US Car Insurance satisfaction survey vs marketshare

CAR INSURACE SATISFACTION SURVEY

global insurance stands at 6%, S. Africa, S. Korea most insured with 15% penetration

 

Global insurance Penetration

Globally Insurance penetration is  measured as the ratio of premium to Gross Domestic Product.Globally, insurance penetration stands at 6.2 per cent, while density is at $662 (Rs 42,103) for 2014

Among BRIC nations South Africa leads in insurance penetration with 15.4 %.Brazil ranks no 2 in terms of insurance penetration with 4%,followed by  India at 3.4%,China 3% and Russia with 1.3% insurance rates.

Across Developed countries  UK and Japan  tops  insurance penetration followed by UK with 11.5% and Japan 11%.Meanwhile France, Italy and US follows with 9%,7.6%and 7.5%

respectively. Canada  and Germany   stands at 6.5% , along with  Australia's insurance  penetration of  with 5.2%

South Africa and South Korea have the biggest insurance rates in  the world with 15.4% and 11.9%

Insurance penetration  across  Top 20 Nations

1. Australia:5.2%
2. Argentina:3.6 %
3. Brazil :4%
4. Canada:6.5%
5. Germany: 6.5%
6. India: 3.6%
7. Italy:7.6%
8. China:3.0%
9. Mexico 2.1 
10. Indonesia 2.1
11. South Africa:15.4%
12. South Korea: 11.9%
13. United Kingdom:11.5%
14. United States:9%
15. Turkey 1.5
16. Russia 1.3 
17. Argentina 3.6 
18. Mexico 2.1 
19. Indonesia 2.1
20. Turkey 1.5
21. Russia 1.3 

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BRICS lead Life Insurance premium growth , china growing 3times its nearest competitor

Global Insurance Premiums are lead by BRIC Nations with China growing 3 times as much as its nearest  BRIC partners

 In a recent  E&Y paper titled" wings of change" on the growth of  life insurance premiums across the world, It  forecasts  BRIC countries to emerge as the biggest growth drivers. But  the number one market is clearly CHINA .The Chinese  life insurance market growth is set to dwarf both India, brazil and south africa( which ranks 4th)   as premium collections is china is forecasted to grow 3 times the number in India, Brazil and South Africa

UK has the largest insurance in Europe, 3rd largest worldwide

The UK insurance industry is the largest in Europe and the third largest in the world. UK has seen managing investments of £1.8 trillion (equivalent to 25% of the UK’s total net worth) and paying nearly £12bn in taxes to the Government. I

Insurance  Industry in UK employs around 315,000 individuals, of which more than a third are employed directly by insurers with the remainder in auxiliary services such as broking



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Comparing Americans who are without health insurance vs insured

data : US Census

Comparison  and data on Non Insured in United states  vs Insured 

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search spends tanks 5%, as mobile now forms 25% of digital spends

 Source: Interactive Advertising Bureau Research Date: May 30th, 2015

Search spends slows down by 5% while , Mobile spends grew by  8% .

1)Meanwhile banners  ads  ranks no  3 in terms of digital spending share but it declined by 3% ( 16% in 2014 vs 19% in 2013 )

2)Last year saw  unprecedented spends on mobile as spends grew by   8%  in 2014  and formed  25% of digital ad spends in contrast to  17% in 2013.Mobile ranks number 2 in overall brands spends across the online media

3)Search  spends  has been impacted  last year  as ad dollars started shifting  to mobile  as search spends declined 5%. Although search marketing ranks no 1 in digital spending  for both 2013 and 2014 , its share has come down to  38% in 2014 as compared to 43% in 2013

4)Online video ranks number 4 in terms of spends with a share of 7% allocated to it ( no change
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