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Market Research Report

Insurance Global Industry Almanac 2017

Published by MarketLine Product code 599664
Published Content info 736 Pages
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Insurance Global Industry Almanac 2017
Published: December 31, 2017 Content info: 736 Pages
Description

Summary

Global Insurance industry profile provides top-line qualitative and quantitative summary information including: 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 insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies.

Key highlights

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 2016 average exchange rates.

The global insurance market had total gross written premiums of $4,609.3bn in 2016, representing a compound annual growth rate (CAGR) of 4% between 2012 and 2016.

The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $2,563.0bn, equivalent to 55.6% of the market's overall value.

The rapid emergence of the Asia-Pacific market, and particularly of the Chinese market, has largely contributed to the growth of the global market in recent years. This contribution becomes more apparent from the fact that developed markets such as the European and the US have grown below the global average since demand is constrained by high penetration of insurance products. Additionally, the low interest environment, especially in Europe, has reduced the investment income of insurers, limiting the underwriting capacity of insurers and their price flexibility on premiums. Most importantly, the life insurance segment was hurt most by this relaxed monetary policy as the reduced returns of these products have induced lower guarantees that are less attractive for consumers.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global insurance market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global insurance market
  • Leading company profiles reveal details of key insurance market players' global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the global insurance market with five year forecasts
  • Reasons to buy
  • What was the size of the global insurance market by value in 2016?
  • What will be the size of the global insurance market in 2021?
  • What factors are affecting the strength of competition in the global insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the global insurance market?
Table of Contents
Product Code: MLIG1740-01

