Insurance Market 2018-2028 By Size, Share, Trends, Growth, Forecast

Report Description

The Global insurance market is anticipated to project robust growth in the forecast period. Due to the rising health concern across the world post COVID-19 scenario, the market witnessed a significant rise in demand for health and life insurance and has directly impacted the global insurance industry in a positive way.

By offering social benefits like compensation for work-related injuries, property reconstruction, and supply chain support, insurance can be seen as a social policy tool. They also serve as capital infusions.

A total of USD1.5 trillion (roughly USD125 billion per month) was paid by the insurance industry worldwide, in 2017, to assist claimants in rebuilding their homes, lives, and businesses. The following trends in the market's customer spectrum were highlighted in the report on the interest of consumers around the world in insurance products. For example, hospital expense reimbursement products attracted 77% of consumers' interest, life insurance with access to funds in an emergency attracted 74%, and income protection attracted 66%.

In 2021, the economy witnessed a significant improvement, which boosted demand for insurance products and supported premium growth in both the non-life and life insurance sectors. For instance, Colombia saw a higher demand for group health and life insurance as the employment rate began to rise following its decline in Q2 2020. Following an increase in employment rates, Costa Rica also noticed a rise in premiums for required insurance covering occupational risks.

The COVID-19 outbreak has influenced people's lives and businesses, all over the world. Because of the coronavirus outbreak, employers now see a greater need for insurance in order to provide better healthcare and medical facilities for their staff. In addition, hospitalization is rapidly increasing because of the COVID-19 outbreak. Additionally, one of the main reasons for the increase in health insurance premiums is the spread of COVID-19 health crisis around the world, which has put tremendous pressure on businesses, to ensure the safety of their employees.

However, the impact of COVID-19 on health insurance claim payments has varied. For instance, claim payments for medical expenses increased in Belgium, in 2020. In Costa Rica, claim payments for health insurance increased as well. Due to an exceptional payment made by health insurers to support the social security system, claims also increased in France (Insurance Europe, 2021). In countries such as Malaysia, claim payments decreased where medical insurance policies had a pandemic exclusion clause. This resulted in significant negative impact upon the market growth, in the post COVID-19 scenario.

Surging preference for Self-Service among consumers

The rising demand for self-service among consumers is among the biggest trends in insurance. Customers now expect to be able to do more for themselves without having to pick up the phone and speak to a customer service representative, because of the increasing number of digital channels like online portals and mobile apps.

Insurance companies are spending more money on digital self-service tools like chatbots and online quote generators in response to this trend. Customers can use these tools to get the information they require without having to place calls or go through lengthy procedures.

Additionally, by taking care of simple tasks themselves, customers give insurers more time to concentrate on more complicated problems. Now, as customer demand for self-service digital channels soars, more and more agents and brokers are switching to digital tools. According to a survey of European insurance executives conducted in late April 2020, about 89 percent of respondents predict that digitization will accelerate significantly and that the channel mix will continue to change.

Growing support from AI Algorithms

The market of insurance is witnessing a significant boost with the support of Artificial intelligence (AI). The Robotic Process Automation (RPA) and AI will occupy center stage in insurance, driven by newer data channels, better data processing capabilities and advancements in AI algorithms. For example, InsurTech company Lemonade's business model deploys AI and behavioral economics as its core elements. While AI eliminates brokers and paperwork, its behavioral economics capabilities minimize fraud - leading to reduced time, effort and costs.

Another InsurTech firm Tyche has deployed an AI-infused claim likelihood model in underwriting to accurately determine the risks and achieve higher profitability. Bots will spread throughout the front and back offices to automate claims processing and policy servicing for quicker and more individualized customer service. For instance, the virtual assistant of a well-known auto insurer in the US responds to customer questions about policies and payments. Jim, a claims bot from Lemonade, evaluates and settles property claims in just three seconds. SPIXII, an automated insurance agent, communicates with clients via a mobile app and other messenger services to assist in the selection of the best policies.

Business outcomes in customer experience, cost optimization, operational efficiencies, market competitiveness, and newer business models will all be significantly impacted and improved by AI and automation.

