Report Overview
Life insurance deals with offering a lump sum amount of the sum assured at the ending of the maturity period or if the policyholder is deceased. While non-life insurance provides financial protection to a person with certain health issues or specific kinds of losses to an asset. The life and non-life insurance include whole life insurance, term life insurance, universal life insurance, variable universal life insurance and auto insurance, property insurance, health insurance, accident insurance, travel insurance, disaster insurance, mortgage insurance, and others respectively. The insurance provider Swiss Re has estimated that global insurance premium is expected to rise 3.3 percent in the year 2021 and 3.9 percent in the year 2022. As the end consumers are becoming aware of the rising risk from a pandemic, the global life insurance premiums are estimated to rise 3.8 percent in 2021 and 4.0 percent in the year 2022. While the non-life insurance premiums are expected to grow only 2.8 percent in 2021 and 3.7 percent in the year 2022.A market research report provides businesses with crucial insights into a specific industry, product, or market. The report typically begins with an executive summary, offering a concise overview of key findings and strategic recommendations. It then delves into the market overview, analysing the current size, growth trends, and key drivers that influence market dynamics. Segmentation is another critical aspect, breaking down the market by product type, end-users, and geographic regions to offer a more focused analysis.
Life and Non-Life Insurance Market Size in (USD Billion) CAGR Growth Rate 7%
| Study Period | 2019-2031 |
| Market Size (2023): | 200Billion |
| Market Size (2031): | 500Billion |
| CAGR (2023 - 2031): | 7% |
| Fastest Growing Region | Asia Pacific |
| Dominating Region | North America |
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The Life and Non-Life Insurance market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 7% during the forecast period. Valued at 200Billion, the market is expected to reach 500Billion by 2031, with a year-on-year growth rate of 6%.
The competitive landscape section outlines the key players, their strategies, market share, and a SWOT analysis, which aids businesses in understanding the competition and identifying opportunities for differentiation. Additionally, the report includes forecasts and emerging trends, providing data-driven projections that help businesses anticipate future market shifts. Finally, the report concludes with actionable recommendations, helping organizations make informed decisions and align strategies with market opportunities.
Life and Non-Life Insurance Market Dynamics
Influencing Trend:
The Life and Non-Life Insurance market is expanding due to:
- Insurance
Market Growth Drivers:
The report is able to determine and examine the elements propelling the Life and Non-Life Insurance market's expansion.
- Growing Need For Covering Heavy Expense Coverage At The Time Uncertainty
Challenges:
The research highlight the challenges faced by the industry, including
- Regulatory Challenges
Opportunities:
The research concludes with suggestions for investors, legislators, and industry participants. It draws attention to prospective opportunities.
- The Expanding Middle Class
- Generating Higher Income
- Growing Financial Wealth
Q&A in Our Report
A market research report addresses several key questions that are essential for strategic business planning. It first examines the market size and growth potential, helping businesses understand current opportunities and future expansion possibilities. It also explores the key drivers and challenges influencing the market, providing insight into factors that stimulate demand or create barriers to entry. Additionally, the report analyzes leading competitors and their strategies, giving businesses a clearer picture of the competitive landscape and potential areas for differentiation. By identifying major market trends, the report helps companies stay ahead of industry shifts and innovate accordingly. It also delves into key market segments, offering a more focused analysis based on product type, geography, or customer demographics. Lastly, the report provides future growth forecasts, enabling businesses to make informed long-term strategic decisions and investment plans based on predictive market analysis.Get Sample PDF Including (Statistical Data, Charts & Key Players)
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Key Highlights
• The Life and Non-Life Insurance is growing at a CAGR of 7% during the forecasted period of 2023 to {FORECAT_YEAR}• Year on Year growth for the market is 6%
• North America dominated the market share of 200Billion in 2023
• Based on type, the market is bifurcated into Health, Property, Casualty, Life segment, which dominated the market share during the forecasted period
Market Segmentation
The market is segmented by Type and Application, offering a comprehensive understanding of how different product categories and end-use cases contribute to the overall market landscape. This segmentation helps businesses pinpoint specific areas of opportunity and tailor their strategies accordingly.
