FEATURED COMPANIES
- Allianz
- AXA
- Generali
- Ping An
- Unitedhealth Group
Insurance Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global insurance providers market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Where is the largest and fastest growing market for the insurance providers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Insurance Providers market global report 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. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider insurance providers market, and compares it with other markets.
Markets Covered:
1) By Type: Life Insurance; Property & Casualty Insurance; Health & Medical Insurance
2) By End User: Corporate; Individual
3) By Mode: Online; Offline
Subsegments Covered: Term Life Insurance; Whole Life Insurance; Variable Life Insurance; Equity Indexed Life Insurance; Accidental Death Insurance; Other Life Insurance; Automobile Insurance Carriers; Malpractice/Indemnity Insurance Carriers; Fidelity Insurance Carriers; Mortgage Guaranty Insurance Carriers; Homeowners Insurance Carriers; Surety Insurance Carriers; Liability Insurance Carriers; Hospitalization Insurance; Hospital Daily Cash Benefit Insurance; Critical Illness Insurance; Domiciliary Insurance; Other Health & Medical Insurance
Companies Mentioned: Unitedhealth Group; AXA; Allianz; Generali; Ping An
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, insurance providers indicators comparison.
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.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Where is the largest and fastest growing market for the insurance providers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Insurance Providers market global report 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. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider insurance providers market, and compares it with other markets.
- 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, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns 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 the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- 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 analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The insurance providers market section of the report gives context. It compares the insurance providers market with other segments of the insurance(providers, brokers and re-insurers) market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, insurance providers indicators comparison.
Markets Covered:
1) By Type: Life Insurance; Property & Casualty Insurance; Health & Medical Insurance
2) By End User: Corporate; Individual
3) By Mode: Online; Offline
Subsegments Covered: Term Life Insurance; Whole Life Insurance; Variable Life Insurance; Equity Indexed Life Insurance; Accidental Death Insurance; Other Life Insurance; Automobile Insurance Carriers; Malpractice/Indemnity Insurance Carriers; Fidelity Insurance Carriers; Mortgage Guaranty Insurance Carriers; Homeowners Insurance Carriers; Surety Insurance Carriers; Liability Insurance Carriers; Hospitalization Insurance; Hospital Daily Cash Benefit Insurance; Critical Illness Insurance; Domiciliary Insurance; Other Health & Medical Insurance
Companies Mentioned: Unitedhealth Group; AXA; Allianz; Generali; Ping An
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, insurance providers indicators comparison.
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
- Allianz
- AXA
- Generali
- Ping An
- Unitedhealth Group
1. Executive Summary
2. Report Structure
3. Insurance Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Insurance Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Insurance Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Insurance Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Insurance Market Trends And Strategies
8. Impact Of COVID-19 On Insurance
9. Insurance Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Insurance Market Regional Analysis
10.1. Global Insurance Market, 2020, By Region, Value ($ Billion)
10.2. Global Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Insurance Market, Growth And Market Share Comparison, By Region
11. Insurance Market Segmentation
11.1. Global Insurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.1. Global Life Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Term Life Insurance; Whole Life Insurance; Variable Life Insurance; Equity Indexed Life Insurance; Accidental Death Insurance; Other Life Insurance
12.2. Global Property & Casualty Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Automobile Insurance Carriers; Malpractice/Indemnity Insurance Carriers; Fidelity Insurance Carriers; Mortgage Guaranty Insurance Carriers; Homeowners Insurance Carriers; Surety Insurance Carriers; Liability Insurance Carriers
12.3. Global Health & Medical Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Hospitalization Insurance; Hospital Daily Cash Benefit Insurance; Critical Illness Insurance; Domiciliary Insurance; Other Health & Medical Insurance
13. Insurance Market Metrics
13.1. Insurance Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Insurance Market Expenditure, 2015-2025, Global
14. Asia-Pacific Insurance Market
14.1. Asia-Pacific Insurance Market Overview
14.3. Asia-Pacific, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
14.4. Asia-Pacific, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
14.5. Asia-Pacific, Insurance Market Metrics
14.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Asia-Pacific Countries
14.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Asia-Pacific Countries
14.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Asia-Pacific Countries
14.6. Asia-Pacific Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Asia-Pacific Insurance Market: Country Analysis
14.7.1. China Insurance Market
14.7.1.1. China Insurance Market Overview
14.7.1.2. China Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.1.3. China Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Australia Insurance Market
14.7.2.1. Australia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2.2. Australia Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Hong Kong Insurance Market
14.7.3.1. Hong Kong Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. India Insurance Market
