Press release
Whole Life Insurance Global Market By Manufacturers, Technology, Application, Product Type, Regions, Industry Analysis And Forecast To 2032 | MetLife Inc., Axa SA, Generali Group, Prudential PLC., Munich Re Group
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Whole Life Insurance Market Size, Growth Rate, And Forecast
The global whole life insurance market size is expected to grow from $170.72 billion in 2022 to $175.67 billion in 2023 at a compound annual growth rate (CAGR) of 2.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global whole life insurance market size is expected to grow to $196.36 billion in 2027 at a CAGR of 2.8%.
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Whole Life Insurance Market Drivers
The increasing demand for whole life insurance products is expected to propel the growth of the whole life insurance market going forward. Whole life insurance is a type of perpetual life insurance, meaning that as long as payments are paid on time, the insured persons will be protected for the length of their life.
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Whole Life Insurance Market Segments
• By Type: Non-Participating Whole Life, Participating Whole Life
• By Application: Agency, Brokers, Bancassurance, Digital And Direct Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Whole Life Insurance market.
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Whole Life Insurance Market Key Players
Major competitors in the Whole Life Insurance market include China Life Insurance Company Limited, MetLife Inc., Ping An Insurance Company of China Ltd., Allianz Life Insurance, Axa SA, Generali Group, Prudential PLC., Munich Re Group, Zurich Insurance Group Ltd., Nippon Life Insurance Company, Japan Post Holdings Company Ltd., Berkshire Hathaway Inc., Manulife Financial Corporation, China Pacific Insurance Co. Ltd., Chubb Corp., American International Group, Aviva Plc., Allstate Corporation, Swiss Reinsurance Company Ltd., and Prudential Financial Inc.
The Business Research Company's "Global Whole Life Insurance Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Whole Life Insurance Market Include:
1. Executive Summary
2. Whole Life Insurance Market Characteristics
3. Whole Life Insurance Market Trends And Strategies
4. Whole Life Insurance Market - Macro Economic Scenario
5. Whole Life Insurance Market Size And Growth
.....
26. Africa Whole Life Insurance Market
27. Whole Life Insurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Whole Life Insurance Market
29. Whole Life Insurance Market Future Outlook and Potential Analysis
30. Appendix
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