Asia-Pacific (APAC) Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Asia-Pacific non-life insurance market had total gross written premiums of $733.3 million in 2022, representing a compound annual growth rate (CAGR) of 5.6% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $313.3 million, equivalent to 42.7% of the market's overall value.
- Growth in the Asia-Pacific region’s non-life insurance market was sluggish and volatile in the historic period 2017-22.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Asia-Pacific
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific non-life insurance market with five year forecasts
- What was the size of the Asia-Pacific non-life insurance market by value in 2022?
- What will be the size of the Asia-Pacific non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Asia-Pacific non-life insurance market?
- How has the market performed over the last five years?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What has been the rationale behind recent M&A activity?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. MS&AD Insurance Group Holdings, Inc.
- 8.2. Ping An Insurance (Group) Company of China, Ltd.
- 8.3. Tokio Marine Holdings Inc
- 8.4. The People's Insurance Company (Group) of China Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Asia-Pacific non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Asia–Pacific non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Asia-Pacific non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Asia–Pacific non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Asia-Pacific non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Asia-Pacific non-life insurance market share: % share, by value, 2022(e)
- Table 7: MS&AD Insurance Group Holdings, Inc.: key facts
- Table 8: MS&AD Insurance Group Holdings, Inc.: Annual Financial Ratios
- Table 9: MS&AD Insurance Group Holdings, Inc.: Key Employees
- Table 10: MS&AD Insurance Group Holdings, Inc.: Key Employees Continued
- Table 11: Ping An Insurance (Group) Company of China, Ltd.: key facts
- Table 12: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
- Table 13: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
- Table 14: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
- Table 15: Tokio Marine Holdings Inc: key facts
- Table 16: Tokio Marine Holdings Inc: Annual Financial Ratios
- Table 17: Tokio Marine Holdings Inc: Key Employees
- Table 18: Tokio Marine Holdings Inc: Key Employees Continued
- Table 19: Tokio Marine Holdings Inc: Key Employees Continued
- Table 20: The People's Insurance Company (Group) of China Ltd: key facts
- Table 21: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
- Table 22: The People's Insurance Company (Group) of China Ltd: Key Employees
- Table 23: Asia-Pacific exchange rate, 2017–21
- List of Figures
- Figure 1: Asia-Pacific non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Asia-Pacific non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Asia–Pacific non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Asia-Pacific non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Asia-Pacific, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Asia-Pacific, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Asia-Pacific, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Asia-Pacific, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Asia-Pacific, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Asia-Pacific, 2022
- Figure 11: Asia-Pacific non-life insurance market share: % share, by value, 2022(e)
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