Global B2B2C Insurance Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global B2B2C Insurance Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

B2B2C Insurance refers the sale of life and non-life insurance products via non-insurance intermediaries as opposed to traditional insurance intermediaries (such as agents, Independent Financial Advisers (IFAs), and brokers), and also the direct sale of insurance products to customers (B2C).

Market Overview:

The latest research study on the global B2B2C Insurance market finds that the global B2B2C Insurance market reached a value of USD 97913.43 million in 2022. It’s expected that the market will achieve USD 141079.85 million by 2028, exhibiting a CAGR of 6.28% during the forecast period.

Market Challenges

As a complex segment, B2B2C insurance requires specialization to serve properly. In addition, profile and privacy of the customers are the most important resources, however managing and protecting the information are a big challenge for B2B2C Insurance solution providers, as information leak is a vital threat for any company or person.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Allianz is one of the major players operating in the B2B2C Insurance market, holding a share of 10.61% in 2020.

Allianz offers a wide range of insurance and fund products to over 100 million customers in more than 70 countries. Life Insurance and annuity products are issued by Allianz Life Insurance Company of North America. Variable products are distributed by its affiliate, Allianz Life Financial Services, LLC. All guarantees are backed by the financial strength and claims-paying ability of the issuing company, and for variable products, do not apply to the performance of the variable subaccounts, which will vary with marketing conditions.

BNP Paribas Cardif operates in 33 countries with strong positions across Europe, Asia, and Latin America.

The company develops products and services in savings and protection, and distributes them through a network of partners, including banks, credit companies, the insurance units of automobile manufacturers, telecoms operators, insurance brokers, retailers, etc.
The company analyses the markets and identifies new opportunities by associating its client knowledge to its insurance expertise. The global footprint of BNP Paribas Cardif is backed by integrated information systems and platforms to facilitate either local or global management of partnerships. What's more, this organization allows efficient adaptation of successful products in different countries or different market segments.

Segmentation Overview:

Among different product types, Consumption Insurance segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Vehicle insurance segment occupied the biggest share from 2018 to 2022.

Key Companies in the global B2B2C Insurance market covered in Chapter 3:

Berkshire Hathaway
Assicurazioni Generali S.p.A.
Ping An Insurance
Assurant
AXA
Japan Post Holding
China Life Insurance
Zurich Insurance Group
BNP Paribas Cardif
China Pacific Insurance
Munich Re Group
Prudential
Allianz
UnitedHealth Group
Company

In Chapter 4 and Chapter 14.2, on the basis of types, the B2B2C Insurance market from 2018 to 2029 is primarily split into:

Guarantee Insurance
Consumption Insurance

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the B2B2C Insurance market from 2018 to 2029 covers:

Home Insurance
Vehicle insurance
Personal Insurance
Travel Insurance
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)