Segmentation by Type
- Health
- Property
- Casualty
- Life
Life and Non-Life Insurance Market Segmentation by Type
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Segmentation by Application
- Insurance
- Finance
- Risk Management
- Claims
- Customer Service
Life and Non-Life Insurance Market Segmentation by Application
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This report also analyzes the market by region, providing insights into geographical differences in market performance.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Asia Pacific
Dominating Region
North America
Key Players
The companies profiled were selected based on insights from industry experts and a thorough evaluation of their market influence, product range, and geographical presence. Companies are increasingly focused on expanding their market share through strategic initiatives such as mergers, acquisitions, and green investments, particularly in underserved regions. These strategies are helping companies capture a larger market share while fostering sustainable development. By consolidating resources and widening their geographical reach, these companies not only enhance their competitive position but also align with global trends in sustainability and corporate responsibility.- Swiss Re (Switzerland)
- Axa S.A. (France)
- China Life Insurance Group (China)
- Ping An Life Insurance Company of China
- Ltd. (China)
- Nippon Life Insurance Company (Japan)
- MS&AD Insurance Group Holdings (Japan)
- Tokio Marine Holdings (Japan)
- Berkshire Hathaway Inc (United States)
- Cigna (United States)
- MetLife
- Inc. (United States)
- Prudential Financial
Life and Non-Life Insurance Market Segmentation by Players
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Regional Outlook
Factors driving this growth include technological advancements, growing consumer demand, and globalization. Businesses looking to capitalize on these trends should focus on product innovation, digital marketing, and market expansion to enhance revenue and market reach.The Asia Pacific is expected to witness the fastest growth due to its rising population and expanding economic activities across key sectors. Urbanization, infrastructure development, and supportive government policies are fueling this growth, supported by a young and dynamic workforce. Meanwhile, North America remains a leader, driven by well-established industries, technological innovation, and strong global influence.
• North America leads in technology, healthcare, and aerospace, with a focus on renewable energy and electric vehicles as part of its decarbonization efforts.
• Europe excels in automotive, renewable energy, and luxury goods, with investments in green hydrogen, offshore wind, and digital transformation.
• Asia-Pacific is dominant in manufacturing, semiconductors, and fintech, while investing heavily in 5G, AI, and smart city projects alongside renewable energy expansion.
• Latin America thrives in agriculture, commodities, and mining, focusing on infrastructure and the digital economy to drive growth.
• The Middle East and Africa remain centered on oil and gas but are increasingly diversifying into renewable energy and digital sectors, with Africa also seeing investments in healthcare and education.
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Report Infographics
Report Features | Details |
Base Year | 2023 |
Based Year Market Size (2023) | 200Billion |
Historical Period | 2019 to 2023 |
CAGR (2023 to 2030) | 7% |
Forecast Period | 2023 to 2031 |
Forecasted Period Market Size (2030) | 2031 |
Scope of the Report | Health, Property, Casualty, Life, Insurance, Finance, Risk Management, Claims, Customer Service |
Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
Companies Covered | Swiss Re (Switzerland), Axa S.A. (France), China Life Insurance Group (China), Ping An Life Insurance Company of China, Ltd. (China), Nippon Life Insurance Company (Japan), MS&AD Insurance Group Holdings (Japan), Tokio Marine Holdings (Japan), Berkshire Hathaway Inc (United States), Cigna (United States), MetLife, Inc. (United States), Prudential Financial |
Customization Scope | 15% Free Customization (For EG) |
Delivery Format | PDF and Excel through Email |
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- Data Privacy and Protection: Regulations such as the General Data Protection Regulation (GDPR) in the EU and the California Consumer Privacy Act (CCPA) in the US mandate strict guidelines for handling personal data. Market research firms must ensure that all data collection methods comply with privacy laws, including obtaining consent and ensuring data security.
