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Accidental Death Insurance Global Market Report 2022

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    Report

  • 175 Pages
  • May 2022
  • Region: Global
  • The Business Research Company
  • ID: 5596097
Accidental Death Insurance Market Global Report 2022 provides strategists, marketers and senior management with the critical information they need to assess the global accidental death insurance market.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies
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  • Outperform competitors using forecast data and the drivers and trends shaping the market
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  • Utilize the relationships between key data sets for superior strategizing
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Description:

Where is the largest and fastest growing market for the accidental death insurance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Accidental Death Insurance Market Global Report from answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
  • The Market Characteristics section of the report defines and explains the market
  • The Market Size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market
  • Market Segmentations break down market into sub markets
  • The Regional and Country section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing
  • Competitive Landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
  • The Trends and Strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this

Scope


Markets Covered:

1) By Application: Personal; Enterprise
2) By Product: Personal Injury Claims; Road Traffic Accidents; Work Accidents; Other Products
3) By Distribution Channel: Direct Marketing; Bancassurance; Agencies; E-commerce; Brokers

Companies Mentioned: Allianz; Assicurazioni Generali; China Life Insurance; MetLife; PingAn

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time Series: Five years historic and forecast.

Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


This product will be delivered within 1-3 business days.

Table of Contents

1. Executive Summary2. Accidental Death Insurance Market Characteristics
3. Accidental Death Insurance Market Size And Growth
3.1. Global Accidental Death Insurance Historic Market, 2016 - 2021, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Accidental Death Insurance Forecast Market, 2021 - 2026F, 2026F, 2031F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Accidental Death Insurance Market Segmentation
4.1. Global Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Personal
  • Enterprise
4.2. Global Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Personal Injury Claims
  • Road Traffic Accidents
  • Work Accidents
  • Other Products
4.3. Global Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Direct Marketing
  • Bancassurance
  • Agencies
  • E-commerce
  • Brokers

5. Accidental Death Insurance Market Regional And Country Analysis
5.1. Global Accidental Death Insurance Market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
5.2. Global Accidental Death Insurance Market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
6. Asia-Pacific Accidental Death Insurance Market
6.1. Asia-Pacific Accidental Death Insurance Market Overview
6.2. Asia-Pacific Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
6.3. Asia-Pacific Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
6.4. Asia-Pacific Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
7. China Accidental Death Insurance Market
7.1. China Accidental Death Insurance Market Overview
7.2. China Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2026F, 2031F,$ Billion
7.3. China Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2026F, 2031F,$ Billion
7.4. China Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2026F, 2031F,$ Billion
8. India Accidental Death Insurance Market
8.1. India Accidental Death Insurance Market Overview
8.2. India Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
8.3. India Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
8.4. India Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
9. Japan Accidental Death Insurance Market
9.1. Japan Accidental Death Insurance Market Overview
9.2. Japan Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
9.3. Japan Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
9.4. Japan Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
10. Australia Accidental Death Insurance Market
10.1. Australia Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
10.2. Australia Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
10.3. Australia Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
11. Indonesia Accidental Death Insurance Market
11.1. Indonesia Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
11.2. Indonesia Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
11.3. Indonesia Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
12. South Korea Accidental Death Insurance Market
12.1. South Korea Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
12.2. South Korea Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
12.3. South Korea Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
13. Western Europe Accidental Death Insurance Market
13.1. Western Europe Accidental Death Insurance Market Overview
13.2. Western Europe Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
13.3. Western Europe Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
13.4. Western Europe Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
14. UK Accidental Death Insurance Market
14.1. UK Accidental Death Insurance Market Overview
14.2. UK Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
14.3. UK Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
14.4. UK Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
15. Germany Accidental Death Insurance Market
15.1. Germany Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
15.2. Germany Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
15.3. Germany Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
16. France Accidental Death Insurance Market
16.5. France Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
16.6. France Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
16.7. France Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
17. Eastern Europe Accidental Death Insurance Market
17.1. Eastern Europe Accidental Death Insurance Market Overview
17.2. Eastern Europe Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
17.3. Eastern Europe Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
17.4. Eastern Europe Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
18. Russia Accidental Death Insurance Market
18.1. Russia Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
18.2. Russia Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
18.3. Russia Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
19. North America Accidental Death Insurance Market
19.1. North America Accidental Death Insurance Market Overview
19.2. North America Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
19.3. North America Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
19.4. North America Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
20. USA Accidental Death Insurance Market
20.1. USA Accidental Death Insurance Market Overview
20.2. USA Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
20.3. USA Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
20.4. USA Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
21. South America Accidental Death Insurance Market
21.1. South America Accidental Death Insurance Market Overview
21.2. South America Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
21.3. South America Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
21.4. South America Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
22. Brazil Accidental Death Insurance Market
22.1. Brazil Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
22.2. Brazil Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
22.3. Brazil Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
23. Middle East Accidental Death Insurance Market
23.1. Middle East Accidental Death Insurance Market Overview
23.2. Middle East Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
23.3. Middle East Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
23.4. Middle East Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
24. Africa Accidental Death Insurance Market
24.1. Africa Accidental Death Insurance Market Overview
24.2. Africa Accidental Death Insurance Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
24.3. Africa Accidental Death Insurance Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
24.4. Africa Accidental Death Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
25. Accidental Death Insurance Market Competitive Landscape And Company Profiles
25.1. Accidental Death Insurance Market Competitive Landscape
25.2. Accidental Death Insurance Market Company Profiles
25.2.1. Allianz
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Assicurazioni Generali
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. China Life Insurance
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. MetLife
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. PingAn
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Accidental Death Insurance Market27. Accidental Death Insurance Market Trends And Strategies28. Accidental Death Insurance Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. About the Publisher
29.5. Copyright And Disclaimer

