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Life Insurance Global Industry Almanac 2016-2025

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    Report

  • 700 Pages
  • February 2021
  • Region: Global
  • MarketLine
  • ID: 5312136
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FEATURED COMPANIES

  • AEGON NV
  • Aviva Plc
  • CNP Assurances SA
  • Itau Unibanco Holding SA
  • Nordea Liv
  • Santam Ltd
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Speak directly to the analyst to clarify any post sales queries you may have.

Life Insurance Global Industry Almanac 2016-2025

Summary

Global Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, 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 total impact of the COVID19 pandemic on the Life Insurance industry is currently uncertain, but early indications show that gross premium income will be adversely affected in 2020. There is no way of knowing the length of the pandemic, though announcements of vaccines bring hope that there is an end in sight, and as a result, the likes of the Life Insurance industry will return to positive growth from 2021 onwards.
  • 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, major segments, and leading players in the global life insurance market.
  • 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?
  • Who are the top competitors in the global life insurance market?

FEATURED COMPANIES

  • AEGON NV
  • Aviva Plc
  • CNP Assurances SA
  • Itau Unibanco Holding SA
  • Nordea Liv
  • Santam Ltd

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. Competitive Landscape
2. Introduction
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3. Global Life Insurance
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4. Macroeconomic Indicators
4.1. Country data
5. Life Insurance in Asia-Pacific
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6. Life Insurance in Europe
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7. Macroeconomic Indicators
7.1. Country data
8. Life Insurance in France
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9. Macroeconomic Indicators
9.1. Country data
10. Life Insurance in Germany
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11. Macroeconomic Indicators
11.1. Country data
12. Life Insurance in Australia
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13. Macroeconomic Indicators
13.1. Country data
14. Life Insurance in Brazil
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15. Macroeconomic Indicators
15.1. Country data
16. Life Insurance in Canada
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17. Macroeconomic Indicators
17.1. Country data
18. Life Insurance in China
18.1. Market Overview
18.2. Market Data
18.3. Market Segmentation
18.4. Market outlook
18.5. Five forces analysis
19. Macroeconomic Indicators
19.1. Country data
20. Life Insurance in India
20.1. Market Overview
20.2. Market Data
20.3. Market Segmentation
20.4. Market outlook
20.5. Five forces analysis
21. Macroeconomic Indicators
21.1. Country data
22. Life Insurance in Indonesia
22.1. Market Overview
22.2. Market Data
22.3. Market Segmentation
22.4. Market outlook
22.5. Five forces analysis
23. Macroeconomic Indicators
23.1. Country data
24. Life Insurance in Italy
24.1. Market Overview
24.2. Market Data
24.3. Market Segmentation
24.4. Market outlook
24.5. Five forces analysis
25. Macroeconomic Indicators
25.1. Country data
26. Life Insurance in Japan
26.1. Market Overview
26.2. Market Data
26.3. Market Segmentation
26.4. Market outlook
26.5. Five forces analysis
27. Macroeconomic Indicators
27.1. Country data
28. Life Insurance in Mexico
28.1. Market Overview
28.2. Market Data
28.3. Market Segmentation
28.4. Market outlook
28.5. Five forces analysis
29. Macroeconomic Indicators
29.1. Country data
30. Life Insurance in The Netherlands
30.1. Market Overview
30.2. Market Data
30.3. Market Segmentation
30.4. Market outlook
30.5. Five forces analysis
31. Macroeconomic Indicators
31.1. Country data
32. Life Insurance in North America
32.1. Market Overview
32.2. Market Data
32.3. Market Segmentation
32.4. Market outlook
32.5. Five forces analysis
33. Life Insurance in Russia
33.1. Market Overview
33.2. Market Data
33.3. Market Segmentation
