Global Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

March 2023 | 49 pages | ID: G58C87B7407BEN
MarketLine

Abstracts

Global Life Insurance Market @Summary, Competitive Analysis and Forecast to 2027

SUMMARY

Global Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
• The global life insurance market had total gross written premiums of $3,052.8 billion in 2022, representing a compound annual growth rate (CAGR) of 2.6% between 2017 and 2022.
• The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $2,126.7 billion, equivalent to 69.7% of the market's overall value.
• According to the International Monetary Fund, After the after a strong rebound of 6.5% growth posted in 2021, growth in Asia and the Pacific is expected to moderate to 4.0% in 2022. The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.8% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $3,866.4billion by the end of 2027.

SCOPE

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in the global
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global life insurance market
• 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 Global life insurance market with five year forecasts

REASONS TO BUY

• What was the size of the Global life insurance market by value in 2022?
• What will be the size of the Global life insurance market in 2027?
• What factors are affecting the strength of competition in the Global life insurance market?
• How has the market performed over the last five years?

Contents

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 rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?

8 COMPANY PROFILES

8.1. China Life Insurance Co Ltd
8.2. Dai-ichi Life Holdings Inc
8.3. Nippon Life Insurance Company
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

LIST OF TABLES

Table 1: Global life insurance market value: $ billion, 2017-22(e)
Table 2: Global life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Global life insurance market category segmentation: $ billion, 2017-2022
Table 4: Global life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Global life insurance market value forecast: $ billion, 2022-27
Table 6: Global life insurance market share: % share, by value, 2022(e)
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 Company: key facts
Table 15: Nippon Life Insurance Company: Key Employees
Table 16: Nippon Life Insurance Company: 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: Global exchange rate, 2016–20

List Of Figures

LIST OF FIGURES

Figure 1: Global life insurance market value: $ billion, 2017-22(e)
Figure 2: Global life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Global life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Global life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the global life insurance market, 2022
Figure 6: Drivers of buyer power in the global life insurance market, 2022
Figure 7: Drivers of supplier power in the global life insurance market, 2022
Figure 8: Factors influencing the likelihood of new entrants in the global life insurance market, 2022
Figure 9: Factors influencing the threat of substitutes in the global life insurance market, 2022
Figure 10: Drivers of degree of rivalry in the global life insurance market, 2022
Figure 11: Global life insurance market share: % share, by value, 2022(e)