Life Insurance Market Overview

The Global Life Insurance Market Size Was Valued at USD 3187.51 billion In 2023 And Is Projected to Reach USD 4545.29 Billion By 2030, Growing at A CAGR of 5.2 % From 2023 To 2030.

The selling of life insurance plans makes up the market. When an insured individual die, a life insurance broker enters into a legal arrangement with the policyholder in which the insurer agrees to pay a specified beneficiary a sum of money in return for a premium. Through underwriting insurance annuities, insurance companies are mainly involved in risk pooling. The insurance industry has changed dramatically as a result of robotic process automation and artificial intelligence.

The market is employing robotic process automation and artificial intelligence to reliably predict results, enhance customer experience, direct the creation of new products, identify threats, and cross-promote products. Aditya Birla, for example. Sun Life Insurance has released DISHA 2.0, an upgraded AI-enabled Chabot that helps customers access customized options. These technological advancements can improve the consumer experience while also propelling the industry forward.

Life Insurance Market

Life Insurance Market Dynamics

Regulatory bodies such as the National Association of Insurance Commissioners (NAIC) in the United States, the Prudential Regulatory Authority (PRA) in the United Kingdom, and the China Insurance Regulatory Commission in China keep an eye on life insurance firms. For example, The State Council has entrusted the China Insurance Regulatory Commission with the management, oversight, and control of the Chinese insurance sector, as well as ensuring that the industry runs smoothly and in accordance with the law. CIRC is in charge of licensing, designing reinsurance business management rules, and life and health insurance administration initiatives.

A lack of awareness about life insurance and various insurance products is holding back the market industry. Many people choose to invest in traditional investment instruments because they are unaware of the benefits of the market. According to a PHD Research Bureau study, approximately 49% of the Indian population is unfamiliar with insurance products, and approximately 57% of those who are familiar with insurance products find them too complicated and difficult to understand. The market industry is hampered by a lack of knowledge and understanding.

Market Segmentation

Regional Outlook of Life Insurance Market

North America region dominated the life insurance market, followed by Asia Pacific. The market is expected to be driven by rising disposable income in developing countries such as India and China. Middle-income earners have more discretionary income, which encourages them to invest in market. According to a Swiss Re Institute survey, the world's seven largest emerging markets will account for 42% of global growth, with China accounting for 27%. This increase in disposable income, especially in emerging markets, is expected to fuel demand for the policies, propelling the market forward.

Players Covered in Life Insurance market are :

  • Allianz
  • AXA
  • Nippon Life Insurance
  • American Intl. Group
  • Aviva
  • Assicurazioni Generali
  • State Farm Insurance
  • Dai-ichi Mutual Life Insurance
  • Munich Re Group
  • Zurich Financial Services
  • Prudential
  • Asahi Mutual Life Insurance
  • Sumitomo Life Insurance
  • Aegon
  • MetLife
  • Swiss Reinsurance
  • CNP Assurances
  • Meiji Yasuda Life Insurance Company
  • Standard Life Assurance
  • WanaArtha Life
  • Asian Life Insurance Company
  • AIA Group Limited
  • China Life Insurance Company Limited
  • China Ping An Life Insurance Company Limited
  • ACE Group

These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.

Aetna, a corporation, was purchased by CVS Health, a pharmaceutical company, for a total purchase value of $78 billion. Enhanced customer and health insurance premium guarantees, privacy safeguards, and cyber security enforcement are also part of the arrangement between the two firms. The combined company's capabilities, such as technology, data, and analytics, will be used to develop new program and services aimed at healthier, more effective chronic disease management. Aetna starts selling dividend-paying participating life insurance plans to policyholders. Aetna was well-known for its aggressive marketing tactics and high commission rates for agents.

Global Life Insurance Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2016 to 2020

Market Size in 2023:

USD 3187.51 Bn.

Forecast Period 2023-30 CAGR:

5.2 %

Market Size in 2030:

USD 4545.29  Bn.

