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Global Insurance Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 122 pages | ID: G04B9020BE68EN
APO Research

US$ 3,450.00

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Insurance is a business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments. The company calculates the risk of occurrence then determines the cost to replace (pay for) the loss to determine the premium amount.

According to APO Research, The global Insurance market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Insurance key players include Allianz, AXA, Ping An Insurance, China Life Insurance, etc. Global top four manufacturers hold a share over 5%.

Asia-Pacific is the largest market, with a share over 30%, followed by Europe, and North America, both have a share about 60 percent.

In terms of product, Non-life Insurance is the largest segment, with a share over 55%. And in terms of application, the largest application is Bancassurance, followed by Digital and Direct Channels, Brokers, Agency, etc.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Insurance.

The Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • Allianz
  • AXA
  • Generali
  • Ping An Insurance
  • China Life Insurance
  • Prudential PLC
  • Munich Re
  • Zurich Insurance
  • Nippon Life Insurance
  • Japan Post Holdings
  • Berkshire Hathaway
  • Metlife
  • Manulife Financial
  • CPIC
  • Chubb
  • AIG
  • Aviva
  • Allstate
  • Swiss RE
  • Prudential Financial
  • Travelers
  • AIA
  • Aflac
  • Legal & General
Insurance segment by Type
  • Life Insurance
  • Non-Life Insurance
Insurance segment by Application
  • Agency
  • Brokers
  • Bancassurance
  • Digital and Direct Channels
Insurance Segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Insurance and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Insurance.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2019-2024, 2025-2030). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 5: Detailed analysis of Insurance companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.

Chapter 12: Concluding Insights of the report

Chapter 12: Concluding Insights of the report
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global Insurance Market Size Overview by Region 2019 VS 2023 VS 2030
1.4 Global Insurance Market Size by Region (2019-2030)
  1.4.1 Global Insurance Market Size by Region (2019-2024)
  1.4.2 Global Insurance Market Size by Region (2025-2030)
1.5 Key Regions Insurance Market Size (2019-2030)
  1.5.1 North America Insurance Market Size Growth Rate (2019-2030)
  1.5.2 Europe Insurance Market Size Growth Rate (2019-2030)
  1.5.3 Asia-Pacific Insurance Market Size Growth Rate (2019-2030)
  1.5.4 Latin America Insurance Market Size Growth Rate (2019-2030)
  1.5.5 Middle East & Africa Insurance Market Size Growth Rate (2019-2030)

2 INSURANCE MARKET BY TYPE

2.1 Type Introduction
  2.1.1 Life Insurance
  2.1.2 Non-Life Insurance
2.2 Global Insurance Market Size by Type
  2.2.1 Global Insurance Market Size Overview by Type (2019-2030)
  2.2.2 Global Insurance Historic Market Size Review by Type (2019-2024)
  2.2.3 Global Insurance Market Size Forecasted by Type (2025-2030)
2.3 Global Insurance Market Size by Regions
  2.3.1 North America Insurance Market Size Breakdown by Type (2019-2024)
  2.3.2 Europe Insurance Market Size Breakdown by Type (2019-2024)
  2.3.3 Asia-Pacific Insurance Market Size Breakdown by Type (2019-2024)
  2.3.4 Latin America Insurance Market Size Breakdown by Type (2019-2024)
  2.3.5 Middle East and Africa Insurance Market Size Breakdown by Type (2019-2024)

3 INSURANCE MARKET BY APPLICATION

3.1 Type Introduction
  3.1.1 Agency
  3.1.2 Brokers
  3.1.3 Bancassurance
  3.1.4 Digital and Direct Channels
3.2 Global Insurance Market Size by Application
  3.2.1 Global Insurance Market Size Overview by Application (2019-2030)
  3.2.2 Global Insurance Historic Market Size Review by Application (2019-2024)
  3.2.3 Global Insurance Market Size Forecasted by Application (2025-2030)
3.3 Global Insurance Market Size by Regions
  3.3.1 North America Insurance Market Size Breakdown by Application (2019-2024)
  3.3.2 Europe Insurance Market Size Breakdown by Application (2019-2024)
  3.3.3 Asia-Pacific Insurance Market Size Breakdown by Application (2019-2024)
  3.3.4 Latin America Insurance Market Size Breakdown by Application (2019-2024)
  3.3.5 Middle East and Africa Insurance Market Size Breakdown by Application (2019-2024)

