Global Non-Life Insurance - Market Summary, Competitive Analysis and Forecast to 2025
Global Non-Life Insurance - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Global Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: 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
SUMMARY
Global Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: 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 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.
- The global non-life insurance market had total gross written premiums of $3,405.6bn in 2020, representing a compound annual growth rate (CAGR) of 4.8% between 2016 and 2020.
- The motor segment was the market's most lucrative in 2020, with total gross written premiums of $979.0bn, equivalent to 28.7% of the market's overall value.
- The COVID-19 pandemic, which first emerged in China in late 2019 and spread across the rest of the world in early 2020, has had a significant impact on the non-life insurance market. Cuts to interest rates have hampered insurance companies’ profits, and there has been a reduction in demand for certain types of insurance, such as motor and travel, amid pandemic-mandated nationwide lockdown restrictions.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global non-life insurance market
- 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 Global non-life insurance market with five year forecasts by both value and volume
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- What will be the size of the Global make-up market in 2025?
- What factors are affecting the strength of competition in the Global make-up market?
- How has the market performed over the last five years?
- Who are the top competitors in the global's make-up 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 leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. The People's Insurance Company (Group) of China Ltd
8.2. State Farm Mutual Automobile Insurance Co
8.3. AXA SA
8.4. Allianz SE
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. 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 leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. The People's Insurance Company (Group) of China Ltd
8.2. State Farm Mutual Automobile Insurance Co
8.3. AXA SA
8.4. Allianz SE
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Global non-life insurance market value: $ billion, 2016–20
Table 2: Global non–life insurance market category segmentation: $ billion, 2020
Table 3: Global non–life insurance market geography segmentation: $ billion, 2020
Table 4: Global non-life insurance market value forecast: $ billion, 2020–25
Table 5: Global non-life insurance market share: % share, by value, 2020
Table 6: The People's Insurance Company (Group) of China Ltd: key facts
Table 7: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
Table 8: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 9: State Farm Mutual Automobile Insurance Co: key facts
Table 10: State Farm Mutual Automobile Insurance Co: Key Employees
Table 11: AXA SA: key facts
Table 12: AXA SA: Annual Financial Ratios
Table 13: AXA SA: Key Employees
Table 14: AXA SA: Key Employees Continued
Table 15: AXA SA: Key Employees Continued
Table 16: Allianz SE: key facts
Table 17: Allianz SE: Annual Financial Ratios
Table 18: Allianz SE: Key Employees
Table 19: Allianz SE: Key Employees Continued
Table 20: Global exchange rate, 2016–20
Table 1: Global non-life insurance market value: $ billion, 2016–20
Table 2: Global non–life insurance market category segmentation: $ billion, 2020
Table 3: Global non–life insurance market geography segmentation: $ billion, 2020
Table 4: Global non-life insurance market value forecast: $ billion, 2020–25
Table 5: Global non-life insurance market share: % share, by value, 2020
Table 6: The People's Insurance Company (Group) of China Ltd: key facts
Table 7: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
Table 8: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 9: State Farm Mutual Automobile Insurance Co: key facts
Table 10: State Farm Mutual Automobile Insurance Co: Key Employees
Table 11: AXA SA: key facts
Table 12: AXA SA: Annual Financial Ratios
Table 13: AXA SA: Key Employees
Table 14: AXA SA: Key Employees Continued
Table 15: AXA SA: Key Employees Continued
Table 16: Allianz SE: key facts
Table 17: Allianz SE: Annual Financial Ratios
Table 18: Allianz SE: Key Employees
Table 19: Allianz SE: Key Employees Continued
Table 20: Global exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Global non-life insurance market value: $ billion, 2016–20
Figure 2: Global non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Global non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: Global non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the global non-life insurance market, 2020
Figure 6: Drivers of buyer power in the global non-life insurance market, 2020
Figure 7: Drivers of supplier power in the global non-life insurance market, 2020
Figure 8: Factors influencing the likelihood of new entrants in the global non-life insurance market, 2020
Figure 9: Factors influencing the threat of substitutes in the global non-life insurance market, 2020
Figure 10: Drivers of degree of rivalry in the global non-life insurance market, 2020
Figure 11: Global non-life insurance market share: % share, by value, 2020
Figure 1: Global non-life insurance market value: $ billion, 2016–20
Figure 2: Global non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Global non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: Global non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the global non-life insurance market, 2020
Figure 6: Drivers of buyer power in the global non-life insurance market, 2020
Figure 7: Drivers of supplier power in the global non-life insurance market, 2020
Figure 8: Factors influencing the likelihood of new entrants in the global non-life insurance market, 2020
Figure 9: Factors influencing the threat of substitutes in the global non-life insurance market, 2020
Figure 10: Drivers of degree of rivalry in the global non-life insurance market, 2020
Figure 11: Global non-life insurance market share: % share, by value, 2020