Segments Covered:

By Type

  • Term life insurance
  • Whole life insurance
  • Universal life insurance
  • Others

By Provider

  • Private Agencies
  • Government Agencies
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapidly expanding middle class population coupled with growing financial wealth

Key Market Restraints:

  • Negligence shown by individuals, and the lack of unawareness in underdeveloped countries

Key Opportunities:

  • Enhancing cybersecurity, and expanding capabilities across the organization
  • The COVID-19 pandemic has boosted the number of insurers

Companies Covered in the report:

  • Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Prudential, and Other Major Players

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Provider

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Life Insurance Market by Type
 5.1 Life Insurance Market Overview Snapshot and Growth Engine
 5.2 Life Insurance Market Overview
 5.3 Term life Insurance
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Term life Insurance: Grographic Segmentation
 5.4 Whole life Insurance
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Whole life Insurance: Grographic Segmentation
 5.5 Universal life Insurance
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Universal life Insurance: Grographic Segmentation
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Grographic Segmentation

Chapter 6: Life Insurance Market by Provider
 6.1 Life Insurance Market Overview Snapshot and Growth Engine
 6.2 Life Insurance Market Overview
 6.3 Private Agencies
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Private Agencies: Grographic Segmentation
 6.4 Government Agencies
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Government Agencies: Grographic Segmentation
 6.5 Others
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Others: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Life Insurance Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Life Insurance Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Life Insurance Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 ALLIANZ
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 AXA
 7.4 NIPPON LIFE INSURANCE
 7.5 AMERICAN INTL. GROUP
 7.6 AVIVA
 7.7 ASSICURAZIONI GENERALI
 7.8 STATE FARM INSURANCE
 7.9 DAI-ICHI MUTUAL LIFE INSURANCE
 7.10 MUNICH RE GROUP
 7.11 ZURICH FINANCIAL SERVICES
 7.12 PRUDENTIAL
 7.13 ASAHI MUTUAL LIFE INSURANCE
 7.14 SUMITOMO LIFE INSURANCE
 7.15 AEGON
 7.16 METLIFE
 7.17 SWISS REINSURANCE
 7.18 CNP ASSURANCES
 7.19 MEIJI YASUDA LIFE INSURANCE COMPANY
 7.20 STANDARD LIFE ASSURANCE
 7.21 WANAARTHA LIFE
 7.22 ASIAN LIFE INSURANCE COMPANY
 7.23 AIA GROUP LIMITED
 7.24 CHINA LIFE INSURANCE COMPANY LIMITED
 7.25 CHINA PING AN LIFE INSURANCE COMPANY LIMITED
 7.26 ACE GROUP
 7.27 OTHER MAJOR PLAYERS

Chapter 8: Global Life Insurance Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Term life Insurance
  8.2.2 Whole life Insurance
  8.2.3 Universal life Insurance
  8.2.4 Others
 8.3 Historic and Forecasted Market Size By Provider
  8.3.1 Private Agencies
  8.3.2 Government Agencies
  8.3.3 Others

Chapter 9: North America Life Insurance Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Term life Insurance
  9.4.2 Whole life Insurance
  9.4.3 Universal life Insurance
  9.4.4 Others
 9.5 Historic and Forecasted Market Size By Provider
  9.5.1 Private Agencies
  9.5.2 Government Agencies
  9.5.3 Others
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Life Insurance Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Term life Insurance
  10.4.2 Whole life Insurance
  10.4.3 Universal life Insurance
  10.4.4 Others
 10.5 Historic and Forecasted Market Size By Provider
  10.5.1 Private Agencies
  10.5.2 Government Agencies
  10.5.3 Others
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Life Insurance Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Term life Insurance
  11.4.2 Whole life Insurance
  11.4.3 Universal life Insurance
  11.4.4 Others
 11.5 Historic and Forecasted Market Size By Provider
  11.5.1 Private Agencies
  11.5.2 Government Agencies
  11.5.3 Others
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Life Insurance Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Term life Insurance
  12.4.2 Whole life Insurance
  12.4.3 Universal life Insurance
  12.4.4 Others
 12.5 Historic and Forecasted Market Size By Provider
  12.5.1 Private Agencies
  12.5.2 Government Agencies
  12.5.3 Others
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Life Insurance Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Term life Insurance
  13.4.2 Whole life Insurance
  13.4.3 Universal life Insurance
  13.4.4 Others
 13.5 Historic and Forecasted Market Size By Provider
  13.5.1 Private Agencies
  13.5.2 Government Agencies
  13.5.3 Others
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Life Insurance Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2016 to 2020

Market Size in 2023:

USD 3187.51 Bn.

