Life Insurance in North America - Market Summary, Competitive Analysis and Forecast to 2025
Life Insurance in North America - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Life Insurance in North America 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
Life Insurance in North America 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 value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The North American life insurance market had total gross written premiums of $690.6bn in 2020, representing a compound annual growth rate (CAGR) of 3.3% between 2016 and 2020.
- The Pension/Annuity segment was the market's most lucrative in 2020, with total gross written premiums of $413.1bn, equivalent to 59.8% of the market's overall value.
- The COVID-19 pandemic, which first took hold in North America in early 2020, has had a dramatic impact on the life insurance market, with cuts to interest rates affecting life insurance companies’ profits.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in North America
- 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 North America life insurance market with five year forecasts
- What was the size of the North America life insurance market by value in 2020?
- What will be the size of the North America life insurance market in 2025?
- What factors are affecting the strength of competition in the North America life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up North America'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 leading players follow?
7.4. What has been the most significant M&A activity this year?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. New York Life Insurance Co
8.2. The Northwestern Mutual Life Insurance Co
8.3. MetLife Inc
8.4. Prudential Financial 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. What has been the most significant M&A activity this year?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. New York Life Insurance Co
8.2. The Northwestern Mutual Life Insurance Co
8.3. MetLife Inc
8.4. Prudential Financial 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: North America life insurance market value: $ billion, 2016-20
Table 2: North America life insurance market category segmentation: $ billion, 2020
Table 3: North America life insurance market geography segmentation: $ billion, 2020
Table 4: North America life insurance market value forecast: $ billion, 2020-25
Table 5: North America life insurance market share: % share, by value, 2020
Table 6: New York Life Insurance Co: key facts
Table 7: New York Life Insurance Co: Key Employees
Table 8: New York Life Insurance Co: Key Employees Continued
Table 9: The Northwestern Mutual Life Insurance Co: key facts
Table 10: The Northwestern Mutual Life Insurance Co: Key Employees
Table 11: MetLife Inc: key facts
Table 12: MetLife Inc: Annual Financial Ratios
Table 13: MetLife Inc: Key Employees
Table 14: MetLife Inc: Key Employees Continued
Table 15: Prudential Financial Inc: key facts
Table 16: Prudential Financial Inc: Annual Financial Ratios
Table 17: Prudential Financial Inc: Key Employees
Table 18: Prudential Financial Inc: Key Employees Continued
Table 19: North America exchange rate, 2016-20
Table 1: North America life insurance market value: $ billion, 2016-20
Table 2: North America life insurance market category segmentation: $ billion, 2020
Table 3: North America life insurance market geography segmentation: $ billion, 2020
Table 4: North America life insurance market value forecast: $ billion, 2020-25
Table 5: North America life insurance market share: % share, by value, 2020
Table 6: New York Life Insurance Co: key facts
Table 7: New York Life Insurance Co: Key Employees
Table 8: New York Life Insurance Co: Key Employees Continued
Table 9: The Northwestern Mutual Life Insurance Co: key facts
Table 10: The Northwestern Mutual Life Insurance Co: Key Employees
Table 11: MetLife Inc: key facts
Table 12: MetLife Inc: Annual Financial Ratios
Table 13: MetLife Inc: Key Employees
Table 14: MetLife Inc: Key Employees Continued
Table 15: Prudential Financial Inc: key facts
Table 16: Prudential Financial Inc: Annual Financial Ratios
Table 17: Prudential Financial Inc: Key Employees
Table 18: Prudential Financial Inc: Key Employees Continued
Table 19: North America exchange rate, 2016-20
LIST OF FIGURES
Figure 1: North America life insurance market value: $ billion, 2016-20
Figure 2: North America life insurance market category segmentation: % share, by value, 2020
Figure 3: North America life insurance market geography segmentation: % share, by value, 2020
Figure 4: North America life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in North America, 2020
Figure 6: Drivers of buyer power in the life insurance market in North America, 2020
Figure 7: Drivers of supplier power in the life insurance market in North America, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in North America, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in North America, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in North America, 2020
Figure 11: North America life insurance market share: % share, by value, 2020
Figure 1: North America life insurance market value: $ billion, 2016-20
Figure 2: North America life insurance market category segmentation: % share, by value, 2020
Figure 3: North America life insurance market geography segmentation: % share, by value, 2020
Figure 4: North America life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in North America, 2020
Figure 6: Drivers of buyer power in the life insurance market in North America, 2020
Figure 7: Drivers of supplier power in the life insurance market in North America, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in North America, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in North America, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in North America, 2020
Figure 11: North America life insurance market share: % share, by value, 2020
