Life Insurance North America (NAFTA) Industry Guide 2016-2025
Life Insurance North America (NAFTA) Industry Guide 2016-2025
SUMMARY
The NAFTA Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, 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
The NAFTA Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, 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 North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The life insurance industry within the NAFTA countries had a total market value of $670.2 billion in 2020.The Mexico was the fastest growing country, with a CAGR of 5.7% over the 2016-20 period.
- Within the life insurance industry, the US is the leading country among the NAFTA bloc, with market revenues of $606.2 billion in 2020. This was followed by Canada and Mexico, with a value of $50.5 and $13.5 billion, respectively.
- The US is expected to lead the life insurance industry in the NAFTA bloc, with a value of $771.8 billion in 2025, followed by Canada and Mexico with expected values of $65.4 and $17.7 billion, respectively.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the NAFTA life insurance market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA life insurance market
- Leading company profiles reveal details of key life insurance market players’ NAFTA operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA life insurance market with five year forecasts
- Compares data from the US, Canada and Mexico, alongside individual chapters on each country
- What was the size of the NAFTA life insurance market by value in 2020?
- What will be the size of the NAFTA life insurance market in 2025?
- What factors are affecting the strength of competition in the NAFTA life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in the NAFTA life insurance market?
1 INTRODUCTION
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 NAFTA LIFE INSURANCE
2.1. Industry Outlook
3 LIFE INSURANCE IN CANADA
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 MACROECONOMIC INDICATORS
4.1. Country data
5 LIFE INSURANCE IN MEXICO
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 MACROECONOMIC INDICATORS
6.1. Country data
7 LIFE INSURANCE IN THE UNITED STATES
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 MACROECONOMIC INDICATORS
8.1. Country data
9 COMPANY PROFILES
9.1. W. R. Berkley Corp
9.2. Globe Life Inc
9.3. Chubb Ltd
9.4. Grupo Nacional Provincial SAB
9.5. AXA SA
9.6. Grupo Financiero Banorte SAB de CV
9.7. New York Life Insurance Co
9.8. MetLife Inc
9.9. Prudential Financial Inc
9.10. The Northwestern Mutual Life Insurance Co
10 APPENDIX
10.1. Methodology
10.2. About MarketLine
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 NAFTA LIFE INSURANCE
2.1. Industry Outlook
3 LIFE INSURANCE IN CANADA
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 MACROECONOMIC INDICATORS
4.1. Country data
5 LIFE INSURANCE IN MEXICO
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 MACROECONOMIC INDICATORS
6.1. Country data
7 LIFE INSURANCE IN THE UNITED STATES
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 MACROECONOMIC INDICATORS
8.1. Country data
9 COMPANY PROFILES
9.1. W. R. Berkley Corp
9.2. Globe Life Inc
9.3. Chubb Ltd
9.4. Grupo Nacional Provincial SAB
9.5. AXA SA
9.6. Grupo Financiero Banorte SAB de CV
9.7. New York Life Insurance Co
9.8. MetLife Inc
9.9. Prudential Financial Inc
9.10. The Northwestern Mutual Life Insurance Co
10 APPENDIX
10.1. Methodology
10.2. About MarketLine
LIST OF TABLES
Table 1: NAFTA countries life insurance industry, revenue ($bn), 2016-25
Table 2: NAFTA countries life insurance industry, revenue ($bn), 2016-20
Table 3: NAFTA countries life insurance industry forecast, revenue ($bn), 2020-25
Table 4: Canada life insurance market value: $ billion, 2016-20
Table 5: Canada life insurance market category segmentation: $ billion, 2020
Table 6: Canada life insurance market geography segmentation: $ billion, 2020
Table 7: Canada life insurance market share: % share, by value, 2020
Table 8: Canada life insurance market value forecast: $ billion, 2020-25
Table 9: Canada size of population (million), 2016-20