14.7.4.1. India Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4.2. India Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. Indonesia Insurance Market
14.7.5.1. Indonesia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5.2. Indonesia Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Japan Insurance Market
14.7.6.1. Japan Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6.2. Japan Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Malaysia Insurance Market
14.7.7.1. Malaysia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. New Zealand Insurance Market
14.7.8.1. New Zealand Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Philippines Insurance Market
14.7.9.1. Philippines Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Singapore Insurance Market
14.7.10.1. Singapore Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. South Korea Insurance Market
14.7.11.1. South Korea Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11.2. South Korea Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Thailand Insurance Market
14.7.12.1. Thailand Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Vietnam Insurance Market
14.7.13.1. Vietnam Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15. Western Europe Insurance Market
15.1. Western Europe Insurance Market Overview
15.2. Western Europe, Insurance Market, 2020, By Country, Value ($ Billion)
15.3. Western Europe, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
15.4. Western Europe, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
15.5. Western Europe, Insurance Market Metrics
15.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Western Europe Countries
15.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Western Europe Countries
15.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Western Europe Countries
15.6. Western Europe Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Western Europe Insurance Market: Country Analysis
15.7.1. Austria Insurance Market
15.7.1.1. Austria Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Belgium Insurance Market
15.7.2.1. Belgium Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Denmark Insurance Market
15.7.3.1. Denmark Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Finland Insurance Market
15.7.4.1. Finland Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.5. France Insurance Market
15.7.5.1. France Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.5.2. France Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.6. Germany Insurance Market
15.7.6.1. Germany Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.6.2. Germany Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.7. Ireland Insurance Market
15.7.7.1. Ireland Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.8. Italy Insurance Market
15.7.8.1. Italy Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.9. Netherlands Insurance Market
15.7.9.1. Netherlands Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.10. Norway Insurance Market
15.7.10.1. Norway Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.11. Portugal Insurance Market
15.7.11.1. Portugal Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.12. Spain Insurance Market
15.7.12.1. Spain Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.13. Sweden Insurance Market
15.7.13.1. Sweden Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15. Switzerland Insurance Market
15.7.15.1. Switzerland Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15. UK Insurance Market
15.7.15.1. UK Insurance Market2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15.2. UK Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16. Eastern Europe Insurance Market
16.1. Eastern Europe Insurance Market Overview
16.2. Eastern Europe, Insurance Market, 2020, By Country, Value ($ Billion)
16.3. Eastern Europe, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
16.4. Eastern Europe, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
16.5. Eastern Europe, Insurance Market Metrics
16.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Eastern Europe Countries
16.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Eastern Europe Countries
16.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Eastern Europe Countries
16.6. Eastern Europe Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. Eastern Europe Insurance Market: Country Analysis
16.7.1. Czech Republic Insurance Market,
16.7.1.1. Czech Republic Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Poland Insurance Market
16.7.2.1. Poland Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. Romania Insurance Market
16.7.3.1. Romania Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.4. Russia Insurance Market
16.7.4.1. Russia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.4.2. Russia Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17. North America Insurance Market
17.1. North America Insurance Market Overview
17.2. North America, Insurance Market, 2020, By Country, Value ($ Billion)
17.3. North America, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
17.4. North America, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
17.5. North America, Insurance Market Metrics
17.5.1. Per Capita Average Insurance Expenditure, 2015-2025, North America Countries
17.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, North America Countries
17.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, North America Countries
17.6. North America Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. North America Insurance Market: Country Analysis
17.7.1. Canada Insurance Market
17.7.1.1. Canada Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Mexico Insurance Market
17.7.2.1. Mexico Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. USA Insurance Market
17.7.3.1. USA Insurance Market Overview
17.7.3.2. USA Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3.3. USA Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18. South America Insurance Market
18.1. South America Insurance Market Overview
18.2. South America, Insurance Market, 2020, By Country, Value ($ Billion)
18.3. South America, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
18.4. South America, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
18.5. South America, Insurance Market Metrics
18.5.1. Per Capita Average Insurance Expenditure, 2015-2025, South America Countries