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Life and Non-Life Insurance - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Life and Non-Life Insurance Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Life and Non-Life Insurance Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Life and Non-Life Insurance Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Growing Need for Covering Heavy Expense Coverage at the Time Uncertainty
-
3.2 Available Opportunities
- 3.2.1 The Expanding Middle Class
- 3.2.2 Generating Higher Income
- 3.2.3 Growing Financial Wealth
- 3.2.4 and Heightened Risks to Manage is Boosting the Life and Non-Life Insurance Market
-
3.3 Influencing Trends
- 3.3.1 Insurance
- 3.3.2 financial services
-
3.4 Challenges
- 3.4.1 Regulatory challenges
- 3.4.2 market competition
- 3.5 Regional Dynamics
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Chapter 4 : Global Life and Non-Life Insurance Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Life and Non-Life Insurance Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Life and Non-Life Insurance : Competition Benchmarking & Performance Evaluation
- 5.1 Global Life and Non-Life Insurance Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Life and Non-Life Insurance Revenue 2023
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 FPNV Positioning Matrix
- 5.5 Heat Map Analysis
Chapter 6: Global Life and Non-Life Insurance Market: Company Profiles
- 6.1 Swiss Re (Switzerland)
- 6.1.1 Swiss Re (Switzerland) Company Overview
- 6.1.2 Swiss Re (Switzerland) Product/Service Portfolio & Specifications
- 6.1.3 Swiss Re (Switzerland) Key Financial Metrics
- 6.1.4 Swiss Re (Switzerland) SWOT Analysis
- 6.1.5 Swiss Re (Switzerland) Development Activities
- 6.2 Axa S.A. (France)
- 6.3 China Life Insurance Group (China)
- 6.4 Ping An Life Insurance Company Of China
- 6.5 Ltd. (China)
- 6.6 Nippon Life Insurance Company (Japan)
- 6.7 MS&AD Insurance Group Holdings (Japan)
- 6.8 Tokio Marine Holdings (Japan)
- 6.9 Berkshire Hathaway Inc (United States)
- 6.10 Cigna (United States)
- 6.11 MetLife
- 6.12 Inc. (United States)
- 6.13 Prudential Financial
- 6.14 Inc. (United States)
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Chapter 7 : Global Life and Non-Life Insurance by Type & Application (2019-2031)
-
7.1 Global Life and Non-Life Insurance Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Health
- 7.1.2 Property
- 7.1.3 Casualty
- 7.1.4 Life
- 7.1.5 Liability
-
7.2 Global Life and Non-Life Insurance Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Insurance
- 7.2.2 Finance
- 7.2.3 Risk Management
- 7.2.4 Claims
- 7.2.5 Customer Service
- 7.3 Global Life and Non-Life Insurance Market Revenue Analysis (USD Million) by Type (2023-2031)
- 7.4 Global Life and Non-Life Insurance Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 8.1 North America Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 8.2.1 Health
- 8.2.2 Property
- 8.2.3 Casualty
- 8.2.4 Life
- 8.2.5 Liability
-
8.3 North America Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 8.3.1 Insurance
- 8.3.2 Finance
- 8.3.3 Risk Management
- 8.3.4 Claims
- 8.3.5 Customer Service
- 8.4 North America Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 8.5 North America Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 8.6 North America Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
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Chapter 9 : LATAM Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 9.1 LATAM Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 9.2.1 Health
- 9.2.2 Property
- 9.2.3 Casualty
- 9.2.4 Life
- 9.2.5 Liability
-
9.3 LATAM Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 9.3.1 Insurance
- 9.3.2 Finance
- 9.3.3 Risk Management
- 9.3.4 Claims
- 9.3.5 Customer Service
- 9.4 LATAM Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 9.5 LATAM Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 9.6 LATAM Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 10 : West Europe Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 10.1 West Europe Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 10.2.1 Health
- 10.2.2 Property
- 10.2.3 Casualty
- 10.2.4 Life
- 10.2.5 Liability
-
10.3 West Europe Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 10.3.1 Insurance
- 10.3.2 Finance
- 10.3.3 Risk Management
- 10.3.4 Claims
- 10.3.5 Customer Service
- 10.4 West Europe Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 10.5 West Europe Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 10.6 West Europe Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 11 : Central & Eastern Europe Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 11.2.1 Health
- 11.2.2 Property
- 11.2.3 Casualty
- 11.2.4 Life
- 11.2.5 Liability
-
11.3 Central & Eastern Europe Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 11.3.1 Insurance
- 11.3.2 Finance
- 11.3.3 Risk Management
- 11.3.4 Claims
- 11.3.5 Customer Service
