Asia-Pacific Non-Life Insurance Market to 2027
Asia-Pacific Non-Life Insurance Market to 2027
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 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
Non-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
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The Asia-Pacific non-life insurance market had total gross written premiums of $469.2 billion in 2022, representing a compound annual growth rate (CAGR) of 5.7% between 2017 and 2022.
- The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $220.2 billion, equivalent to 46.9% of the market's overall value.
- Non-life insurance coverage in the South Korean and Australian populations is relatively high as compared to China, India, and Japan. According to in-house research, in 2022, non-life insurance penetration (ratio of premiums to GDP) in South Korea, Australia, China, and India stood at 5.2%, 3.7%, 1.2%, and 0.9%, respectively.
- 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 non-life insurance market by value in 2022?
- What will be the size of the Asia-Pacific non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Asia-Pacific non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Asia-Pacific's non-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 has been the rationale behind recent M&A activity?
8 COMPANY PROFILES
8.1. MS&AD Insurance Group Holdings, Inc.
8.2. Ping An Insurance (Group) Company of China, Ltd.
8.3. The People's Insurance Company (Group) of China Ltd
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 the leading players follow?
7.4. What has been the rationale behind recent M&A activity?
8 COMPANY PROFILES
8.1. MS&AD Insurance Group Holdings, Inc.
8.2. Ping An Insurance (Group) Company of China, Ltd.
8.3. The People's Insurance Company (Group) of China Ltd
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, 2017–22
Table 2: Asia–Pacific non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Asia-Pacific non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Asia–Pacific non–life insurance market geography segmentation: $ billion, 2022
Table 5: Asia-Pacific non-life insurance market value forecast: $ billion, 2022–27
Table 6: Asia-Pacific non-life insurance market share: % share, by value, 2022
Table 7: MS&AD Insurance Group Holdings, Inc.: key facts
Table 8: MS&AD Insurance Group Holdings, Inc.: Annual Financial Ratios
Table 9: MS&AD Insurance Group Holdings, Inc.: Key Employees
Table 10: MS&AD Insurance Group Holdings, Inc.: Key Employees Continued
Table 11: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 12: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 13: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 14: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 15: The People's Insurance Company (Group) of China Ltd: key facts
Table 16: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
Table 17: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 18: Tokio Marine Holdings Inc: key facts
Table 19: Tokio Marine Holdings Inc: Annual Financial Ratios
Table 20: Tokio Marine Holdings Inc: Key Employees
Table 21: Tokio Marine Holdings Inc: Key Employees Continued
Table 22: Tokio Marine Holdings Inc: Key Employees Continued
Table 23: Tokio Marine Holdings Inc: Key Employees Continued
Table 24: Asia-Pacific exchange rate, 2018–22
Table 1: Asia-Pacific non-life insurance market value: $ billion, 2017–22
Table 2: Asia–Pacific non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Asia-Pacific non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Asia–Pacific non–life insurance market geography segmentation: $ billion, 2022
Table 5: Asia-Pacific non-life insurance market value forecast: $ billion, 2022–27
Table 6: Asia-Pacific non-life insurance market share: % share, by value, 2022
Table 7: MS&AD Insurance Group Holdings, Inc.: key facts
Table 8: MS&AD Insurance Group Holdings, Inc.: Annual Financial Ratios
Table 9: MS&AD Insurance Group Holdings, Inc.: Key Employees
Table 10: MS&AD Insurance Group Holdings, Inc.: Key Employees Continued
Table 11: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 12: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 13: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 14: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 15: The People's Insurance Company (Group) of China Ltd: key facts
Table 16: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
Table 17: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 18: Tokio Marine Holdings Inc: key facts
Table 19: Tokio Marine Holdings Inc: Annual Financial Ratios
Table 20: Tokio Marine Holdings Inc: Key Employees
Table 21: Tokio Marine Holdings Inc: Key Employees Continued
Table 22: Tokio Marine Holdings Inc: Key Employees Continued
Table 23: Tokio Marine Holdings Inc: Key Employees Continued
Table 24: Asia-Pacific exchange rate, 2018–22
LIST OF FIGURES
Figure 1: Asia-Pacific non-life insurance market value: $ billion, 2017–22
Figure 2: Asia-Pacific non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Asia–Pacific non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: Asia-Pacific non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in Asia-Pacific, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Asia-Pacific, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Asia-Pacific, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Asia-Pacific, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Asia-Pacific, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Asia-Pacific, 2022
Figure 11: Asia-Pacific non-life insurance market share: % share, by value, 2022
Figure 1: Asia-Pacific non-life insurance market value: $ billion, 2017–22
Figure 2: Asia-Pacific non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Asia–Pacific non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: Asia-Pacific non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in Asia-Pacific, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Asia-Pacific, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Asia-Pacific, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Asia-Pacific, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Asia-Pacific, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Asia-Pacific, 2022
Figure 11: Asia-Pacific non-life insurance market share: % share, by value, 2022