18.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, South America Countries
18.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, South America Countries
18.6. South America Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. South America Insurance Market: Country Analysis
18.7.1. Argentina Insurance Market
18.7.1.1. Argentina Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Brazil Insurance Market
18.7.1.1. Brazil Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2.2. Brazil Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Chile Insurance Market
18.7.3.1. Chile Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. Colombia Insurance Market
18.7.4.1. Colombia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.5. Peru Insurance Market
18.7.5.1. Peru Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.6. Venezuela Insurance Market
18.7.6.1. Venezuela Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19. Middle East Insurance Market
19.1. Middle East Insurance Market Overview
19.2. Middle East, Insurance Market, 2020, By Country, Value ($ Billion)
19.3. Middle East, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
19.4. Middle East, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
19.5. Middle East, Insurance Market Metrics
19.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Middle East Countries
19.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Middle East Countries
19.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Middle East Countries
19.6. Middle East Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Middle East Insurance Market: Country Analysis
19.7.1. Saudi Arabia Insurance Market
19.7.1.1. Saudi Arabia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Israel Insurance Market
19.7.2.1. Israel Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. Turkey Insurance Market
19.7.3.1. Turkey Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.4. UAE Insurance Market
19.7.4.1. UAE Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20. Africa Insurance Market
20.1. Africa Insurance Market Overview
20.2. Africa, Insurance Market, 2020, By Country, Value ($ Billion)
20.3. Africa, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
20.4. Africa, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
20.5. Africa, Insurance Market Metrics
20.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Africa Countries
20.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Africa Countries
20.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Africa Countries
20.6. Africa Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7. Africa Insurance Market: Country Analysis
20.7.1. Egypt Insurance Market
20.7.1.1. Egypt Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.2. Nigeria Insurance Market
20.7.2.1. Nigeria Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.3. South Africa Insurance Market
20.7.3.1. South Africa Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
21. Insurance Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
21.3.1. Unitedhealth Group
21.3.1.1. Company Overview
21.3.1.2. Products And Services
21.3.1.3. Strategy
21.3.1.4. Financial Performance
21.3.2. AXA
21.3.2.1. Company Overview
21.3.2.2. Products And Services
21.3.2.3. Strategy
21.3.2.4. Financial Performance
21.3.3. Allianz
21.3.3.1. Company Overview
21.3.3.2. Products And Services
21.3.3.3. Strategy
21.3.3.4. Financial Performance
21.3.4. Generali
21.3.4.1. Company Overview
21.3.4.2. Products And Services
21.3.4.3. Strategy
21.3.4.4. Financial Performance
21.3.5. Ping An
21.3.5.1. Company Overview
21.3.5.2. Products And Services
21.3.5.3. Strategy
21.3.5.4. Financial Performance
22. Key Mergers And Acquisitions In The Insurance Market
23. Market Background: Insurance(Providers, Brokers and Re-Insurers) Market
23.1. Insurance(Providers, Brokers and Re-Insurers) Market Characteristics
23.2. Insurance(Providers, Brokers and Re-Insurers) Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, By Segment, Value ($ Billion), Global
23.3. Global Insurance(Providers, Brokers and Re-Insurers) Market, 2020, By Region, Value ($ Billion)
23.4. Global Insurance(Providers, Brokers and Re-Insurers) Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
23.5. Global Insurance(Providers, Brokers and Re-Insurers) Market, 2015-2020, 2020-2025F, 2030F, Segmentation By Type, Value ($ Billion)
24. Recommendations
24.1. Global Insurance Market In 2025- Growth Countries
24.2. Global Insurance Market In 2025- Growth Segments
24.3. Global Insurance Market In 2025- Growth Strategies
25. Appendix
25.1. NAICS Definitions Of Industry Covered In This Report
25.2. Abbreviations
25.3. Currencies
25.4. Research Inquiries
25.5. The Publisher
26. Copyright And Disclaimer
2. Report Structure
3. Insurance Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Insurance Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Insurance Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Insurance Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Insurance Market Trends And Strategies
8. Impact Of COVID-19 On Insurance
9. Insurance Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Insurance Market Regional Analysis
10.1. Global Insurance Market, 2020, By Region, Value ($ Billion)
10.2. Global Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Insurance Market, Growth And Market Share Comparison, By Region
11. Insurance Market Segmentation
11.1. Global Insurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Life Insurance
- Property & Casualty Insurance
- Health & Medical Insurance
- Corporate
- Individual
- Online
- Offline
12.1. Global Life Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Term Life Insurance; Whole Life Insurance; Variable Life Insurance; Equity Indexed Life Insurance; Accidental Death Insurance; Other Life Insurance
12.2. Global Property & Casualty Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Automobile Insurance Carriers; Malpractice/Indemnity Insurance Carriers; Fidelity Insurance Carriers; Mortgage Guaranty Insurance Carriers; Homeowners Insurance Carriers; Surety Insurance Carriers; Liability Insurance Carriers
12.3. Global Health & Medical Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Hospitalization Insurance; Hospital Daily Cash Benefit Insurance; Critical Illness Insurance; Domiciliary Insurance; Other Health & Medical Insurance
