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Life Insurance - Market Summary, Competitive Analysis and Forecast, 2016-2025 (Global Almanac)

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from $2,995 641 Pages MarketLine February, 2022 MTLN17000935
Best Price Guarantee
Price from $2,995
Length 641 Pages
Publisher MarketLine
Published Date February, 2022
SKU MTLN17000935

Life Insurance - Market Summary, Competitive Analysis and Forecast, 2016-2025 (Global Almanac)

Summary

Global Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
  • All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
  • Forecast figures presented in this report are calculated using crisis scenarios for the market. The length of the pandemic and restrictions introduced by various countries are still difficult to predict. Many governments had introduced the national lockdowns and temporarily banned sales of products that are deemed non-essential. As the length of the pandemic and its impact on this market is not certain, the data used in this report has been modeled taking forecast impacts on national economics into consideration.
  • The global life insurance market had total gross written premiums of $2,724.9bn in 2020, representing a compound annual growth rate (CAGR) of 2.2% between 2016 and 2020.
  • The Life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $1,939.5bn, equivalent to 71.2% of the market's overall value.
  • The COVID-19 pandemic, which first took hold in China in 2019 and spread across the rest of the world in early 2020, has had a dramatic impact on the life insurance market, with cuts to interest rates affecting life insurance companies’ profits.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global life insurance market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global life insurance market
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the global life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the global life insurance market by value in 2020?
  • What will be the size of the global life insurance market in 2025?
  • What factors are affecting the strength of competition in the global life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the global life insurance market?


Companies Mentioned

Dai-ichi Life Holdings Inc
Ping An Insurance (Group) C
Nippon Life Insurance Comp
Prudential Plc
Credit Agricole SA
CNP Assurances SA
BNP Paribas SA
R+V Versicherung AG
TAL Dai-ichi Life Australia Pt
Nippon Life Insurance Comp
Challenger Ltd
Banco Bradesco SA
Itau Unibanco Holding SA
Knights of Columbus
Assurant Inc
Globe Life Inc
New York Life Insurance Co
China Life Insurance Co Ltd
China Pacific Insurance (Gro
Huaxia Life Insurance Co Ltd
SBI Life Insurance Co Ltd
ICICI Prudential Life Insuranc
HDFC Life Insurance Co Ltd
Max Life insurance Co Ltd
PT Prudential Life Assurance
PT Asuransi Simas Jiwa
Assicurazioni Generali SpA
Poste Italiane SpA
Intesa Sanpaolo SpA
Japan Post Insurance Co., Lt
Meiji Yasuda Life Insurance C
Grupo Nacional Provincial SA
Grupo Financiero Banorte SA
AXA SA
Nationale-Nederlanden Leve
AEGON NV
ASR Nederland NV
SOGAZ Insurance Group
Alfa Group Consortium (Weal
Sberbank Rossii
Ingosstrakh Joint-Stock Insu
Nordea Liv
Mandatum Life Insurance Co
PFA Pension Forsikringsaktie
OP Financial Group
The Great Eastern Life Assur
Manulife (Singapore) Pte Ltd
AIA Group Ltd
Santam Ltd
Hollard Insurance Group
Old Mutual Ltd
Guardrisk Insurance Compan
Samsung Life Insurance Co
Hanwha Life Insurance Co Lt
Kyobo Life Insurance Co Ltd
Mirae Asset Life Insurance C
VidaCaixa, S.A.U. de Seguros
Mapfre SA
Ibercaja Banco SA
Anadolu Hayat Emeklilik AS
Allianz SE
Aviva Plc
Zurich Insurance Group Ltd
Lloyds Banking Group Plc
American International Grou
The Northwestern Mutual Lif
MetLife Inc
Prudential Financial Inc