Rising Launch of Digital Platform Aiding the Market Growth

The insurance industry is changing to "digital-first" business models that have the potential to create new value, worth billions of dollars. Insurance companies are using Internet of Things, advanced analytics, and machine learning to create more granular individual risk profiles as they place a greater emphasis on personalized premiums and usage-based coverage. Collaboration between companies offering traditional insurance and those in the Insurtech sector, will result in new business models and revenue streams, increased profitability, and decreased operating costs. Therefore, various companies are looking for a shift towards digital platform.

For instance, with the goal of focusing on health and wealth coverage, insurance broker “We Digital Insurance” has launched one-stop “We Care” platform in association with the financial advisory firm, KTBST Securities and the software developer AppMan. "We Care" has a variety of offerings, including life, fire, and motor insurance. The pilot phase of an avant-garde digital commercial insurance platform has also been launched by WTW, a top global advisory, broking, and solutions company, in partnership with insurers Liberty Specialty Markets (LSM) and Markel. In the foreseeable future, it is anticipated that this tendency will persist. Moreover, customers reliance towards digital platform has increased over the past few years.

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Surge in Demand for Life Insurance Amid COVID-19 Fueled the Market

A significant factor affecting the market's growth is the accelerating demand for life insurance and continuously growing support from the government for a significant funding for insurance purpose. According to the American Council of Life Insurers, in 2020, beneficiaries of life insurance had received more than USD90 billion and these payments were up by 15.4% from 2019. , this is the highest amount that life insurance providers have availed to the borrower in a calendar year Furthermore, in 2020, Google searches for life insurance policies grew by 15–30% And this had a significant impact upon sales of life insurance policies as majority of big insurance companies witnessed increase by 15% in their insurance sales. This increase has been referred to, by some experts, as "panic buying" because COVID-19 made people confront their mortality. People's interest in life insurance increased as the pandemic spread.

Market Segmentation

The global Insurance market is segmented based on insurance type, provider, premium type, region, and competitional landscape. Based on insurance type, the market is fragmented into Life Insurance, Property and Casualty Insurance, Health Insurance, Others (Medical Insurance, Travel, etc.). Based on Provider, the market is segmented into (Insurance Companies, Insurance Agents/Brokers, and Others (Insurtech Companies, Third Party, etc.)). Based on Premium Type, the market is segmented into Regular Premium and Single Premium. The market analysis also studies the regional segmentation, which is divided among North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

Company Profiles

Berkshire Hathaway Inc., Ping An Insurance (Group) Company of China Ltd., China Life Insurance Company Limited, Allianz SE, AXA SA, Assicurazioni Generali SPA, Japan Post Holdings Co., Ltd., Life Insurance Corp. of India, People's Insurance Co. of China Limited, Munich Reinsurance Company are among the major market players in the global platform that lead the market growth of the global Insurance market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Insurance Type · Provider · Premium Type · Region · Company
Regional Scope	North America, Europe, Asia-Pacific, Middle East & Africa and South America
Country Scope	United States; Canada; Mexico; United Kingdom; Germany; France; Italy; Spain; Poland; Netherlands; China; India; Japan; South Korea; Australia; New Zealand; Malaysia; Brazil; Argentina; Colombia; Iran; South Africa; Turkey; Saudi Arabia; Israel;
Key Companies Profiled	Berkshire Hathaway Inc., Ping An Insurance (Group) Company of China Ltd., China Life Insurance Company Limited, Allianz SE, AXA SA, Assicurazioni Generali SPA, Japan Post Holdings Co.,Ltd., Life Insurance Corp. of India, People's Insurance Co. of China Limited, Munich Reinsurance Company
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the global Insurance market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Insurance Market, By Insurance Type:

Life Insurance
Property and Casualty Insurance
Health Insurance
Others

Global Insurance Market, By Provider:

Insurance Companies
Insurance Agents/Brokers
Others

Global Insurance Market, By Premium Type:

Regular Premium
Single Premium

Global Insurance Market, By Region:

North America

United States
Canada
Mexico

Europe

United Kingdom
Germany
Italy
France
Spain
Poland
Netherland

Asia-Pacific

China
India
Japan
South Korea
Australia
New Zealand
Malaysia

Middle East & Africa

Iran
South Africa
Turkey
Saudi Arabia
Israel

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global insurance market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Insurance Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer Analysis (B2C Market)

4.1. Sample Size Determination

4.2. Respondent Demographics

4.2.1. By Gender

4.2.2. By Age

4.2.3. By Occupation

4.3. Brand Awareness

4.4. Factors Influencing Purchase Decision

4.5. Sources of Information

4.6. Challenges Faced After Purchase

5. Global Insurance Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Insurance Type Market Share Analysis (Life Insurance, Property and Casualty Insurance, Health Insurance, Others (Medical Insurance, Travel, etc.))