33.4. Market outlook
33.5. Five forces analysis
34. Macroeconomic Indicators
34.1. Country data
35. Life Insurance in Scandinavia
35.1. Market Overview
35.2. Market Data
35.3. Market Segmentation
35.4. Market outlook
35.5. Five forces analysis
36. Life Insurance in Singapore
36.1. Market Overview
36.2. Market Data
36.3. Market Segmentation
36.4. Market outlook
36.5. Five forces analysis
37. Macroeconomic Indicators
37.1. Country data
38. Life Insurance in South Africa
38.1. Market Overview
38.2. Market Data
38.3. Market Segmentation
38.4. Market outlook
38.5. Five forces analysis
39. Macroeconomic Indicators
39.1. Country data
40. Life Insurance in South Korea
40.1. Market Overview
40.2. Market Data
40.3. Market Segmentation
40.4. Market outlook
40.5. Five forces analysis
41. Macroeconomic Indicators
41.1. Country data
42. Life Insurance in Spain
42.1. Market Overview
42.2. Market Data
42.3. Market Segmentation
42.4. Market outlook
42.5. Five forces analysis
43. Macroeconomic Indicators
43.1. Country data
44. Life Insurance in Turkey
44.1. Market Overview
44.2. Market Data
44.3. Market Segmentation
44.4. Market outlook
44.5. Five forces analysis
45. Macroeconomic Indicators
45.1. Country data
46. Life Insurance in The United Kingdom
46.1. Market Overview
46.2. Market Data
46.3. Market Segmentation
46.4. Market outlook
46.5. Five forces analysis
47. Macroeconomic Indicators
47.1. Country data
48. Life Insurance in The United States
48.1. Market Overview
48.2. Market Data
48.3. Market Segmentation
48.4. Market outlook
48.5. Five forces analysis
49. Macroeconomic Indicators
49.1. Country data
50. Company Profiles
50.1. Ping An Insurance (Group) Company of China, Ltd.
50.2. CNP Assurances SA
50.3. BNP Paribas Cardif
50.4. Credit Agricole SA
50.5. R+V Versicherung AG
50.6. AIA Australia Ltd
50.7. Dai-ichi Life Insurance Company of Vietnam Ltd
50.8. Itau Unibanco Holding SA
50.9. Banco Bradesco SA
50.10. W. R. Berkley Corp
50.11. Globe Life Inc
50.12. Chubb Ltd
50.13. Ping An Insurance (Group) Company of China, Ltd.
50.14. China Life Insurance Co Ltd
50.15. Huaxia Life Insurance Co Ltd
50.16. China Pacific Insurance (Group) Co Ltd
50.17. ICICI Lombard General Insurance Co Ltd
50.18. HDFC Life Insurance Company Limited
50.19. SBI Life Insurance Co Ltd
50.20. Max Life insurance Co Ltd
50.21. PT Prudential Life Assurance
50.22. Intesa Sanpaolo SpA
50.23. Assicurazioni Generali SpA
50.24. Nippon Life Insurance Company
50.25. Japan Post Insurance Co., Ltd.
50.26. Meiji Yasuda Life Insurance Co
50.27. Dai-ichi Life Holdings, Inc.
50.28. Grupo Nacional Provincial SAB
50.29. AXA SA
50.30. Grupo Financiero Banorte SAB de CV
50.31. AEGON NV
50.32. Nationale-Nederlanden Levensverzekering Maatschappij N.V.
50.33. ASR Nederland NV
50.34. Sberbank Rossii
50.35. Alfa Group Consortium (Wealth Management)
50.36. Ingosstrakh Joint-Stock Insurance Co Ltd
50.37. SOGAZ Insurance Group
50.38. Nordea Liv
50.39. Alecta Pensionsforsakring Omsesidigt
50.40. OP Financial Group
50.41. Kommunal Landspensjonskasse
50.42. Prudential Plc
50.43. Manulife (Singapore) Pte Ltd
50.44. AIA Group Limited
50.45. The Great Eastern Life Assurance Company Ltd
50.46. Guardrisk Insurance Company Ltd
50.47. Old Mutual Investment Group (Pty) Ltd
50.48. Santam Ltd
50.49. Hollard Insurance Group
50.50. Hanwha Investment & Securities Co Ltd
50.51. Kyobo Life Insurance Co Ltd
50.52. Samsung Life Insurance Co Ltd
50.53. Mirae Asset Life Insurance Co Ltd
50.54. Santander Seguros SA
50.55. VidaCaixa, S.A.U. de Seguros y Reaseguros
50.56. Mapfre SA
50.57. Allianz SE
50.58. Anadolu Hayat Emeklilik A.S.
50.59. TC Ziraat Bankasi AS
50.60. Aviva Plc
50.61. Lloyds Banking Group Plc
50.62. American International Group Inc
50.63. Zurich Insurance Group Ltd
50.64. New York Life Insurance Co
50.65. MetLife Inc
50.66. Prudential Financial Inc
50.67. The Northwestern Mutual Life Insurance Co
51. Appendix
51.1. Methodology
51.2. About the Author
List of Tables
Table 1: Global life insurance market value: $ billion, 2016-20
Table 2: Global life insurance market category segmentation: $ billion, 2020
Table 3: Global life insurance market geography segmentation: $ billion, 2020
Table 4: Global life insurance market share: % share, by value, 2020
Table 5: Global life insurance market value forecast: $ billion, 2020-25