Table of Contents

EXECUTIVE SUMMARY 2

    Market value 2

    Market value forecast 2

    Category segmentation 2

    Geography segmentation 2

    Introduction 42

    What is this report about? 42

    Who is the target reader? 42

    How to use this report 42

    Definitions 42

    Global Insurance 43

    Market Overview 43

    Market Data 44

    Market Segmentation 45

    Market outlook 47

    Five forces analysis 48

    Insurance in Asia-Pacific 59

    Market Overview 59

    Market Data 61

    Market Segmentation 62

    Market outlook 64

    Five forces analysis 65

    Insurance in Europe 76

    Market Overview 76

    Market Data 77

    Market Segmentation 78

    Market outlook 80

    Five forces analysis 81

    Insurance in Finland 91

    Market Overview 91

    Market Data 92

    Market Segmentation 93

    Market outlook 95

    Five forces analysis 96

    Macroeconomic indicators 106

    Insurance in France 108

    Market Overview 108

    Market Data 109

    Market Segmentation 110

    Market outlook 112

    Five forces analysis 113

    Macroeconomic indicators 123

    Insurance in Germany 125

    Market Overview 125

    Market Data 126

    Market Segmentation 127

    Market outlook 129

    Five forces analysis 130

    Macroeconomic indicators 140

    Insurance in India 142

    Market Overview 142

    Market Data 143

    Market Segmentation 144

    Market outlook 146

    Five forces analysis 147

    Macroeconomic indicators 157

    Insurance in Indonesia 159

    Market Overview 159

    Market Data 160

    Market Segmentation 161

    Market outlook 163

    Five forces analysis 164

    Macroeconomic indicators 174

    Insurance in Italy 176

    Market Overview 176

    Market Data 177

    Market Segmentation 178

    Market outlook 180

    Five forces analysis 181

    Macroeconomic indicators 191

    Insurance in Japan 193

    Market Overview 193

    Market Data 194

    Market Segmentation 195

    Market outlook 197

    Five forces analysis 198

    Macroeconomic indicators 208

    Insurance in Mexico 210

    Market Overview 210

    Market Data 211

    Market Segmentation 212

    Market outlook 214

    Five forces analysis 215

    Macroeconomic indicators 225

    Insurance in The Netherlands 227

    Market Overview 227

    Market Data 228

    Market Segmentation 229

    Market outlook 231

    Five forces analysis 232

    Macroeconomic indicators 242

    Insurance in North America 244

    Market Overview 244

    Market Data 245

    Market Segmentation 246

    Market outlook 248

    Five forces analysis 249

    Insurance in Norway 259

    Market Overview 259

    Market Data 260

    Market Segmentation 261

    Market outlook 263

    Five forces analysis 264

    Macroeconomic indicators 274

    Insurance in Russia 276

    Market Overview 276

    Market Data 277

    Market Segmentation 278

    Market outlook 280

    Five forces analysis 281

    Macroeconomic indicators 291

    Insurance in Singapore 293

    Market Overview 293

    Market Data 294

    Market Segmentation 295

    Market outlook 297

    Five forces analysis 298

    Macroeconomic indicators 308

    Insurance in South Africa 310

    Market Overview 310

    Market Data 311

    Market Segmentation 312

    Market outlook 314

    Five forces analysis 315

    Macroeconomic indicators 325

    Insurance in South Korea 327

    Market Overview 327

    Market Data 328

    Market Segmentation 329

    Market outlook 331

    Five forces analysis 332

    Macroeconomic indicators 342

    Insurance in Spain 344

    Market Overview 344

    Market Data 345

    Market Segmentation 346

    Market outlook 348

    Five forces analysis 349

    Macroeconomic indicators 359

    Insurance in Sweden 361

    Market Overview 361

    Market Data 362

    Market Segmentation 363

    Market outlook 365

    Five forces analysis 366

    Macroeconomic indicators 376

    Insurance in Turkey 378

    Market Overview 378

    Market Data 379

    Market Segmentation 380

    Market outlook 382

    Five forces analysis 383

    Macroeconomic indicators 393

    Insurance in The United Kingdom 395

    Market Overview 395

    Market Data 396

    Market Segmentation 397

    Market outlook 399

    Five forces analysis 400

    Macroeconomic indicators 410

    Insurance in The United States 412

    Market Overview 412

    Market Data 413

    Market Segmentation 414

    Market outlook 416

    Five forces analysis 417

    Macroeconomic indicators 427

    Insurance in Australia 429

    Market Overview 429

    Market Data 430

    Market Segmentation 431

    Market outlook 433

    Five forces analysis 434

    Macroeconomic indicators 444

    Insurance in Brazil 446

    Market Overview 446

    Market Data 447

    Market Segmentation 448

    Market outlook 450

    Five forces analysis 451

    Macroeconomic indicators 461

    Insurance in Canada 463

    Market Overview 463

    Market Data 464

    Market Segmentation 465

    Market outlook 467

    Five forces analysis 468

    Macroeconomic indicators 478

    Insurance in China 480

    Market Overview 480

    Market Data 481

    Market Segmentation 482

    Market outlook 484

