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Global Insurance Market 2023-2027

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    Report

  • 165 Pages
  • March 2023
  • Region: Global
  • TechNavio
  • ID: 5767869
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The insurance market is forecast to grow by $1429.64 bn during 2022-2027, accelerating at a CAGR of 4.5% during the forecast period. The report on the insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government regulations on mandatory insurance coverage in developing countries, uncertain catastrophic events leading to increasing demand for insurance, and digitalization of insurance industry.

The insurance market is segmented as below:

By Distribution Channel

  • Sales personnel
  • Insurance agencies

By Type

  • Life
  • Non-life

By Geography

  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the integration of wearables into customer engagement metrics for life insurance software as one of the prime reasons driving the insurance market growth during the next few years. Also, investors collaborating with insurtech firms and new technological developments in home insurance industry will lead to sizable demand in the market.

The report on the insurance market covers the following areas:

  • Insurance market sizing
  • Insurance market forecast
  • Insurance market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading insurance market vendors that include Aditya Birla Management Corp. Pvt. Ltd., Allianz SE, American International Group Inc., AXA Group, Bank of America Corp., Berkshire Hathaway Inc., Canara Bank, Citigroup Inc., Go Digit General Insurance Ltd., HDFC Ltd., JPMorgan Chase and Co., Kotak Mahindra Bank Ltd., Life Insurance Corp. of India, Microsoft Corp., State Bank of India, Tata Sons Pvt. Ltd., The PNC Financial Services Group Inc., Truist Financial Corp., U.S. Bancorp, and Wells Fargo and Co. Also, the insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The supplier presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size
4.1 Global insurance market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global insurance market 2017 - 2021 ($ billion)
4.2 Distribution Channel Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Distribution Channel Segment 2017 - 2021 ($ billion)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel
6.1 Market segments
Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
6.2 Comparison by Distribution Channel
Exhibit 32: Chart on Comparison by Distribution Channel
Exhibit 33: Data Table on Comparison by Distribution Channel
6.3 Sales personnel - Market size and forecast 2022-2027
Exhibit 34: Chart on Sales personnel - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Sales personnel - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Sales personnel - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Sales personnel - Year-over-year growth 2022-2027 (%)
6.4 Insurance agencies - Market size and forecast 2022-2027
Exhibit 38: Chart on Insurance agencies - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Insurance agencies - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Insurance agencies - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Insurance agencies - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Distribution Channel
Exhibit 42: Market opportunity by Distribution Channel ($ billion)
Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Type
7.1 Market segments
Exhibit 44: Chart on Type - Market share 2022-2027 (%)
Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Life - Market size and forecast 2022-2027
Exhibit 48: Chart on Life - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Data Table on Life - Market size and forecast 2022-2027 ($ billion)
Exhibit 50: Chart on Life - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Life - Year-over-year growth 2022-2027 (%)
7.4 Non-life - Market size and forecast 2022-2027
Exhibit 52: Chart on Non-life - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Data Table on Non-life - Market size and forecast 2022-2027 ($ billion)
