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Life Insurance in Asia-Pacific

December 2020 | 38 pages | ID: L36CC6A8924EN
MarketLine

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Life Insurance in Asia-Pacific

Summary

Life Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2019 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
  • The Asia-Pacific life insurance market is expected to generate total gross written premiums of $1,068.3bn in 2020, representing a compound annual growth rate (CAGR) of 1.9% between 2016 and 2020.
  • The life insurance segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $853.1bn, equivalent to 79.9% of the market's overall value.
  • One of the main drivers of life insurance spending is consumer confidence. If consumers are confident in their economic ability and the long-term economic prospects of their country, then they are very unlikely to buy life insurance.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Asia-Pacific
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Asia-Pacific
  • Leading company profiles reveal details of key 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 life insurance market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Asia-Pacific life insurance market by value in 2020?
  • What will be the size of the Asia-Pacific life insurance market in 2025?
  • What factors are affecting the strength of competition in the Asia-Pacific life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Asia-Pacific's 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 market?

8 COMPANY PROFILES

8.1. China Life Insurance Co Ltd
8.2. Ping An Insurance (Group) Company of China, Ltd.
8.3. China Pacific Insurance (Group) Co Ltd
8.4. Dai-ichi Life Holdings, Inc.

9 APPENDIX

9.1. Methodology
9.2. About MarketLine

LIST OF TABLES

Table 1: Asia-Pacific life insurance market value: $ billion, 2016-20(e)
Table 2: Asia-Pacific life insurance market category segmentation: $ billion, 2020(e)
Table 3: Asia-Pacific life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Asia-Pacific life insurance market value forecast: $ billion, 2020-25
Table 5: Asia-Pacific life insurance market share: % share, by value, 2020(e)
Table 6: China Life Insurance Co Ltd: key facts
Table 7: China Life Insurance Co Ltd: Key Employees
Table 8: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 9: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 10: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 11: China Pacific Insurance (Group) Co Ltd: key facts
Table 12: China Pacific Insurance (Group) Co Ltd: Key Employees
Table 13: Dai-ichi Life Holdings, Inc.: key facts
Table 14: Dai-ichi Life Holdings, Inc.: Key Employees

LIST OF FIGURES

Figure 1: Asia-Pacific life insurance market value: $ billion, 2016-20(e)
Figure 2: Asia-Pacific life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Asia-Pacific life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Asia-Pacific life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Asia-Pacific, 2020
Figure 6: Drivers of buyer power in the life insurance market in Asia-Pacific, 2020
Figure 7: Drivers of supplier power in the life insurance market in Asia-Pacific, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2020
Figure 11: Asia-Pacific life insurance market share: % share, by value, 2020(e)

COMPANIES MENTIONED

China Life Insurance Co Ltd
Ping An Insurance (Group) Company of China, Ltd.
China Pacific Insurance (Group) Co Ltd
Dai-ichi Life Holdings, Inc.


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