    Five forces analysis 485

    Macroeconomic indicators 495

    Insurance in Denmark 497

    Market Overview 497

    Market Data 498

    Market Segmentation 499

    Market outlook 501

    Five forces analysis 502

    Macroeconomic indicators 512

    Company Profiles 514

    Leading Companies 514

    Appendix 734

    Methodology 734

    About MarketLine 735

List of Tables

  • Table 1: Global insurance market value: $ billion, 2012-16
  • Table 2: Global insurance market category segmentation: $ billion, 2016
  • Table 3: Global insurance market geography segmentation: $ billion, 2016
  • Table 4: Global insurance market value forecast: $ billion, 2016-21
  • Table 5: Asia-Pacific insurance market value: $ billion, 2012-16
  • Table 6: Asia-Pacific insurance market category segmentation: $ billion, 2016
  • Table 7: Asia-Pacific insurance market geography segmentation: $ billion, 2016
  • Table 8: Asia-Pacific insurance market value forecast: $ billion, 2016-21
  • Table 9: Europe insurance market value: $ billion, 2012-16
  • Table 10: Europe insurance market category segmentation: $ billion, 2016
  • Table 11: Europe insurance market geography segmentation: $ billion, 2016
  • Table 12: Europe insurance market value forecast: $ billion, 2016-21
  • Table 13: Finland insurance market value: $ billion, 2012-16
  • Table 14: Finland insurance market category segmentation: $ billion, 2016
  • Table 15: Finland insurance market geography segmentation: $ billion, 2016
  • Table 16: Finland insurance market value forecast: $ billion, 2016-21
  • Table 17: Finland size of population (million), 2012-16
  • Table 18: Finland gdp (constant 2005 prices, $ billion), 2012-16
  • Table 19: Finland gdp (current prices, $ billion), 2012-16
  • Table 20: Finland inflation, 2012-16
  • Table 21: Finland consumer price index (absolute), 2012-16
  • Table 22: Finland exchange rate, 2012-16
  • Table 23: France insurance market value: $ billion, 2012-16
  • Table 24: France insurance market category segmentation: $ billion, 2016
  • Table 25: France insurance market geography segmentation: $ billion, 2016
  • Table 26: France insurance market value forecast: $ billion, 2016-21
  • Table 27: France size of population (million), 2012-16
  • Table 28: France gdp (constant 2005 prices, $ billion), 2012-16
  • Table 29: France gdp (current prices, $ billion), 2012-16
  • Table 30: France inflation, 2012-16
  • Table 31: France consumer price index (absolute), 2012-16
  • Table 32: France exchange rate, 2012-16
  • Table 33: Germany insurance market value: $ billion, 2012-16
  • Table 34: Germany insurance market category segmentation: $ billion, 2016
  • Table 35: Germany insurance market geography segmentation: $ billion, 2016
  • Table 36: Germany insurance market value forecast: $ billion, 2016-21
  • Table 37: Germany size of population (million), 2012-16
  • Table 38: Germany gdp (constant 2005 prices, $ billion), 2012-16
  • Table 39: Germany gdp (current prices, $ billion), 2012-16
  • Table 40: Germany inflation, 2012-16
  • Table 41: Germany consumer price index (absolute), 2012-16
  • Table 42: Germany exchange rate, 2012-16
  • Table 43: India insurance market value: $ billion, 2012-16
  • Table 44: India insurance market category segmentation: $ billion, 2016
  • Table 45: India insurance market geography segmentation: $ billion, 2016
  • Table 46: India insurance market value forecast: $ billion, 2016-21
  • Table 47: India size of population (million), 2012-16
  • Table 48: India gdp (constant 2005 prices, $ billion), 2012-16
  • Table 49: India gdp (current prices, $ billion), 2012-16
  • Table 50: India inflation, 2012-16
  • Table 51: India consumer price index (absolute), 2012-16
  • Table 52: India exchange rate, 2012-16
  • Table 53: Indonesia insurance market value: $ billion, 2012-16
  • Table 54: Indonesia insurance market category segmentation: $ billion, 2016
  • Table 55: Indonesia insurance market geography segmentation: $ billion, 2016
  • Table 56: Indonesia insurance market value forecast: $ billion, 2016-21
  • Table 57: Indonesia size of population (million), 2012-16
  • Table 58: Indonesia gdp (constant 2005 prices, $ billion), 2012-16
  • Table 59: Indonesia gdp (current prices, $ billion), 2012-16
  • Table 60: Indonesia inflation, 2012-16
  • Table 61: Indonesia consumer price index (absolute), 2012-16
  • Table 62: Indonesia exchange rate, 2012-16
  • Table 63: Italy insurance market value: $ billion, 2012-16
  • Table 64: Italy insurance market category segmentation: $ billion, 2016
  • Table 65: Italy insurance market geography segmentation: $ billion, 2016
  • Table 66: Italy insurance market value forecast: $ billion, 2016-21
  • Table 67: Italy size of population (million), 2012-16
  • Table 68: Italy gdp (constant 2005 prices, $ billion), 2012-16
  • Table 69: Italy gdp (current prices, $ billion), 2012-16
  • Table 70: Italy inflation, 2012-16
  • Table 71: Italy consumer price index (absolute), 2012-16
  • Table 72: Italy exchange rate, 2012-16
  • Table 73: Japan insurance market value: $ billion, 2012-16
  • Table 74: Japan insurance market category segmentation: $ billion, 2016
  • Table 75: Japan insurance market geography segmentation: $ billion, 2016