Exhibit 54: Chart on Non-life - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Non-life - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 56: Market opportunity by Type ($ billion)
Exhibit 57: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape
8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 59: Chart on Market share by geography 2022-2027 (%)
Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 APAC - Market size and forecast 2022-2027
Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Japan - Market size and forecast 2022-2027
Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.11 UK - Market size and forecast 2022-2027
Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.12 France - Market size and forecast 2022-2027
Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ billion)
Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis
12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Aditya Birla Management Corp. Pvt. Ltd.
Exhibit 111: Aditya Birla Management Corp. Pvt. Ltd. - Overview
Exhibit 112: Aditya Birla Management Corp. Pvt. Ltd. - Product/Service
Exhibit 113: Aditya Birla Management Corp. Pvt. Ltd. - Key offerings
12.4 Allianz SE
Exhibit 114: Allianz SE - Overview
Exhibit 115: Allianz SE - Business segments
Exhibit 116: Allianz SE - Key news
Exhibit 117: Allianz SE - Key offerings
Exhibit 118: Allianz SE - Segment focus
12.5 American International Group Inc.
Exhibit 119: American International Group Inc. - Overview
Exhibit 120: American International Group Inc. - Business segments
Exhibit 121: American International Group Inc. - Key news
Exhibit 122: American International Group Inc. - Key offerings
Exhibit 123: American International Group Inc. - Segment focus
12.6 AXA Group
Exhibit 124: AXA Group - Overview
Exhibit 125: AXA Group - Business segments
Exhibit 126: AXA Group - Key offerings
Exhibit 127: AXA Group - Segment focus
12.7 Bank of America Corp.
Exhibit 128: Bank of America Corp. - Overview
Exhibit 129: Bank of America Corp. - Business segments
Exhibit 130: Bank of America Corp. - Key news
Exhibit 131: Bank of America Corp. - Key offerings
Exhibit 132: Bank of America Corp. - Segment focus
12.8 Berkshire Hathaway Inc.
Exhibit 133: Berkshire Hathaway Inc. - Overview
Exhibit 134: Berkshire Hathaway Inc. - Business segments
Exhibit 135: Berkshire Hathaway Inc. - Key news
Exhibit 136: Berkshire Hathaway Inc. - Key offerings
Exhibit 137: Berkshire Hathaway Inc. - Segment focus
12.9 Canara Bank
Exhibit 138: Canara Bank - Overview
Exhibit 139: Canara Bank - Product/Service
Exhibit 140: Canara Bank - Key offerings
12.10 Citigroup Inc.
Exhibit 141: Citigroup Inc. - Overview
Exhibit 142: Citigroup Inc. - Business segments
Exhibit 143: Citigroup Inc. - Key offerings
Exhibit 144: Citigroup Inc. - Segment focus
12.11 HDFC Ltd.
Exhibit 145: HDFC Ltd. - Overview
Exhibit 146: HDFC Ltd. - Product/Service
Exhibit 147: HDFC Ltd. - Key offerings
12.12 JPMorgan Chase and Co.
Exhibit 148: JPMorgan Chase and Co. - Overview
Exhibit 149: JPMorgan Chase and Co. - Business segments
Exhibit 150: JPMorgan Chase and Co. - Key offerings
Exhibit 151: JPMorgan Chase and Co. - Segment focus
12.13 Kotak Mahindra Bank Ltd.
Exhibit 152: Kotak Mahindra Bank Ltd. - Overview
Exhibit 153: Kotak Mahindra Bank Ltd. - Business segments
Exhibit 154: Kotak Mahindra Bank Ltd. - Key offerings
Exhibit 155: Kotak Mahindra Bank Ltd. - Segment focus
12.14 Life Insurance Corp. of India
Exhibit 156: Life Insurance Corp. of India - Overview
Exhibit 157: Life Insurance Corp. of India - Product/Service
Exhibit 158: Life Insurance Corp. of India - Key offerings
12.15 Microsoft Corp.
Exhibit 159: Microsoft Corp. - Overview
Exhibit 160: Microsoft Corp. - Business segments
Exhibit 161: Microsoft Corp. - Key news
Exhibit 162: Microsoft Corp. - Key offerings
Exhibit 163: Microsoft Corp. - Segment focus
12.16 Tata Sons Pvt. Ltd.
Exhibit 164: Tata Sons Pvt. Ltd. - Overview
Exhibit 165: Tata Sons Pvt. Ltd. - Business segments
Exhibit 166: Tata Sons Pvt. Ltd. - Key offerings
Exhibit 167: Tata Sons Pvt. Ltd. - Segment focus
12.17 Wells Fargo and Co.
Exhibit 168: Wells Fargo and Co. - Overview
Exhibit 169: Wells Fargo and Co. - Business segments
Exhibit 170: Wells Fargo and Co. - Key offerings
Exhibit 171: Wells Fargo and Co. - Segment focus

