Insurance Providers Market 2020 Size, Share, Business Overview, Trends and Forecast to 2023

The Business Research Company offers "Insurance Providers Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.

The global insurance providers market is expected to decline from $5139 billion in 2019 to $5010.2 billion in 2020 at a compound annual growth rate (CAGR) of -2.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $5860 billion in 2023.

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The insurance providers market consists of sales of insurance products by entities (organizations, sole traders and partnerships) that undertake underwriting (assuming the risk and assigning premiums) on annuities and insurance policies. Insurance providers invest premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance providers are entities that are engaged in primary underwriting and assuming the risk of annuities and insurance policies.

The popularity of UBI is driven by the increased use of smartphones with features such as Global Positioning System (GPS), accelerometers and g-force tracking, which can be used to substitute telematics devices with mobile apps. Under UBI, auto insurers are offering pay as you drive (PAYD) and pay how you drive (PHYD) services. While PAYD insurance premium is calculated based on the distance covered by a vehicle, PHYD insurance premium is calculated based on the driving behavior of insured consumers. UBI is rapidly growing in regions such as Europe, Asia and America.

Insurance Providers Market Segmentation:
By Type
1. Life Insurance Providers
2. Property & Casualty Insurance Providers
3. Health & Medical Insurance Providers

By Distribution Channel
1. Corporate
2. Individual

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Insurance Providers Market Characteristics
4. Insurance Providers Market Product Analysis
5. Insurance Providers Market Supply Chain
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21. Key Mergers And Acquisitions In The Insurance Providers Market
22. Market Background: Insurance (Providers, Brokers and Re-Insurers) Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the insurance providers market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the insurance providers market are Unitedhealth Group, AXA, Allianz, Generali, Ping An

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