Table 10: Canada gdp (constant 2005 prices, $ billion), 2016-20
Table 11: Canada gdp (current prices, $ billion), 2016-20
Table 12: Canada inflation, 2016-20
Table 13: Canada consumer price index (absolute), 2016-20
Table 14: Canada exchange rate, 2016-20
Table 15: Mexico life insurance market value: $ billion, 2016-20
Table 16: Mexico life insurance market category segmentation: $ billion, 2020
Table 17: Mexico life insurance market geography segmentation: $ billion, 2020
Table 18: Mexico life insurance market share: % share, by value, 2020
Table 19: Mexico life insurance market value forecast: $ billion, 2020-25
Table 20: Mexico size of population (million), 2016-20
Table 21: Mexico gdp (constant 2005 prices, $ billion), 2016-20
Table 22: Mexico gdp (current prices, $ billion), 2016-20
Table 23: Mexico inflation, 2016-20
Table 24: Mexico consumer price index (absolute), 2016-20
Table 25: Mexico exchange rate, 2016-20
Table 26: United States life insurance market value: $ billion, 2016-20
Table 27: United States life insurance market category segmentation: $ billion, 2020
Table 28: United States life insurance market geography segmentation: $ billion, 2020
Table 29: United States life insurance market share: % share, by value, 2020
Table 30: United States life insurance market value forecast: $ billion, 2020-25
Table 31: United States size of population (million), 2016-20
Table 32: United States gdp (constant 2005 prices, $ billion), 2016-20
Table 33: United States gdp (current prices, $ billion), 2016-20
Table 34: United States inflation, 2016-20
Table 35: United States consumer price index (absolute), 2016-20
Table 36: United States exchange rate, 2016-20
Table 37: W. R. Berkley Corp: key facts
Table 38: W. R. Berkley Corp: Annual Financial Ratios
Table 39: W. R. Berkley Corp: Key Employees
Table 40: W. R. Berkley Corp: Key Employees Continued
Table 41: W. R. Berkley Corp: Key Employees Continued
Table 42: W. R. Berkley Corp: Key Employees Continued
Table 43: Globe Life Inc: key facts
Table 44: Globe Life Inc: Annual Financial Ratios
Table 45: Globe Life Inc: Key Employees
Table 46: Globe Life Inc: Key Employees Continued
Table 47: Chubb Ltd: key facts
Table 48: Chubb Ltd: Annual Financial Ratios
Table 49: Chubb Ltd: Key Employees
Table 50: Chubb Ltd: Key Employees Continued
Table 51: Chubb Ltd: Key Employees Continued
Table 52: Chubb Ltd: Key Employees Continued
Table 53: Grupo Nacional Provincial SAB: key facts
Table 54: Grupo Nacional Provincial SAB: Key Employees
Table 55: AXA SA: key facts
Table 56: AXA SA: Annual Financial Ratios
Table 57: AXA SA: Key Employees
Table 58: AXA SA: Key Employees Continued
Table 59: AXA SA: Key Employees Continued
Table 60: Grupo Financiero Banorte SAB de CV: key facts
Table 1: NAFTA countries life insurance industry, revenue ($bn), 2016-25
Table 2: NAFTA countries life insurance industry, revenue ($bn), 2016-20
Table 3: NAFTA countries life insurance industry forecast, revenue ($bn), 2020-25
Table 4: Canada life insurance market value: $ billion, 2016-20
Table 5: Canada life insurance market category segmentation: $ billion, 2020
Table 6: Canada life insurance market geography segmentation: $ billion, 2020
Table 7: Canada life insurance market share: % share, by value, 2020
Table 8: Canada life insurance market value forecast: $ billion, 2020-25
Table 9: Canada size of population (million), 2016-20
Table 10: Canada gdp (constant 2005 prices, $ billion), 2016-20
Table 11: Canada gdp (current prices, $ billion), 2016-20
Table 12: Canada inflation, 2016-20
Table 13: Canada consumer price index (absolute), 2016-20
Table 14: Canada exchange rate, 2016-20
Table 15: Mexico life insurance market value: $ billion, 2016-20
Table 16: Mexico life insurance market category segmentation: $ billion, 2020
Table 17: Mexico life insurance market geography segmentation: $ billion, 2020
Table 18: Mexico life insurance market share: % share, by value, 2020
Table 19: Mexico life insurance market value forecast: $ billion, 2020-25
Table 20: Mexico size of population (million), 2016-20
Table 21: Mexico gdp (constant 2005 prices, $ billion), 2016-20
