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Insurance Market: Global Market Size, Forecast, Insights, and Competitive Landscape

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    Report

  • 128 Pages
  • May 2023
  • Region: Global
  • Prodture
  • ID: 5462682
The global insurance market is expected to grow at a CAGR of around 4.4% during 2023-2030. This report on global insurance market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global insurance market by segmenting the market based on type, service provider, and region. Also, detailed profiles of companies operating in the insurance market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

  • Evolving Government Regulations
  • Rising Consumer Income Levels
  • Entry of New Players

Market Challenges

  • High Premiums
  • Increased Regulations

Historical & Forecast Period

  • Base Year: 2022
  • Historical Period: 2018-2022
  • Forecast Period: 2023-2030

Market by Type

  • Life
  • Non-Life
  • Property
  • Motor
  • Third-Party Liability
  • Others

Market by Service Provider

  • Public
  • Private

Market by Region

  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Rest of Asia Pacific
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America
  • Middle East & Africa
  • Saudi Arabia
  • Turkey
  • Iran
  • United Arab Emirates
  • Rest of Middle East & Africa
Frequently Asked Questions about the Insurance Market

What is the estimated value of the Insurance Market?

The Insurance Market was estimated to be valued at $7.25 Trillion in 2023.

What is the growth rate of the Insurance Market?

The growth rate of the Insurance Market is 4.4%, with an estimated value of $9.77 Trillion by 2030.

What is the forecasted size of the Insurance Market?

The Insurance Market is estimated to be worth $9.77 Trillion by 2030.

Who are the key companies in the Insurance Market?

Key companies in the Insurance Market include Allianz SE (ALIZY), Assicurazioni Generali (ARZGY), Aviva PLC (AVVIY), AXA SA (AXAHY), Berkshire Hathaway (BRK.A), China Life Insurance Co. Ltd. (LFC), Legal & General Group PLC (LGGNY), Ping An Insurance (Group) Co. of China Ltd. (PNGAY), Prudential PLC (PUK) and People’s Insurance Co. (Group) of China Ltd. (PINXY).

Table of Contents

1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions

2. Key Insights

3. Global Insurance Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges

4. Global Insurance Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19

5. Global Insurance Market by Type
5.1. Introduction
5.2. Life
5.3. Non-Life
5.3.1. Property
5.3.2. Motor
5.3.3. Third-Party Liability
5.3.4. Others

6. Global Insurance Market by Service Provider
6.1 Introduction
6.2 Public
6.3 Private

7. Global Insurance Market by Region
7.1 Introduction
7.2 Europe
7.2.1 Germany
7.2.2 United Kingdom
7.2.3 France
7.2.4 Italy
7.2.5 Spain
7.2.6 Russia
7.2.7 Netherlands
7.2.8 Rest of the Europe
7.3 North America
7.3.1 United States
7.3.2 Canada
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 South Korea
7.4.5 Australia
7.4.6 Indonesia
7.4.7 Rest of the Asia Pacific
7.5 Latin America
7.5.1 Mexico
7.5.2 Brazil
7.5.3 Argentina
7.5.4 Rest of Latin America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 Turkey
7.6.2 Iran
7.6.3 United Arab Emirates
7.6.4 Rest of Middle East & Africa

8. SWOT Analysis

9. Porter’s Five Forces

10. Market Value Chain Analysis

11. Competitive Landscape
11.1. Competitive Scenario
11.2. Company Profiles
11.2.1. Allianz SE (ALIZY)
11.2.2. Assicurazioni Generali (ARZGY)
11.2.3. Aviva PLC (AVVIY)
11.2.4. AXA SA (AXAHY)
11.2.5. Berkshire Hathaway (BRK.A)
11.2.6. China Life Insurance Co. Ltd. (LFC)
11.2.7. Legal & General Group PLC (LGGNY)
11.2.8. Ping An Insurance (Group) Co. of China Ltd. (PNGAY)
11.2.9. Prudential PLC (PUK)
11.2.10.The People’s Insurance Co. (Group) of China Ltd. (PINXY)

