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Market Research Report

Life Insurance Global Industry Almanac 2017

Published by MarketLine Product code 437145
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Life Insurance Global Industry Almanac 2017
Published: December 31, 2017 Content info: 569 Pages
Description

Summary

Global Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the global life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies.

Key highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2016 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The global life insurance market had total gross written premiums of $2,563bn in 2016, representing a compound annual growth rate (CAGR) of 3.4% between 2012 and 2016.

The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $1,685.4bn, equivalent to 65.8% of the market's overall value.

Unlike most other global markets, the pension/annuity segment dominates in the US. This is primarily due to the dominance of the private sector as far as pension and insurance in the US are concerned.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global life insurance market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global life 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 2016?
  • What will be the size of the global life insurance market in 2021?
  • What factors are affecting the strength of competition in the global life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the global life insurance market?
Table of Contents
Product Code: MLIG1748-01

Table of Contents

EXECUTIVE SUMMARY 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Introduction 38

What is this report about? 38

Who is the target reader? 38

How to use this report 38

Definitions 38

Global Life Insurance 39

Market Overview 39

Market Data 40

Market Segmentation 41

Market outlook 44

Five forces analysis 45

Life Insurance in Asia-Pacific 52

Market Overview 52

Market Data 54

Market Segmentation 55

Market outlook 58

Five forces analysis 59

Life Insurance in Europe 66

Market Overview 66

Market Data 67

Market Segmentation 68

Market outlook 71

Five forces analysis 72

Life Insurance in France 79

Market Overview 79

Market Data 80

Market Segmentation 81

Market outlook 84

Five forces analysis 85

Macroeconomic indicators 91

Life Insurance in Germany 93

Market Overview 93

Market Data 94

Market Segmentation 95

Market outlook 98

Five forces analysis 99

Macroeconomic indicators 105

Life Insurance in Australia 107

Market Overview 107

Market Data 108

Market Segmentation 109

Market outlook 112

Five forces analysis 113

Macroeconomic indicators 120

Life Insurance in Brazil 122

Market Overview 122

Market Data 123

Market Segmentation 124

Market outlook 127

Five forces analysis 128

Macroeconomic indicators 134

Life Insurance in Canada 136

Market Overview 136

Market Data 137

Market Segmentation 138

Market outlook 141

Five forces analysis 142

Macroeconomic indicators 149

Life Insurance in China 151

Market Overview 151

Market Data 152

Market Segmentation 153

Market outlook 156

Five forces analysis 157

Macroeconomic indicators 164

Life Insurance in India 166

Market Overview 166

Market Data 167

Market Segmentation 168

Market outlook 171

Five forces analysis 172

Macroeconomic indicators 178

Life Insurance in Indonesia 180

Market Overview 180

Market Data 181

Market Segmentation 182

Market outlook 185

Five forces analysis 186

Macroeconomic indicators 192

Life Insurance in Italy 194

Market Overview 194

Market Data 195

Market Segmentation 196

