(MoneyNewsWire.Net, August 25, 2018 ) The report envelops information about key manufacturers such as company profile, product images and specifications, supply chain relationship, price, revenue, gross margin details of market, contact details, and upcoming development trend in terms of product type and application. In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Insurance market for 2018-2023.
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. The insurance market is very fragment market; the premiums of top twenty-four players account about 25% of the total premiums in 2016. Gross premiums increased in most countries in the life, non-life or both segments in 2015. This growth may be a sign or a consequence of more favourable economic conditions, leading individuals to purchase insurance products. In most countries, the relatively low penetration of insurance (especially in South America and some Asian countries) shows that the insurance sector still has significant room to expand. In some countries, gross premiums declined where the continued low interest rates may have deterred individuals from purchasing life insurance products with lower guarantees. The economic context can directly impact the real developments of the life or the non-life sector as the example of Brazil where the high inflation outpaced the nominal growth of non-life premiums shows. Over the next five years, this report projects that Insurance will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Insurance market by product type, application, key companies and key regions.
To calculate the market size, this report considers value generated from the sales of the following segments:
Segmentation by product type: Life Insurance Non-Life Insurance Segmentation by application: Agency Brokers Bancassurance Digital & Direct Channels
We can also provide the customized separate regional or country-level reports, for the following regions: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Spain Middle East & Africa Egypt South Africa Israel Turkey GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: 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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives To study and analyze the global Insurance market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023. To understand the structure of Insurance market by identifying its various subsegments. Focuses on the key global Insurance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the Insurance with respect to individual growth trends, future prospects, and their contribution to the total market. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). To project the size of Insurance submarkets, with respect to key regions (along with their respective key countries). To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.
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