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Market Research Report

Microinsurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Published by IMARC Services Private Limited Product code 864983
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Microinsurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
Published: June 10, 2019 Content info: 107 Pages
Description

The global microinsurance market is expected to grow at a CAGR of around 7% during 2019-2024. As a component of microfinance, microinsurance is the coverage offered to low-income households with limited income access and low-valued assets. It aids individuals belonging to the financially weaker section of the society by formulating a tailored plan with low premiums and provides compensation for illness, injury, disabilities and death. It also covers various property risks against crops, cattle and fire. It merges multiple small financial units into a more massive structure and provides a cushion against unexpected losses and exorbitant interest rates charged by unorganized money lenders. Microinsurance can be delivered through various models such as the partner-agent model, all-in-one-insurance model, full-service model and community-based model which can be administered through certified institutions and intermediaries.

Growth of the insurance sector across the globe and increasing access to financial services among all classes of the society are the chief factors driving the market growth. Recent advancements such as peer-to-peer models and other such consumer-friendly insurance models are also positively influencing the market. These new trends provide consumers with access to ?exible products and an end-to-end digital experience ensuring transparency between the insurance taker and service provider. Additionally, as more products are becoming digitally available, microinsurance policies have gained preference amongst individuals in higher income segments as well.

IMARC Group's latest report provides a deep insight into the global microinsurance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global microinsurance market in any manner.

Report Coverage:

  • Historical, Current and Future Market Trends

Market Breakup by Product Type:

  • Property Insurance
  • Health Insurance
  • Life Insurance
  • Index Insurance
  • Accidental Death and Disability Insurance
  • Others

Market Breakup by Provider:

  • Microinsurance (Commercially Viable)
  • Microinsurance Through Aid/Government Support

Market by Breakup Model Type:

  • Partner Agent Model
  • Full-Service Model
  • Provider Driven Model
  • Community-Based/Mutual Model
  • Others

Market Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

Competitive Landscape:

  • The report has also analysed the competitive landscape of the market along with the profiles of the key players.

Key Questions Answered in This Report:

  • How has the global microinsurance market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global microinsurance industry?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the provider?
  • What is the breakup of the market based on the model type?
  • What are the various stages in the value chain of the global microinsurance industry?
  • What are the key driving factors and challenges in the global microinsurance industry?
  • What is the structure of the global microinsurance industry and who are the key players?
  • What is the degree of competition in the global microinsurance industry?
  • What are the profit margins in the global microinsurance industry?
Table of Contents
Product Code: SR1019A45_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Microinsurance Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Market Breakup by Product Type
  • 5.4 Market Breakup by Provider
  • 5.5 Market Breakup by Model Type
  • 5.6 Market Breakup by Region
  • 5.7 Market Forecast

6 Market Breakup by Product Type

  • 6.1 Property Insurance
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Health Insurance
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Life Insurance
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Index Insurance
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Accidental Death and Disability Insurance
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast
  • 6.6 Others
    • 6.6.1 Market Trends
    • 6.6.2 Market Forecast

7 Market Breakup by Provider

  • 7.1 Microinsurance (Commercially Viable)
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Microinsurance Through Aid/Government Support
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Model Type

  • 8.1 Partner Agent Model
  • 8.2 Full-Service Model
  • 8.3 Provider Driven Model
  • 8.4 Community-Based/Mutual Model
  • 8.5 Others

9 Market Breakup by Region

  • 9.1 Asia Pacific
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 North America
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Middle East and Africa
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Latin America
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players

List of Figures

  • Figure 1: Global: Microinsurance Market: Major Drivers and Challenges
  • Figure 2: Global: Microinsurance Market: Sales Value (in Billion US$), 2013-2018
  • Figure 3: Global: Microinsurance Market: Breakup by Product Type (in %), 2018
  • Figure 4: Global: Microinsurance Market: Breakup by Provider (in %), 2018
  • Figure 5: Global: Microinsurance Market: Breakup by Region (in %), 2018
  • Figure 6: Global: Microinsurance Industry: SWOT Analysis
  • Figure 7: Global: Microinsurance Industry: Value Chain Analysis
  • Figure 8: Global: Microinsurance Industry: Porter's Five Forces Analysis
  • Figure 9: Global: Microinsurance Market Forecast: Sales Value (in Billion US$), 2019-2024
  • Figure 10: Global: Microinsurance (Property Insurance) Market: Sales Value (in Million US$), 2013-2018
  • Figure 11: Global: Microinsurance (Property Insurance) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 12: Global: Microinsurance (Health Insurance) Market: Sales Value (in Million US$), 2013-2018
  • Figure 13: Global: Microinsurance (Health Insurance) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 14: Global: Microinsurance (Life Insurance) Market: Sales Value (in Million US$), 2013-2018
  • Figure 15: Global: Microinsurance (Life Insurance) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 16: Global: Microinsurance (Index Insurance) Market: Sales Value (in Million US$), 2013-2018
  • Figure 17: Global: Microinsurance (Index Insurance) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 18: Global: Microinsurance (Accidental Death and Disability Insurance) Market: Sales Value (in Million US$), 2013-2018
  • Figure 19: Global: Microinsurance (Accidental Death and Disability Insurance) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 20: Global: Microinsurance (Other Product Types) Market: Sales Value (in Million US$), 2013-2018
  • Figure 21: Global: Microinsurance (Other Product Types) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 22: Global: Microinsurance (Commercially Viable) Market: Sales Value (in Million US$), 2013-2018
  • Figure 23: Global: Microinsurance (Commercially Viable) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 24: Global: Microinsurance (Through Aid/Government Support) Market: Sales Value (in Million US$), 2013-2018
  • Figure 25: Global: Microinsurance (Through Aid/Government Support) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 26: Asia Pacific: Microinsurance Market: Sales Value (in Million US$), 2013-2018
  • Figure 27: Asia Pacific: Microinsurance Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 28: North America: Microinsurance Market: Sales Value (in Million US$), 2013-2018
  • Figure 29: North America: Microinsurance Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 30: Europe: Microinsurance Market: Sales Value (in Million US$), 2013-2018
  • Figure 31: Europe: Microinsurance Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 32: Middle East and Africa: Microinsurance Market: Sales Value (in Million US$), 2013-2018
  • Figure 33: Middle East and Africa: Microinsurance Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 34: Latin America: Microinsurance Market: Sales Value (in Million US$), 2013-2018
  • Figure 35: Latin America: Microinsurance Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

  • Table 1: Global: Microinsurance Market: Key Industry Highlights, 2018 and 2024
  • Table 2: Global: Microinsurance Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
  • Table 3: Global: Microinsurance Market Forecast: Breakup by Provider (in Million US$), 2019-2024
  • Table 4: Global: Microinsurance Market Forecast: Breakup by Region (in Million US$), 2019-2024
  • Table 5: Global: Microinsurance Market Structure
  • Table 6: Global: Microinsurance Market: Key Players
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