Global Life Insurance Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Life Insurance Market Report by The Business Research Company covers life insurance market drivers and restraints, life insurance market size, major players, and the impact of COVID-19 on the life insurance market.

The life insurance providers market consists of the sale of life insurance policies. Life insurance providers enter into a legal contract with the insurance policyholder, where the insurer (life insurance provider) promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person. The life insurance providers are primarily engaged in the pooling of risk by underwriting insurance (that is, assuming the risk and assigning premiums) and annuities.

 

The rise in disposable income in emerging countries such as India and China is expected to drive the life insurance providers market. Economic growth in the middle-income group translates to higher disposable income which allows them to invest in life insurance products.

 

The global life insurance market is expected to grow from $2475.85 billion in 2020 to $2880.18 billion in 2021 at a compound annual growth rate (CAGR) of 16.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3519.44 billion in 2025 at a CAGR of 5.1%.

 


Request A Sample For The Global Life Insurance Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3813&type=smp

 

Some life insurance market trends include robotic process automation and artificial intelligence. These technologies have transformed the way in which business is done in the insurance industry. Robotic process automation and artificial intelligence are being used in the life insurance industry to accurately predict outcomes, improve customer service, guide the development of new products, detect risks, and cross-promote products.

Global life insurance market segments include:

1) By Type: Term Life Insurance, Whole Life Insurance, Variable Life Insurance, Equity Indexed Life Insurance, Accidental Death Insurance, Other Life Insurance.

 

2) By Application:  Agency, Brokers, Bancassurance, Digital & Direct Channels.

 

3) By Mode: Online, Offline.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

 

Read More On The Life Insurance Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:
https://www.thebusinessresearchcompany.com/report/life-insurance-global-market-report

 

The Life Insurance Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides life insurance market overviews, analyzes and forecasts market size, share, life insurance market players, life insurance market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The life insurance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Life Insurance Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Munich Re, AXA, Generali, Allianz, China Life Insurance Company Limited,  Ping An Insurance (Group) Company of China, Ltd., Zurich Insurance, Nippon Life Insurance, Japan Post Holdings, Berkshire Hathaway, Metlife, Manulife Financial, CPIC, Chubb, AIG, Aviva, Marsh & McLennan, AON, Willis Group Holdings, Arthur J. Gallagher, Swiss Re, Hannover Re, SCOR SE, Lloyd’s.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Life Insurance Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Life Insurance Sector: The report reveals where the global industry will put on most $ sales up to 2023.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx


Here is a list of reports from The Business Research Company similar to the Life Insurance Global Market Report 2021:

 

Equity Indexed Life Insurance Global Market Report 2020

Accidental Death Insurance Global Market Report 2020

 

Variable Life Insurance Global Market Report 2020

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us

Like us on Facebook Follow us on Twitter