The Global B2B2C Insurance Market Report by The Business Research Company covers B2B2C insurance market drivers and restraints, B2B2C insurance market size, major players, and the impact of covid-19 on the B2B2C insurance market.
The B2B2C insurance market consists of sales of B2B2C insurance services by entities (organizations, sole traders, and partnerships) that are engaged in providing both life insurance and general insurance services. Business-to-business-to-consumer (B2B2C) insurance applies to the sale of life and general insurance products and services through non-insurance mediators other than traditional insurance intermediaries such as brokers, independent financial advisors, and agents. It also includes the direct sale of insurance to consumers.
The global B2B2C Insurance market is expected to grow from $3.06 billion in 2020 to $3.27 billion in 2021 at a compound annual growth rate (CAGR) of 6.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 B2B2C insurance market is expected to reach $4.18 billion in 2025 at a CAGR of 6.4%.
The expansion of the automobile industry is expected to propel the growth of the B2B2C insurance market in the coming years. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. B2B2C insurance protects the policyholder’s belongings and assets, such as automobiles, from financial losses and damage. Car insurance is similar to a long-term contract that covers the price of various damages that may arise as a result of unanticipated events
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Some B2B2C insurance market trends include launch of innovative programs to expand the insurance industry. Major companies operating in the B2B2C insurance sector are focusing on launching innovative programs to create solutions by leveraging new-age technologies.
Global B2B2C insurance market segments include:
1) By Type: Life Insurance, Non-Life Insurance
2) By Distribution Channel: Online, Offline
3) By End Use Industry: Bank And Financial Institutions, Automotive, Utilities, Retailers, Telecom, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The B2B2C Insurance Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides B2B2C insurance market overviews, analyzes and forecasts market size, share, B2B2C insurance market players, B2B2C insurance market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The B2B2C insurance identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read B2B2C Insurance Global Market Report 2021: COVID-19 Growth And Change 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: AXA, Allianz, Assicurazioni Generali, Zurich Insurance, Prudential, China Life Insurance, UnitedHealth Group, Munich Re Group, Japan Post Holding, BNP Paribas Cardif, Bsurance, Porto Seguro, Swiss Re, and The Digital Insurer.
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 B2B2C 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 B2B2C Insurance Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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