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. Competitive Landscape
2 Introduction
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3 Global Life Insurance
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Life Insurance in Asia-Pacific
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Life Insurance in Europe
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7 Macroeconomic Indicators
7.1. Country data
8 Life Insurance in France
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9 Macroeconomic Indicators
9.1. Country data
10 Life Insurance in Germany
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11 Macroeconomic Indicators
11.1. Country data
12 Life Insurance in Australia
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13 Macroeconomic Indicators
13.1. Country data
14 Life Insurance in Brazil
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15 Macroeconomic Indicators
15.1. Country data
16 Life Insurance in Canada
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17 Macroeconomic Indicators
17.1. Country data
18 Life Insurance in China
18.1. Market Overview
18.2. Market Data
18.3. Market Segmentation
18.4. Market outlook
18.5. Five forces analysis
19 Macroeconomic Indicators
19.1. Country data
20 Life Insurance in India
20.1. Market Overview
20.2. Market Data
20.3. Market Segmentation
20.4. Market outlook
20.5. Five forces analysis
21 Macroeconomic Indicators
21.1. Country data
22 Life Insurance in Indonesia
22.1. Market Overview
22.2. Market Data
22.3. Market Segmentation
22.4. Market outlook
22.5. Five forces analysis
23 Macroeconomic Indicators
23.1. Country data
24 Life Insurance in Italy
24.1. Market Overview
24.2. Market Data
24.3. Market Segmentation
24.4. Market outlook
24.5. Five forces analysis
25 Macroeconomic Indicators
25.1. Country data
26 Life Insurance in Japan
26.1. Market Overview
26.2. Market Data
26.3. Market Segmentation
26.4. Market outlook
26.5. Five forces analysis
27 Macroeconomic Indicators
27.1. Country data
28 Life Insurance in Mexico
28.1. Market Overview
28.2. Market Data
28.3. Market Segmentation
28.4. Market outlook
28.5. Five forces analysis
29 Macroeconomic Indicators
29.1. Country data
30 Life Insurance in The Netherlands
30.1. Market Overview
30.2. Market Data
30.3. Market Segmentation
30.4. Market outlook
30.5. Five forces analysis
31 Macroeconomic Indicators
31.1. Country data
32 Life Insurance in North America
32.1. Market Overview
32.2. Market Data
32.3. Market Segmentation
32.4. Market outlook
32.5. Five forces analysis
33 Life Insurance in Russia
33.1. Market Overview
33.2. Market Data
33.3. Market Segmentation
33.4. Market outlook
33.5. Five forces analysis
34 Macroeconomic Indicators
34.1. Country data
35 Life Insurance in Scandinavia
35.1. Market Overview
35.2. Market Data
35.3. Market Segmentation
35.4. Market outlook
35.5. Five forces analysis
36 Life Insurance in Singapore
36.1. Market Overview
36.2. Market Data
36.3. Market Segmentation
36.4. Market outlook
36.5. Five forces analysis
37 Macroeconomic Indicators
37.1. Country data
38 Life Insurance in South Africa
38.1. Market Overview
38.2. Market Data
38.3. Market Segmentation
38.4. Market outlook
38.5. Five forces analysis
39 Macroeconomic Indicators
39.1. Country data
40 Life Insurance in South Korea
40.1. Market Overview
40.2. Market Data
40.3. Market Segmentation
40.4. Market outlook
40.5. Five forces analysis
41 Macroeconomic Indicators
41.1. Country data
42 Life Insurance in Spain
42.1. Market Overview
42.2. Market Data
42.3. Market Segmentation
42.4. Market outlook
42.5. Five forces analysis
43 Macroeconomic Indicators
43.1. Country data
44 Life Insurance in Turkey
44.1. Market Overview
44.2. Market Data
44.3. Market Segmentation
44.4. Market outlook
44.5. Five forces analysis
45 Macroeconomic Indicators
45.1. Country data
46 Life Insurance in The United Kingdom
46.1. Market Overview
46.2. Market Data
46.3. Market Segmentation
46.4. Market outlook
46.5. Five forces analysis
47 Macroeconomic Indicators
47.1. Country data
48 Life Insurance in The United States
48.1. Market Overview
48.2. Market Data
48.3. Market Segmentation
48.4. Market outlook
48.5. Five forces analysis
49 Macroeconomic Indicators
49.1. Country data
50 Company Profiles
51 Appendix
51.1. Methodology
51.2. About MarketLine
List of Tables
Table 1: Global life insurance market value: $ billion, 2016-20
Table 2: Global life insurance market category segmentation: $ billion, 2020
Table 3: Global life insurance market geography segmentation: $ billion, 2020
Table 4: Global life insurance market share: % share, by value, 2020
Table 5: Global life insurance market value forecast: $ billion, 2020-25
Table 6: Global size of population (million), 2016-20
Table 7: Global gdp (constant 2005 prices, $ billion), 2016-20
Table 8: Global gdp (current prices, $ billion), 2016-20
Table 9: Global inflation, 2016-20
Table 10: Global consumer price index (absolute), 2016-20
Table 11: Global exchange rate, 2016-20
Table 12: Asia-Pacific life insurance market value: $ billion, 2016-20
Table 13: Asia-Pacific life insurance market category segmentation: $ billion, 2020