List of Figures

  • Figure 1: Global insurance market value: $ billion, 2012-16
  • Figure 2: Global insurance market category segmentation: % share, by value, 2016
  • Figure 3: Global insurance market geography segmentation: % share, by value, 2016
  • Figure 4: Global insurance market value forecast: $ billion, 2016-21
  • Figure 5: Forces driving competition in the global insurance market, 2016
  • Figure 6: Drivers of buyer power in the global insurance market, 2016
  • Figure 7: Drivers of supplier power in the global insurance market, 2016
  • Figure 8: Factors influencing the likelihood of new entrants in the global insurance market, 2016
  • Figure 9: Factors influencing the threat of substitutes in the global insurance market, 2016
  • Figure 10: Drivers of degree of rivalry in the global insurance market, 2016
  • Figure 11: Asia-Pacific insurance market value: $ billion, 2012-16
  • Figure 12: Asia-Pacific insurance market category segmentation: % share, by value, 2016
  • Figure 13: Asia-Pacific insurance market geography segmentation: % share, by value, 2016
  • Figure 14: Asia-Pacific insurance market value forecast: $ billion, 2016-21
  • Figure 15: Forces driving competition in the insurance market in Asia-Pacific, 2016
  • Figure 16: Drivers of buyer power in the insurance market in Asia-Pacific, 2016
  • Figure 17: Drivers of supplier power in the insurance market in Asia-Pacific, 2016
  • Figure 18: Factors influencing the likelihood of new entrants in the insurance market in Asia-Pacific, 2016
  • Figure 19: Factors influencing the threat of substitutes in the insurance market in Asia-Pacific, 2016
  • Figure 20: Drivers of degree of rivalry in the insurance market in Asia-Pacific, 2016
  • Figure 21: Europe insurance market value: $ billion, 2012-16
  • Figure 22: Europe insurance market category segmentation: % share, by value, 2016
  • Figure 23: Europe insurance market geography segmentation: % share, by value, 2016
  • Figure 24: Europe insurance market value forecast: $ billion, 2016-21
  • Figure 25: Forces driving competition in the insurance market in Europe, 2016
  • Figure 26: Drivers of buyer power in the insurance market in Europe, 2016
  • Figure 27: Drivers of supplier power in the insurance market in Europe, 2016
  • Figure 28: Factors influencing the likelihood of new entrants in the insurance market in Europe, 2016
  • Figure 29: Factors influencing the threat of substitutes in the insurance market in Europe, 2016
  • Figure 30: Drivers of degree of rivalry in the insurance market in Europe, 2016
  • Figure 31: Finland insurance market value: $ billion, 2012-16
  • Figure 32: Finland insurance market category segmentation: % share, by value, 2016
  • Figure 33: Finland insurance market geography segmentation: % share, by value, 2016
  • Figure 34: Finland insurance market value forecast: $ billion, 2016-21
  • Figure 35: Forces driving competition in the insurance market in Finland, 2016
  • Figure 36: Drivers of buyer power in the insurance market in Finland, 2016
  • Figure 37: Drivers of supplier power in the insurance market in Finland, 2016
  • Figure 38: Factors influencing the likelihood of new entrants in the insurance market in Finland, 2016
  • Figure 39: Factors influencing the threat of substitutes in the insurance market in Finland, 2016
  • Figure 40: Drivers of degree of rivalry in the insurance market in Finland, 2016
  • Figure 41: France insurance market value: $ billion, 2012-16
  • Figure 42: France insurance market category segmentation: % share, by value, 2016
  • Figure 43: France insurance market geography segmentation: % share, by value, 2016
  • Figure 44: France insurance market value forecast: $ billion, 2016-21
  • Figure 45: Forces driving competition in the insurance market in France, 2016
  • Figure 46: Drivers of buyer power in the insurance market in France, 2016
  • Figure 47: Drivers of supplier power in the insurance market in France, 2016
  • Figure 48: Factors influencing the likelihood of new entrants in the insurance market in France, 2016
  • Figure 49: Factors influencing the threat of substitutes in the insurance market in France, 2016
  • Figure 50: Drivers of degree of rivalry in the insurance market in France, 2016
  • Figure 51: Germany insurance market value: $ billion, 2012-16
  • Figure 52: Germany insurance market category segmentation: % share, by value, 2016
  • Figure 53: Germany insurance market geography segmentation: % share, by value, 2016
  • Figure 54: Germany insurance market value forecast: $ billion, 2016-21
  • Figure 55: Forces driving competition in the insurance market in Germany, 2016
  • Figure 56: Drivers of buyer power in the insurance market in Germany, 2016
  • Figure 57: Drivers of supplier power in the insurance market in Germany, 2016
  • Figure 58: Factors influencing the likelihood of new entrants in the insurance market in Germany, 2016
  • Figure 59: Factors influencing the threat of substitutes in the insurance market in Germany, 2016
  • Figure 60: Drivers of degree of rivalry in the insurance market in Germany, 2016
  • Figure 61: India insurance market value: $ billion, 2012-16
  • Figure 62: India insurance market category segmentation: % share, by value, 2016
  • Figure 63: India insurance market geography segmentation: % share, by value, 2016
  • Figure 64: India insurance market value forecast: $ billion, 2016-21
  • Figure 65: Forces driving competition in the insurance market in India, 2016
  • Figure 66: Drivers of buyer power in the insurance market in India, 2016
  • Figure 67: Drivers of supplier power in the insurance market in India, 2016
  • Figure 68: Factors influencing the likelihood of new entrants in the insurance market in India, 2016
  • Figure 69: Factors influencing the threat of substitutes in the insurance market in India, 2016
  • Figure 70: Drivers of degree of rivalry in the insurance market in India, 2016
  • Figure 71: Indonesia insurance market value: $ billion, 2012-16
  • Figure 72: Indonesia insurance market category segmentation: % share, by value, 2016
  • Figure 73: Indonesia insurance market geography segmentation: % share, by value, 2016
  • Figure 74: Indonesia insurance market value forecast: $ billion, 2016-21
  • Figure 75: Forces driving competition in the insurance market in Indonesia, 2016
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