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The insurance market is forecast to grow by USD 1.40 trillion during 2023-2028, accelerating at a CAGR of 4.25% during the forecast period. The report on the insurance 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 government regulations on mandatory insurance coverage in developing countries, uncertain catastrophic events leading to increasing demand for insurance, and digitalization of insurance industry.
The insurance market is segmented as below:
By Distribution Channel
- Sales personnel
- Insurance agencies
By Type
- Life
- Non-life
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the insurance market covers the following areas:
- Insurance market sizing
- Insurance market forecast
- Insurance market industry analysis
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 an analysis of the key vendors.
The publisher 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 research - both primary and secondary. 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 Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global insurance market: Aditya Birla Management Corp. Pvt. Ltd., Allianz SE, American International Group Inc., AXA Group, Bank of America Corp., Berkshire Hathaway Inc., Canara Bank, Citigroup Inc., Go Digit General Insurance Ltd., HDFC Ltd., JPMorgan Chase and Co., Kotak Mahindra Bank Ltd., Life Insurance Corp. of India, Microsoft Corp., State Bank of India, Tata Sons Pvt. Ltd., THE PNC FINANCIAL SERVICES GROUP INC., Truist Financial Corp., U.S. Bancorp, and Wells Fargo and Co..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of wearables into customer engagement metrics for life insurance software."
According to the report, one of the major drivers for this market is the 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 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:
- Aditya Birla Management Corp. Pvt. Ltd.
- Allianz SE
- American International Group Inc.
- AXA Group
- Bank of America Corp.
- Berkshire Hathaway Inc.
- Canara Bank
- Citigroup Inc.
- Go Digit General Insurance Ltd.
- HDFC Ltd.
- JPMorgan Chase and Co.
- Kotak Mahindra Bank Ltd.
- Life Insurance Corp. of India
- Microsoft Corp.
- State Bank of India
- Tata Sons Pvt. Ltd.
- The PNC Financial Services Group Inc.
- Truist Financial Corp.
- U.S. Bancorp
- Wells Fargo and Co.