Executive Summary

Major players in the accidental death insurance market are Allianz, Assicurazioni Generali, China Life Insurance, MetLife, PingAn, AXA, Sumitomo Life Insurance, Aegon, Dai-ichi Mutual Life Insurance, and CPIC.

The global accidental death insurance market is expected to grow from $62.82 billion in 2021 to $67.34 billion in 2022 at a compound annual growth rate (CAGR) of 7.2%. The market is expected to grow to $77.03 billion in 2026 at a compound annual growth rate (CAGR) of 3.4%.

The accidental death insurance market consists of sales of accidental death insurance. The financial institutions pay a lump sum amount to the beneficiary in case of accidental death, in addition to the standard benefit payable if the insured died of natural causes. This type of insurance is often an addition or a clause connected to a life insurance policy.

The main products of accidental death insurance are personal injury claims, road traffic accidents, work accidents, and other products. Work accident insurance is a type of insurance that pays benefits to employees or their families who are injured or killed on the job. Accidental death insurance is used for personal and enterprise applications. The products are distributed through direct marketing, bancassurance, agencies, e-commerce, and brokers.

North America was the largest region in the accidental death insurance market in 2021. Asia Pacific was the second largest market in accidental death insurance market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The accidental death insurance market is being driven by the rising number of accidental deaths. Due to the rising number of deaths by accidents, there is an increase in awareness in the general public about the benefits of having accidental death insurance, and is driving them to opt for accidental death insurance policies, to safeguard their family's income. According to the Centers for Disease Control and Prevention (CDC), Unintentional injuries or accidents were the fourth biggest cause of death in the United States in 2020, accounting for around 6% of all deaths. In 2020, a projected 200,955 persons died as a result of unintentional injuries, with the elderly having the greatest death rates. This high number of fatal accidents is driving the demand for accidental death insurance.

The accidental death insurance market is being restrained by a low awareness about life insurance including accidental death insurance. This results in a fewer number of people opting for accidental death insurance, especially in underdeveloped and developed countries. For instance, according to a report by Insurance Regulatory and Development Authority, the life insurance penetration in India was just 3.69%. Even though the awareness levels have been increasing recently, they are still very low in some regions such as the African subcontinent and parts of Asia, thus restraining the market.

The companies in the accidental death insurance market are witnessing transformation due to the integration of blockchain technology in life insurance products and processes. Blockchain technology is a system that keeps a track of transactions done via cryptocurrencies and maintains it across several computers which are linked to each other. This facilitates a transparent process for both the insurance companies and customers, thus enabling the removal of fraudulent claims and activities. In addition to that, claims can be processed quickly, and the process becomes more flexible. For instance, Generali, a major life insurance firm, partnered with Accenture in 2019, to launch a new blockchain-based insurance service that saves time and reduces processing errors.

The accidental death insurance market is regulated by authorities such as The European Insurance and Occupational Pensions Authority (EIOPA) and the US National Association of Insurance Commissioners (NAIC). Life insurance companies in the European Union (EU) are required to follow the General Data Protection Regulation (GDPR) which creates guidelines on collecting and processing the personal data of individuals within the EU. The goal of the GDPR is to protect all citizens of the EU from data breaches, and life insurance companies are fined up to 4% of their annual turnover for a data violation. In case of a data breach, customers are required to be notified within 72 hours after the company is aware of the breach. The Insurance Regulatory and Development Authority of India (IRDAI) made modifications in its commission structure to introduce more consistent commissions to be paid on life insurance products.

The countries covered in the accidental death insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Allianz
  • Assicurazioni Generali
  • China Life Insurance
  • MetLife
  • PingAn
  • AXA
  • Sumitomo Life Insurance
  • Aegon
  • Dai-ichi Mutual Life Insurance
  • CPIC
  • Aviva
  • Munich Re Group
  • Zurich Financial Services
  • Nippon Life Insurance
  • Gerber Life Insurance
  • AIG
  • Prudential
  • Mutual of Ohama
  • Aflac
  • Transamerica
  • Fidelity Life
  • Farmers
  • The Hartford
  • Sun Life Financial
  • Taiwan Life Insurance
  • MassMutual Mercuries Life Insurance
  • Kuo Hua Life Insurance
  • Far Glory Life Insurance

Methodology

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