FEATURED COMPANIES
- AIA Group Ltd
- AXA Equitable
- John Hancock
- Minnesota Life
- Pacific Life
- Prudential plc
- MORE
Equity Indexed Life Insurance Market Global Report 2020 from the author provides strategists, marketers and senior management with the critical information they need to assess the global equity indexed life insurance market.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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Description:
Where is the largest and fastest growing market for the equity indexed life insurance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Equity Indexed Life Insurance Market Global Report from the author answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market
- The Market Characteristics section of the report defines and explains the market.
- The Market Size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
- Market Segmentations break down market into sub markets.
- The Regional and Country section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
- Competitive Landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The Trends and Strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
Scope
- Markets Covered: 1) By Application: Agency, Brokers, Bancassurance, Digital and Direct Channels
- Companies Mentioned: Allianz , AXA Equitable, Ping An Insurance , China Life Insurance , Pacific Life
- Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA
- Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
- Time Series: Five years historic and forecast.
- Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AIA Group Ltd
- AXA Equitable
- John Hancock
- Minnesota Life
- Pacific Life
- Prudential plc
- MORE
1. Executive Summary
2. Equity Indexed Life Insurance Market Characteristics
3. Equity Indexed Life Insurance Market Size And Growth
3.1. Global Equity Indexed Life Insurance Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Equity Indexed Life Insurance Forecast Market, 2019 - 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Equity Indexed Life Insurance Market Segmentation
4.1. Global Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
5.1. Global Equity Indexed Life Insurance Market, Split By Region, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
5.2. Global Equity Indexed Life Insurance Market, Split By Country, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Equity Indexed Life Insurance Market
6.1. Asia-Pacific Equity Indexed Life Insurance Market Overview
6.2. Asia-Pacific Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
7. China Equity Indexed Life Insurance Market
7.1. China Equity Indexed Life Insurance Market Overview
7.2. China Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F,$ Billion
8. India Equity Indexed Life Insurance Market
8.1. India Equity Indexed Life Insurance Market Overview
8.2. India Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
9. Japan Equity Indexed Life Insurance Market
9.1. Japan Equity Indexed Life Insurance Market Overview
9.2. Japan Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
10. Australia Equity Indexed Life Insurance Market
10.1. Australia Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
11. Indonesia Equity Indexed Life Insurance Market
11.1. Indonesia Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
12. South Korea Equity Indexed Life Insurance Market
12.1. South Korea Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
13. Western Europe Equity Indexed Life Insurance Market
13.1. Western Europe Equity Indexed Life Insurance Market Overview
13.2. Western Europe Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
14. UK Equity Indexed Life Insurance Market
14.1. UK Equity Indexed Life Insurance Market Overview
14.2. UK Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
15. Germany Equity Indexed Life Insurance Market
15.1. Germany Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
16. France Equity Indexed Life Insurance Market
16.3. France Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
17. Eastern Europe Equity Indexed Life Insurance Market
17.1. Eastern Europe Equity Indexed Life Insurance Market Overview
17.2. Eastern Europe Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
18. Russia Equity Indexed Life Insurance Market
18.1. Russia Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
19. North America Equity Indexed Life Insurance Market
19.1. North America Equity Indexed Life Insurance Market Overview
19.2. North America Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
20. USA Equity Indexed Life Insurance Market
20.1. USA Equity Indexed Life Insurance Market Overview
20.2. USA Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
21. South America Equity Indexed Life Insurance Market
21.1. South America Equity Indexed Life Insurance Market Overview
21.2. South America Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
22. Brazil Equity Indexed Life Insurance Market
22.1. Brazil Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
23. Middle East Equity Indexed Life Insurance Market
23.1. Middle East Equity Indexed Life Insurance Market Overview
23.2. Middle East Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
24. Africa Equity Indexed Life Insurance Market
24.1. Africa Equity Indexed Life Insurance Market Overview
24.2. Africa Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
25. Equity Indexed Life Insurance Market Competitive Landscape And Company Profiles
25.1. Equity Indexed Life Insurance Market Competitive Landscape
25.2. Equity Indexed Life Insurance Market Company Profiles
25.2.1. Allianz
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. AXA Equitable
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Ping An Insurance
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. China Life Insurance
