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Global Final Expense Insurance Market by Policy Type (Guaranteed Issue, Pre-need Insurance, Simplified Issue), Providers (Agency, Bancassurance, Brokers) - Forecast 2024-2030

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    Report

  • 196 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5454985
UP TO OFF until Dec 31st 2024
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The Final Expense Insurance Market size was estimated at USD 148.59 billion in 2023, USD 159.03 billion in 2024, and is expected to grow at a CAGR of 7.12% to reach USD 240.50 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Final Expense Insurance Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Final Expense Insurance Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Final Expense Insurance Market, highlighting leading vendors and their innovative profiles. These include Allianz SE, Anthem Insurance Group, Inc., Arch Capital Group Ltd., Ashley & Associates Insurance Agency, Axa SA, China Life Insurance Company Limited, Fidelity Life Association, Globe Life Inc., Manulife Financial Corporation, MetLife, Inc., Münchener Rückversicherungs-Gesellschaft, Policygenius Inc., Prudential PLC, Reliance Nippon Life Insurance Company Limited, and Zurich Insurance Group Ltd.

Market Segmentation & Coverage

This research report categorizes the Final Expense Insurance Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Policy Type
    • Guaranteed Issue
    • Pre-need Insurance
    • Simplified Issue
  • Providers
    • Agency
    • Bancassurance
    • Brokers
    • Digital & Direct Channels
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Final Expense Insurance Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Final Expense Insurance Market?
  3. What are the technology trends and regulatory frameworks in the Final Expense Insurance Market?
  4. What is the market share of the leading vendors in the Final Expense Insurance Market?
  5. Which modes and strategic moves are suitable for entering the Final Expense Insurance Market?

Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report

Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.

With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.

This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Final Expense Insurance Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rise in funeral costs
5.1.1.2. Surge in demand from direct cremation against traditional funeral services
5.1.1.3. Importance of funeral insurance benefits within the COVID-19 crisis
5.1.2. Restraints
5.1.2.1. Limited awareness toward funeral insurance
5.1.3. Opportunities
5.1.3.1. Rising geriatric population all across the globe
5.1.3.2. Growing funeral insurance uptake for emerging customers
5.1.4. Challenges
5.1.4.1. Evolution in policy regulations
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Final Expense Insurance Market, by Policy Type
6.1. Introduction
6.2. Guaranteed Issue
6.3. Pre-need Insurance
6.4. Simplified Issue
7. Final Expense Insurance Market, by Providers
7.1. Introduction
7.2. Agency
7.3. Bancassurance
7.4. Brokers
7.5. Digital & Direct Channels
8. Americas Final Expense Insurance Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Final Expense Insurance Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Final Expense Insurance Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. Allianz SE
12.1.2. Anthem Insurance Group, Inc.
12.1.3. Arch Capital Group Ltd.
12.1.4. Ashley & Associates Insurance Agency
12.1.5. Axa SA
12.1.6. China Life Insurance Company Limited
12.1.7. Fidelity Life Association
12.1.8. Globe Life Inc.
12.1.9. Manulife Financial Corporation
12.1.10. MetLife, Inc.
12.1.11. Münchener Rückversicherungs-Gesellschaft
12.1.12. Policygenius Inc.
12.1.13. Prudential PLC
12.1.14. Reliance Nippon Life Insurance Company Limited
12.1.15. Zurich Insurance Group Ltd.
12.2. Key Product Portfolio
13. Appendix
13.1. Discussion Guide
13.2. License & Pricing
List of Figures
FIGURE 1. FINAL EXPENSE INSURANCE MARKET RESEARCH PROCESS
FIGURE 2. FINAL EXPENSE INSURANCE MARKET SIZE, 2023 VS 2030
FIGURE 3. FINAL EXPENSE INSURANCE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. FINAL EXPENSE INSURANCE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. FINAL EXPENSE INSURANCE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. FINAL EXPENSE INSURANCE MARKET DYNAMICS
FIGURE 7. FINAL EXPENSE INSURANCE MARKET SIZE, BY POLICY TYPE, 2023 VS 2030 (%)
FIGURE 8. FINAL EXPENSE INSURANCE MARKET SIZE, BY POLICY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. FINAL EXPENSE INSURANCE MARKET SIZE, BY PROVIDERS, 2023 VS 2030 (%)
FIGURE 10. FINAL EXPENSE INSURANCE MARKET SIZE, BY PROVIDERS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. AMERICAS FINAL EXPENSE INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 12. AMERICAS FINAL EXPENSE INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. UNITED STATES FINAL EXPENSE INSURANCE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 14. UNITED STATES FINAL EXPENSE INSURANCE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. ASIA-PACIFIC FINAL EXPENSE INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. ASIA-PACIFIC FINAL EXPENSE INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. EUROPE, MIDDLE EAST & AFRICA FINAL EXPENSE INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. EUROPE, MIDDLE EAST & AFRICA FINAL EXPENSE INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. FINAL EXPENSE INSURANCE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 20. FINAL EXPENSE INSURANCE MARKET SHARE, BY KEY PLAYER, 2023

Companies Mentioned

  • Allianz SE
  • Anthem Insurance Group, Inc.
  • Arch Capital Group Ltd.
  • Ashley & Associates Insurance Agency
  • Axa SA
  • China Life Insurance Company Limited
  • Fidelity Life Association
  • Globe Life Inc.
  • Manulife Financial Corporation
  • MetLife, Inc.
  • Münchener Rückversicherungs-Gesellschaft
  • Policygenius Inc.
  • Prudential PLC
  • Reliance Nippon Life Insurance Company Limited
  • Zurich Insurance Group Ltd.

Methodology

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Table Information