Global Key Person Insurance Market Growth (Status and Outlook) 2024-2030

Global Key Person Insurance Market Growth (Status and Outlook) 2024-2030

Key person insurance, also known as key employee insurance or key man insurance, is a type of life insurance policy taken out by a business on the life of a key employee or executive whose death or disability would have a significant impact on the financial stability and operations of the company.

The global Key Person Insurance market size is projected to grow from US$ million in 2023 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.

LPI (LP Information)' newest research report, the “Key Person Insurance Industry Forecast” looks at past sales and reviews total world Key Person Insurance sales in 2023, providing a comprehensive analysis by region and market sector of projected Key Person Insurance sales for 2024 through 2030. With Key Person Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Key Person Insurance industry.

This Insight Report provides a comprehensive analysis of the global Key Person 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 Key Person Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Key Person Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Key Person 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 Key Person Insurance.

United States market for Key Person Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Key Person Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Key Person Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Key Person Insurance players cover MetLife, New York Life, Prudential Financial, AIG (American International Group) and Allianz Life, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Key Person Insurance market by product type, application, key players and key regions and countries.

Segmentation by type
Liability Coverage
Physical Damage Coverage
Others

Segmentation by application
Enterprises
Government
Individuals
Others

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.
MetLife
New York Life
Prudential Financial
AIG (American International Group)
Allianz Life
MassMutual (Massachusetts Mutual Life Insurance Company)
Northwestern Mutual
Guardian Life Insurance Company
Lincoln Financial Group
Principal Financial Group
Zurich Insurance
Hiscox
AXA XL
Chubb
Nationwide

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