Press release
Life Insurance Market worth $7.40 trillion by 2030, growing at a CAGR of 8.30% - Exclusive Report by 360iResearch
Life Insurance Market | 360iResearch
The Global Life Insurance Market to grow from USD 4.23 trillion in 2023 to USD 7.40 trillion by 2030, at a CAGR of 8.30%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/life-insurance?utm_source=openpr&utm_medium=referral&utm_campaign=sample
The life insurance market encompasses a range of financial products and services that provide individuals, families, and businesses with protection against loss of income due to the death or disability of an insured person. Life insurance policies are tailored to meet specific needs, including term life, whole life, universal life, and variable life insurance plans. The growth of the life insurance market is influenced by various factors, such as demographic trends, economic development and stability, regulatory environment, technology advancements, and an increase in consumer awareness regarding the advantages of life insurance. Aging populations in developed countries contribute to increased demand for retirement planning solutions and income replacement products. However, a lack of understanding about the value of life insurance products among consumers may hinder adopting life insurance services. Besides, leveraging digital platforms to enhance customer experiences through seamless omnichannel interactions while simultaneously improving operational efficiency is expected to encourage the adoption of life insurance services by individuals across the globe.
The rising aging population and increasing awareness about financial planning have fueled the demand for life insurance products in the Americas. The availability of innovative product offerings such as whole life, term life, universal life, and variable universal life policies are expanding the use of life insurance services in the Americas. The Asia-Pacific (APAC) region is characterized by rapid growth in its insurance sector and government initiatives to promote financial inclusion. The presence of well-established insurance firms and increased demand for long-term financial security solutions amidst social and economic reforms are accelerating the use of life insurance services in the EMEA region. Additionally, the adoption of advanced digital technologies to enhance consumer experience is anticipated to propel the adoption of life insurance solutions by end users worldwide.
Market Segmentation & Coverage:
This research report categorizes the Life Insurance Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Endowment Policies, Term Life Insurance, Universal Life Insurance, and Variable Life Insurance. The Universal Life Insurance is projected to witness significant market share during forecast period.
Based on Age-Group, market is studied across Adult, Minor, and Senior Citizens. The Minor is projected to witness significant market share during forecast period.
Based on Providers, market is studied across Agency, Bancassurance, Brokers, and Digital & Direct Channels. The Digital & Direct Channels is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Corporate and Individual. The Individual is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/life-insurance?utm_source=openpr&utm_medium=referral&utm_campaign=inquire
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Life Insurance Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Life Insurance Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Life Insurance Market, highlighting leading vendors and their innovative profiles. These include Aetna Inc., AIA Group Limited, Allianz SE, American International Group, Inc., Assicurazioni Generali S.p.A., AXA S.A., Berkshire Hathaway Inc., Brighthouse Financial, Inc., Centene Corporation, China Life Insurance Group, China Pacific Insurance Co., Ltd., Chubb Limited, Dai-ichi Life Holdings, Inc., Elevance Health, Inc., Guardian Life Insurance Company of America, Humana Inc., Life Insurance Corporation of India, Lincoln National Corporation, Manulife Financial Corporation, MS&AD Insurance Group Holdings, Inc., Munich Reinsurance Company, Nippon Life Insurance Company, Ping An Insurance Company of China, Ltd., Prudential Financial, Inc., State Farm Group, Tokio Marine Holdings, Inc., UnitedHealth Group Incorporated, Unum Group, and Zurich Insurance Group AG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Life Insurance Market, by Type
7. Life Insurance Market, by Age-Group
8. Life Insurance Market, by Providers
9. Life Insurance Market, by End-User
10. Americas Life Insurance Market
11. Asia-Pacific Life Insurance Market
12. Europe, Middle East & Africa Life Insurance Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Life Insurance Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Life Insurance Market?