Table 22: Mexico gdp (current prices, $ billion), 2016-20
Table 23: Mexico inflation, 2016-20
Table 24: Mexico consumer price index (absolute), 2016-20
Table 25: Mexico exchange rate, 2016-20
Table 26: United States life insurance market value: $ billion, 2016-20
Table 27: United States life insurance market category segmentation: $ billion, 2020
Table 28: United States life insurance market geography segmentation: $ billion, 2020
Table 29: United States life insurance market share: % share, by value, 2020
Table 30: United States life insurance market value forecast: $ billion, 2020-25
Table 31: United States size of population (million), 2016-20
Table 32: United States gdp (constant 2005 prices, $ billion), 2016-20
Table 33: United States gdp (current prices, $ billion), 2016-20
Table 34: United States inflation, 2016-20
Table 35: United States consumer price index (absolute), 2016-20
Table 36: United States exchange rate, 2016-20
Table 37: W. R. Berkley Corp: key facts
Table 38: W. R. Berkley Corp: Annual Financial Ratios
Table 39: W. R. Berkley Corp: Key Employees
Table 40: W. R. Berkley Corp: Key Employees Continued
Table 41: W. R. Berkley Corp: Key Employees Continued
Table 42: W. R. Berkley Corp: Key Employees Continued
Table 43: Globe Life Inc: key facts
Table 44: Globe Life Inc: Annual Financial Ratios
Table 45: Globe Life Inc: Key Employees
Table 46: Globe Life Inc: Key Employees Continued
Table 47: Chubb Ltd: key facts
Table 48: Chubb Ltd: Annual Financial Ratios
Table 49: Chubb Ltd: Key Employees
Table 50: Chubb Ltd: Key Employees Continued
Table 51: Chubb Ltd: Key Employees Continued
Table 52: Chubb Ltd: Key Employees Continued
Table 53: Grupo Nacional Provincial SAB: key facts
Table 54: Grupo Nacional Provincial SAB: Key Employees
Table 55: AXA SA: key facts
Table 56: AXA SA: Annual Financial Ratios
Table 57: AXA SA: Key Employees
Table 58: AXA SA: Key Employees Continued
Table 59: AXA SA: Key Employees Continued
Table 60: Grupo Financiero Banorte SAB de CV: key facts
LIST OF FIGURES
Figure 1: NAFTA countries life insurance industry, revenue ($bn), 2016-25
Figure 2: NAFTA countries life insurance industry, revenue ($bn), 2016-20
Figure 3: NAFTA countries life insurance industry forecast, revenue ($bn), 2020-25
Figure 4: Canada life insurance market value: $ billion, 2016-20
Figure 5: Canada life insurance market category segmentation: % share, by value, 2020
Figure 6: Canada life insurance market geography segmentation: % share, by value, 2020
Figure 7: Canada life insurance market share: % share, by value, 2020
Figure 8: Canada life insurance market value forecast: $ billion, 2020-25
Figure 9: Forces driving competition in the life insurance market in Canada, 2020
Figure 10: Drivers of buyer power in the life insurance market in Canada, 2020
Figure 11: Drivers of supplier power in the life insurance market in Canada, 2020
Figure 12: Factors influencing the likelihood of new entrants in the life insurance market in Canada, 2020
Figure 13: Factors influencing the threat of substitutes in the life insurance market in Canada, 2020
Figure 14: Drivers of degree of rivalry in the life insurance market in Canada, 2020
Figure 15: Mexico life insurance market value: $ billion, 2016-20
Figure 16: Mexico life insurance market category segmentation: % share, by value, 2020
Figure 17: Mexico life insurance market geography segmentation: % share, by value, 2020
Figure 18: Mexico life insurance market share: % share, by value, 2020
Figure 19: Mexico life insurance market value forecast: $ billion, 2020-25
Figure 20: Forces driving competition in the life insurance market in Mexico, 2020
Figure 21: Drivers of buyer power in the life insurance market in Mexico, 2020
Figure 22: Drivers of supplier power in the life insurance market in Mexico, 2020
Figure 23: Factors influencing the likelihood of new entrants in the life insurance market in Mexico, 2020
Figure 24: Factors influencing the threat of substitutes in the life insurance market in Mexico, 2020
Figure 25: Drivers of degree of rivalry in the life insurance market in Mexico, 2020
