Market Research Report
Insurance Global Industry Guide 2013-2022
|Published by||MarketLine||Product code||256934|
|Published||Content info||422 Pages
Delivery time: 1-2 business days
|Insurance Global Industry Guide 2013-2022|
|Published: December 16, 2018||Content info: 422 Pages||
Global Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the global insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies.
The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
The life insurance sector consists of mortality protection and annuity.
The non-life insurance sector consists of accident and health, and property and casualty insurance segments.
All currency conversions have been calculated at constant annual 2017 average exchange rates.
The global insurance market had total gross written premiums of $4,760.8bn in 2017, representing a compound annual growth rate (CAGR) of 4.3% between 2013 and 2017.
The life segment was the market's most lucrative in 2017, with total gross written premiums of $2,611.1bn, equivalent to 54.8% of the market's overall value.
The rapid emergence of Asia-Pacific markets, particularly China, has largely contributed to the growth of the global market. This contribution becomes more apparent from the fact that developed markets such as those in Europe or the US have steadily fallen below the global average due to saturation and high penetration rates of non-life insurance. The low interest environment, especially in Europe, has eroded the investment income of insurers, preventing stimulation through premium undercutting means.