13. Insurance Market Metrics
13.1. Insurance Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Insurance Market Expenditure, 2015-2025, Global
14. Asia-Pacific Insurance Market
14.1. Asia-Pacific Insurance Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
14.3. Asia-Pacific, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
14.4. Asia-Pacific, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
14.5. Asia-Pacific, Insurance Market Metrics
14.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Asia-Pacific Countries
14.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Asia-Pacific Countries
14.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Asia-Pacific Countries
14.6. Asia-Pacific Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Asia-Pacific Insurance Market: Country Analysis
14.7.1. China Insurance Market
14.7.1.1. China Insurance Market Overview
14.7.1.2. China Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.1.3. China Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Australia Insurance Market
14.7.2.1. Australia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2.2. Australia Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Hong Kong Insurance Market
14.7.3.1. Hong Kong Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. India Insurance Market
14.7.4.1. India Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4.2. India Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. Indonesia Insurance Market
14.7.5.1. Indonesia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5.2. Indonesia Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Japan Insurance Market
14.7.6.1. Japan Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6.2. Japan Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Malaysia Insurance Market
14.7.7.1. Malaysia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. New Zealand Insurance Market
14.7.8.1. New Zealand Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Philippines Insurance Market
14.7.9.1. Philippines Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Singapore Insurance Market
14.7.10.1. Singapore Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. South Korea Insurance Market
14.7.11.1. South Korea Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11.2. South Korea Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Thailand Insurance Market
14.7.12.1. Thailand Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Vietnam Insurance Market
14.7.13.1. Vietnam Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15. Western Europe Insurance Market
15.1. Western Europe Insurance Market Overview
15.2. Western Europe, Insurance Market, 2020, By Country, Value ($ Billion)
15.3. Western Europe, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
15.4. Western Europe, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
15.5. Western Europe, Insurance Market Metrics
15.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Western Europe Countries
15.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Western Europe Countries
15.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Western Europe Countries
15.6. Western Europe Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Western Europe Insurance Market: Country Analysis
15.7.1. Austria Insurance Market
15.7.1.1. Austria Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Belgium Insurance Market
15.7.2.1. Belgium Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Denmark Insurance Market
15.7.3.1. Denmark Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Finland Insurance Market
15.7.4.1. Finland Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.5. France Insurance Market
15.7.5.1. France Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.5.2. France Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.6. Germany Insurance Market
15.7.6.1. Germany Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.6.2. Germany Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.7. Ireland Insurance Market
15.7.7.1. Ireland Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.8. Italy Insurance Market
15.7.8.1. Italy Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.9. Netherlands Insurance Market
15.7.9.1. Netherlands Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.10. Norway Insurance Market
15.7.10.1. Norway Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.11. Portugal Insurance Market
15.7.11.1. Portugal Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.12. Spain Insurance Market
15.7.12.1. Spain Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.13. Sweden Insurance Market
15.7.13.1. Sweden Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15. Switzerland Insurance Market
15.7.15.1. Switzerland Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15. UK Insurance Market
15.7.15.1. UK Insurance Market2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15.2. UK Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16. Eastern Europe Insurance Market
16.1. Eastern Europe Insurance Market Overview
16.2. Eastern Europe, Insurance Market, 2020, By Country, Value ($ Billion)
16.3. Eastern Europe, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
16.4. Eastern Europe, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
16.5. Eastern Europe, Insurance Market Metrics
16.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Eastern Europe Countries
16.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Eastern Europe Countries
16.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Eastern Europe Countries
16.6. Eastern Europe Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. Eastern Europe Insurance Market: Country Analysis
16.7.1. Czech Republic Insurance Market,
16.7.1.1. Czech Republic Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Poland Insurance Market
16.7.2.1. Poland Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. Romania Insurance Market
16.7.3.1. Romania Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.4. Russia Insurance Market
16.7.4.1. Russia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.4.2. Russia Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17. North America Insurance Market
17.1. North America Insurance Market Overview
17.2. North America, Insurance Market, 2020, By Country, Value ($ Billion)
17.3. North America, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