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Pacific Life
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Equity Indexed Life Insurance Market
27. Equity Indexed Life Insurance Market Trends And Strategies
28. Equity Indexed Life Insurance Market Future Outlook and Potential Analysis
29. Appendix
2. Equity Indexed Life Insurance Market Characteristics
3. Equity Indexed Life Insurance Market Size And Growth
3.1. Global Equity Indexed Life Insurance Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Equity Indexed Life Insurance Forecast Market, 2019 - 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Equity Indexed Life Insurance Market Segmentation
4.1. Global Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
- Agency Brokers
- Bancassurance Digital and Direct Channels
5.1. Global Equity Indexed Life Insurance Market, Split By Region, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
5.2. Global Equity Indexed Life Insurance Market, Split By Country, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Equity Indexed Life Insurance Market
6.1. Asia-Pacific Equity Indexed Life Insurance Market Overview
6.2. Asia-Pacific Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
7. China Equity Indexed Life Insurance Market
7.1. China Equity Indexed Life Insurance Market Overview
7.2. China Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F,$ Billion
8. India Equity Indexed Life Insurance Market
8.1. India Equity Indexed Life Insurance Market Overview
8.2. India Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
9. Japan Equity Indexed Life Insurance Market
9.1. Japan Equity Indexed Life Insurance Market Overview
9.2. Japan Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
10. Australia Equity Indexed Life Insurance Market
10.1. Australia Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
11. Indonesia Equity Indexed Life Insurance Market
11.1. Indonesia Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
12. South Korea Equity Indexed Life Insurance Market
12.1. South Korea Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
13. Western Europe Equity Indexed Life Insurance Market
13.1. Western Europe Equity Indexed Life Insurance Market Overview
13.2. Western Europe Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
14. UK Equity Indexed Life Insurance Market
14.1. UK Equity Indexed Life Insurance Market Overview
14.2. UK Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
15. Germany Equity Indexed Life Insurance Market
15.1. Germany Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
16. France Equity Indexed Life Insurance Market
16.3. France Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
17. Eastern Europe Equity Indexed Life Insurance Market
17.1. Eastern Europe Equity Indexed Life Insurance Market Overview
17.2. Eastern Europe Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
18. Russia Equity Indexed Life Insurance Market
18.1. Russia Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
19. North America Equity Indexed Life Insurance Market
19.1. North America Equity Indexed Life Insurance Market Overview
19.2. North America Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
20. USA Equity Indexed Life Insurance Market
20.1. USA Equity Indexed Life Insurance Market Overview
20.2. USA Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
21. South America Equity Indexed Life Insurance Market
21.1. South America Equity Indexed Life Insurance Market Overview
21.2. South America Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
22. Brazil Equity Indexed Life Insurance Market
22.1. Brazil Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
23. Middle East Equity Indexed Life Insurance Market
23.1. Middle East Equity Indexed Life Insurance Market Overview
23.2. Middle East Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
24. Africa Equity Indexed Life Insurance Market
24.1. Africa Equity Indexed Life Insurance Market Overview
24.2. Africa Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
25. Equity Indexed Life Insurance Market Competitive Landscape And Company Profiles
25.1. Equity Indexed Life Insurance Market Competitive Landscape
25.2. Equity Indexed Life Insurance Market Company Profiles
25.2.1. Allianz
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. AXA Equitable
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Ping An Insurance
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. China Life Insurance
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Pacific Life
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Equity Indexed Life Insurance Market
27. Equity Indexed Life Insurance Market Trends And Strategies
28. Equity Indexed Life Insurance Market Future Outlook and Potential Analysis
29. Appendix
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AIA Group Ltd
- AXA Equitable
- John Hancock
- Minnesota Life
- Pacific Life
- Prudential plc
- MORE
The equity indexed life insurance market consists of sales of equity indexed life insurance that focuses on building a cash value which can be borrowed against or invested and used to cover increases in the cost of the insurance. This results in the elimination of premium payments. Equity-indexed life insurance offers flexibility on the amount of premiums and a cash value which can provide gains equal to that of the stock market.
The global equity indexed life insurance market was valued at about $2.1 billion in 2018 and is expected to grow to $3.33 billion at a CAGR of 12.3% through 2022.
The equity indexed life insurance market has been geographically segmented into North America, Western Europe, APAC, Eastern Europe, South America and Middle East & Africa. The North American market is the largest market for equity indexed life insurance and is expected to continue to be the largest market during the forecast period.