3. What is the competitive strategic window for opportunities in the Life Insurance Market?
4. What are the technology trends and regulatory frameworks in the Life Insurance Market?
5. What is the market share of the leading vendors in the Life Insurance Market?
6. What modes and strategic moves are considered suitable for entering the Life Insurance Market?
Read More @ https://www.360iresearch.com/library/intelligence/life-insurance?utm_source=openpr&utm_medium=referral&utm_campaign=analyst
Contact 360iResearch
Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Life Insurance Market worth $7.40 trillion by 2030, growing at a CAGR of 8.30% - Exclusive Report by 360iResearch here
News-ID: 3439092 • Views: …
More Releases from 360iResearch
Rising Incidence of Human Metapneumovirus in Vulnerable Populations Boosts Globa …
In recent years, the silent ascent of human metapneumovirus (HMPV) infections has begun to capture significant attention within the realm of infectious diseases. As we advance in medical science, unraveling complexities of age-old pathogens like common influenza or emerging illnesses like COVID-19, a critical discourse has been emerging around HMPV. Particularly, there seems to be a burgeoning acknowledgment of its growing impact on vulnerable global populations, propelling an increased demand…
The Meat Alternatives Market size was estimated at USD 9.39 billion in 2023 and …
From Appetite to Advocacy: The Rising Demand for Meat Alternatives
In recent years, the global food industry has been undergoing a remarkable transformation, driven primarily by an increasing consumer demand for healthier, sustainable, and ethically sourced food products. This seismic shift has brought traditional meat alternatives and high-protein plant-based foods into the spotlight. As the world becomes more conscious of the implications of meat consumption on health and the environment, the…
The Mobility-as-a-Service Market size was estimated at USD 264.80 billion in 202 …
Unpacking the Surge in Investments and Collaborations to Bolster Mobility-as-a-Service
In recent years, as urban landscapes continually evolve, a transformative shift known as Mobility-as-a-Service (MaaS) has reshaped the way we perceive transportation. Marked by the integration of various forms of transport services into a single accessible on-demand mobility solution, MaaS is rapidly gaining traction across global cities. As an emerging paradigm, it's not just shaping the future of travel but also…
The Data Center Services Market size was estimated at USD 56.65 billion in 2023 …
Smart City Revolutions: Why Data Center Colocation is the Future Backbone
In the era of digital transformation, urban landscapes across the globe are undergoing a seismic shift toward becoming "smart cities." The concept of a smart city revolves around using digital technology, IoT (Internet of Things), AI, and data analytics at an unprecedented scale to improve urban infrastructure, manage resources efficiently, and enhance the quality of life for citizens. A vital…
More Releases for Insurance
Renters Insurance Market Dazzling Worldwide with Major Giants Travelers Insuranc …
According to HTF Market Intelligence, the Global Renters Insurance market to witness a CAGR of xx% during the forecast period (2024-2030). The Latest research study released by HTF MI "Renters Insurance Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying…
Renters Insurance Market to See Competition Rise | Travelers Insurance, Geico In …
HTF MI introduces new research on Renters Insurance covering the micro level of analysis by competitors and key business segments (2023-2029). The Renters Insurance explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled…
Insurance Road Assistance Services Market Is Booming Worldwide | Travelers Insur …
Insurance Road Assistance Services Market: The extensive research on Insurance Road Assistance Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Insurance Road Assistance Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the…
Agriculture Crop Insurance Market Type (MPCI Insurance, Hail Insurance, Livestoc …
Agriculture Crop Insurance market worldwide Agriculture is an important contributor to any economy. The extensive use of crops for direct human consumption and industrial processes has resulted in increasing the pressure on the existing supply demand gap. Increasing need for food security is expected to augment the demand for insurance policies. The two major risks in agricultural sector are price risk, caused due to volatility in prices in the market…
Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview
The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market…
Life Insurance Market in Kuwait By Warba Insurance Company, Al Ahleia Insurance …
GlobalData’s 'Life Insurance in Kuwait, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Kuwaiti life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).
The report also…
