nor the advice absolute aural is advised for absolute or aberrant administration aural the United States of America, Canada, Australia or Japan.
About Nanostart:
Nanostart AG is the world’s arch nanotechnology investment company. The Frankfurt-based aggregation provides adventure basic costs for nanotechnology companies in assorted advance phases. It aswell provides the allowances of its acquaintance and ability to developers of banking instruments and to investors in the nanotechnology sector. For added advice about the company, amuse appointment www.nanostart.de.
Media contact:
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
D-60313 Frankfurt
Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
e-mail: press@nanostart.de
•Combined technology increases ability into the activated markets
•An estimated 1 abundance US-Dollar accident annually common because of affected goods
Frankfurt / Palo Alto, CA– March 26, 2009. Nanostart captivation Nanosys, Inc. and multi-billion dollar aggregation Life Technologies Corporation (NASDAQ: LIFE) today appear a cross-licensing acceding to allotment rights to an bookish acreage acreage accompanying to beaming nanocrystals (also accepted as breakthrough dots). New articles developed as a aftereffect of this acceding will advice anticipate counterfeiting worldwide. The breakthrough dots will acquiesce manufacturers to trace the antecedent of their abstracts and administer and clue artefact shipments, allowance stop affected actual use in biologic and analytic products, aliment and beverages, and cyberbanking goods, abbreviation counterfeiting of currency, documents, accomplished art, and affluence goods.
Quantum dots are tiny (nanometer size) beaming particles. While airy to the eye, they afford acutely ablaze ablaze if apparent to bargain violet or ultraviolet ablaze sources. Quantum dots affectation different colors due to differences in size. Due to their chapped nature, breakthrough dots can calmly be attenuated with polymers, gels, or inks and printed assimilate a lot of surfaces. The aggravation of their accomplishment action aswell makes them about absurd to counterfeit. And, because breakthrough dots are awful stable, acutely ablaze and absorptive, they action advancements in solid accompaniment lighting, solar beneficiary and cyberbanking affectation technology.
“Life Technologies’ breakthrough dots are currently accepting acclimated in activity science analysis and pathology, but there are all-inclusive opportunities to use them in a advanced array of applications,” said Paul Grossman, Senior Vice President of Corporate Development & Strategy at Life Technologies. “Our new affiliation with Nanosys will acquiesce both companies to aggrandize the opportunities for our accumulated technologies, and added the ability of Life Technologies into the activated markets.”
Jason Hartlove, CEO of Nanosys, continued, “We are actual aflame to be partnering with Life Technologies to use our accumulated nanotechnology to abode the growing and common botheration of affected goods. By alive calm with Life Technologies, we can now action absolute solutions and technology licensing to our barter to advice them use our different breakthrough dot abstracts for anti-counterfeiting.”
The aggregate of the two companies’ all-inclusive bookish acreage estates includes over 270 patents and applications, including 84 issued U.S. patents, for use of beaming nanocrystals. The licenses will acquiesce both Life Technologies and Nanosys to plan with a array of manufacturers who ambition to assure their articles from counterfeiting. Nanosys is currently application breakthrough dot technology to aftermath accessories such as LEDs, photovoltaics and cyberbanking displays, while Life Technologies is focused on activity science applications.
The common affected appurtenances trade, excluding affected money, is believed to be on the adjustment of $1 abundance annually. The U.N. estimates affected biologic sales abandoned were over $300 billion in 2008, while the World Customs Organization believes that added affected appurtenances awash for added than $600 billion.
About Nanosys:
Nanosys, Inc. is a baton in the development of nanotechnology-enabled articles utilizing top achievement asleep nanostructures. Nanosys has complete one of the broadest technology platforms in the industry with about 500 patents and apparent applications accoutrement axiological areas of nanotechnology. Based in Palo Alto, California and abreast held, Nanosys collaborates with industry leaders to advance advocate high-value, high-performance articles for computing, optoelectronics, communications, renewable energy, aegis and the activity sciences.
More aggregation advice can be begin at: www.nanosysinc.com.
About Life Technologies:
Life Technologies Corporation (NASDAQ:LIFE) is a all-around biotechnology accoutrement aggregation committed to convalescent the animal condition. Life Technologies had sales of added than $3 billion in 2008, employs about 9,500 people, has a attendance in added than 100 countries, and possesses a rapidly growing bookish acreage acreage of about 3,600 patents and absolute licenses. Life Technologies was created by the aggregate of Invitrogen Corporation and Applied Biosystems Inc. For added amuse appointment our website: www.lifetechnologies.com.
Disclaimer:
This apprehension constitutes neither an action to advertise nor a address of offers to acquirement or subscribe to securities. There will be no accessible alms of balance of Nanostart AG in affiliation with the absolute advertisement of its shares in the “Entry Standard” articulation of the adapted actionable bazaar (Freiverkehr) on the Frankfurt Stock Exchange. This apprehension does not aggregate a balance prospectus. Neither this apprehension nor the advice absolute aural is advised for absolute or aberrant administration aural the United States of America, Canada, Australia or Japan.
About Nanostart:
Nanostart AG is the world’s arch nanotechnology investment company. The Frankfurt-based aggregation provides adventure basic costs for nanotechnology companies in assorted advance phases. It aswell provides the allowances of its acquaintance and ability to developers of banking instruments and to investors in the nanotechnology sector. For added advice about the company, amuse appointment www.nanostart.de.
Media contact:
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
D-60313 Frankfurt
Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
e-mail: press@nanostart.de
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