13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 174: Currency conversion rates for US$
13.4 Research methodology
Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources
13.5 List of abbreviations
Exhibit 178: List of abbreviations

List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market by Geography
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibits 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibits 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 18: Historic Market Size - Data Table on Global insurance market 2017 - 2021 ($ billion)
Exhibits 19: Historic Market Size - Distribution Channel Segment 2017 - 2021 ($ billion)
Exhibits 20: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
Exhibits 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
Exhibits 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)
Exhibits 23: Five forces analysis - Comparison between 2022 and 2027
Exhibits 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 26: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 27: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 28: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 29: Chart on Market condition - Five forces 2022 and 2027
Exhibits 30: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibits 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
Exhibits 32: Chart on Comparison by Distribution Channel
Exhibits 33: Data Table on Comparison by Distribution Channel
Exhibits 34: Chart on Sales personnel - Market size and forecast 2022-2027 ($ billion)
Exhibits 35: Data Table on Sales personnel - Market size and forecast 2022-2027 ($ billion)
Exhibits 36: Chart on Sales personnel - Year-over-year growth 2022-2027 (%)
Exhibits 37: Data Table on Sales personnel - Year-over-year growth 2022-2027 (%)
Exhibits 38: Chart on Insurance agencies - Market size and forecast 2022-2027 ($ billion)
Exhibits 39: Data Table on Insurance agencies - Market size and forecast 2022-2027 ($ billion)
Exhibits 40: Chart on Insurance agencies - Year-over-year growth 2022-2027 (%)
Exhibits 41: Data Table on Insurance agencies - Year-over-year growth 2022-2027 (%)
Exhibits 42: Market opportunity by Distribution Channel ($ billion)
Exhibits 43: Data Table on Market opportunity by Distribution Channel ($ billion)
Exhibits 44: Chart on Type - Market share 2022-2027 (%)
Exhibits 45: Data Table on Type - Market share 2022-2027 (%)
Exhibits 46: Chart on Comparison by Type
Exhibits 47: Data Table on Comparison by Type
Exhibits 48: Chart on Life - Market size and forecast 2022-2027 ($ billion)
Exhibits 49: Data Table on Life - Market size and forecast 2022-2027 ($ billion)
Exhibits 50: Chart on Life - Year-over-year growth 2022-2027 (%)
Exhibits 51: Data Table on Life - Year-over-year growth 2022-2027 (%)
Exhibits 52: Chart on Non-life - Market size and forecast 2022-2027 ($ billion)
Exhibits 53: Data Table on Non-life - Market size and forecast 2022-2027 ($ billion)
Exhibits 54: Chart on Non-life - Year-over-year growth 2022-2027 (%)
Exhibits 55: Data Table on Non-life - Year-over-year growth 2022-2027 (%)
Exhibits 56: Market opportunity by Type ($ billion)
Exhibits 57: Data Table on Market opportunity by Type ($ billion)
Exhibits 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 59: Chart on Market share by geography 2022-2027 (%)
Exhibits 60: Data Table on Market share by geography 2022-2027 (%)
Exhibits 61: Chart on Geographic comparison
Exhibits 62: Data Table on Geographic comparison
Exhibits 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibits 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibits 65: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibits 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
Exhibits 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibits 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibits 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibits 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibits 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibits 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibits 77: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibits 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
Exhibits 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibits 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibits 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibits 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibits 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibits 86: Data Table on US - Year-over-year growth 2022-2027 (%)
Exhibits 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibits 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibits 89: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibits 90: Data Table on China - Year-over-year growth 2022-2027 (%)
Exhibits 91: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibits 92: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibits 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibits 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibits 97: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibits 98: Data Table on UK - Year-over-year growth 2022-2027 (%)
Exhibits 99: Chart on France - Market size and forecast 2022-2027 ($ billion)
Exhibits 100: Data Table on France - Market size and forecast 2022-2027 ($ billion)