Table 6: Global size of population (million), 2016-20
Table 7: Global gdp (constant 2005 prices, $ billion), 2016-20
Table 8: Global gdp (current prices, $ billion), 2016-20
Table 9: Global inflation, 2016-20
Table 10: Global consumer price index (absolute), 2016-20
Table 11: Global exchange rate, 2016-20
Table 12: Asia-Pacific life insurance market value: $ billion, 2016-20
Table 13: Asia-Pacific life insurance market category segmentation: $ billion, 2020
Table 14: Asia-Pacific life insurance market geography segmentation: $ billion, 2020
Table 15: Asia-Pacific life insurance market share: % share, by value, 2020
Table 16: Asia-Pacific life insurance market value forecast: $ billion, 2020-25
Table 17: Europe life insurance market value: $ billion, 2016-20
Table 18: Europe life insurance market category segmentation: $ billion, 2020
Table 19: Europe life insurance market geography segmentation: $ billion, 2020
Table 20: Europe life insurance market share: % share, by value, 2020
Table 21: Europe life insurance market value forecast: $ billion, 2020-25
Table 22: Europe size of population (million), 2016-20
Table 23: Europe gdp (constant 2005 prices, $ billion), 2016-20
Table 24: Europe gdp (current prices, $ billion), 2016-20
Table 25: Europe inflation, 2016-20
Table 26: Europe consumer price index (absolute), 2016-20
Table 27: Europe exchange rate, 2016-20
Table 28: France life insurance market value: $ billion, 2016-20
Table 29: France life insurance market category segmentation: $ billion, 2020
Table 30: France life insurance market geography segmentation: $ billion, 2020
Table 31: France life insurance market share: % share, by value, 2020
Table 32: France life insurance market value forecast: $ billion, 2020-25
Table 33: France size of population (million), 2016-20
Table 34: France gdp (constant 2005 prices, $ billion), 2016-20
Table 35: France gdp (current prices, $ billion), 2016-20
Table 36: France inflation, 2016-20
Table 37: France consumer price index (absolute), 2016-20
Table 38: France exchange rate, 2016-20
Table 39: Germany life insurance market value: $ billion, 2016-20
Table 40: Germany life insurance market category segmentation: $ billion, 2020
Table 41: Germany life insurance market geography segmentation: $ billion, 2020
Table 42: Germany life insurance market share: % share, by value, 2020
Table 43: Germany life insurance market value forecast: $ billion, 2020-25
Table 44: Germany size of population (million), 2016-20
Table 45: Germany gdp (constant 2005 prices, $ billion), 2016-20
Table 46: Germany gdp (current prices, $ billion), 2016-20
Table 47: Germany inflation, 2016-20
Table 48: Germany consumer price index (absolute), 2016-20
Table 49: Germany exchange rate, 2016-20
Table 50: Australia life insurance market value: $ billion, 2016-20
Table 51: Australia life insurance market category segmentation: $ billion, 2020
Table 52: Australia life insurance market geography segmentation: $ billion, 2020
Table 53: Australia life insurance market share: % share, by value, 2020
Table 54: Australia life insurance market value forecast: $ billion, 2020-25
Table 55: Australia size of population (million), 2016-20
Table 56: Australia gdp (constant 2005 prices, $ billion), 2016-20
Table 57: Australia gdp (current prices, $ billion), 2016-20
Table 58: Australia inflation, 2016-20
Table 59: Australia consumer price index (absolute), 2016-20
Table 60: Australia exchange rate, 2016-20
List of Figures
Figure 1: Global life insurance market value: $ billion, 2016-20
Figure 2: Global life insurance market category segmentation: % share, by value, 2020
Figure 3: Global life insurance market geography segmentation: % share, by value, 2020
Figure 4: Global life insurance market share: % share, by value, 2020
Figure 5: Global life insurance market value forecast: $ billion, 2020-25
Figure 6: Forces driving competition in the global life insurance market, 2020
Figure 7: Drivers of buyer power in the global life insurance market, 2020
Figure 8: Drivers of supplier power in the global life insurance market, 2020
Figure 9: Factors influencing the likelihood of new entrants in the global life insurance market, 2020
Figure 10: Factors influencing the threat of substitutes in the global life insurance market, 2020
