Insurance Market Investment Opportunities, Industry Share & Trends Analysis Report to 2028

Global Insurance Market - Forecast to 2028

The global Insurance market size is expected to reach USD 8,921.86 Billion at a steady revenue CAGR of 6.2% in 2028, according to latest analysis by Emergen Research. Rapid digitalization is enabling insurance providers to adapt to and adopt more advanced technologies, which is expected to drive market revenue growth in the coming years.

Another key factor driving market revenue growth is easy availability of insurance cover of varying types and policies for a vast array of needs and requirements across all types of end-user bases and increasing number of individuals, groups, entities, establishments (private, governmental, and commercial) and various sectors and industries opting to safeguard against potential health issues, and losses and damages. Increasing prevalence of various lifestyle and chronic diseases, as well as need to secure coverage in the event of accidents and to cover emergency accidental expenses etc., and the recent COVID-19 pandemic and ongoing spread of infection and need for treatment and care are other factors. Rapidly increasing elderly population, early onset of aging, increasing number of individuals following sedentary lifestyles, and increasing prevalence of various lifestyle-related diseases such as diabetes and heart diseases, cancer, and others are also driving demand for health insurance.

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The report further explores the key companies and their product portfolios to impart a better understanding of the competitive landscape. Along with the profiles, the sections also offer insights into their market size, market share, global position, financial standing, business overview, and strategic initiatives, such as product developments, technological advancements, mergers & acquisitions, joint ventures, partnerships, and collaborations, among others, undertaken by companies.

The report covers the profiling of the following key companies:

Berkshire Hathaway, AXA SA, China Life Insurance Co. Ltd., Aviva PLC, Prudential PLC, United Health Group Incorporated, Anthem Inc., Kaiser Foundation Group of Health Plans, Munich Reinsurance Company, and Centene Corporation.

Some Key Highlights From the Report
• In July 2021, MetLife launched pet insurance product to boost its portfolio. The insurance will provide coverage for pets and cater to the diversified financial needs of pet parents. The insurance can be availed irrespective of the breed of cats and dogs and pet owners will also be able to use telehealth concierge services.
• Property insurance segment revenue is expected to increase at a significant rate during the forecast period. Property insurance includes financial reimbursement to the renter or owner for a structure or its content in case of theft or damage. Property insurance includes various policies such as renter’s insurance, homeowner’s insurance, earthquake insurance, and flood insurance.
• Public health insurance are plans provide by the government at an affordable cost and requires no deductibles or co-pays and has lower administrative costs than private health insurance. However, public insurance is often less flexible and most medical establishment refuse to accept government-sponsored plans.

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Furthermore, the report offers insights into the segmentation of the Insurance industry based on product types, applications, end-user, technology, and key regions. The study also assesses the market segment expected to show significant growth in the coming years.

• Insurance Type Outlook (Revenue, USD Billion; 2018–2028)
o Life Insurance
o Property Insurance
o Health Insurance
o Liability Insurance
o Fire Insurance
o Motor Insurance or Auto Insurance
o Social Insurance
o Others (Travel, Marine, Guarantee, Home)
• Service Providers Outlook (Revenue, USD Billion; 2018–2028)
o Public Insurance Providers
o Private Insurance Providers
• End-use Providers Outlook (Revenue, USD Billion; 2018–2028)
o Individuals
o Corporate
o Others
• Sales Channel Outlook (Revenue, USD Billion; 2018–2028)
o Direct Sales
o Brokers
o Insurance Agents
o Web Aggregators
o Insurance Marketing Firm
o Online
o Others

Regional Analysis of the Insurance Market includes:

• North America(U.S.A., Canada)
• Europe(U.K., Italy, Germany, France, Rest of EU)
• AsiaPacific(India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America(Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Features of the Insurance Market Report:

• The report encompasses Insurance market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
• An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
• Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
• Supply chain analysis along with technological advancements offered in the report
• The report provides an extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Insurance industry
Furthermore, the report offers a sophisticated analysis of the market statistics and is represented in graphs, tables, facts, figures, diagrams, and charts to provide a better understanding of the Insurance industry.

The report considers the following years for estimation of the market size:
Historical Years: 2018-2019
Base Year: 2020
Estimated Year: 2028
Forecast Years: 2021-2028

Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Insurance Market Segmentation & Impact Analysis
4.1. Insurance Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increase in accidents and man-made disasters
4.2.2.2. Rise in initiatives taken by government
4.2.3. Market restraints analysis
4.2.3.1. Lack of awareness regarding coverage
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Insurance Market By Insurance Type Insights & Trends Revenue (USD Billion)
5.1. Insurance Type Dynamics & Market Share, 2021 & 2028
5.1.1. Life Insurance
5.1.2. Property Insurance
5.1.3. Health Insurance
5.1.4. Liability Insurance
5.1.5. Fire Insurance
5.1.6. Motor Insurance or Auto Insurance
5.1.7. Social Insurance
5.1.8. Others (Travel, Marine, Guarantee, Home)
READ MORE…!

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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