Burial Insurance Market 2025-2029
The burial insurance market is forecasted to grow by USD 72 bn during 2024-2029, accelerating at a CAGR of 5.5% during the forecast period. The report on the burial insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of geriatric population, high funeral cost, and inorganic growth strategies.
Technavio's burial insurance market is segmented as below:
By Age Group
- Seniors
- Pre-retirement individuals
- High-risk individuals
By Product Type
- Final expense life insurance
- Pre-need burial insurance
- Whole life burial insurance
- Guaranteed issue burial insurance
- Term burial insurance
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing focus on digitalization as one of the prime reasons driving the burial insurance market growth during the next few years. Also, increasing focus on customer centric approaches by vendors and product launches will lead to sizable demand in the market.
The report on the burial insurance market covers the following areas:
- Burial Insurance Market sizing
- Burial Insurance Market forecast
- Burial Insurance Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading burial insurance market vendors that include AFLAC Inc., American International Group Inc., An Post Insurance, Avalon Funeral Plans, Banco Bilbao Vizcaya Argentaria SA, Diaspora Insurance, Dutch Association of Insurers, Fidelity Life Association, Gerber Life Insurance Co, Global Atlantic Financial Group Ltd., Golden Leaves International Ltd, Homesteaders Life Co, Lampo Licensing, LLC, Mutual of Omaha Insurance Co, SENIOR LIFE INSURANCE CO, State Farm Mutual Automobile Insurance Co., The Baltimore Life Insurance Co, Transamerica Life Insurance Co, and United Heritage Life Insurance co. Also, the burial insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.