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Global Internet of Things (IoT) Based Life Insurance Market Size study & Forecast, by Type (Term Life Insurance, Whole Life Insurance, Endowment Policy, Money Back Policy, Savings & Investments Plans, Retirement Plans and Unit Linked Insurance Plans) and Regional Analysis, 2022-2029

December 2022 | 200 pages | ID: GEC45F301189EN
Bizwit Research & Consulting LLP

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Global Internet of Things (IoT) Based Life Insurance Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Internet of Things (IoT) Based Life Insurance refers to the application of IoT-based devices in the insurance sector. The application of IoT in life insurance can help the insurance provider to gauge the risk associated with issuing life insurance to an individual. Health insurance can get access to accurate health data of an individual through the application of IoT-based devices such as blood pressure levels, heart rate, and oxygen levels among others. This data can also be used for the development of new products and models. The increasing penetration of IoT in the healthcare sector and growing expansion of the life insurance industry as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The growing penetration of IoT in the healthcare sector is contributing to the growth of the Global IoT-based Life Insurance market. For instance, according to Statista - In 2019, globally healthcare-related IoT revenues were estimated at USD 41.57 billion, and the revenues are projected to grow to USD 135 billion by 2025. Also, the rising emergence of digital insurance providers in developing regions and increasing adoption of cloud-based platforms would create lucrative growth prospects for the market over the forecast period. However, the data security & privacy concerns associated with IoT-based devices impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Internet of Things (IoT) Based Life Insurance Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to the presence of leading market players and the increasing adoption of IoT devices by health insurance providers in the region. Whereas the Asia Pacific is expected to grow with the highest CAGRduring the forecast period, owing to factors such as the rising expansion of the IoT devices market as well as increasing penetration of health insurance in the region.

Major market player included in this report are:
Allianz
Prudential Financial Inc
AXA
Berkshire Hathaway Inc
Reliance Nippon Life Insurance Ltd
MetLife Services & Solutions LLC
Legal & General Group PLC
Ping an Insurance (Group) Company of China Ltd
JAPAN POST INSURANCE CO. Ltd
China Life Insurance (Group) Company

Recent Developments in the Market:
In September 2020, Boston, USA-based John Hancock life insurance company entered into a partnership with Amazon for their recently launched Halo band, a wearable device that tracks activities such as exercise and sleeping patterns. Furthermore, John Hancock’s life insurance policyholders would be able to earn rewards and premium discounts based on their use of the new technology.

Global Internet of Things (IoT) Based Life Insurance Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Term Life Insurance
Whole Life Insurance
Endowment Policy
Money Back Policy
Savings & Investments Plan
Retirement Plans
Unit Linked Insurance Plans

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Internet of Things (IoT) Based Life Insurance Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Internet of Things (IoT) Based Life Insurance Market, by Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL INTERNET OF THINGS (IOT) BASED LIFE INSURANCE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL INTERNET OF THINGS (IOT) BASED LIFE INSURANCE MARKET DYNAMICS

3.1. Internet of Things (IoT) Based Life Insurance Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Increasing penetration of IoT in the healthcare sector.
    3.1.1.2. Growing expansion of the life insurance industry
    3.1.1.3. Strategic initiatives from leading market players.
  3.1.2. Market Challenges
    3.1.2.1. Data security & privacy concerns
  3.1.3. Market Opportunities
    3.1.3.1. Growing emergence of digital insurance providers in developing regions.
    3.1.3.2. Increasing adoption of cloud-based platforms.

CHAPTER 4. GLOBAL INTERNET OF THINGS (IOT) BASED LIFE INSURANCE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL INTERNET OF THINGS (IOT) BASED LIFE INSURANCE MARKET, BY TYPE

6.1. Market Snapshot
6.2. Global Internet of Things (IoT) Based Life Insurance Market by Type, Performance - Potential Analysis
6.3. Global Internet of Things (IoT) Based Life Insurance Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Internet of Things (IoT) Based Life Insurance Market, Sub Segment Analysis
  6.4.1. Term Life Insurance
  6.4.2. Whole Life Insurance
  6.4.3. Endowment Policy
  6.4.4. Money Back Policy
  6.4.5. Savings & Investments Plan
  6.4.6. Retirement Plans
  6.4.7. Unit Linked Insurance Plans