Figure 26: United States life insurance market value: $ billion, 2016-20
Figure 27: United States life insurance market category segmentation: % share, by value, 2020
Figure 28: United States life insurance market geography segmentation: % share, by value, 2020
Figure 29: United States life insurance market share: % share, by value, 2020
Figure 30: United States life insurance market value forecast: $ billion, 2020-25
Figure 31: Forces driving competition in the life insurance market in the United States, 2020
Figure 32: Drivers of buyer power in the life insurance market in the United States, 2020
Figure 33: Drivers of supplier power in the life insurance market in the United States, 2020
Figure 34: Factors influencing the likelihood of new entrants in the life insurance market in the United States, 2020
Figure 35: Factors influencing the threat of substitutes in the life insurance market in the United States, 2020
Figure 36: Drivers of degree of rivalry in the life insurance market in the United States, 2020
Figure 1: NAFTA countries life insurance industry, revenue ($bn), 2016-25
Figure 2: NAFTA countries life insurance industry, revenue ($bn), 2016-20
Figure 3: NAFTA countries life insurance industry forecast, revenue ($bn), 2020-25
Figure 4: Canada life insurance market value: $ billion, 2016-20
Figure 5: Canada life insurance market category segmentation: % share, by value, 2020
Figure 6: Canada life insurance market geography segmentation: % share, by value, 2020
Figure 7: Canada life insurance market share: % share, by value, 2020
Figure 8: Canada life insurance market value forecast: $ billion, 2020-25
Figure 9: Forces driving competition in the life insurance market in Canada, 2020
Figure 10: Drivers of buyer power in the life insurance market in Canada, 2020
Figure 11: Drivers of supplier power in the life insurance market in Canada, 2020
Figure 12: Factors influencing the likelihood of new entrants in the life insurance market in Canada, 2020
Figure 13: Factors influencing the threat of substitutes in the life insurance market in Canada, 2020
Figure 14: Drivers of degree of rivalry in the life insurance market in Canada, 2020
Figure 15: Mexico life insurance market value: $ billion, 2016-20
Figure 16: Mexico life insurance market category segmentation: % share, by value, 2020
Figure 17: Mexico life insurance market geography segmentation: % share, by value, 2020
Figure 18: Mexico life insurance market share: % share, by value, 2020
Figure 19: Mexico life insurance market value forecast: $ billion, 2020-25
Figure 20: Forces driving competition in the life insurance market in Mexico, 2020
Figure 21: Drivers of buyer power in the life insurance market in Mexico, 2020
Figure 22: Drivers of supplier power in the life insurance market in Mexico, 2020
Figure 23: Factors influencing the likelihood of new entrants in the life insurance market in Mexico, 2020
Figure 24: Factors influencing the threat of substitutes in the life insurance market in Mexico, 2020
Figure 25: Drivers of degree of rivalry in the life insurance market in Mexico, 2020
Figure 26: United States life insurance market value: $ billion, 2016-20
Figure 27: United States life insurance market category segmentation: % share, by value, 2020
Figure 28: United States life insurance market geography segmentation: % share, by value, 2020
Figure 29: United States life insurance market share: % share, by value, 2020
Figure 30: United States life insurance market value forecast: $ billion, 2020-25
Figure 31: Forces driving competition in the life insurance market in the United States, 2020
Figure 32: Drivers of buyer power in the life insurance market in the United States, 2020
Figure 33: Drivers of supplier power in the life insurance market in the United States, 2020
Figure 34: Factors influencing the likelihood of new entrants in the life insurance market in the United States, 2020
Figure 35: Factors influencing the threat of substitutes in the life insurance market in the United States, 2020
Figure 36: Drivers of degree of rivalry in the life insurance market in the United States, 2020