Market outlook 199

Five forces analysis 200

Macroeconomic indicators 206

Life Insurance in Japan 208

Market Overview 208

Market Data 209

Market Segmentation 210

Market outlook 213

Five forces analysis 214

Macroeconomic indicators 221

Life Insurance in Mexico 223

Market Overview 223

Market Data 224

Market Segmentation 225

Market outlook 228

Five forces analysis 229

Macroeconomic indicators 235

Life Insurance in The Netherlands 237

Market Overview 237

Market Data 238

Market Segmentation 239

Market outlook 242

Five forces analysis 243

Macroeconomic indicators 249

Life Insurance in North America 251

Market Overview 251

Market Data 252

Market Segmentation 253

Market outlook 256

Five forces analysis 257

Life Insurance in Russia 264

Market Overview 264

Market Data 265

Market Segmentation 266

Market outlook 269

Five forces analysis 270

Macroeconomic indicators 277

Life Insurance in Scandinavia 279

Market Overview 279

Market Data 280

Market Segmentation 281

Market outlook 284

Five forces analysis 285

Life Insurance in Singapore 291

Market Overview 291

Market Data 292

Market Segmentation 293

Market outlook 296

Five forces analysis 297

Macroeconomic indicators 303

Life Insurance in South Africa 305

Market Overview 305

Market Data 306

Market Segmentation 307

Market outlook 310

Five forces analysis 311

Macroeconomic indicators 317

Life Insurance in South Korea 319

Market Overview 319

Market Data 320

Market Segmentation 321

Market outlook 324

Five forces analysis 325

Macroeconomic indicators 331

Life Insurance in Spain 333

Market Overview 333

Market Data 334

Market Segmentation 335

Market outlook 338

Five forces analysis 339

Macroeconomic indicators 345

Life Insurance in Turkey 347

Market Overview 347

Market Data 348

Market Segmentation 349

Market outlook 352

Five forces analysis 353

Macroeconomic indicators 360

Life Insurance in The United Kingdom 362

Market Overview 362

Market Data 363

Market Segmentation 364

Market outlook 367

Five forces analysis 368

Macroeconomic indicators 374

Life Insurance in The United States 376

Market Overview 376

Market Data 377

Market Segmentation 378

Market outlook 381

Five forces analysis 382

Macroeconomic indicators 389

Company Profiles 391

Leading Companies 391

Appendix 567

Methodology 567

About MarketLine 568

List of Tables

  • Table 1: Global life insurance market value: $ billion, 2012-16
  • Table 2: Global life insurance market category segmentation: $ billion, 2016
  • Table 3: Global life insurance market geography segmentation: $ billion, 2016
  • Table 4: Global life insurance market share: % share, by value, 2016
  • Table 5: Global life insurance market value forecast: $ billion, 2016-21
  • Table 6: Asia-Pacific life insurance market value: $ billion, 2012-16
  • Table 7: Asia-Pacific life insurance market category segmentation: $ billion, 2016
  • Table 8: Asia-Pacific life insurance market geography segmentation: $ billion, 2016
  • Table 9: Asia-Pacific life insurance market share: % share, by value, 2016
  • Table 10: Asia-Pacific life insurance market value forecast: $ billion, 2016-21
  • Table 11: Europe life insurance market value: $ billion, 2012-16
  • Table 12: Europe life insurance market category segmentation: $ billion, 2016
  • Table 13: Europe life insurance market geography segmentation: $ billion, 2016
  • Table 14: Europe life insurance market share: % share, by value, 2016
  • Table 15: Europe life insurance market value forecast: $ billion, 2016-21
  • Table 16: France life insurance market value: $ billion, 2012-16
