Global Life Insurance
SummaryGlobal Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The global life insurance market had total gross written premiums of $2,724.9bn in 2020, representing a compound annual growth rate (CAGR) of 2.2% between 2016 and 2020.
- The Life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $1,939.5bn, equivalent to 71.2% of the market's overall value.
- The COVID-19 pandemic, which first took hold in China in 2019 and spread across the rest of the world in early 2020, has had a dramatic impact on the life insurance market, with cuts to interest rates affecting life insurance companies’ profits.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the globallife insurance market
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global life insurance market with five year forecasts
Reasons To Buy
- What was the size of the Global life insurance market by value in 2020?
- What will be the size of the Global life insurance market in 2025?
- What factors are affecting the strength of competition in the Global life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's life insurance market?
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