Global Microinsurance Market 2021-2025

The publisher has been monitoring the microinsurance market and it is poised to grow by $ 30.44 bn during 2021-2025, progressing at a CAGR of 7.40% during the forecast period. The report on the microinsurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for insurance policies and increasing government regulations on mandatory insurance coverages in developing countries.

The microinsurance market analysis includes the type segment and geographic landscape.

The microinsurance market is segmented as below:

By Type

property insurance
health insurance
life insurance
index insurance
others

By Geographical Landscape

APAC
North America
Europe
South America
MEA

This study identifies microinsurance as a tool for overcoming poverty as one of the prime reasons driving the microinsurance market growth during the next few years.

The report on microinsurance market covers the following areas:

Microinsurance market sizing
Microinsurance market forecast
Microinsurance market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microinsurance market vendors that include Al Amana Microfinance, Banco do Nordeste, Bandhan Bank Ltd., Bank of America Corp., Citigroup Inc., Fundacion Microfinanzas BBVA, JPMorgan Chase and Co., Life Insurance Corp. of India, Micro Insurance, and Milliman Inc. Also, the microinsurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary

Market Overview

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Type

Market segments
Comparison by Type
Property insurance - Market size and forecast 2020-2025
Health insurance - Market size and forecast 2020-2025
Life insurance - Market size and forecast 2020-2025
Index insurance - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Market opportunity by Type

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity By Geographical Landscape
Market drivers
Market challenges
Market trends

Vendor Landscape

Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Al Amana Microfinance
Banco do Nordeste
Bandhan Bank Ltd.
Bank of America Corp.
Citigroup Inc.
Fundacion Microfinanzas BBVA
JPMorgan Chase and Co.
Life Insurance Corp. of India
Micro Insurance
Milliman Inc.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

Exhibits

Key Finding 1
Key Finding 2
Key Finding 3
Key Finding 5
Key Finding 6
Key Finding 7
Key Finding 8
Parent market
Market characteristics
Offerings of vendors included in the market definition
Market segments
Global - Market size and forecast 2020 - 2025 ($ billion)
Global market: Year-over-year growth 2020 - 2025 (%)
Five forces analysis 2020 & 2025
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition - Five forces 2020
Type - Market share 2020-2025 (%)
Comparison by Type
Property insurance - Market size and forecast 2020-2025 ($ billion)
Property insurance - Year-over-year growth 2020-2025 (%)
Health insurance - Market size and forecast 2020-2025 ($ billion)
Health insurance - Year-over-year growth 2020-2025 (%)
Life insurance - Market size and forecast 2020-2025 ($ billion)
Life insurance - Year-over-year growth 2020-2025 (%)
Index insurance - Market size and forecast 2020-2025 ($ billion)
Index insurance - Year-over-year growth 2020-2025 (%)
Others - Market size and forecast 2020-2025 ($ billion)
Others - Year-over-year growth 2020-2025 (%)
Market opportunity by Type
Customer landscape
Market share By Geographical Landscape 2020-2025 (%)
Geographic comparison
APAC - Market size and forecast 2020-2025 ($ billion)
APAC - Year-over-year growth 2020-2025 (%)
North America - Market size and forecast 2020-2025 ($ billion)
North America - Year-over-year growth 2020-2025 (%)
Europe - Market size and forecast 2020-2025 ($ billion)
Europe - Year-over-year growth 2020-2025 (%)
South America - Market size and forecast 2020-2025 ($ billion)
South America - Year-over-year growth 2020-2025 (%)
MEA - Market size and forecast 2020-2025 ($ billion)
MEA - Year-over-year growth 2020-2025 (%)
Key leading countries
Market opportunity By Geographical Landscape ($ billion)
Impact of drivers and challenges
Vendor landscape
Landscape disruption
Industry risks
Vendors covered
Market positioning of vendors
Al Amana Microfinance - Overview
Al Amana Microfinance - Product and service
Al Amana Microfinance - Key offerings
Al Amana Microfinance - Key customers
Al Amana Microfinance - Segment focus
Banco do Nordeste - Overview
Banco do Nordeste - Product and service
Banco do Nordeste - Key offerings
Banco do Nordeste - Key customers
Banco do Nordeste - Segment focus
Bandhan Bank Ltd. - Overview
Bandhan Bank Ltd. - Product and service
Bandhan Bank Ltd. - Key offerings
Bandhan Bank Ltd. - Key customers
Bandhan Bank Ltd. - Segment focus
Bank of America Corp. - Overview
Bank of America Corp. - Business segments
Bank of America Corp. - Key offerings
Bank of America Corp. - Key customers
Bank of America Corp. - Segment focus
Citigroup Inc. - Overview
Citigroup Inc. - Business segments
Citigroup Inc. - Key offerings
Citigroup Inc. - Key customers
Citigroup Inc. - Segment focus
Fundacion Microfinanzas BBVA - Overview
Fundacion Microfinanzas BBVA - Product and service
Fundacion Microfinanzas BBVA - Key offerings
Fundacion Microfinanzas BBVA - Key customers
Fundacion Microfinanzas BBVA - Segment focus
JPMorgan Chase and Co. - Overview
JPMorgan Chase and Co. - Business segments
JPMorgan Chase and Co. - Key offerings
JPMorgan Chase and Co. - Key customers
JPMorgan Chase and Co. - Segment focus
Life Insurance Corp. of India - Overview
Life Insurance Corp. of India - Product and service
Life Insurance Corp. of India - Key offerings
Life Insurance Corp. of India - Key customers
Life Insurance Corp. of India - Segment focus
Micro Insurance - Overview
Micro Insurance - Product and service
Micro Insurance - Key offerings
Micro Insurance - Key customers
Micro Insurance - Segment focus
Milliman Inc. - Overview
Milliman Inc. - Product and service
Milliman Inc. - Key offerings
Milliman Inc. - Key customers
Milliman Inc. - Segment focus
Currency conversion rates for US$
Research Methodology
Validation techniques employed for market sizing
Information sources
List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global microinsurance market: Al Amana Microfinance, Banco do Nordeste, Bandhan Bank Ltd., Bank of America Corp., Citigroup Inc., Fundacion Microfinanzas BBVA, JPMorgan Chase and Co., Life Insurance Corp. of India, Micro Insurance, and Milliman Inc.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is microinsurance as a tool for overcoming poverty.`

According to the report, one of the major drivers for this market is the increasing demand for insurance policies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.