Figure 11: Drivers of degree of rivalry in the global life insurance market, 2020
Figure 12: Asia-Pacific life insurance market value: $ billion, 2016-20
Figure 13: Asia-Pacific life insurance market category segmentation: % share, by value, 2020
Figure 14: Asia-Pacific life insurance market geography segmentation: % share, by value, 2020
Figure 15: Asia-Pacific life insurance market share: % share, by value, 2020
Figure 16: Asia-Pacific life insurance market value forecast: $ billion, 2020-25
Figure 17: Forces driving competition in the life insurance market in Asia-Pacific, 2020
Figure 18: Drivers of buyer power in the life insurance market in Asia-Pacific, 2020
Figure 19: Drivers of supplier power in the life insurance market in Asia-Pacific, 2020
Figure 20: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2020
Figure 21: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2020
Figure 22: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2020
Figure 23: Europe life insurance market value: $ billion, 2016-20
Figure 24: Europe life insurance market category segmentation: % share, by value, 2020
Figure 25: Europe life insurance market geography segmentation: % share, by value, 2020
Figure 26: Europe life insurance market share: % share, by value, 2020
Figure 27: Europe life insurance market value forecast: $ billion, 2020-25
Figure 28: Forces driving competition in the life insurance market in Europe, 2020
Figure 29: Drivers of buyer power in the life insurance market in Europe, 2020
Figure 30: Drivers of supplier power in the life insurance market in Europe, 2020
Figure 31: Factors influencing the likelihood of new entrants in the life insurance market in Europe, 2020
Figure 32: Factors influencing the threat of substitutes in the life insurance market in Europe, 2020
Figure 33: Drivers of degree of rivalry in the life insurance market in Europe, 2020
Figure 34: France life insurance market value: $ billion, 2016-20
Figure 35: France life insurance market category segmentation: % share, by value, 2020
Figure 36: France life insurance market geography segmentation: % share, by value, 2020
Figure 37: France life insurance market share: % share, by value, 2020
Figure 38: France life insurance market value forecast: $ billion, 2020-25
Figure 39: Forces driving competition in the life insurance market in France, 2020
Figure 40: Drivers of buyer power in the life insurance market in France, 2020
Figure 41: Drivers of supplier power in the life insurance market in France, 2020
Figure 42: Factors influencing the likelihood of new entrants in the life insurance market in France, 2020
Figure 43: Factors influencing the threat of substitutes in the life insurance market in France, 2020
Figure 44: Drivers of degree of rivalry in the life insurance market in France, 2020
Figure 45: Germany life insurance market value: $ billion, 2016-20
Figure 46: Germany life insurance market category segmentation: % share, by value, 2020
Figure 47: Germany life insurance market geography segmentation: % share, by value, 2020
Figure 48: Germany life insurance market share: % share, by value, 2020
Figure 49: Germany life insurance market value forecast: $ billion, 2020-25
Figure 50: Forces driving competition in the life insurance market in Germany, 2020
Figure 51: Drivers of buyer power in the life insurance market in Germany, 2020
Figure 52: Drivers of supplier power in the life insurance market in Germany, 2020
Figure 53: Factors influencing the likelihood of new entrants in the life insurance market in Germany, 2020
Figure 54: Factors influencing the threat of substitutes in the life insurance market in Germany, 2020
Figure 55: Drivers of degree of rivalry in the life insurance market in Germany, 2020
Figure 56: Australia life insurance market value: $ billion, 2016-20
Figure 57: Australia life insurance market category segmentation: % share, by value, 2020
Figure 58: Australia life insurance market geography segmentation: % share, by value, 2020
Figure 59: Australia life insurance market share: % share, by value, 2020
Figure 60: Australia life insurance market value forecast: $ billion, 2020-25
Figure 61: Forces driving competition in the life insurance market in Australia, 2020