17.4. North America, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
17.5. North America, Insurance Market Metrics
17.5.1. Per Capita Average Insurance Expenditure, 2015-2025, North America Countries
17.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, North America Countries
17.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, North America Countries
17.6. North America Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. North America Insurance Market: Country Analysis
17.7.1. Canada Insurance Market
17.7.1.1. Canada Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Mexico Insurance Market
17.7.2.1. Mexico Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. USA Insurance Market
17.7.3.1. USA Insurance Market Overview
17.7.3.2. USA Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3.3. USA Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18. South America Insurance Market
18.1. South America Insurance Market Overview
18.2. South America, Insurance Market, 2020, By Country, Value ($ Billion)
18.3. South America, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
18.4. South America, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
18.5. South America, Insurance Market Metrics
18.5.1. Per Capita Average Insurance Expenditure, 2015-2025, South America Countries
18.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, South America Countries
18.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, South America Countries
18.6. South America Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. South America Insurance Market: Country Analysis
18.7.1. Argentina Insurance Market
18.7.1.1. Argentina Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Brazil Insurance Market
18.7.1.1. Brazil Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2.2. Brazil Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Chile Insurance Market
18.7.3.1. Chile Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. Colombia Insurance Market
18.7.4.1. Colombia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.5. Peru Insurance Market
18.7.5.1. Peru Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.6. Venezuela Insurance Market
18.7.6.1. Venezuela Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19. Middle East Insurance Market
19.1. Middle East Insurance Market Overview
19.2. Middle East, Insurance Market, 2020, By Country, Value ($ Billion)
19.3. Middle East, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
19.4. Middle East, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
19.5. Middle East, Insurance Market Metrics
19.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Middle East Countries
19.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Middle East Countries
19.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Middle East Countries
19.6. Middle East Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Middle East Insurance Market: Country Analysis
19.7.1. Saudi Arabia Insurance Market
19.7.1.1. Saudi Arabia Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Israel Insurance Market
19.7.2.1. Israel Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. Turkey Insurance Market
19.7.3.1. Turkey Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.4. UAE Insurance Market
19.7.4.1. UAE Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20. Africa Insurance Market
20.1. Africa Insurance Market Overview
20.2. Africa, Insurance Market, 2020, By Country, Value ($ Billion)
20.3. Africa, Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
20.4. Africa, Insurance Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
20.5. Africa, Insurance Market Metrics
20.5.1. Per Capita Average Insurance Expenditure, 2015-2025, Africa Countries
20.5.2. Number of Enterprises, Insurance Market, Insurance Market/Number of Enterprises, 2020, Africa Countries
20.5.3. Number of Employees, Insurance Market, Insurance Market/Number of Employees, 2020, Africa Countries
20.6. Africa Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7. Africa Insurance Market: Country Analysis
20.7.1. Egypt Insurance Market
20.7.1.1. Egypt Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.2. Nigeria Insurance Market
20.7.2.1. Nigeria Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.3. South Africa Insurance Market
20.7.3.1. South Africa Insurance Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
21. Insurance Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
21.3.1. Unitedhealth Group
21.3.1.1. Company Overview
21.3.1.2. Products And Services
21.3.1.3. Strategy
21.3.1.4. Financial Performance
21.3.2. AXA
21.3.2.1. Company Overview
21.3.2.2. Products And Services
21.3.2.3. Strategy
21.3.2.4. Financial Performance
21.3.3. Allianz
21.3.3.1. Company Overview
21.3.3.2. Products And Services
21.3.3.3. Strategy
21.3.3.4. Financial Performance
21.3.4. Generali
21.3.4.1. Company Overview
21.3.4.2. Products And Services
21.3.4.3. Strategy
21.3.4.4. Financial Performance
21.3.5. Ping An
21.3.5.1. Company Overview
21.3.5.2. Products And Services
21.3.5.3. Strategy
21.3.5.4. Financial Performance
22. Key Mergers And Acquisitions In The Insurance Market
23. Market Background: Insurance(Providers, Brokers and Re-Insurers) Market
23.1. Insurance(Providers, Brokers and Re-Insurers) Market Characteristics
23.2. Insurance(Providers, Brokers and Re-Insurers) Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, By Segment, Value ($ Billion), Global
23.3. Global Insurance(Providers, Brokers and Re-Insurers) Market, 2020, By Region, Value ($ Billion)
23.4. Global Insurance(Providers, Brokers and Re-Insurers) Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
23.5. Global Insurance(Providers, Brokers and Re-Insurers) Market, 2015-2020, 2020-2025F, 2030F, Segmentation By Type, Value ($ Billion)
24. Recommendations
24.1. Global Insurance Market In 2025- Growth Countries
24.2. Global Insurance Market In 2025- Growth Segments
24.3. Global Insurance Market In 2025- Growth Strategies
25. Appendix
25.1. NAICS Definitions Of Industry Covered In This Report
25.2. Abbreviations
25.3. Currencies
25.4. Research Inquiries
25.5. The Publisher
26. Copyright And Disclaimer
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Allianz
- AXA
- Generali
- Ping An
- Unitedhealth Group
Major companies in the insurance market include Unitedhealth Group; AXA; Allianz; Generali and Ping An.