5.2.2. By Provider Market Share Analysis (Insurance Companies, Insurance Agents/Brokers, and Others (Insurtech Companies, Third Party, etc.))

5.2.3. By Premium Type Market Share Analysis (Regular Premium, Single Premium)

5.2.4. By Regional Market Share Analysis

5.2.4.1. North America Market Share Analysis

5.2.4.2. Europe Market Share Analysis

5.2.4.3. Asia-Pacific Market Share Analysis

5.2.4.4. Middle East & Africa Market Share Analysis

5.2.4.5. South America Market Share Analysis

5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)

5.3. Global Insurance Market Mapping & Opportunity Assessment

5.3.1. By Insurance Type Market Mapping & Opportunity Assessment

5.3.2. By Provider Market Mapping & Opportunity Assessment

5.3.3. By Premium Type Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. North America Insurance Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Insurance Type Market Share Analysis

6.2.2. By Provider Market Share Analysis

6.2.3. By Premium Type Market Share Analysis

6.2.4. By Country Market Share Analysis

6.2.4.1. United States Insurance Market Outlook

6.2.4.1.1. Market Size & Forecast

6.2.4.1.1.1. By Value

6.2.4.1.2. Market Share & Forecast

6.2.4.1.2.1. By Insurance Type Market Share Analysis

6.2.4.1.2.2. By Provider Market Share Analysis

6.2.4.1.2.3. By Premium Type Market Share Analysis

6.2.4.2. Canada Insurance Market Outlook

6.2.4.2.1. Market Size & Forecast

6.2.4.2.1.1. By Value

6.2.4.2.2. Market Share & Forecast

6.2.4.2.2.1. By Insurance Type Market Share Analysis

6.2.4.2.2.2. By Provider Market Share Analysis

6.2.4.2.2.3. By Premium Type Market Share Analysis

6.2.4.3. Mexico Insurance Market Outlook

6.2.4.3.1. Market Size & Forecast

6.2.4.3.1.1. By Value

6.2.4.3.2. Market Share & Forecast

6.2.4.3.2.1. By Insurance Type Market Share Analysis

6.2.4.3.2.2. By Provider Market Share Analysis

6.2.4.3.2.3. By Premium Type Market Share Analysis

7. Europe Insurance Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Insurance Type Market Share Analysis

7.2.2. By Provider Market Share Analysis

7.2.3. By Premium Type Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. United Kingdom Insurance Market Outlook

7.2.4.1.1. Market Size & Forecast

7.2.4.1.1.1. By Value

7.2.4.1.2. Market Share & Forecast

7.2.4.1.2.1. By Insurance Type Market Share Analysis

7.2.4.1.2.2. By Provider Market Share Analysis

7.2.4.1.2.3. By Premium Type Market Share Analysis

7.2.4.2. Germany Insurance Market Outlook

7.2.4.2.1. Market Size & Forecast

7.2.4.2.1.1. By Value

7.2.4.2.2. Market Share & Forecast

7.2.4.2.2.1. By Insurance Type Market Share Analysis

7.2.4.2.2.2. By Provider Market Share Analysis

7.2.4.2.2.3. By Premium Type Market Share Analysis

7.2.4.3. Italy Insurance Market Outlook

7.2.4.3.1. Market Size & Forecast

7.2.4.3.1.1. By Value

7.2.4.3.2. Market Share & Forecast

7.2.4.3.2.1. By Insurance Type Market Share Analysis

7.2.4.3.2.2. By Provider Market Share Analysis

7.2.4.3.2.3. By Premium Type Market Share Analysis

7.2.4.4. France Insurance Market Outlook

7.2.4.4.1. Market Size & Forecast

7.2.4.4.1.1. By Value

7.2.4.4.2. Market Share & Forecast

7.2.4.4.2.1. By Insurance Type Market Share Analysis

7.2.4.4.2.2. By Provider Market Share Analysis