A selection of companies mentioned in this report includes:

  • Ping An Insurance (Group) Company of China, Ltd.
  • CNP Assurances SA
  • BNP Paribas Cardif
  • Credit Agricole SA
  • R+V Versicherung AG
  • AIA Australia Ltd
  • Dai-ichi Life Insurance Company of Vietnam Ltd
  • Itau Unibanco Holding SA
  • Banco Bradesco SA
  • W. R. Berkley Corp
  • Globe Life Inc
  • Chubb Ltd
  • Ping An Insurance (Group) Company of China, Ltd.
  • China Life Insurance Co Ltd
  • Huaxia Life Insurance Co Ltd
  • China Pacific Insurance (Group) Co Ltd
  • ICICI Lombard General Insurance Co Ltd
  • HDFC Life Insurance Company Limited
  • SBI Life Insurance Co Ltd
  • Max Life insurance Co Ltd
  • PT Prudential Life Assurance
  • Intesa Sanpaolo SpA
  • Assicurazioni Generali SpA
  • Nippon Life Insurance Company
  • Japan Post Insurance Co., Ltd.
  • Meiji Yasuda Life Insurance Co
  • Dai-ichi Life Holdings, Inc.
  • Grupo Nacional Provincial SAB
  • AXA SA
  • Grupo Financiero Banorte SAB de CV
  • AEGON NV
  • Nationale-Nederlanden Levensverzekering Maatschappij N.V.
  • ASR Nederland NV
  • Sberbank Rossii
  • Alfa Group Consortium (Wealth Management)
  • Ingosstrakh Joint-Stock Insurance Co Ltd
  • SOGAZ Insurance Group
  • Nordea Liv
  • Alecta Pensionsforsakring Omsesidigt
  • OP Financial Group
  • Kommunal Landspensjonskasse
  • Prudential Plc
  • Manulife (Singapore) Pte Ltd
  • AIA Group Limited
  • The Great Eastern Life Assurance Company Ltd
  • Guardrisk Insurance Company Ltd
  • Old Mutual Investment Group (Pty) Ltd
  • Santam Ltd
  • Hollard Insurance Group
  • Hanwha Investment & Securities Co Ltd
  • Kyobo Life Insurance Co Ltd
  • Samsung Life Insurance Co Ltd
  • Mirae Asset Life Insurance Co Ltd
  • Santander Seguros SA
  • VidaCaixa, S.A.U. de Seguros y Reaseguros
  • Mapfre SA
  • Allianz SE
  • Anadolu Hayat Emeklilik A.S.
  • TC Ziraat Bankasi AS
  • Aviva Plc
  • Lloyds Banking Group Plc
  • American International Group Inc
  • Zurich Insurance Group Ltd
  • New York Life Insurance Co
  • MetLife Inc
  • Prudential Financial Inc
  • The Northwestern Mutual Life Insurance Co