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

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 $1082.22 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 $1319.94 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 $1319.94 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, Dai and ichi Life Holdings Inc.

Report Attribute	Details
No. of Pages	49
Published	October 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 1082.22 Billion
Forecasted Market Value ( USD ) by 2025	$ 1319.94 Billion
Compound Annual Growth Rate	4.0%
Regions Covered	Asia Pacific

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