Global Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Global Non-Life Insurance 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 global non-life insurance market had total gross written premiums of $3,895.8 million in 2022, representing a compound annual growth rate (CAGR) of 5.3% between 2017 and 2022.
- The Property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $1,228.3 million, equivalent to 31.5% of the market's overall value.
- The Global non-life insurance market grew by 3.8% in 2022. The market experienced moderate growth in the historic period at a CAGR of 5.3% between 2017 and 2022.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global non-life insurance market
- 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 Global non-life insurance market with five year forecasts
- What was the size of the Global non-life insurance market by value in 2022?
- What will be the size of the Global non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Global 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. Allianz SE
- 8.2. AXA SA
- 8.3. State Farm Mutual Automobile Insurance Co
- 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: Global non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Global non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Global non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Global non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Global non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Global non-life insurance market share: % share, by value, 2022(e)
- Table 7: Allianz SE: key facts
- Table 8: Allianz SE: Annual Financial Ratios
- Table 9: Allianz SE: Key Employees
- Table 10: Allianz SE: Key Employees Continued
- Table 11: AXA SA: key facts
- Table 12: AXA SA: Annual Financial Ratios
- Table 13: AXA SA: Key Employees
- Table 14: AXA SA: Key Employees Continued
- Table 15: AXA SA: Key Employees Continued
- Table 16: State Farm Mutual Automobile Insurance Co: key facts
- Table 17: State Farm Mutual Automobile Insurance Co: Key Employees
- Table 18: The People's Insurance Company (Group) of China Ltd: key facts
- Table 19: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
- Table 20: The People's Insurance Company (Group) of China Ltd: Key Employees
- Table 21: Global exchange rate, 2017–21
- List of Figures
- Figure 1: Global non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Global non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Global non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Global non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the global non-life insurance market, 2022
- Figure 6: Drivers of buyer power in the global non-life insurance market, 2022
- Figure 7: Drivers of supplier power in the global non-life insurance market, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the global non-life insurance market, 2022
- Figure 9: Factors influencing the threat of substitutes in the global non-life insurance market, 2022
- Figure 10: Drivers of degree of rivalry in the global non-life insurance market, 2022
- Figure 11: Global non-life insurance market share: % share, by value, 2022(e)
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