Forecast Period 2023-30 CAGR:

5.2 %

Market Size in 2030:

USD 4545.29  Bn.

Segments Covered:

By Type

  • Term life insurance
  • Whole life insurance
  • Universal life insurance
  • Others

By Provider

  • Private Agencies
  • Government Agencies
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapidly expanding middle class population coupled with growing financial wealth

Key Market Restraints:

  • Negligence shown by individuals, and the lack of unawareness in underdeveloped countries

Key Opportunities:

  • Enhancing cybersecurity, and expanding capabilities across the organization
  • The COVID-19 pandemic has boosted the number of insurers

Companies Covered in the report:

  • Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Prudential, and Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. LIFE INSURANCE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. LIFE INSURANCE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. LIFE INSURANCE MARKET COMPETITIVE RIVALRY
TABLE 005. LIFE INSURANCE MARKET THREAT OF NEW ENTRANTS
TABLE 006. LIFE INSURANCE MARKET THREAT OF SUBSTITUTES
TABLE 007. LIFE INSURANCE MARKET BY TYPE
TABLE 008. TERM LIFE INSURANCE MARKET OVERVIEW (2016-2028)
TABLE 009. WHOLE LIFE INSURANCE MARKET OVERVIEW (2016-2028)
TABLE 010. UNIVERSAL LIFE INSURANCE MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. LIFE INSURANCE MARKET BY PROVIDER
TABLE 013. PRIVATE AGENCIES MARKET OVERVIEW (2016-2028)
TABLE 014. GOVERNMENT AGENCIES MARKET OVERVIEW (2016-2028)
TABLE 015. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA LIFE INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 017. NORTH AMERICA LIFE INSURANCE MARKET, BY PROVIDER (2016-2028)
TABLE 018. N LIFE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE LIFE INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 020. EUROPE LIFE INSURANCE MARKET, BY PROVIDER (2016-2028)
TABLE 021. LIFE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC LIFE INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 023. ASIA PACIFIC LIFE INSURANCE MARKET, BY PROVIDER (2016-2028)
TABLE 024. LIFE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA LIFE INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA LIFE INSURANCE MARKET, BY PROVIDER (2016-2028)
TABLE 027. LIFE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA LIFE INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 029. SOUTH AMERICA LIFE INSURANCE MARKET, BY PROVIDER (2016-2028)
TABLE 030. LIFE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 031. ALLIANZ: SNAPSHOT
TABLE 032. ALLIANZ: BUSINESS PERFORMANCE
TABLE 033. ALLIANZ: PRODUCT PORTFOLIO
TABLE 034. ALLIANZ: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. AXA: SNAPSHOT
TABLE 035. AXA: BUSINESS PERFORMANCE
TABLE 036. AXA: PRODUCT PORTFOLIO
TABLE 037. AXA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. NIPPON LIFE INSURANCE: SNAPSHOT
TABLE 038. NIPPON LIFE INSURANCE: BUSINESS PERFORMANCE
TABLE 039. NIPPON LIFE INSURANCE: PRODUCT PORTFOLIO
TABLE 040. NIPPON LIFE INSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. AMERICAN INTL. GROUP: SNAPSHOT
TABLE 041. AMERICAN INTL. GROUP: BUSINESS PERFORMANCE
TABLE 042. AMERICAN INTL. GROUP: PRODUCT PORTFOLIO
TABLE 043. AMERICAN INTL. GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. AVIVA: SNAPSHOT