7.2.4.4.2.3. By Premium Type Market Share Analysis

7.2.4.5. Spain Insurance Market Outlook

7.2.4.5.1. Market Size & Forecast

7.2.4.5.1.1. By Value

7.2.4.5.2. Market Share & Forecast

7.2.4.5.2.1. By Insurance Type Market Share Analysis

7.2.4.5.2.2. By Provider Market Share Analysis

7.2.4.5.2.3. By Premium Type Market Share Analysis

7.2.4.6. Poland Insurance Market Outlook

7.2.4.6.1. Market Size & Forecast

7.2.4.6.1.1. By Value

7.2.4.6.2. Market Share & Forecast

7.2.4.6.2.1. By Insurance Type Market Share Analysis

7.2.4.6.2.2. By Provider Market Share Analysis

7.2.4.6.2.3. By Premium Type Market Share Analysis

7.2.4.7. Netherlands Insurance Market Outlook

7.2.4.7.1. Market Size & Forecast

7.2.4.7.1.1. By Value

7.2.4.7.2. Market Share & Forecast

7.2.4.7.2.1. By Insurance Type Market Share Analysis

7.2.4.7.2.2. By Provider Market Share Analysis

7.2.4.7.2.3. By Premium Type Market Share Analysis

8. Asia-Pacific Insurance Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Insurance Type Market Share Analysis

8.2.2. By Provider Market Share Analysis

8.2.3. By Premium Type Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. China Insurance Market Outlook

8.2.4.1.1. Market Size & Forecast

8.2.4.1.1.1. By Value

8.2.4.1.2. Market Share & Forecast

8.2.4.1.2.1. By Insurance Type Market Share Analysis

8.2.4.1.2.2. By Provider Market Share Analysis

8.2.4.1.2.3. By Premium Type Market Share Analysis

8.2.4.2. India Insurance Market Outlook

8.2.4.2.1. Market Size & Forecast

8.2.4.2.1.1. By Value

8.2.4.2.2. Market Share & Forecast

8.2.4.2.2.1. By Insurance Type Market Share Analysis

8.2.4.2.2.2. By Provider Market Share Analysis

8.2.4.2.2.3. By Premium Type Market Share Analysis

8.2.4.3. Japan Insurance Market Outlook

8.2.4.3.1. Market Size & Forecast

8.2.4.3.1.1. By Value

8.2.4.3.2. Market Share & Forecast

8.2.4.3.2.1. By Insurance Type Market Share Analysis

8.2.4.3.2.2. By Provider Market Share Analysis

8.2.4.3.2.3. By Premium Type Market Share Analysis

8.2.4.4. South Korea Insurance Market Outlook

8.2.4.4.1. Market Size & Forecast

8.2.4.4.1.1. By Value

8.2.4.4.2. Market Share & Forecast

8.2.4.4.2.1. By Insurance Type Market Share Analysis

8.2.4.4.2.2. By Provider Market Share Analysis

8.2.4.4.2.3. By Premium Type Market Share Analysis

8.2.4.5. Australia Insurance Market Outlook

8.2.4.5.1. Market Size & Forecast

8.2.4.5.1.1. By Value

8.2.4.5.2. Market Share & Forecast

8.2.4.5.2.1. By Insurance Type Market Share Analysis

8.2.4.5.2.2. By Provider Market Share Analysis

8.2.4.5.2.3. By Premium Type Market Share Analysis

8.2.4.6. New Zealand Insurance Market Outlook

8.2.4.6.1. Market Size & Forecast

8.2.4.6.1.1. By Value

8.2.4.6.2. Market Share & Forecast

8.2.4.6.2.1. By Insurance Type Market Share Analysis

8.2.4.6.2.2. By Provider Market Share Analysis

8.2.4.6.2.3. By Premium Type Market Share Analysis

8.2.4.7. Malaysia Insurance Market Outlook

8.2.4.7.1. Market Size & Forecast

8.2.4.7.1.1. By Value

8.2.4.7.2. Market Share & Forecast

8.2.4.7.2.1. By Insurance Type Market Share Analysis

8.2.4.7.2.2. By Provider Market Share Analysis

8.2.4.7.2.3. By Premium Type Market Share Analysis

9. Middle East & Africa Insurance Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Insurance Type Market Share Analysis

