5 Major Insights Into The Insurance Market Report 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s Insurance Global Market Report 2023 offers crucial insights into the insurance market help businesses analyse and build stronger strategies.
Five Key insights from the forecast include:
- Market Size – The global insurance market size is expected to grow from $5946.74 billion in 2022 to $6466.23 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The market size of global insurance market is expected to grow to $8603.8 billion in 2027 at a CAGR of 7.4%.
The surge in internet usage and heightened online transaction risks boost the need for cyber insurance.
- Key Trend – Peer-to-peer insurance is on the rise in emerging and developed markets due to cost-effective premiums, especially in regions with better internet access. This model involves pooling premiums from participants to cover potential losses and distribute remaining funds among them.
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- Largest Region – North America was the largest region in the insurance market share in 2022.
- Major Players – Major companies in the insurance market include Allianz Group, Ping An Insurance, Axa Group, Anthem Inc., China Life Insurance, Centene, People’s Insurance Company of China, Humana, Assicurazioni Generali S.p.A., and Japan Post Group.
- Top Market Segments –
- By Type: Life Insurance, Property And Casualty Insurance, Health And Medical Insurance
- By End User: Corporate, Individual
- 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. Among these regions, North America is the largest region in the global insurance market in 2021.
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The Insurance Global Market Report 2023 provides a comprehensive outlook of the insurance market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The insurance market forecast offers a thorough analysis on insurance market size, insurance market share, prominent players and their strategies.
Insurance is an agreement wherein an individual or entity obtains financial protection or compensation from an insurance company for damages.
The Table Of Content For The Insurance Market Include:
1. Insurance Market Executive Summary
2. Insurance Market Segments
3. Insurance Market Size And Insurance Market Growth Rate
4. Key Insurance Market Trends
5. Major Insurance Market Drivers
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25. Key Mergers And Acquisitions In The Insurance Market
26. Top Insurance Companies
27. Insurance Market Opportunities And Strategies
28. Insurance Market, Conclusions And Recommendations
29. Appendix
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