Global Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). 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 global life insurance market had total gross written premiums of $3,052.8 billion in 2022, representing a compound annual growth rate (CAGR) of 2.6% between 2017 and 2022.
- The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $2,126.7 billion, equivalent to 69.7% of the market's overall value.
- According to the International Monetary Fund, After the after a strong rebound of 6.5% growth posted in 2021, growth in Asia and the Pacific is expected to moderate to 4.0% in 2022. The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.8% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $3,866.4billion by the end of 2027.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the globallife insurance market
- 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 Global life insurance market with five year forecasts
Reasons to Buy
- What was the size of the Global life insurance market by value in 2022?
- What will be the size of the Global life insurance market in 2027?
- What factors are affecting the strength of competition in the Global life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's life insurance market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- China Life Insurance Co Ltd
- Dai-ichi Life Holdings Inc
- Nippon Life Insurance Co
- Ping An Insurance (Group) Company of China, Ltd.