CHAPTER 7. GLOBAL INTERNET OF THINGS (IOT) BASED LIFE INSURANCE MARKET, REGIONAL ANALYSIS

7.1. Internet of Things (IoT) Based Life Insurance Market, Regional Market Snapshot
7.2. North America Internet of Things (IoT) Based Life Insurance Market
  7.2.1. U.S. Internet of Things (IoT) Based Life Insurance Market
    7.2.1.1. Type breakdown estimates & forecasts, 2019-2029
  7.2.2. Canada Internet of Things (IoT) Based Life Insurance Market
7.3. Europe Internet of Things (IoT) Based Life Insurance Market Snapshot
  7.3.1. U.K. Internet of Things (IoT) Based Life Insurance Market
  7.3.2. Germany Internet of Things (IoT) Based Life Insurance Market
  7.3.3. France Internet of Things (IoT) Based Life Insurance Market
  7.3.4. Spain Internet of Things (IoT) Based Life Insurance Market
  7.3.5. Italy Internet of Things (IoT) Based Life Insurance Market
  7.3.6. Rest of Europe Internet of Things (IoT) Based Life Insurance Market
7.4. Asia-Pacific Internet of Things (IoT) Based Life Insurance Market Snapshot
  7.4.1. China Internet of Things (IoT) Based Life Insurance Market
  7.4.2. India Internet of Things (IoT) Based Life Insurance Market
  7.4.3. Japan Internet of Things (IoT) Based Life Insurance Market
  7.4.4. Australia Internet of Things (IoT) Based Life Insurance Market
  7.4.5. South Korea Internet of Things (IoT) Based Life Insurance Market
  7.4.6. Rest of Asia Pacific Internet of Things (IoT) Based Life Insurance Market
7.5. Latin America Internet of Things (IoT) Based Life Insurance Market Snapshot
  7.5.1. Brazil Internet of Things (IoT) Based Life Insurance Market
  7.5.2. Mexico Internet of Things (IoT) Based Life Insurance Market
7.6. Rest of The World Internet of Things (IoT) Based Life Insurance Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Top Market Strategies
8.2. Company Profiles
  8.2.1. Allianz
    8.2.1.1. Key Information
    8.2.1.2. Overview
    8.2.1.3. Financial (Subject to Data Availability)
    8.2.1.4. Product Summary
    8.2.1.5. Recent Developments
  8.2.2. Prudential Financial Inc
  8.2.3. AXA
  8.2.4. Berkshire Hathaway Inc
  8.2.5. Reliance Nippon Life Insurance Ltd
  8.2.6. MetLife Services & Solutions LLC
  8.2.7. Legal & General Group PLC
  8.2.8. Ping an Insurance (Group) Company of China Ltd
  8.2.9. JAPAN POST INSURANCE CO. Ltd
  8.2.10. China Life Insurance (Group) Company

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Internet of Things (IoT) Based Life Insurance Market, report scope
TABLE 2. Global Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 4. Global Internet of Things (IoT) Based Life Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 5. Global Internet of Things (IoT) Based Life Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Internet of Things (IoT) Based Life Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Internet of Things (IoT) Based Life Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Internet of Things (IoT) Based Life Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Internet of Things (IoT) Based Life Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Internet of Things (IoT) Based Life Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Internet of Things (IoT) Based Life Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Internet of Things (IoT) Based Life Insurance Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Internet of Things (IoT) Based Life Insurance Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. U.S. Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 16. U.S. Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. Canada Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. Canada Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. UK Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. UK Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. Germany Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. Germany Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. France Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. France Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. Italy Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. Italy Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Spain Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. Spain Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. RoE Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. RoE Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. China Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. China Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. India Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. India Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. Japan Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. Japan Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. South Korea Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. South Korea Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. Australia Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. Australia Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. RoAPAC Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. RoAPAC Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. Brazil Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. Brazil Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Mexico Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. Mexico Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. RoLA Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. RoLA Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. Row Internet of Things (IoT) Based Life Insurance Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. Row Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Internet of Things (IoT) Based Life Insurance Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. List of secondary sources, used in the study of global Internet of Things (IoT) Based Life Insurance Market
TABLE 69. List of primary sources, used in the study of global Internet of Things (IoT) Based Life Insurance Market
TABLE 70. Years considered for the study
TABLE 71. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Internet of Things (IoT) Based Life Insurance Market, research methodology
FIG 2. Global Internet of Things (IoT) Based Life Insurance Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Internet of Things (IoT) Based Life Insurance Market, key trends 2021
FIG 5. Global Internet of Things (IoT) Based Life Insurance Market, growth prospects 2022-2029
FIG 6. Global Internet of Things (IoT) Based Life Insurance Market, porters 5 force model
FIG 7. Global Internet of Things (IoT) Based Life Insurance Market, pest analysis
FIG 8. Global Internet of Things (IoT) Based Life Insurance Market, value chain analysis
FIG 9. Global Internet of Things (IoT) Based Life Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Internet of Things (IoT) Based Life Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Internet of Things (IoT) Based Life Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Internet of Things (IoT) Based Life Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Internet of Things (IoT) Based Life Insurance Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Internet of Things (IoT) Based Life Insurance Market, regional snapshot 2019 & 2029
FIG 15. North America Internet of Things (IoT) Based Life Insurance Market 2019 & 2029 (USD Billion)
FIG 16. Europe Internet of Things (IoT) Based Life Insurance Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Internet of Things (IoT) Based Life Insurance Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Internet of Things (IoT) Based Life Insurance Market 2019 & 2029 (USD Billion)
FIG 19. Global Internet of Things (IoT) Based Life Insurance Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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