Worldwide Insurance Industry Market to 2027
The "Global Insurance Industry Market" report has been added to ResearchAndMarkets.com's offering.
DUBLIN, Feb. 6, 2023 /PRNewswire/ -- The "Global Insurance Industry Market" report has been added to ResearchAndMarkets.com's offering.
This report provides a comprehensive picture of the current insurance market. The report also analyzes the market by type of insurance, including analysis of both life and non-life. The report also analyses the distribution channels in the insurance industry. The report also includes a comprehensive regional analysis of this market.
Companies Mentioned
Allianz Group
Anthem Inc.
Assicurazioni Generali S.P.A.
Axa
Berkshire Hathaway Inc.
Centene Corp.
China Life Insurance Co. Ltd.
Cigna European Services UK Ltd.
Cvs Health
Dai-Ichi Life Holdings Inc.
Humana Inc.
Japan Post Holding
Life Insurance Corp. Of India
Metlife Inc.
Molina Healthcare Inc.
Munich Reinsurance Co.
People's Insurance Co. (Group), of China Ltd.
Ping An Insurance
Prudential plc
State Farm
The Report includes
39 data tables, 19 additional tables
An extensive overview of global markets for insurance products & services
Analyses of global market trends with historical market revenue data for 2020, 2021, and estimates for 2022. Also, projections of compound annual gains rates (CAGRs), through 2027.
Insurance industry market coverage of the most critical technological, economic, or environmental considerations
Estimation of market size and forecast for the insurance industry and corresponding market share analysis, based on type of insurance, distribution channel and end user.
The latest information about key market drivers, opportunities, industry shifts, regulations, and other demographic variables that will impact this market demand over the next years (2022-2027).
Get an overview of the most pressing technology issues, risks and challenges, government regulations, the latest developments and the COVID-19 effect on the global insurance market.
Up-to-date information about the latest market developments, mergers and acquisitions, partnerships, collaborations, and other strategic alliances in the global insurance industry
Profiles of the top global companies, including molina Healthcare Inc., ping an Insurance, prudential plc, and state farm.
Insurance industry is driven by increasing awareness about the benefits of insurance. A policy of insurance is a legal agreement between the insured (or nominee) and the insurance company. It outlines the circumstances and rules under which the insurer is required to reimburse the insured or their beneficiaries. Insurance protects a person's financial health and the loved ones. The premium is usually lower if the plan is larger in terms of money refunded. In order to maintain growth in the global insurance sector, insurers will have to deal with many bottom-line concerns over the forecast period. Inflation rates and rising flat interest rates could hinder further improvement in insurer results. The constant interruption of supply chains and the rapid rise in demand have resulted in increased claims for personal and commercial property loss. Cost increases for parts such as computers for smart cars, rental vehicles, and construction materials have hampered the rise in insurance loss costs. In 2022, rand will be used to drive property and casualty price hikes for buyers. Despite rising labor costs and price rises, loan rates remain relatively low despite these trends. The world's governments are working to avoid destabilizing the recovery force, and the possibility of an economy falling into recession. This could result in lower investment returns and a reduction in the growth and profitability of L&A products that are sensitively affected by interest rates. Global growth in the insurance industry is also being hindered by the rise in regulatory prices. Carriers around the world are now participating in close arrangements to meet International Financial Reporting Standards 17(IFRS 17), which outlines how insurance agreements assets and liabilities are presented on a company's balance sheet.
The following are the key topics covered:
Chapter 1 IntroductionChapter 3 Summary and Highlights Chapter 3 Global Insurance Industry 3.1.2 India 3.2.3 Europe 3.2.4 Japan 3.2.4 Rest of World Chapter 5 Market Dynamics 4.1 Drivers 4.4.1 Demand for Additional Insurance Policies, and Digitization Across Asia-Pacific 4.4.2 Risks Increased for Annuity Products and Term Insurance
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