4 GLOBAL MARKET DYNAMICS

4.1 Insurance Industry Trends
4.2 Insurance Industry Drivers
4.3 Insurance Industry Opportunities and Challenges
4.4 Insurance Industry Restraints

5 COMPETITIVE INSIGHTS BY COMPANY

5.1 Global Top Players by Insurance Revenue (2019-2024)
5.2 Global Insurance Industry Company Ranking, 2022 VS 2023 VS 2024
5.3 Global Insurance Key Company Headquarters & Area Served
5.4 Global Insurance Company, Product Type & Application
5.5 Global Insurance Company Commercialization Time
5.6 Market Competitive Analysis
  5.6.1 Global Insurance Market CR5 and HHI
  5.6.2 Global Top 5 and 10 Insurance Players Market Share by Revenue in 2023
  5.6.3 2023 Insurance Tier 1, Tier 2, and Tier

6 COMPANY PROFILES

6.1 Allianz
  6.1.1 Allianz Comapny Information
  6.1.2 Allianz Business Overview
  6.1.3 Allianz Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.1.4 Allianz Insurance Product Portfolio
  6.1.5 Allianz Recent Developments
6.2 AXA
  6.2.1 AXA Comapny Information
  6.2.2 AXA Business Overview
  6.2.3 AXA Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.2.4 AXA Insurance Product Portfolio
  6.2.5 AXA Recent Developments
6.3 Generali
  6.3.1 Generali Comapny Information
  6.3.2 Generali Business Overview
  6.3.3 Generali Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.3.4 Generali Insurance Product Portfolio
  6.3.5 Generali Recent Developments
6.4 Ping An Insurance
  6.4.1 Ping An Insurance Comapny Information
  6.4.2 Ping An Insurance Business Overview
  6.4.3 Ping An Insurance Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.4.4 Ping An Insurance Insurance Product Portfolio
  6.4.5 Ping An Insurance Recent Developments
6.5 China Life Insurance
  6.5.1 China Life Insurance Comapny Information
  6.5.2 China Life Insurance Business Overview
  6.5.3 China Life Insurance Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.5.4 China Life Insurance Insurance Product Portfolio
  6.5.5 China Life Insurance Recent Developments
6.6 Prudential PLC
  6.6.1 Prudential PLC Comapny Information
  6.6.2 Prudential PLC Business Overview
  6.6.3 Prudential PLC Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.6.4 Prudential PLC Insurance Product Portfolio
  6.6.5 Prudential PLC Recent Developments
6.7 Munich Re
  6.7.1 Munich Re Comapny Information
  6.7.2 Munich Re Business Overview
  6.7.3 Munich Re Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.7.4 Munich Re Insurance Product Portfolio
  6.7.5 Munich Re Recent Developments
6.8 Zurich Insurance
  6.8.1 Zurich Insurance Comapny Information
  6.8.2 Zurich Insurance Business Overview
  6.8.3 Zurich Insurance Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.8.4 Zurich Insurance Insurance Product Portfolio
  6.8.5 Zurich Insurance Recent Developments
6.9 Nippon Life Insurance
  6.9.1 Nippon Life Insurance Comapny Information
  6.9.2 Nippon Life Insurance Business Overview
  6.9.3 Nippon Life Insurance Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.9.4 Nippon Life Insurance Insurance Product Portfolio
  6.9.5 Nippon Life Insurance Recent Developments
6.10 Japan Post Holdings
  6.10.1 Japan Post Holdings Comapny Information
  6.10.2 Japan Post Holdings Business Overview
  6.10.3 Japan Post Holdings Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.10.4 Japan Post Holdings Insurance Product Portfolio
  6.10.5 Japan Post Holdings Recent Developments
6.11 Berkshire Hathaway
  6.11.1 Berkshire Hathaway Comapny Information
  6.11.2 Berkshire Hathaway Business Overview
  6.11.3 Berkshire Hathaway Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.11.4 Berkshire Hathaway Insurance Product Portfolio
  6.11.5 Berkshire Hathaway Recent Developments
6.12 Metlife
  6.12.1 Metlife Comapny Information
  6.12.2 Metlife Business Overview
  6.12.3 Metlife Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.12.4 Metlife Insurance Product Portfolio
  6.12.5 Metlife Recent Developments
6.13 Manulife Financial
  6.13.1 Manulife Financial Comapny Information
  6.13.2 Manulife Financial Business Overview