  • Table 17: France life insurance market category segmentation: $ billion, 2016
  • Table 18: France life insurance market geography segmentation: $ billion, 2016
  • Table 19: France life insurance market share: % share, by value, 2016
  • Table 20: France life insurance market value forecast: $ billion, 2016-21
  • Table 21: France size of population (million), 2012-16
  • Table 22: France gdp (constant 2005 prices, $ billion), 2012-16
  • Table 23: France gdp (current prices, $ billion), 2012-16
  • Table 24: France inflation, 2012-16
  • Table 25: France consumer price index (absolute), 2012-16
  • Table 26: France exchange rate, 2012-16
  • Table 27: Germany life insurance market value: $ billion, 2012-16
  • Table 28: Germany life insurance market category segmentation: $ billion, 2016
  • Table 29: Germany life insurance market geography segmentation: $ billion, 2016
  • Table 30: Germany life insurance market share: % share, by value, 2016
  • Table 31: Germany life insurance market value forecast: $ billion, 2016-21
  • Table 32: Germany size of population (million), 2012-16
  • Table 33: Germany gdp (constant 2005 prices, $ billion), 2012-16
  • Table 34: Germany gdp (current prices, $ billion), 2012-16
  • Table 35: Germany inflation, 2012-16
  • Table 36: Germany consumer price index (absolute), 2012-16
  • Table 37: Germany exchange rate, 2012-16
  • Table 38: Australia life insurance market value: $ billion, 2012-16
  • Table 39: Australia life insurance market category segmentation: $ billion, 2016
  • Table 40: Australia life insurance market geography segmentation: $ billion, 2016
  • Table 41: Australia life insurance market share: % share, by value, 2016
  • Table 42: Australia life insurance market value forecast: $ billion, 2016-21
  • Table 43: Australia size of population (million), 2012-16
  • Table 44: Australia gdp (constant 2005 prices, $ billion), 2012-16
  • Table 45: Australia gdp (current prices, $ billion), 2012-16
  • Table 46: Australia inflation, 2012-16
  • Table 47: Australia consumer price index (absolute), 2012-16
  • Table 48: Australia exchange rate, 2012-16
  • Table 49: Brazil life insurance market value: $ billion, 2012-16
  • Table 50: Brazil life insurance market category segmentation: $ billion, 2016
  • Table 51: Brazil life insurance market geography segmentation: $ billion, 2016
  • Table 52: Brazil life insurance market share: % share, by value, 2016
  • Table 53: Brazil life insurance market value forecast: $ billion, 2016-21
  • Table 54: Brazil size of population (million), 2012-16
  • Table 55: Brazil gdp (constant 2005 prices, $ billion), 2012-16
  • Table 56: Brazil gdp (current prices, $ billion), 2012-16
  • Table 57: Brazil inflation, 2012-16
  • Table 58: Brazil consumer price index (absolute), 2012-16
  • Table 59: Brazil exchange rate, 2012-16
  • Table 60: Canada life insurance market value: $ billion, 2012-16
  • Table 61: Canada life insurance market category segmentation: $ billion, 2016
  • Table 62: Canada life insurance market geography segmentation: $ billion, 2016
  • Table 63: Canada life insurance market share: % share, by value, 2016
  • Table 64: Canada life insurance market value forecast: $ billion, 2016-21
  • Table 65: Canada size of population (million), 2012-16
  • Table 66: Canada gdp (constant 2005 prices, $ billion), 2012-16
  • Table 67: Canada gdp (current prices, $ billion), 2012-16
  • Table 68: Canada inflation, 2012-16
  • Table 69: Canada consumer price index (absolute), 2012-16
  • Table 70: Canada exchange rate, 2012-16