Table 14: Asia-Pacific life insurance market geography segmentation: $ billion, 2020
Table 15: Asia-Pacific life insurance market share: % share, by value, 2020
Table 16: Asia-Pacific life insurance market value forecast: $ billion, 2020-25
Table 17: Europe life insurance market value: $ billion, 2016-20
Table 18: Europe life insurance market category segmentation: $ billion, 2020
Table 19: Europe life insurance market geography segmentation: $ billion, 2020
Table 20: Europe life insurance market share: % share, by value, 2020
Table 21: Europe life insurance market value forecast: $ billion, 2020-25
Table 22: Europe size of population (million), 2016-20
Table 23: Europe gdp (constant 2005 prices, $ billion), 2016-20
Table 24: Europe gdp (current prices, $ billion), 2016-20
Table 25: Europe inflation, 2016-20
Table 26: Europe consumer price index (absolute), 2016-20
Table 27: Europe exchange rate, 2016-20
Table 28: France life insurance market value: $ billion, 2016-20
Table 29: France life insurance market category segmentation: $ billion, 2020
Table 30: France life insurance market geography segmentation: $ billion, 2020
Table 31: France life insurance market share: % share, by value, 2020
Table 32: France life insurance market value forecast: $ billion, 2020-25
Table 33: France size of population (million), 2016-20
Table 34: France gdp (constant 2005 prices, $ billion), 2016-20
Table 35: France gdp (current prices, $ billion), 2016-20
Table 36: France inflation, 2016-20
Table 37: France consumer price index (absolute), 2016-20
Table 38: France exchange rate, 2016-20
Table 39: Germany life insurance market value: $ billion, 2016-20
Table 40: Germany life insurance market category segmentation: $ billion, 2020
Table 41: Germany life insurance market geography segmentation: $ billion, 2020
Table 42: Germany life insurance market share: % share, by value, 2020
Table 43: Germany life insurance market value forecast: $ billion, 2020-25
Table 44: Germany size of population (million), 2016-20
Table 45: Germany gdp (constant 2005 prices, $ billion), 2016-20
Table 46: Germany gdp (current prices, $ billion), 2016-20
Table 47: Germany inflation, 2016-20
Table 48: Germany consumer price index (absolute), 2016-20
Table 49: Germany exchange rate, 2016-20
Table 50: Australia life insurance market value: $ billion, 2016-20
Table 51: Australia life insurance market category segmentation: $ billion, 2020
Table 52: Australia life insurance market geography segmentation: $ billion, 2020
Table 53: Australia life insurance market share: % share, by value, 2020
Table 54: Australia life insurance market value forecast: $ billion, 2020-25
Table 55: Australia size of population (million), 2016-20
Table 56: Australia gdp (constant 2005 prices, $ billion), 2016-20
Table 57: Australia gdp (current prices, $ billion), 2016-20
Table 58: Australia inflation, 2016-20
Table 59: Australia consumer price index (absolute), 2016-20
Table 60: Australia exchange rate, 2016-20
Table 61: Brazil life insurance market value: $ billion, 2016-20
Table 62: Brazil life insurance market category segmentation: $ billion, 2020
Table 63: Brazil life insurance market geography segmentation: $ billion, 2020
Table 64: Brazil life insurance market share: % share, by value, 2020
Table 65: Brazil life insurance market value forecast: $ billion, 2020-25
Table 66: Brazil size of population (million), 2016-20
Table 67: Brazil gdp (constant 2005 prices, $ billion), 2016-20
Table 68: Brazil gdp (current prices, $ billion), 2016-20
Table 69: Brazil inflation, 2016-20
Table 70: Brazil consumer price index (absolute), 2016-20
Table 71: Brazil exchange rate, 2016-20
Table 72: Canada life insurance market value: $ billion, 2016-20
Table 73: Canada life insurance market category segmentation: $ billion, 2020
Table 74: Canada life insurance market geography segmentation: $ billion, 2020
List of Figures
Figure 1: Global life insurance market value: $ billion, 2016-20
Figure 2: Global life insurance market category segmentation: % share, by value, 2020
Figure 3: Global life insurance market geography segmentation: % share, by value, 2020
Figure 4: Global life insurance market share: % share, by value, 2020
Figure 5: Global life insurance market value forecast: $ billion, 2020-25
Figure 6: Forces driving competition in the global life insurance market, 2020
Figure 7: Drivers of buyer power in the global life insurance market, 2020
Figure 8: Drivers of supplier power in the global life insurance market, 2020
Figure 9: Factors influencing the likelihood of new entrants in the global life insurance market, 2020
Figure 10: Factors influencing the threat of substitutes in the global life insurance market, 2020
Figure 11: Drivers of degree of rivalry in the global life insurance market, 2020
Figure 12: Asia-Pacific life insurance market value: $ billion, 2016-20
Figure 13: Asia-Pacific life insurance market category segmentation: % share, by value, 2020
Figure 14: Asia-Pacific life insurance market geography segmentation: % share, by value, 2020
Figure 15: Asia-Pacific life insurance market share: % share, by value, 2020
Figure 16: Asia-Pacific life insurance market value forecast: $ billion, 2020-25
