Online Life Insurance Market to Witness Huge Growth by 2025 |

Online Life Insurance is a platform where customer can easily buy out the policy with more informed about the plan and its features, which in turn aid in making an informed choice. Online Life Insurance market is expected to mark significant growth over forecasted period owing to increasing consumers spending on online term plans, ecommerce transaction and technological advancement. There has been significant rise in number of countries investing in insurance platform where U.S. direct investment abroad with figure stood up to 6 Billion in United States alone in 2018, the future for online life insurance looks promising. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the Insurance sector.

Market Drivers

• Rise in Urbanization and Digitalization Boost the Online Life Insurance Market

• Increase Number of Internet User’s Penetration.

Market Trend

• Collaboration and Tie Up Of Leading Players

• Value Oriented Consumers

Restraints

• Cyber Security Risk Associated with Online Platform that Hampers the Market.

• Lack of Awareness Among the Customers.

Opportunities

• Proliferation Due to Long Term Value Creation And Productivity Improvements Leads to Grow the Market.

• Increase Lifestyles and Health Concerns Fuelled up the Online Life Insurance Market.

Challenges

• Limitation Due to Government Regulation are Anticipated to Challenge the Market.

Competitive Landscape:

Some of the key players profiled in the report are Mitsui Life Insurance (Japan), Manulife Financial (Japan), Japan Post Insurance (Japan), MetLif (United States), Bajaj Allianz General Insurance (India), Birla Sunlife Insurance (India), Life Insurance Corporation of India (India), New India Assurance (India), SBI Life Insurance (India), Max Life Insurance (India) and Reliance Life Insurance (India). Additionally, following companies can also be profiled that are part of our coverage like Lifenet Insurance (Japan), Dai-ichi Life Insurance (Japan) and ACE (United States). Analyst at AdvanceMarketAnalytics see Japanese, German and United States Players to retain maximum share of Global Online Life Insurance market by 2024. Considering Market by Insurance, the sub-segment i.e. Life Insurance will boost the Online Life Insurance market.

Market Highlights:

In June 2019, Paytm acquired Coverfox with a deal of USD 120 Millions. This acquisition is beneficial in providing digital platforms to many financial services segment through its subsidiary platform.

In April 2019, Aegon Life and MobiKwik launched a smart digital insurance product which is beneficial in providing lightning fast, fully digital in-app purchase flow on its App for this new smart insurance product. It also offers innovative and need-based insurance solutions to everyone via the online channel.

“According to Insurance Regulatory and Development Authority of India, it’s provide some basic guidelines where it’s mention about the cost of issuing and maintaining insurance policies and modify or revise your insurance policies with speed and accuracy insurance repositories and electronic issuance of insurance policies.”

Available Customization:

Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**

** Confirmation on availability of data would be provided prior to purchase

Research Methodology:

The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Life Insurance market.

In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Life Insurance market.

Strategic Points Covered in Table of Content of Online Life Insurance Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Online Life Insurancemarket. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basic information of the Online Life Insurance Market. (Introduction)

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Online Life Insurance (Market Dynamics- Drivers, Trends, Opportunity, Restraints & Challenges)

Chapter 4: Presenting the Online Life Insurance Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region 2013-2018

Chapter 6: Evaluating the leading manufacturers of the Online Life Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source.

List of some of the Tables and Figures

Figure Global Online Life Insurance CAGR (%), Y-o-Y Growth (&)

and Market Size, 2014-2025 (USD Million)

Figure Global Online Life Insurance CAGR (%), Y-o-Y Growth (&)

and Market Size, 2014-2025 (Sales)Figure Global Sales Market Share of Online Life Insurance by Types in 2018Figure Online Life Insurance Sales Market Share by Applications in 2018Table Online Life InsuranceType and Applications

Table Market Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)

Table Market Revenue by Countries (2014-2019)

Table Global Online Life Insurance Sales by Type (2014-2019)

In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.

Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Online Life Insurance Manufacturers, Online Life Insurance Traders, End-Use Market Participants of Different Segments of Online Life Insurance, Government and Research Organizations, R&D Institutions and Others.

This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.

Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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This release was published on openPR.