- 11.4 Central & Eastern Europe Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 11.5 Central & Eastern Europe Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 11.6 Central & Eastern Europe Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 12 : Northern Europe Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 12.2.1 Health
- 12.2.2 Property
- 12.2.3 Casualty
- 12.2.4 Life
- 12.2.5 Liability
-
12.3 Northern Europe Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 12.3.1 Insurance
- 12.3.2 Finance
- 12.3.3 Risk Management
- 12.3.4 Claims
- 12.3.5 Customer Service
- 12.4 Northern Europe Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 12.5 Northern Europe Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 12.6 Northern Europe Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 13 : Southern Europe Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 13.2.1 Health
- 13.2.2 Property
- 13.2.3 Casualty
- 13.2.4 Life
- 13.2.5 Liability
-
13.3 Southern Europe Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 13.3.1 Insurance
- 13.3.2 Finance
- 13.3.3 Risk Management
- 13.3.4 Claims
- 13.3.5 Customer Service
- 13.4 Southern Europe Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 13.5 Southern Europe Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 13.6 Southern Europe Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 14 : East Asia Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 14.1 East Asia Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 14.2.1 Health
- 14.2.2 Property
- 14.2.3 Casualty
- 14.2.4 Life
- 14.2.5 Liability
-
14.3 East Asia Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 14.3.1 Insurance
- 14.3.2 Finance
- 14.3.3 Risk Management
- 14.3.4 Claims
- 14.3.5 Customer Service
- 14.4 East Asia Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 14.5 East Asia Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 14.6 East Asia Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 15 : Southeast Asia Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 15.2.1 Health
- 15.2.2 Property
- 15.2.3 Casualty
- 15.2.4 Life
- 15.2.5 Liability
-
15.3 Southeast Asia Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 15.3.1 Insurance
- 15.3.2 Finance
- 15.3.3 Risk Management
- 15.3.4 Claims
- 15.3.5 Customer Service
- 15.4 Southeast Asia Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 15.5 Southeast Asia Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 15.6 Southeast Asia Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 16 : South Asia Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 16.1 South Asia Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 16.2.1 Health
- 16.2.2 Property
- 16.2.3 Casualty
- 16.2.4 Life
- 16.2.5 Liability
-
16.3 South Asia Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 16.3.1 Insurance
- 16.3.2 Finance
- 16.3.3 Risk Management
- 16.3.4 Claims
- 16.3.5 Customer Service
- 16.4 South Asia Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 16.5 South Asia Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 16.6 South Asia Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 17 : Central Asia Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 17.1 Central Asia Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 17.2.1 Health
- 17.2.2 Property
- 17.2.3 Casualty
- 17.2.4 Life
- 17.2.5 Liability
-
17.3 Central Asia Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 17.3.1 Insurance
- 17.3.2 Finance
- 17.3.3 Risk Management
- 17.3.4 Claims
- 17.3.5 Customer Service
- 17.4 Central Asia Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 17.5 Central Asia Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 17.6 Central Asia Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 18 : Oceania Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 18.1 Oceania Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 18.2.1 Health
- 18.2.2 Property
- 18.2.3 Casualty
- 18.2.4 Life
- 18.2.5 Liability
-
18.3 Oceania Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 18.3.1 Insurance
- 18.3.2 Finance
- 18.3.3 Risk Management
- 18.3.4 Claims
- 18.3.5 Customer Service
- 18.4 Oceania Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 18.5 Oceania Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 18.6 Oceania Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 19 : MEA Life and Non-Life Insurance Market Breakdown by Country, Type & Application
- 19.1 MEA Life and Non-Life Insurance Market by Country (USD Million) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Life and Non-Life Insurance Market by Type (USD Million) [2019-2023]
- 19.2.1 Health
- 19.2.2 Property
- 19.2.3 Casualty
- 19.2.4 Life
- 19.2.5 Liability
-
19.3 MEA Life and Non-Life Insurance Market by Application (USD Million) [2019-2023]
- 19.3.1 Insurance
- 19.3.2 Finance
- 19.3.3 Risk Management
- 19.3.4 Claims
- 19.3.5 Customer Service
- 19.4 MEA Life and Non-Life Insurance Market by Country (USD Million) [2024-2031]
- 19.5 MEA Life and Non-Life Insurance Market by Type (USD Million) [2024-2031]
- 19.6 MEA Life and Non-Life Insurance Market by Application (USD Million) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global Life and Non-Life Insurance market size surpassed 200Billion in 2023 and will expand at a CAGR of 7% between 2023 and 2031.