Figure 17: Forces driving competition in the life insurance market in Asia-Pacific, 2020
Figure 18: Drivers of buyer power in the life insurance market in Asia-Pacific, 2020
Figure 19: Drivers of supplier power in the life insurance market in Asia-Pacific, 2020
Figure 20: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2020
Figure 21: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2020
Figure 22: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2020
Figure 23: Europe life insurance market value: $ billion, 2016-20
Figure 24: Europe life insurance market category segmentation: % share, by value, 2020
Figure 25: Europe life insurance market geography segmentation: % share, by value, 2020
Figure 26: Europe life insurance market share: % share, by value, 2020
Figure 27: Europe life insurance market value forecast: $ billion, 2020-25
Figure 28: Forces driving competition in the life insurance market in Europe, 2020
Figure 29: Drivers of buyer power in the life insurance market in Europe, 2020
Figure 30: Drivers of supplier power in the life insurance market in Europe, 2020
Figure 31: Factors influencing the likelihood of new entrants in the life insurance market in Europe, 2020
Figure 32: Factors influencing the threat of substitutes in the life insurance market in Europe, 2020
Figure 33: Drivers of degree of rivalry in the life insurance market in Europe, 2020
Figure 34: France life insurance market value: $ billion, 2016-20
Figure 35: France life insurance market category segmentation: % share, by value, 2020
Figure 36: France life insurance market geography segmentation: % share, by value, 2020
Figure 37: France life insurance market share: % share, by value, 2020
Figure 38: France life insurance market value forecast: $ billion, 2020-25
Figure 39: Forces driving competition in the life insurance market in France, 2020
Figure 40: Drivers of buyer power in the life insurance market in France, 2020
Figure 41: Drivers of supplier power in the life insurance market in France, 2020
Figure 42: Factors influencing the likelihood of new entrants in the life insurance market in France, 2020
Figure 43: Factors influencing the threat of substitutes in the life insurance market in France, 2020
Figure 44: Drivers of degree of rivalry in the life insurance market in France, 2020
Figure 45: Germany life insurance market value: $ billion, 2016-20
Figure 46: Germany life insurance market category segmentation: % share, by value, 2020
Figure 47: Germany life insurance market geography segmentation: % share, by value, 2020
Figure 48: Germany life insurance market share: % share, by value, 2020
Figure 49: Germany life insurance market value forecast: $ billion, 2020-25
Figure 50: Forces driving competition in the life insurance market in Germany, 2020
Figure 51: Drivers of buyer power in the life insurance market in Germany, 2020
Figure 52: Drivers of supplier power in the life insurance market in Germany, 2020
Figure 53: Factors influencing the likelihood of new entrants in the life insurance market in Germany, 2020
Figure 54: Factors influencing the threat of substitutes in the life insurance market in Germany, 2020
Figure 55: Drivers of degree of rivalry in the life insurance market in Germany, 2020
Figure 56: Australia life insurance market value: $ billion, 2016-20
Figure 57: Australia life insurance market category segmentation: % share, by value, 2020
Figure 58: Australia life insurance market geography segmentation: % share, by value, 2020
Figure 59: Australia life insurance market share: % share, by value, 2020
Figure 60: Australia life insurance market value forecast: $ billion, 2020-25
Figure 61: Forces driving competition in the life insurance market in Australia, 2020
Figure 62: Drivers of buyer power in the life insurance market in Australia, 2020
Figure 63: Drivers of supplier power in the life insurance market in Australia, 2020
Figure 64: Factors influencing the likelihood of new entrants in the life insurance market in Australia, 2020
Figure 65: Factors influencing the threat of substitutes in the life insurance market in Australia, 2020
Figure 66: Drivers of degree of rivalry in the life insurance market in Australia, 2020
Figure 67: Brazil life insurance market value: $ billion, 2016-20
Figure 68: Brazil life insurance market category segmentation: % share, by value, 2020
Figure 69: Brazil life insurance market geography segmentation: % share, by value, 2020
Figure 70: Brazil life insurance market share: % share, by value, 2020
Figure 71: Brazil life insurance market value forecast: $ billion, 2020-25
Figure 72: Forces driving competition in the life insurance market in Brazil, 2020
Figure 73: Drivers of buyer power in the life insurance market in Brazil, 2020
Figure 74: Drivers of supplier power in the life insurance market in Brazil, 2020
Figure 75: Factors influencing the likelihood of new entrants in the life insurance market in Brazil, 2020
Figure 76: Factors influencing the threat of substitutes in the life insurance market in Brazil, 2020
Figure 77: Drivers of degree of rivalry in the life insurance market in Brazil, 2020

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