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Global Life Insurance

  • ID: 1923350
  • Report
  • December 2020
  • Region: Global
  • 47 pages
  • MarketLine

FEATURED COMPANIES

  • AXA SA
1h Free Analyst Time

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Global Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.



Key Highlights
  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2019 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
  • The global life insurance market is expected to generate total gross written premiums of $2,732.1bn in 2020, representing a compound annual growth rate (CAGR) of 2.2% between 2016 and 2020.
  • The life insurance segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $1,913.3bn, equivalent to 70% of the market's overall value.
  • One of the main drivers of life insurance spending is consumer confidence. If consumers are confident in their economic ability and the long-term economic prospects of their country, then they are very unlikely to buy life insurance.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in the global.
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global life insurance market.
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance.
  • Add weight to presentations and pitches by understanding the future growth prospects of the global life insurance market with five year forecasts.
Reasons to Buy
  • What was the size of the global life insurance market by value in 2020?
  • What will be the size of the global life insurance market in 2025?
  • What factors are affecting the strength of competition in the global life insurance market?
  • How has the market performed over the last five years?
  • How large is the global’s life insurance market in relation to its regional counterparts?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AXA SA
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview
2.1. Market definition
2.2. Market analysis

3 Market Data
3.1. Market value

4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook
5.1. Market value forecast

6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?

8 Company Profiles
8.1. China Life Insurance Co Ltd
8.2. AXA SA
8.3. Nippon Life Insurance Company
8.4. Ping An Insurance (Group) Company of China, Ltd.

9 Macroeconomic Indicators
9.1. Country data

10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Author

List of Tables
Table 1: Global life insurance market value: $ billion, 2016-20(e)
Table 2: Global life insurance market category segmentation: $ billion, 2020(e)
Table 3: Global life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Global life insurance market value forecast: $ billion, 2020-25
Table 5: Global life insurance market share: % share, by value, 2020(e)
Table 6: China Life Insurance Co Ltd: key facts
Table 7: China Life Insurance Co Ltd: Key Employees
Table 8: AXA SA: key facts
Table 9: AXA SA: Key Employees
Table 10: AXA SA: Key Employees Continued
Table 11: AXA SA: Key Employees Continued
Table 12: AXA SA: Key Employees Continued
Table 13: Nippon Life Insurance Company: key facts
Table 14: Nippon Life Insurance Company: Key Employees
Table 15: Nippon Life Insurance Company: Key Employees Continued
Table 16: Nippon Life Insurance Company: Key Employees Continued
Table 17: Nippon Life Insurance Company: Key Employees Continued
Table 18: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 19: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 20: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 21: Global exchange rate, 2015-19

List of Figures
Figure 1: Global life insurance market value: $ billion, 2016-20(e)
Figure 2: Global life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Global life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Global life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the global life insurance market, 2020
Figure 6: Drivers of buyer power in the global life insurance market, 2020
Figure 7: Drivers of supplier power in the global life insurance market, 2020
Figure 8: Factors influencing the likelihood of new entrants in the global life insurance market, 2020
Figure 9: Factors influencing the threat of substitutes in the global life insurance market, 2020
Figure 10: Drivers of degree of rivalry in the global life insurance market, 2020
Figure 11: Global life insurance market share: % share, by value, 2020(e)
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • China Life Insurance Co Ltd
  • AXA SA
  • Nippon Life Insurance Company
  • Ping An Insurance (Group) Company of China, Ltd.
Note: Product cover images may vary from those shown
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