The Life and Non-Life Insurance Market is predicted to grow at a CAGR of 7%.
The changing dynamics and trends such as Insurance, Financial Services are seen as major Game Changer in Global Life and Non-Life Insurance Market.
The leaders in the Global Life and Non-Life Insurance Market such as Swiss Re (Switzerland), Axa S.A. (France), China Life Insurance Group (China), Ping An Life Insurance Company of China, Ltd. (China), Nippon Life Insurance Company (Japan), MS&AD Insurance Group Holdings (Japan), Tokio Marine Holdings (Japan), Berkshire Hathaway Inc (United States), Cigna (United States), MetLife, Inc. (United States), Prudential Financial, Inc. (United States) are targeting innovative and differentiated growth drivers some of them are Growing Need For Covering Heavy Expense Coverage At The Time Uncertainty,,
Demand For The Financial Aid In Life And Non-Life Activities
Some of the major roadblocks that industry players have identified are Regulatory Challenges, Market Competition.
Some of the opportunities that Analyst at HTF MI have identified in Life and Non-Life Insurance Market are:
- The Expanding Middle Class
- Generating Higher Income
- Growing Financial Wealth
- And Heightened Risks To Manage Is Boosting The Life And Non-Life Insurance Market
Swiss Re (Switzerland), Axa S.A. (France), China Life Insurance Group (China), Ping An Life Insurance Company of China, Ltd. (China), Nippon Life Insurance Company (Japan), MS&AD Insurance Group Holdings (Japan), Tokio Marine Holdings (Japan), Berkshire Hathaway Inc (United States), Cigna (United States), MetLife, Inc. (United States), Prudential Financial, Inc. (United States) are the major operating companies profiled in Life and Non-Life Insurance market study.
The Global Life and Non-Life Insurance Market Study is Broken down by applications such as Insurance, Finance, Risk Management, Claims, Customer Service.
The Global Life and Non-Life Insurance Market Study is segmented by Health, Property, Casualty, Life, Liability.
The Global Life and Non-Life Insurance Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - 2023; Base year: 2023; Forecast period: 2025 to 2031
Life insurance deals with offering a lump sum amount of the sum assured at the ending of the maturity period or if the policyholder is deceased. While non-life insurance provides financial protection to a person with certain health issues or specific kinds of losses to an asset. The life and non-life insurance include whole life insurance, term life insurance, universal life insurance, variable universal life insurance and auto insurance, property insurance, health insurance, accident insurance, travel insurance, disaster insurance, mortgage insurance, and others respectively. The insurance provider Swiss Re has estimated that global insurance premium is expected to rise 3.3 percent in the year 2021 and 3.9 percent in the year 2022. As the end consumers are becoming aware of the rising risk from a pandemic, the global life insurance premiums are estimated to rise 3.8 percent in 2021 and 4.0 percent in the year 2022. While the non-life insurance premiums are expected to grow only 2.8 percent in 2021 and 3.7 percent in the year 2022.