Exhibits 101: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibits 102: Data Table on France - Year-over-year growth 2022-2027 (%)
Exhibits 103: Market opportunity by geography ($ billion)
Exhibits 104: Data Tables on Market opportunity by geography ($ billion)
Exhibits 105: Impact of drivers and challenges in 2022 and 2027
Exhibits 106: Overview on Criticality of inputs and Factors of differentiation
Exhibits 107: Overview on factors of disruption
Exhibits 108: Impact of key risks on business
Exhibits 109: Vendors covered
Exhibits 110: Matrix on vendor position and classification
Exhibits 111: Aditya Birla Management Corp. Pvt. Ltd. - Overview
Exhibits 112: Aditya Birla Management Corp. Pvt. Ltd. - Product/Service
Exhibits 113: Aditya Birla Management Corp. Pvt. Ltd. - Key offerings
Exhibits 114: Allianz SE - Overview
Exhibits 115: Allianz SE - Business segments
Exhibits 116: Allianz SE - Key news
Exhibits 117: Allianz SE - Key offerings
Exhibits 118: Allianz SE - Segment focus
Exhibits 119: American International Group Inc. - Overview
Exhibits 120: American International Group Inc. - Business segments
Exhibits 121: American International Group Inc. - Key news
Exhibits 122: American International Group Inc. - Key offerings
Exhibits 123: American International Group Inc. - Segment focus
Exhibits 124: AXA Group - Overview
Exhibits 125: AXA Group - Business segments
Exhibits 126: AXA Group - Key offerings
Exhibits 127: AXA Group - Segment focus
Exhibits 128: Bank of America Corp. - Overview
Exhibits 129: Bank of America Corp. - Business segments
Exhibits 130: Bank of America Corp. - Key news
Exhibits 131: Bank of America Corp. - Key offerings
Exhibits 132: Bank of America Corp. - Segment focus
Exhibits 133: Berkshire Hathaway Inc. - Overview
Exhibits 134: Berkshire Hathaway Inc. - Business segments
Exhibits 135: Berkshire Hathaway Inc. - Key news
Exhibits 136: Berkshire Hathaway Inc. - Key offerings
Exhibits 137: Berkshire Hathaway Inc. - Segment focus
Exhibits 138: Canara Bank - Overview
Exhibits 139: Canara Bank - Product/Service
Exhibits 140: Canara Bank - Key offerings
Exhibits 141: Citigroup Inc. - Overview
Exhibits 142: Citigroup Inc. - Business segments
Exhibits 143: Citigroup Inc. - Key offerings
Exhibits 144: Citigroup Inc. - Segment focus
Exhibits 145: HDFC Ltd. - Overview
Exhibits 146: HDFC Ltd. - Product/Service
Exhibits 147: HDFC Ltd. - Key offerings
Exhibits 148: JPMorgan Chase and Co. - Overview
Exhibits 149: JPMorgan Chase and Co. - Business segments
Exhibits 150: JPMorgan Chase and Co. - Key offerings
Exhibits 151: JPMorgan Chase and Co. - Segment focus
Exhibits 152: Kotak Mahindra Bank Ltd. - Overview
Exhibits 153: Kotak Mahindra Bank Ltd. - Business segments
Exhibits 154: Kotak Mahindra Bank Ltd. - Key offerings
Exhibits 155: Kotak Mahindra Bank Ltd. - Segment focus
Exhibits 156: Life Insurance Corp. of India - Overview
Exhibits 157: Life Insurance Corp. of India - Product/Service
Exhibits 158: Life Insurance Corp. of India - Key offerings
Exhibits 159: Microsoft Corp. - Overview
Exhibits 160: Microsoft Corp. - Business segments
Exhibits 161: Microsoft Corp. - Key news
Exhibits 162: Microsoft Corp. - Key offerings
Exhibits 163: Microsoft Corp. - Segment focus
Exhibits 164: Tata Sons Pvt. Ltd. - Overview
Exhibits 165: Tata Sons Pvt. Ltd. - Business segments
Exhibits 166: Tata Sons Pvt. Ltd. - Key offerings
Exhibits 167: Tata Sons Pvt. Ltd. - Segment focus
Exhibits 168: Wells Fargo and Co. - Overview
Exhibits 169: Wells Fargo and Co. - Business segments
Exhibits 170: Wells Fargo and Co. - Key offerings
Exhibits 171: Wells Fargo and Co. - Segment focus
Exhibits 172: Inclusions checklist
Exhibits 173: Exclusions checklist
Exhibits 174: Currency conversion rates for US$
Exhibits 175: Research methodology
Exhibits 176: Validation techniques employed for market sizing
Exhibits 177: Information sources
Exhibits 178: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global insurance market: Aditya Birla Management Corp. Pvt. Ltd., Allianz SE, American International Group Inc., AXA Group, Bank of America Corp., Berkshire Hathaway Inc., Canara Bank, Citigroup Inc., Go Digit General Insurance Ltd., HDFC Ltd., JPMorgan Chase and Co., Kotak Mahindra Bank Ltd., Life Insurance Corp. of India, Microsoft Corp., State Bank of India, Tata Sons Pvt. Ltd., The PNC Financial Services Group Inc., Truist Financial Corp., U.S. Bancorp, and Wells Fargo and Co.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is the integration of wearables into customer engagement metrics for life insurance software.'

According to the report, one of the major drivers for this market is the increasing government regulations on mandatory insurance coverage in developing countries.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aditya Birla Management Corp. Pvt. Ltd.
  • Allianz SE
  • American International Group Inc.
  • AXA Group
  • Bank of America Corp.
  • Berkshire Hathaway Inc.
  • Canara Bank
  • Citigroup Inc.
  • Go Digit General Insurance Ltd.
  • HDFC Ltd.
  • JPMorgan Chase and Co.
  • Kotak Mahindra Bank Ltd.
  • Life Insurance Corp. of India
  • Microsoft Corp.
  • State Bank of India
  • Tata Sons Pvt. Ltd.
  • The PNC Financial Services Group Inc.
  • Truist Financial Corp.
  • U.S. Bancorp
  • Wells Fargo and Co.