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Insights on the Insurance Global Market to 2030 - Identify Growth Segments for Investment

Research and Markets
·8-min read

Dublin, Feb. 12, 2021 (GLOBE NEWSWIRE) -- The "Insurance Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global insurance providers market as it emerges from the COVID-19 shut down.

The global insurance market is expected to grow from $4474.49 billion in 2020 to $5050.31 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6390.73 billion in 2025 at a CAGR of 6%.

Reasons to Purchase

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  • Identify growth segments for investment.

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  • Benchmark performance against key competitors.

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Description:

Where is the largest and fastest growing market for the insurance providers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Insurance Providers market global report 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. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider insurance providers market, and compares it with other markets.

  • 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, the impact of the COVID-19 virus and forecasting its recovery.

  • Market segmentations break down market into sub markets.

  • The regional and country breakdowns 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 the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.

  • 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 analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

  • The insurance providers market section of the report gives context. It compares the insurance providers market with other segments of the insurance(providers, brokers and re-insurers) market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, insurance providers indicators comparison.

The insurance market consists of sales of insurance products by entities (organizations, sole traders and partnerships) that undertake underwriting (assuming the risk and assigning premiums) on annuities and insurance policies. Insurance providers invest premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance providers are entities that are engaged in primary underwriting and assuming the risk of annuities and insurance policies. Reinsurance providers are businesses that assume all or part of the risk associated with an existing insurance policy or set of policies, originally underwritten by another insurance carrier (direct insurance carrier). The insurance providers market is segmented into life insurance; property & casualty insurance; and health & medical insurance.

North America was the largest region in the global insurance market, accounting for 34% of the market in 2020. Asia Pacific was the second largest region accounting for 31% of the global insurance market. Eastern Europe was the smallest region in the global insurance market.

Peer-to-peer insurance is gradually gaining prominence both in emerging and developed markets driven by reduced cost of premium in emerging countries resulting from improved internet penetration in those regions. Peer-to-peer insurance is based on pooling insurance premiums of participating individuals that can be used to compensate future uncertain losses and share the left-over amount among participants. It aims to reduce premium and overhead costs than traditional Insurance Providers, decrease inefficiencies and increase transparency of businesses.

The rapid growth in internet penetration and increased risks associated with internet use for critical transactions is driving the demand for cyber insurance. Cyber insurance covers internet-based risks and risks related to information technology infrastructure. It also covers property theft, business interruption, software and data loss, cyber extortion, network failure liability, cyber-crime and physical asset damage. For example, according to a report by McAfee and Center for Strategic and International Studies in 2018, cybercrimes costed businesses $600 billion globally. To capitalize on the concerns associated with cybercrimes, insurers are offering cyber insurance to customers to businesses with high exposure to cyberattacks.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Insurance Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Insurance Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Insurance Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Insurance Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Insurance Market Trends And Strategies

8. Impact Of COVID-19 On Insurance

9. Insurance Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market

10. Insurance Market Regional Analysis
10.1. Global Insurance Market, 2020, By Region, Value ($ Billion)
10.2. Global Insurance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Insurance Market, Growth And Market Share Comparison, By Region

11. Insurance Market Segmentation
11.1. Global Insurance Market, Segmentation By Type
11.2. Global Insurance Market, Segmentation By End User
11.3. Global Insurance Market, Segmentation By Mode

12. Insurance Market Segments
12.1. Global Life Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Term Life Insurance; Whole Life Insurance; Variable Life Insurance; Equity Indexed Life Insurance; Accidental Death Insurance; Other Life Insurance
12.2. Global Property & Casualty Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Automobile Insurance Carriers; Malpractice/Indemnity Insurance Carriers; Fidelity Insurance Carriers; Mortgage Guaranty Insurance Carriers; Homeowners Insurance Carriers; Surety Insurance Carriers; Liability Insurance Carriers
12.3. Global Health & Medical Insurance Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Hospitalization Insurance; Hospital Daily Cash Benefit Insurance; Critical Illness Insurance; Domiciliary Insurance; Other Health & Medical Insurance

13. Insurance Market Metrics
13.1. Insurance Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Insurance Market Expenditure, 2015-2025, Global

14. Asia-Pacific Insurance Market

15. Western Europe Insurance Market

16. Eastern Europe Insurance Market

17. North America Insurance Market

18. South America Insurance Market

19. Middle East Insurance Market

20. Africa Insurance Market

21. Insurance Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
21.3.1. Unitedhealth Group
21.3.1.1. Company Overview
21.3.1.2. Products And Services
21.3.1.3. Strategy
21.3.1.4. Financial Performance
21.3.2. AXA
21.3.2.1. Company Overview
21.3.2.2. Products And Services
21.3.2.3. Strategy
21.3.2.4. Financial Performance
21.3.3. Allianz
21.3.3.1. Company Overview
21.3.3.2. Products And Services
21.3.3.3. Strategy
21.3.3.4. Financial Performance
21.3.4. Generali
21.3.4.1. Company Overview
21.3.4.2. Products And Services
21.3.4.3. Strategy
21.3.4.4. Financial Performance
21.3.5. Ping An
21.3.5.1. Company Overview
21.3.5.2. Products And Services
21.3.5.3. Strategy
21.3.5.4. Financial Performance

22. Key Mergers And Acquisitions In The Insurance Market

23. Market Background: Insurance(Providers, Brokers and Re-Insurers) Market
23.1. Insurance(Providers, Brokers and Re-Insurers) Market Characteristics
23.2. Insurance(Providers, Brokers and Re-Insurers) Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, By Segment, Value ($ Billion), Global
23.3. Global Insurance(Providers, Brokers and Re-Insurers) Market, 2020, By Region, Value ($ Billion)
23.4. Global Insurance(Providers, Brokers and Re-Insurers) Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
23.5. Global Insurance(Providers, Brokers and Re-Insurers) Market, 2015-2020, 2020-2025F, 2030F, Segmentation By Type, Value ($ Billion)

24. Recommendations
24.1. Global Insurance Market In 2025- Growth Countries
24.2. Global Insurance Market In 2025- Growth Segments
24.3. Global Insurance Market In 2025- Growth Strategies

25. Appendix
25.1. NAICS Definitions Of Industry Covered In This Report
25.2. Abbreviations
25.3. Currencies
25.4. Research Inquiries
25.5. The Publisher

26. Copyright And Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/kg2tc9

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