  6.13.3 Manulife Financial Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.13.4 Manulife Financial Insurance Product Portfolio
  6.13.5 Manulife Financial Recent Developments
6.14 CPIC
  6.14.1 CPIC Comapny Information
  6.14.2 CPIC Business Overview
  6.14.3 CPIC Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.14.4 CPIC Insurance Product Portfolio
  6.14.5 CPIC Recent Developments
6.15 Chubb
  6.15.1 Chubb Comapny Information
  6.15.2 Chubb Business Overview
  6.15.3 Chubb Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.15.4 Chubb Insurance Product Portfolio
  6.15.5 Chubb Recent Developments
6.16 AIG
  6.16.1 AIG Comapny Information
  6.16.2 AIG Business Overview
  6.16.3 AIG Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.16.4 AIG Insurance Product Portfolio
  6.16.5 AIG Recent Developments
6.17 Aviva
  6.17.1 Aviva Comapny Information
  6.17.2 Aviva Business Overview
  6.17.3 Aviva Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.17.4 Aviva Insurance Product Portfolio
  6.17.5 Aviva Recent Developments
6.18 Allstate
  6.18.1 Allstate Comapny Information
  6.18.2 Allstate Business Overview
  6.18.3 Allstate Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.18.4 Allstate Insurance Product Portfolio
  6.18.5 Allstate Recent Developments
6.19 Swiss RE
  6.19.1 Swiss RE Comapny Information
  6.19.2 Swiss RE Business Overview
  6.19.3 Swiss RE Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.19.4 Swiss RE Insurance Product Portfolio
  6.19.5 Swiss RE Recent Developments
6.20 Prudential Financial
  6.20.1 Prudential Financial Comapny Information
  6.20.2 Prudential Financial Business Overview
  6.20.3 Prudential Financial Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.20.4 Prudential Financial Insurance Product Portfolio
  6.20.5 Prudential Financial Recent Developments
6.21 Travelers
  6.21.1 Travelers Comapny Information
  6.21.2 Travelers Business Overview
  6.21.3 Travelers Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.21.4 Travelers Insurance Product Portfolio
  6.21.5 Travelers Recent Developments
6.22 AIA
  6.22.1 AIA Comapny Information
  6.22.2 AIA Business Overview
  6.22.3 AIA Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.22.4 AIA Insurance Product Portfolio
  6.22.5 AIA Recent Developments
6.23 Aflac
  6.23.1 Aflac Comapny Information
  6.23.2 Aflac Business Overview
  6.23.3 Aflac Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.23.4 Aflac Insurance Product Portfolio
  6.23.5 Aflac Recent Developments
6.24 Legal & General
  6.24.1 Legal & General Comapny Information
  6.24.2 Legal & General Business Overview
  6.24.3 Legal & General Insurance Revenue, Global Share and Gross Margin (2019-2024)
  6.24.4 Legal & General Insurance Product Portfolio
  6.24.5 Legal & General Recent Developments

7 NORTH AMERICA

7.1 North America Insurance Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2 North America Insurance Market Size by Country (2019-2024)
7.3 North America Insurance Market Size Forecast by Country (2025-2030)

8 EUROPE

8.1 Europe Insurance Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2 Europe Insurance Market Size by Country (2019-2024)
8.3 Europe Insurance Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC

9.1 Asia-Pacific Insurance Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2 Asia-Pacific Insurance Market Size by Country (2019-2024)
9.3 Asia-Pacific Insurance Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA

10.1 Latin America Insurance Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2 Latin America Insurance Market Size by Country (2019-2024)
10.3 Latin America Insurance Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Insurance Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2 Middle East & Africa Insurance Market Size by Country (2019-2024)
11.3 Middle East & Africa Insurance Market Size Forecast by Country (2025-2030)

12 CONCLUDING INSIGHTS

13 APPENDIX

13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
  13.5.1 Secondary Sources
  13.5.2 Primary Sources


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