The economic growth in the emerging markets drives the equity indexed life insurance market with the economies being exposed to external cyclical factors. Improving global economies, and a positive scenario in interest rates will continue to impact the market positively. For instance, the report by sigma in 2019 shows that the seven largest emerging markets will contribute around 42% of global growth, with China alone contributing 27%. This growth will drive the need to cover businesses with insurances and thereby contribute to the growth of the market.
The equity indexed life insurance market is being restrained by a low awareness about life insurance, which also includes equity indexed life insurance. This results in a fewer number of people buying equity indexed life insurance. For instance, according to a report by Insurance Regulatory and Development Authority conducted in 2016, the life insurance penetration in India was just 3.69%. The complexity of equity indexed life insurance results in even lesser awareness about the product. Even though the awareness levels are increasing recently, they are still very low in some regions, thus restraining the market. Poor advice, wrong information and lack of understanding has a negative influence on the market.
Companies in the equity indexed life insurance market are undergoing transformation through automation of insurance activities. According to a report by McKinsey, about a quarter of full time positions in the insurance industry will be replaced by automation in the next 10 years, due to a higher efficiency and error free tasks possible through automation. The positions that will be replaced include those of IT, operations, administrative support and sales support. For instance, a Scandinavian insurance company has rigorously transformed the claims handling process by the use of automation. In another instance, Haven Life, a life insurance company, has used digital technology for offering life insurance quickly and at a low cost. The company has achieved this through an online application process that needs a maximum of 20 minutes to make an instant decision on term coverage up to $1 million.
Major players in the market are Allianz, AXA Equitable, Ping An Insurance, China Life Insurance and Pacific Life.
The global equity indexed life insurance market was valued at about $2.1 billion in 2018 and is expected to grow to $3.33 billion at a CAGR of 12.3% through 2022.
The equity indexed life insurance market has been geographically segmented into North America, Western Europe, APAC, Eastern Europe, South America and Middle East & Africa. The North American market is the largest market for equity indexed life insurance and is expected to continue to be the largest market during the forecast period.
The economic growth in the emerging markets drives the equity indexed life insurance market with the economies being exposed to external cyclical factors. Improving global economies, and a positive scenario in interest rates will continue to impact the market positively. For instance, the report by sigma in 2019 shows that the seven largest emerging markets will contribute around 42% of global growth, with China alone contributing 27%. This growth will drive the need to cover businesses with insurances and thereby contribute to the growth of the market.
The equity indexed life insurance market is being restrained by a low awareness about life insurance, which also includes equity indexed life insurance. This results in a fewer number of people buying equity indexed life insurance. For instance, according to a report by Insurance Regulatory and Development Authority conducted in 2016, the life insurance penetration in India was just 3.69%. The complexity of equity indexed life insurance results in even lesser awareness about the product. Even though the awareness levels are increasing recently, they are still very low in some regions, thus restraining the market. Poor advice, wrong information and lack of understanding has a negative influence on the market.
Companies in the equity indexed life insurance market are undergoing transformation through automation of insurance activities. According to a report by McKinsey, about a quarter of full time positions in the insurance industry will be replaced by automation in the next 10 years, due to a higher efficiency and error free tasks possible through automation. The positions that will be replaced include those of IT, operations, administrative support and sales support. For instance, a Scandinavian insurance company has rigorously transformed the claims handling process by the use of automation. In another instance, Haven Life, a life insurance company, has used digital technology for offering life insurance quickly and at a low cost. The company has achieved this through an online application process that needs a maximum of 20 minutes to make an instant decision on term coverage up to $1 million.
Major players in the market are Allianz, AXA Equitable, Ping An Insurance, China Life Insurance and Pacific Life.
Note: Product cover images may vary from those shown
- Allianz
- AXA Equitable
- Ping An Insurance
- China Life Insurance
- Pacific Life
- American National
- National Life Group
- Symetra
- Swiss RE
- North American Company
- Lincoln National
- Transamerica
- Penn Mutual
- Prudential
- John Hancock
- Minnesota Life
- AIG
- AIA Group Ltd
- Berkshire Hathaway
- MetLife
- State Farm Group
- Generali
- Prudential plc
- Legal & General
- Zurich Insurance Group
- Nippon Life Insurance Company
- Munich Re
Note: Product cover images may vary from those shown
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