Global Insurance Market Growth (Status and Outlook) 2023-2029

Global Insurance Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Insurance Industry Forecast” looks at past sales and reviews total world Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Insurance sales for 2023 through 2029. With Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Insurance industry.
This Insight Report provides a comprehensive analysis of the global Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Insurance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Insurance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Insurance.
The global Insurance market size is projected to grow from US$ 5740.4 million in 2022 to US$ 8407 million in 2029; it is expected to grow at a CAGR of 5.6% from 2023 to 2029.
Global Insurance key players include Allianz, AXA, Ping An Insurance, China Life Insurance, etc. Global top four manufacturers hold a share over 5%.
Asia-Pacific is the largest market, with a share over 30%, followed by Europe, and North America, both have a share about 60 percent.
In terms of product, Non-life Insurance is the largest segment, with a share over 55%. And in terms of application, the largest application is Bancassurance, followed by Digital and Direct Channels, Brokers, Agency, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Insurance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Life Insurance
Non-Life Insurance
Segmentation by application
Agency
Brokers
Bancassurance
Digital and Direct Channels
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.