9.2.2. By Provider Market Share Analysis

9.2.3. By Premium Type Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Iran Insurance Market Outlook

9.2.4.1.1. Market Size & Forecast

9.2.4.1.1.1. By Value

9.2.4.1.2. Market Share & Forecast

9.2.4.1.2.1. By Insurance Type Market Share Analysis

9.2.4.1.2.2. By Provider Market Share Analysis

9.2.4.1.2.3. By Premium Type Market Share Analysis

9.2.4.2. South Africa Insurance Market Outlook

9.2.4.2.1. Market Size & Forecast

9.2.4.2.1.1. By Value

9.2.4.2.2. Market Share & Forecast

9.2.4.2.2.1. By Insurance Type Market Share Analysis

9.2.4.2.2.2. By Provider Market Share Analysis

9.2.4.2.2.3. By Premium Type Market Share Analysis

9.2.4.3. Turkey Insurance Market Outlook

9.2.4.3.1. Market Size & Forecast

9.2.4.3.1.1. By Value

9.2.4.3.2. Market Share & Forecast

9.2.4.3.2.1. By Insurance Type Market Share Analysis

9.2.4.3.2.2. By Provider Market Share Analysis

9.2.4.3.2.3. By Premium Type Market Share Analysis

9.2.4.4. Saudi Arabia Insurance Market Outlook

9.2.4.4.1. Market Size & Forecast

9.2.4.4.1.1. By Value

9.2.4.4.2. Market Share & Forecast

9.2.4.4.2.1. By Insurance Type Market Share Analysis

9.2.4.4.2.2. By Provider Market Share Analysis

9.2.4.4.2.3. By Premium Type Market Share Analysis

9.2.4.5. Israel Insurance Market Outlook

9.2.4.5.1. Market Size & Forecast

9.2.4.5.1.1. By Value

9.2.4.5.2. Market Share & Forecast

9.2.4.5.2.1. By Insurance Type Market Share Analysis

9.2.4.5.2.2. By Provider Market Share Analysis

9.2.4.5.2.3. By Premium Type Market Share Analysis

10. South America Insurance Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Insurance Type Market Share Analysis

10.2.2. By Provider Market Share Analysis

10.2.3. By Premium Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. Brazil Insurance Market Outlook

10.2.4.1.1. Market Size & Forecast

10.2.4.1.1.1. By Value

10.2.4.1.2. Market Share & Forecast

10.2.4.1.2.1. By Insurance Type Market Share Analysis

10.2.4.1.2.2. By Provider Market Share Analysis

10.2.4.1.2.3. By Premium Type Market Share Analysis

10.2.4.2. Argentina Insurance Market Outlook

10.2.4.2.1. Market Size & Forecast

10.2.4.2.1.1. By Value

10.2.4.2.2. Market Share & Forecast

10.2.4.2.2.1. By Insurance Type Market Share Analysis

10.2.4.2.2.2. By Provider Market Share Analysis

10.2.4.2.2.3. By Premium Type Market Share Analysis

10.2.4.3. Colombia Insurance Market Outlook

10.2.4.3.1. Market Size & Forecast

10.2.4.3.1.1. By Value

10.2.4.3.2. Market Share & Forecast

10.2.4.3.2.1. By Insurance Type Market Share Analysis

10.2.4.3.2.2. By Provider Market Share Analysis

10.2.4.3.2.3. By Premium Type Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.1.1. Growing insecurity of Health issues

