Non-Life Insurance in Asia-Pacific - Market Summary, Competitive Analysis and Forecast to 2025
Non-Life Insurance in Asia-Pacific - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Non-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
SUMMARY
Non-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 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 Asia-Pacific non-life insurance market had total gross written premiums of $660.1bn in 2020, representing a compound annual growth rate (CAGR) of 6.9% between 2016 and 2020.
- The motor segment was the market's most lucrative in 2020, with total gross written premiums of $300.1bn, equivalent to 45.5% 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 Asia-Pacific region in early 2020, has had a severe impact on the non-life insurance market, with cuts to interest rates affecting insurance companies’ profits.
- 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 by both value and volume
- What was the size of the Asia-Pacific automotive aftermarket market by value in 2020?
- What will be the size of the Asia-Pacific automotive aftermarket market in 2025?
- What factors are affecting the strength of competition in the Asia-Pacific automotive aftermarket market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's automotive aftermarket 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. How are leading players incorporating new technology into their business strategies?
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. Ping An Insurance (Group) Company of China, Ltd.
8.3. MS&AD Insurance Group Holdings, Inc.
8.4. Tokio Marine Holdings Inc
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. How are leading players incorporating new technology into their business strategies?
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. Ping An Insurance (Group) Company of China, Ltd.
8.3. MS&AD Insurance Group Holdings, Inc.
8.4. Tokio Marine Holdings Inc
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: Asia-Pacific non-life insurance market value: $ billion, 2016–20
Table 2: Asia–Pacific non–life insurance market category segmentation: $ billion, 2020
Table 3: Asia–Pacific non–life insurance market geography segmentation: $ billion, 2020
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
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: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 10: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 11: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 12: MS&AD Insurance Group Holdings, Inc.: key facts
Table 13: MS&AD Insurance Group Holdings, Inc.: Annual Financial Ratios
Table 14: MS&AD Insurance Group Holdings, Inc.: Key Employees
Table 15: MS&AD Insurance Group Holdings, Inc.: Key Employees Continued
Table 16: Tokio Marine Holdings Inc: key facts
Table 17: Tokio Marine Holdings Inc: Annual Financial Ratios
Table 18: Tokio Marine Holdings Inc: Key Employees
Table 19: Tokio Marine Holdings Inc: Key Employees Continued
Table 20: Asia-Pacific exchange rate, 2016–20
Table 1: Asia-Pacific non-life insurance market value: $ billion, 2016–20
Table 2: Asia–Pacific non–life insurance market category segmentation: $ billion, 2020
Table 3: Asia–Pacific non–life insurance market geography segmentation: $ billion, 2020
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
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: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 10: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 11: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 12: MS&AD Insurance Group Holdings, Inc.: key facts
Table 13: MS&AD Insurance Group Holdings, Inc.: Annual Financial Ratios
Table 14: MS&AD Insurance Group Holdings, Inc.: Key Employees
Table 15: MS&AD Insurance Group Holdings, Inc.: Key Employees Continued
Table 16: Tokio Marine Holdings Inc: key facts
Table 17: Tokio Marine Holdings Inc: Annual Financial Ratios
Table 18: Tokio Marine Holdings Inc: Key Employees
Table 19: Tokio Marine Holdings Inc: Key Employees Continued
Table 20: Asia-Pacific exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Asia-Pacific non-life insurance market value: $ billion, 2016–20
Figure 2: Asia–Pacific non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Asia–Pacific non–life insurance market geography segmentation: % share, by value, 2020
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
Figure 1: Asia-Pacific non-life insurance market value: $ billion, 2016–20
Figure 2: Asia–Pacific non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Asia–Pacific non–life insurance market geography segmentation: % share, by value, 2020
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
