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Life Insurance in Asia-Pacific - Market Summary, Competitive Analysis and Forecast to 2025

  • ID: 5516409
  • Report
  • October 2021
  • Region: Asia Pacific
  • 49 Pages
  • MarketLine
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Life Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: 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.
  • The Asia-Pacific life insurance market had total gross written premiums of $1,082.2bn in 2020, representing a compound annual growth rate (CAGR) of 2.1% between 2016 and 2020.
  • The Life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $953.9bn, equivalent to 88.1% of the market's overall value.
  • The future of the pandemic remains uncertain, and the extent of disruption is difficult to gauge; however, it is already clear that life insurance companies will need to adapt.

Scope


  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Asia-Pacific
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Asia-Pacific
  • 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 Asia-Pacific life insurance market with five year forecasts

Reasons to Buy


  • What was the size of the Asia-Pacific life insurance market by value in 2020?
  • What will be the size of the Asia-Pacific life insurance market in 2025?
  • What factors are affecting the strength of competition in the Asia-Pacific life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Asia-Pacific's life insurance market?
Frequently Asked Questions about the Asia-Pacific Life Insurance Market

What is the estimated value of the Asia-Pacific Life Insurance Market?

The Asia-Pacific Life Insurance Market was estimated to be valued at $1082.2 Billion in 2020.

What is the growth rate of the Asia-Pacific Life Insurance Market?

The growth rate of the Asia-Pacific Life Insurance Market is 4.0%, with an estimated value of $1319.9 Billion by 2025.

What is the forecasted size of the Asia-Pacific Life Insurance Market?

The Asia-Pacific Life Insurance Market is estimated to be worth $1319.9 Billion by 2025.

Who are the key companies in the Asia-Pacific Life Insurance Market?

Key companies in the Asia-Pacific Life Insurance Market include China Life Insurance Co Ltd, Ping An Insurance (Group) Company of China, Ltd., Nippon Life Insurance Company and ichi Life Holdings Inc.
Note: Product cover images may vary from those shown

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. Market rivalry
1.7. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. China Life Insurance Co Ltd
8.2. Ping An Insurance (Group) Company of China, Ltd.
8.3. Nippon Life Insurance Company
8.4. Dai-ichi Life Holdings Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Author
List of Tables
Table 1: Asia-Pacific life insurance market value: $ billion, 2016-20
Table 2: Asia-Pacific life insurance market category segmentation: $ billion, 2020
Table 3: Asia-Pacific life insurance market geography segmentation: $ billion, 2020
Table 4: Asia-Pacific life insurance market value forecast: $ billion, 2020-25
Table 5: Asia-Pacific life insurance market share: % share, by value, 2020
Table 6: China Life Insurance Co Ltd: key facts
Table 7: China Life Insurance Co Ltd: Annual Financial Ratios
Table 8: China Life Insurance Co Ltd: Key Employees
Table 9: China Life Insurance Co Ltd: Key Employees Continued
Table 10: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 11: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 12: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 13: Nippon Life Insurance Company: key facts
Table 14: Nippon Life Insurance Company: Key Employees
Table 15: Nippon Life Insurance Company: Key Employees Continued
Table 16: Nippon Life Insurance Company: Key Employees Continued
Table 17: Dai-ichi Life Holdings Inc: key facts
Table 18: Dai-ichi Life Holdings Inc: Annual Financial Ratios
Table 19: Dai-ichi Life Holdings Inc: Key Employees
Table 20: Dai-ichi Life Holdings Inc: Key Employees Continued
Table 21: Asia-Pacific exchange rate, 2016-20
List of Figures
Figure 1: Asia-Pacific life insurance market value: $ billion, 2016-20
Figure 2: Asia-Pacific life insurance market category segmentation: % share, by value, 2020
Figure 3: Asia-Pacific life insurance market geography segmentation: % share, by value, 2020
Figure 4: Asia-Pacific life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Asia-Pacific, 2020
Figure 6: Drivers of buyer power in the life insurance market in Asia-Pacific, 2020
Figure 7: Drivers of supplier power in the life insurance market in Asia-Pacific, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2020
Figure 11: Asia-Pacific life insurance market share: % share, by value, 2020
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • China Life Insurance Co Ltd
  • Ping An Insurance (Group) Company of China, Ltd.
  • Nippon Life Insurance Company
  • Dai-ichi Life Holdings Inc
Note: Product cover images may vary from those shown