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The microinsurance market is forecasted to grow by USD 41.2 billion during 2024-2029, accelerating at a CAGR of 7.7% 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.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for insurance policies, increase in uncertain catastrophic events, and increasing government regulations on mandatory insurance coverage in developing countries.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The microinsurance market is segmented as below:
By Product Type
- Property insurance
- Health insurance
- Life insurance
- Index insurance
- Others
By Type
- Microinsurance (commercially viable)
- Microinsurance through aid or government support
By End-user
- Low-income individuals
- Smallholder farmers
- Micro-entrepreneurs
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the microinsurance market covers the following areas:
- Microinsurance Market sizing
- Microinsurance Market forecast
- Microinsurance Market industry analysis
The report 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 primary and secondary research. 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 accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product Type
9 Market Segmentation by Type
10 Market Segmentation by End-user
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global microinsurance market: Accion International, Ageas Federal Life Insurance, AIA Group Ltd, AL BARAKAH MICROFINANCE BANK, Allianz SE, ASA International Group plc, Banco Bilbao Vizcaya Argentaria SA, BRAC, Edelweiss Financial Services Ltd., Gojo and Company Inc., HDFC Bank Ltd., Hollard Insurance Group, ICICI Bank Ltd., Life Insurance Corp. of India, MIC Global, Milliman Inc., Oikocredit International, Pramerica Life Insurance Ltd., State Bank of India, and Swiss Re Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is digitalization of insurance industry."
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accion International
- Ageas Federal Life Insurance
- AIA Group Ltd
- AL BARAKAH MICROFINANCE BANK
- Allianz SE
- ASA International Group plc
- Banco Bilbao Vizcaya Argentaria SA
- BRAC
- Edelweiss Financial Services Ltd.
- Gojo and Company Inc.
- HDFC Bank Ltd.
- Hollard Insurance Group
- ICICI Bank Ltd.
- Life Insurance Corp. of India
- MIC Global
- Milliman Inc.
- Oikocredit International
- Pramerica Life Insurance Ltd.
- State Bank of India
- Swiss Re Ltd.
