Non-Life Insurance in Asia-Pacific
Non-Life Insurance in Asia-Pacific
Summary
Non-Life Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Non-Life Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2019 annual average exchange rates.
- The Asia-Pacific non-life insurance market is expected to generate total gross written premiums of $591.4bn in 2020, representing a compound annual growth rate (CAGR) of 4.1% between 2016 and 2020.
- The motor segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $258.2bn, equivalent to 43.7% of the market's overall value.
- High levels of household disposable income, alongside lower consumer confidence in 2020, will boost sales for non-life insurance products; however, low interest rates will keep profits low.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Asia-Pacific
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific non-life insurance market with five year forecasts
- What was the size of the Asia-Pacific non-life insurance market by value in 2020?
- What will be the size of the Asia-Pacific non-life insurance market in 2025?
- What factors are affecting the strength of competition in the Asia-Pacific non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's non-life insurance market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the sector?
8 COMPANY PROFILES
8.1. The People's Insurance Company (Group) of China Ltd
8.2. Tokio Marine Holdings Inc
8.3. Ping An Insurance (Group) Company of China, Ltd.
8.4. MS&AD Insurance Group Holdings, Inc.
9 APPENDIX
9.1. Methodology
9.2. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the sector?
8 COMPANY PROFILES
8.1. The People's Insurance Company (Group) of China Ltd
8.2. Tokio Marine Holdings Inc
8.3. Ping An Insurance (Group) Company of China, Ltd.
8.4. MS&AD Insurance Group Holdings, Inc.
9 APPENDIX
9.1. Methodology
9.2. About MarketLine
LIST OF TABLES
Table 1: Asia-Pacific non-life insurance market value: $ billion, 2016-20(e)
Table 2: Asia-Pacific non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: Asia-Pacific non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Asia-Pacific non-life insurance market value forecast: $ billion, 2020-25
Table 5: Asia-Pacific non-life insurance market share: % share, by value, 2020(e)
Table 6: The People's Insurance Company (Group) of China Ltd: key facts
Table 7: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 8: Tokio Marine Holdings Inc: key facts
Table 9: Tokio Marine Holdings Inc: Key Employees
Table 10: Tokio Marine Holdings Inc: Key Employees Continued
Table 11: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 12: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 13: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 14: MS&AD Insurance Group Holdings, Inc.: key facts
Table 15: MS&AD Insurance Group Holdings, Inc.: Key Employees
Table 16: MS&AD Insurance Group Holdings, Inc.: Key Employees Continued
Table 1: Asia-Pacific non-life insurance market value: $ billion, 2016-20(e)
Table 2: Asia-Pacific non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: Asia-Pacific non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Asia-Pacific non-life insurance market value forecast: $ billion, 2020-25
Table 5: Asia-Pacific non-life insurance market share: % share, by value, 2020(e)
Table 6: The People's Insurance Company (Group) of China Ltd: key facts
Table 7: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 8: Tokio Marine Holdings Inc: key facts
Table 9: Tokio Marine Holdings Inc: Key Employees
Table 10: Tokio Marine Holdings Inc: Key Employees Continued
Table 11: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 12: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 13: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 14: MS&AD Insurance Group Holdings, Inc.: key facts
Table 15: MS&AD Insurance Group Holdings, Inc.: Key Employees
Table 16: MS&AD Insurance Group Holdings, Inc.: Key Employees Continued
LIST OF FIGURES
Figure 1: Asia-Pacific non-life insurance market value: $ billion, 2016-20(e)
Figure 2: Asia-Pacific non-life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Asia-Pacific non-life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Asia-Pacific non-life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the non-life insurance market in Asia-Pacific, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Asia-Pacific, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Asia-Pacific, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Asia-Pacific, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Asia-Pacific, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Asia-Pacific, 2020
Figure 11: Asia-Pacific non-life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
The People's Insurance Company (Group) of China Ltd
Tokio Marine Holdings Inc
Ping An Insurance (Group) Company of China, Ltd.
MS&AD Insurance Group Holdings, Inc.
Figure 1: Asia-Pacific non-life insurance market value: $ billion, 2016-20(e)
Figure 2: Asia-Pacific non-life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Asia-Pacific non-life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Asia-Pacific non-life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the non-life insurance market in Asia-Pacific, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Asia-Pacific, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Asia-Pacific, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Asia-Pacific, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Asia-Pacific, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Asia-Pacific, 2020
Figure 11: Asia-Pacific non-life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
The People's Insurance Company (Group) of China Ltd
Tokio Marine Holdings Inc
Ping An Insurance (Group) Company of China, Ltd.
MS&AD Insurance Group Holdings, Inc.