The global insurance market is expected to grow from $4474.49 billion in 2020 to $5050.31 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6390.73 billion in 2025 at a CAGR of 6%.
The insurance market consists of sales of insurance products by entities (organizations, sole traders and partnerships) that undertake underwriting (assuming the risk and assigning premiums) on annuities and insurance policies. Insurance providers invest premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance providers are entities that are engaged in primary underwriting and assuming the risk of annuities and insurance policies. Reinsurance providers are businesses that assume all or part of the risk associated with an existing insurance policy or set of policies, originally underwritten by another insurance carrier (direct insurance carrier). The insurance providers market is segmented into life insurance; property & casualty insurance; and health & medical insurance.
North America was the largest region in the global insurance market, accounting for 34% of the market in 2020. Asia Pacific was the second largest region accounting for 31% of the global insurance market. Eastern Europe was the smallest region in the global insurance market.
Peer-to-peer insurance is gradually gaining prominence both in emerging and developed markets driven by reduced cost of premium in emerging countries resulting from improved internet penetration in those regions. Peer-to-peer insurance is based on pooling insurance premiums of participating individuals that can be used to compensate future uncertain losses and share the left-over amount among participants. It aims to reduce premium and overhead costs than traditional Insurance Providers, decrease inefficiencies and increase transparency of businesses.
The rapid growth in internet penetration and increased risks associated with internet use for critical transactions is driving the demand for cyber insurance. Cyber insurance covers internet-based risks and risks related to information technology infrastructure. It also covers property theft, business interruption, software and data loss, cyber extortion, network failure liability, cyber-crime and physical asset damage. For example, according to a report by McAfee and Center for Strategic and International Studies in 2018, cybercrimes costed businesses $600 billion globally. To capitalize on the concerns associated with cybercrimes, insurers are offering cyber insurance to customers to businesses with high exposure to cyberattacks.
The global insurance market is expected to grow from $4474.49 billion in 2020 to $5050.31 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6390.73 billion in 2025 at a CAGR of 6%.
The insurance market consists of sales of insurance products by entities (organizations, sole traders and partnerships) that undertake underwriting (assuming the risk and assigning premiums) on annuities and insurance policies. Insurance providers invest premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance providers are entities that are engaged in primary underwriting and assuming the risk of annuities and insurance policies. Reinsurance providers are businesses that assume all or part of the risk associated with an existing insurance policy or set of policies, originally underwritten by another insurance carrier (direct insurance carrier). The insurance providers market is segmented into life insurance; property & casualty insurance; and health & medical insurance.
North America was the largest region in the global insurance market, accounting for 34% of the market in 2020. Asia Pacific was the second largest region accounting for 31% of the global insurance market. Eastern Europe was the smallest region in the global insurance market.
Peer-to-peer insurance is gradually gaining prominence both in emerging and developed markets driven by reduced cost of premium in emerging countries resulting from improved internet penetration in those regions. Peer-to-peer insurance is based on pooling insurance premiums of participating individuals that can be used to compensate future uncertain losses and share the left-over amount among participants. It aims to reduce premium and overhead costs than traditional Insurance Providers, decrease inefficiencies and increase transparency of businesses.
The rapid growth in internet penetration and increased risks associated with internet use for critical transactions is driving the demand for cyber insurance. Cyber insurance covers internet-based risks and risks related to information technology infrastructure. It also covers property theft, business interruption, software and data loss, cyber extortion, network failure liability, cyber-crime and physical asset damage. For example, according to a report by McAfee and Center for Strategic and International Studies in 2018, cybercrimes costed businesses $600 billion globally. To capitalize on the concerns associated with cybercrimes, insurers are offering cyber insurance to customers to businesses with high exposure to cyberattacks.
Note: Product cover images may vary from those shown
- Unitedhealth Group
- AXA
- Allianz
- Generali
- Ping An
Note: Product cover images may vary from those shown
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