Asia-Pacific Life Insurance Market to 2027
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Asia-Pacific Life Insurance Market to 2027
Summary
Life Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). 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 Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The market is segmented into Life Insurance and Pension/Annuity.
- The Asia-Pacific life insurance market had total gross written premiums of $1,039.2 billion in 2022, representing a compound annual growth rate (CAGR) of 1% between 2017 and 2022.
- The life insurance segment accounted for the market's largest proportion in 2022, with total gross written premiums of $919.4 billion, equivalent to 88.5% of the market's overall value.
- Life insurance coverage in countries such as China, India, and Indonesia is relatively low as compared to Japan. According to in-house research, in 2022, life insurance penetration (ratio of premiums to GDP) in China, India, and Japan was 2.7%, 3.1%, and 5.3%, respectively.
- 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
- What was the size of the Asia-Pacific life insurance market by value in 2022?
- What will be the size of the Asia-Pacific life insurance market in 2027?
- 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 are the strengths of the leading players?
8 COMPANY PROFILES
8.1. China Life Insurance Co Ltd
8.2. Dai-ichi Life Holdings Inc
8.3. Nippon Life Insurance Co
8.4. Ping An Insurance (Group) Company of China, Ltd.
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 the leading players follow?
7.4. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. China Life Insurance Co Ltd
8.2. Dai-ichi Life Holdings Inc
8.3. Nippon Life Insurance Co
8.4. Ping An Insurance (Group) Company of China, Ltd.
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 life insurance market value: $ billion, 2017–22
Table 2: Asia–Pacific life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Asia-Pacific life insurance market category segmentation: $ billion, 2017-2022
Table 4: Asia–Pacific life insurance market geography segmentation: $ billion, 2018–2022
Table 5: Asia-Pacific life insurance market value forecast: $ billion, 2022–27
Table 6: Asia-Pacific life insurance market share: % share, by value, 2022
Table 7: China Life Insurance Co Ltd: key facts
Table 8: China Life Insurance Co Ltd: Key Employees
Table 9: China Life Insurance Co Ltd: Key Employees Continued
Table 10: Dai-ichi Life Holdings Inc: key facts
Table 11: Dai-ichi Life Holdings Inc: Annual Financial Ratios
Table 12: Dai-ichi Life Holdings Inc: Key Employees
Table 13: Dai-ichi Life Holdings Inc: Key Employees Continued
Table 14: Nippon Life Insurance Co: key facts
Table 15: Nippon Life Insurance Co: Key Employees
Table 16: Nippon Life Insurance Co: Key Employees Continued
Table 17: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 18: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 19: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 20: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 21: Asia-Pacific exchange rate, 2018–22
Table 1: Asia-Pacific life insurance market value: $ billion, 2017–22
Table 2: Asia–Pacific life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Asia-Pacific life insurance market category segmentation: $ billion, 2017-2022
Table 4: Asia–Pacific life insurance market geography segmentation: $ billion, 2018–2022
Table 5: Asia-Pacific life insurance market value forecast: $ billion, 2022–27
Table 6: Asia-Pacific life insurance market share: % share, by value, 2022
Table 7: China Life Insurance Co Ltd: key facts
Table 8: China Life Insurance Co Ltd: Key Employees
Table 9: China Life Insurance Co Ltd: Key Employees Continued
Table 10: Dai-ichi Life Holdings Inc: key facts
Table 11: Dai-ichi Life Holdings Inc: Annual Financial Ratios
Table 12: Dai-ichi Life Holdings Inc: Key Employees
Table 13: Dai-ichi Life Holdings Inc: Key Employees Continued
Table 14: Nippon Life Insurance Co: key facts
Table 15: Nippon Life Insurance Co: Key Employees
Table 16: Nippon Life Insurance Co: Key Employees Continued
Table 17: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 18: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 19: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 20: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 21: Asia-Pacific exchange rate, 2018–22
LIST OF FIGURES
Figure 1: Asia-Pacific life insurance market value: $ billion, 2017–22
Figure 2: Asia-Pacific life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Asia–Pacific life insurance market geography segmentation: % share, by value, 2018,2022
Figure 4: Asia-Pacific life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the life insurance market in Asia-Pacific, 2022
Figure 6: Drivers of buyer power in the life insurance market in Asia-Pacific, 2022
Figure 7: Drivers of supplier power in the life insurance market in Asia-Pacific, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2022
Figure 11: Asia-Pacific life insurance market share: % share, by value, 2022
Figure 1: Asia-Pacific life insurance market value: $ billion, 2017–22
Figure 2: Asia-Pacific life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Asia–Pacific life insurance market geography segmentation: % share, by value, 2018,2022
Figure 4: Asia-Pacific life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the life insurance market in Asia-Pacific, 2022
Figure 6: Drivers of buyer power in the life insurance market in Asia-Pacific, 2022
Figure 7: Drivers of supplier power in the life insurance market in Asia-Pacific, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2022
Figure 11: Asia-Pacific life insurance market share: % share, by value, 2022