11.1.2. Ease of Availing Insurance

11.1.3. Rising preference for Insurance among Younger Population

11.2. Challenges

11.2.1. Rising Costs of Operations

11.2.2. Surging Competition

12. Impact of COVID-19 on Global Insurance Market

12.1. Impact Assessment Model

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

12.1.4. Key End User Impacted

13. Market Trends & Developments

13.1. Attractive marketing tactics

13.2. Rising focus towards Individual and Family category

13.3. Growing demand for digital platform

13.4. Rapid change in consumer habits

13.5. Surging demand in developing countries

14. Porter’s Five Forces Model

14.1. Competitive Rivalry

14.2. Bargaining Power of Buyers

14.3. Bargaining Power of Suppliers

14.4. Threat of New Entrants

14.1. Threat of Substitutes

15. SWOT Analysis

15.1. Strengths

15.2. Weaknesses

15.3. Opportunities

15.4. Threats

16. Competitive Landscape

16.1. Company Profiles

16.1.1. Berkshire Hathaway Inc.

16.1.1.1. Company Details

16.1.1.2. Products & Services

16.1.1.3. Financial (As Per Availability)

16.1.1.4. Key Market Focus & Geographical Presence

16.1.1.5. Recent Developments

16.1.1.6. Key Management Personnel

16.1.2. Ping An Insurance (Group) Company of China Ltd.

16.1.2.1. Company Details

16.1.2.2. Products & Services

16.1.2.3. Financial (As Per Availability)

16.1.2.4. Key Market Focus & Geographical Presence

16.1.2.5. Recent Developments

16.1.2.6. Key Management Personnel

16.1.3. China Life Insurance Company Limited

16.1.3.1. Company Details

16.1.3.2. Products & Services

16.1.3.3. Financial (As Per Availability)

16.1.3.4. Key Market Focus & Geographical Presence

16.1.3.5. Recent Developments

16.1.3.6. Key Management Personnel

16.1.4. Allianz SE

16.1.4.1. Company Details

16.1.4.2. Products & Services

16.1.4.3. Financial (As Per Availability)

16.1.4.4. Key Market Focus & Geographical Presence

16.1.4.5. Recent Developments

16.1.4.6. Key Management Personnel

16.1.5. AXA SA

16.1.5.1. Company Details

16.1.5.2. Products & Services

16.1.5.3. Financial (As Per Availability)

16.1.5.4. Key Market Focus & Geographical Presence

16.1.5.5. Recent Developments

16.1.5.6. Key Management Personnel

16.1.6. Assicurazioni Generali SPA

16.1.6.1. Company Details

16.1.6.2. Products & Services

16.1.6.3. Financial (As Per Availability)

16.1.6.4. Key Market Focus & Geographical Presence

16.1.6.5. Recent Developments

16.1.6.6. Key Management Personnel

16.1.7. Japan Post Holdings Co., Ltd.

16.1.7.1. Company Details

16.1.7.2. Products & Services

16.1.7.3. Financial (As Per Availability)

16.1.7.4. Key Market Focus & Geographical Presence

16.1.7.5. Recent Developments

16.1.7.6. Key Management Personnel

16.1.8. Life Insurance Corp. of India

16.1.8.1. Company Details

16.1.8.2. Products & Services

16.1.8.3. Financial (As Per Availability)

16.1.8.4. Key Market Focus & Geographical Presence

16.1.8.5. Recent Developments

16.1.8.6. Key Management Personnel

16.1.9. People's Insurance Co. of China Limited

16.1.9.1. Company Details

16.1.9.2. Products & Services

16.1.9.3. Financial (As Per Availability)

16.1.9.4. Key Market Focus & Geographical Presence

16.1.9.5. Recent Developments

16.1.9.6. Key Management Personnel

16.1.10. Munich Reinsurance Company

16.1.10.1. Company Details

16.1.10.2. Products & Services

16.1.10.3. Financial (As Per Availability)

16.1.10.4. Key Market Focus & Geographical Presence

16.1.10.5. Recent Developments

16.1.10.6. Key Management Personnel

17. Strategic Recommendations/Action Plan

17.1. Key Focus Areas

17.2. Target Insurance Type

17.3. Target Premium Type

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What is Insurance and its types?

Insurance is a method through which an individual can protect themselves and their family from a certain financial crisis. The insurance provider assumes the associated risk and provides insurance coverage for a set fee. There are many types of insurance policies. Life, health, homeowners, and auto are the most common forms of insurance.

Report Description

Table of content

Figures and Tables

Frequently asked questions

What is Insurance and its types?

Which are the biggest Insurance companies across the globe?

What causes the insurance sector's expansion?

What are the recent trends in insurance?

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Frequently asked questions

What is Insurance and its types?

Which are the biggest Insurance companies across the globe?

What causes the insurance sector's expansion?

What are the recent trends in insurance?

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