List of Figures

  • Figure 1: Global life insurance market value: $ billion, 2012-16 40
  • Figure 2: Global life insurance market category segmentation: % share, by value, 2016 41
  • Figure 3: Global life insurance market geography segmentation: % share, by value, 2016 42
  • Figure 4: Global life insurance market share: % share, by value, 2016 43
  • Figure 5: Global life insurance market value forecast: $ billion, 2016-21 44
  • Figure 6: Forces driving competition in the global life insurance market, 2016 45
  • Figure 7: Drivers of buyer power in the global life insurance market, 2016 46
  • Figure 8: Drivers of supplier power in the global life insurance market, 2016 47
  • Figure 9: Factors influencing the likelihood of new entrants in the global life insurance market, 2016 48
  • Figure 10: Factors influencing the threat of substitutes in the global life insurance market, 2016 50
  • Figure 11: Drivers of degree of rivalry in the global life insurance market, 2016 51
  • Figure 12: Asia-Pacific life insurance market value: $ billion, 2012-16 54
  • Figure 13: Asia-Pacific life insurance market category segmentation: % share, by value, 2016 55
  • Figure 14: Asia-Pacific life insurance market geography segmentation: % share, by value, 2016 56
  • Figure 15: Asia-Pacific life insurance market share: % share, by value, 2016 57
  • Figure 16: Asia-Pacific life insurance market value forecast: $ billion, 2016-21 58
  • Figure 17: Forces driving competition in the life insurance market in Asia-Pacific, 2016 59
  • Figure 18: Drivers of buyer power in the life insurance market in Asia-Pacific, 2016 60
  • Figure 19: Drivers of supplier power in the life insurance market in Asia-Pacific, 2016 61
  • Figure 20: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2016 62
  • Figure 21: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2016 64
  • Figure 22: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2016 65
  • Figure 23: Europe life insurance market value: $ billion, 2012-16 67
  • Figure 24: Europe life insurance market category segmentation: % share, by value, 2016 68
  • Figure 25: Europe life insurance market geography segmentation: % share, by value, 2016 69
  • Figure 26: Europe life insurance market share: % share, by value, 2016 70
  • Figure 27: Europe life insurance market value forecast: $ billion, 2016-21 71
  • Figure 28: Forces driving competition in the life insurance market in Europe, 2016 72
  • Figure 29: Drivers of buyer power in the life insurance market in Europe, 2016 73
  • Figure 30: Drivers of supplier power in the life insurance market in Europe, 2016 74
  • Figure 31: Factors influencing the likelihood of new entrants in the life insurance market in Europe, 2016 75
  • Figure 32: Factors influencing the threat of substitutes in the life insurance market in Europe, 2016 77
  • Figure 33: Drivers of degree of rivalry in the life insurance market in Europe, 2016 78
  • Figure 34: France life insurance market value: $ billion, 2012-16 80
  • Figure 35: France life insurance market category segmentation: % share, by value, 2016 81
  • Figure 36: France life insurance market geography segmentation: % share, by value, 2016 82
  • Figure 37: France life insurance market share: % share, by value, 2016 83
  • Figure 38: France life insurance market value forecast: $ billion, 2016-21 84
  • Figure 39: Forces driving competition in the life insurance market in France, 2016 85
  • Figure 40: Drivers of buyer power in the life insurance market in France, 2016 86
  • Figure 41: Drivers of supplier power in the life insurance market in France, 2016 87
  • Figure 42: Factors influencing the likelihood of new entrants in the life insurance market in France, 2016 88
  • Figure 43: Factors influencing the threat of substitutes in the life insurance market in France, 2016 89
  • Figure 44: Drivers of degree of rivalry in the life insurance market in France, 2016 90
  • Figure 45: Germany life insurance market value: $ billion, 2012-16 94
  • Figure 46: Germany life insurance market category segmentation: % share, by value, 2016 95
  • Figure 47: Germany life insurance market geography segmentation: % share, by value, 2016 96
  • Figure 48: Germany life insurance market share: % share, by value, 2016 97
  • Figure 49: Germany life insurance market value forecast: $ billion, 2016-21 98
  • Figure 50: Forces driving competition in the life insurance market in Germany, 2016 99
  • Figure 51: Drivers of buyer power in the life insurance market in Germany, 2016 100
  • Figure 52: Drivers of supplier power in the life insurance market in Germany, 2016 101
  • Figure 53: Factors influencing the likelihood of new entrants in the life insurance market in Germany, 2016 102
  • Figure 54: Factors influencing the threat of substitutes in the life insurance market in Germany, 2016 103
  • Figure 55: Drivers of degree of rivalry in the life insurance market in Germany, 2016 104
  • Figure 56: Australia life insurance market value: $ billion, 2012-16 108
  • Figure 57: Australia life insurance market category segmentation: % share, by value, 2016 109
  • Figure 58: Australia life insurance market geography segmentation: % share, by value, 2016 110
  • Figure 59: Australia life insurance market share: % share, by value, 2016 111
  • Figure 60: Australia life insurance market value forecast: $ billion, 2016-21 112
  • Figure 61: Forces driving competition in the life insurance market in Australia, 2016 113
  • Figure 62: Drivers of buyer power in the life insurance market in Australia, 2016 114
  • Figure 63: Drivers of supplier power in the life insurance market in Australia, 2016 115
  • Figure 64: Factors influencing the likelihood of new entrants in the life insurance market in Australia, 2016 116
  • Figure 65: Factors influencing the threat of substitutes in the life insurance market in Australia, 2016 118
  • Figure 66: Drivers of degree of rivalry in the life insurance market in Australia, 2016 119
  • Figure 67: Brazil life insurance market value: $ billion, 2012-16 123
  • Figure 68: Brazil life insurance market category segmentation: % share, by value, 2016 124
  • Figure 69: Brazil life insurance market geography segmentation: % share, by value, 2016 125
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