List of Figures
Figure 1: Global Insurance Market (in US$ Million), 2018-2022
Figure 2: Global Insurance Market by Type, 2022
Figure 3: Global Insurance Market by Service Provider, 2022
Figure 4: Global Insurance Market by Region, 2022
Figure 5: Global Insurance Market (in US$ Million), 2023-2030
Figure 6: Global Insurance Market by Type (in %), 2022 & 2030
Figure 7: Global Life Insurance Market (in US$ Million), 2018-2022
Figure 8: Global Life Insurance Market (in US$ Million), 2023-2030
Figure 9: Global Non-Life Insurance Market (in US$ Million), 2018-2022
Figure 10: Global Non-Life Insurance Market (in US$ Million), 2023-2030
Figure 11: Property Insurance Market (in US$ Million), 2018-2030
Figure 12: Motor Insurance Market (in US$ Million), 2018-2030
Figure 13: Third-Party Liability Insurance Market (in US$ Million), 2018-2030
Figure 14: Other Non-Life Insurance Market (in US$ Million), 2018-2030
Figure 15: Global Insurance Market by Service Provider (in %), 2022 & 2030
Figure 16: Global Public Insurance Market (in US$ Million), 2018-2022
Figure 17: Global Public Insurance Market (in US$ Million), 2023-2030
Figure 18: Global Private Insurance Market (in US$ Million), 2018-2022
Figure 19: Global Private Insurance Market (in US$ Million), 2023-2030
Figure 20: Global Insurance Market by Region (in %), 2022 & 2030
Figure 21: Europe Insurance Market (in US$ Million), 2018-2022
Figure 22: Europe Insurance Market (in US$ Million), 2023-2030
Figure 23: Europe Insurance Market by Country (in %), 2022 & 2030
Figure 24: Germany Insurance Market (in US$ Million), 2018-2030
Figure 25: United Kingdom Insurance Market (in US$ Million), 2018-2030
Figure 26: France Insurance Market (in US$ Million), 2018-2030
Figure 27: Italy Insurance Market (in US$ Million), 2018-2030
Figure 28: Spain Insurance Market (in US$ Million), 2018-2030
Figure 29: Russia Insurance Market (in US$ Million), 2018-2030
Figure 30: Netherlands Insurance Market (in US$ Million), 2018-2030
Figure 31: North America Insurance Market (in US$ Million), 2018-2022
Figure 32: North America Insurance Market (in US$ Million), 2023-2030
Figure 33: North America Insurance Market by Country (in %), 2022 & 2030
Figure 34: United States Insurance Market (in US$ Million), 2018-2030
Figure 35: Canada Insurance Market (in US$ Million), 2018-2030
Figure 36: Asia Pacific Insurance Market (in US$ Million), 2018-2022
Figure 37: Asia Pacific Insurance Market (in US$ Million), 2023-2030
Figure 38: Asia Pacific Insurance Market by Country (in %), 2022 & 2030
Figure 39: China Insurance Market (in US$ Million), 2018-2030
Figure 40: Japan Insurance Market (in US$ Million), 2018-2030
Figure 41: India Insurance Market (in US$ Million), 2018-2030
Figure 42: South Korea Insurance Market (in US$ Million), 2018-2030
Figure 43: Australia Insurance Market (in US$ Million), 2018-2030
Figure 44: Indonesia Insurance Market (in US$ Million), 2018-2030
Figure 45: Latin America Insurance Market (in US$ Million), 2018-2022
Figure 46: Latin America Insurance Market (in US$ Million), 2023-2030
Figure 47: Latin America Insurance Market by Country (in %), 2022 & 2030
Figure 48: Mexico Insurance Market (in US$ Million), 2018-2030
Figure 49: Brazil Insurance Market (in US$ Million), 2018-2030
Figure 50: Argentina Insurance Market (in US$ Million), 2018-2030
Figure 51: Middle East & Africa Insurance Market (in US$ Million), 2018-2022
Figure 52: Middle East & Africa Insurance Market (in US$ Million), 2023-2030
Figure 53: Middle East & Africa Insurance Market by Country (in %), 2022 & 2030
Figure 54: Saudi Arabia Insurance Market (in US$ Million), 2018-2030
Figure 55: Turkey Insurance Market (in US$ Million), 2018-2030
Figure 56: Iran Insurance Market (in US$ Million), 2018-2030
Figure 57: UAE Insurance Market (in US$ Million), 2018-2030
Figure 58: Market Value Chain

List of Tables
Table 1: Global Insurance Market Portraiture
Table 2: Global Insurance Market by Type (in US$ Million), 2022 & 2030
Table 3: Non-Life Insurance Market by Type (in US$ Million), 2022 & 2030
Table 4: Global Insurance Market by Service Provider (in US$ Million), 2022 & 2030
Table 5: Global Insurance Market by Region (in US$ Million), 2022 & 2030
Table 6: Europe Insurance Market by Country (in US$ Million), 2022 & 2030
Table 7: North America Insurance Market by Country (in US$ Million), 2022 & 2030
Table 8: Asia Pacific Insurance Market by Country (in US$ Million), 2022 & 2030
Table 9: Latin America Insurance Market by Country (in US$ Million), 2022 & 2030
Table 10: Middle East & Africa Insurance Market by Country (in US$ Million), 2022 & 2030
Table 11: List of Key Players

Companies Mentioned

  • Allianz SE (ALIZY)
  • Assicurazioni Generali (ARZGY)
  • Aviva PLC (AVVIY)
  • AXA SA (AXAHY)
  • Berkshire Hathaway (BRK.A)
  • China Life Insurance Co. Ltd. (LFC)
  • Legal & General Group PLC (LGGNY)
  • Ping An Insurance (Group) Co. of China Ltd. (PNGAY)
  • Prudential PLC (PUK)
  • People’s Insurance Co. (Group) of China Ltd. (PINXY)

Methodology

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