TABLE 044. AVIVA: BUSINESS PERFORMANCE
TABLE 045. AVIVA: PRODUCT PORTFOLIO
TABLE 046. AVIVA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. ASSICURAZIONI GENERALI: SNAPSHOT
TABLE 047. ASSICURAZIONI GENERALI: BUSINESS PERFORMANCE
TABLE 048. ASSICURAZIONI GENERALI: PRODUCT PORTFOLIO
TABLE 049. ASSICURAZIONI GENERALI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. STATE FARM INSURANCE: SNAPSHOT
TABLE 050. STATE FARM INSURANCE: BUSINESS PERFORMANCE
TABLE 051. STATE FARM INSURANCE: PRODUCT PORTFOLIO
TABLE 052. STATE FARM INSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. DAI-ICHI MUTUAL LIFE INSURANCE: SNAPSHOT
TABLE 053. DAI-ICHI MUTUAL LIFE INSURANCE: BUSINESS PERFORMANCE
TABLE 054. DAI-ICHI MUTUAL LIFE INSURANCE: PRODUCT PORTFOLIO
TABLE 055. DAI-ICHI MUTUAL LIFE INSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. MUNICH RE GROUP: SNAPSHOT
TABLE 056. MUNICH RE GROUP: BUSINESS PERFORMANCE
TABLE 057. MUNICH RE GROUP: PRODUCT PORTFOLIO
TABLE 058. MUNICH RE GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. ZURICH FINANCIAL SERVICES: SNAPSHOT
TABLE 059. ZURICH FINANCIAL SERVICES: BUSINESS PERFORMANCE
TABLE 060. ZURICH FINANCIAL SERVICES: PRODUCT PORTFOLIO
TABLE 061. ZURICH FINANCIAL SERVICES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. PRUDENTIAL: SNAPSHOT
TABLE 062. PRUDENTIAL: BUSINESS PERFORMANCE
TABLE 063. PRUDENTIAL: PRODUCT PORTFOLIO
TABLE 064. PRUDENTIAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. ASAHI MUTUAL LIFE INSURANCE: SNAPSHOT
TABLE 065. ASAHI MUTUAL LIFE INSURANCE: BUSINESS PERFORMANCE
TABLE 066. ASAHI MUTUAL LIFE INSURANCE: PRODUCT PORTFOLIO
TABLE 067. ASAHI MUTUAL LIFE INSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. SUMITOMO LIFE INSURANCE: SNAPSHOT
TABLE 068. SUMITOMO LIFE INSURANCE: BUSINESS PERFORMANCE
TABLE 069. SUMITOMO LIFE INSURANCE: PRODUCT PORTFOLIO
TABLE 070. SUMITOMO LIFE INSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. AEGON: SNAPSHOT
TABLE 071. AEGON: BUSINESS PERFORMANCE
TABLE 072. AEGON: PRODUCT PORTFOLIO
TABLE 073. AEGON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. METLIFE: SNAPSHOT
TABLE 074. METLIFE: BUSINESS PERFORMANCE
TABLE 075. METLIFE: PRODUCT PORTFOLIO
TABLE 076. METLIFE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. SWISS REINSURANCE: SNAPSHOT
TABLE 077. SWISS REINSURANCE: BUSINESS PERFORMANCE
TABLE 078. SWISS REINSURANCE: PRODUCT PORTFOLIO
TABLE 079. SWISS REINSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. CNP ASSURANCES: SNAPSHOT
TABLE 080. CNP ASSURANCES: BUSINESS PERFORMANCE
TABLE 081. CNP ASSURANCES: PRODUCT PORTFOLIO
TABLE 082. CNP ASSURANCES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. MEIJI YASUDA LIFE INSURANCE COMPANY: SNAPSHOT
TABLE 083. MEIJI YASUDA LIFE INSURANCE COMPANY: BUSINESS PERFORMANCE
TABLE 084. MEIJI YASUDA LIFE INSURANCE COMPANY: PRODUCT PORTFOLIO
TABLE 085. MEIJI YASUDA LIFE INSURANCE COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. STANDARD LIFE ASSURANCE: SNAPSHOT
TABLE 086. STANDARD LIFE ASSURANCE: BUSINESS PERFORMANCE
TABLE 087. STANDARD LIFE ASSURANCE: PRODUCT PORTFOLIO
TABLE 088. STANDARD LIFE ASSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. WANAARTHA LIFE: SNAPSHOT
TABLE 089. WANAARTHA LIFE: BUSINESS PERFORMANCE
TABLE 090. WANAARTHA LIFE: PRODUCT PORTFOLIO
TABLE 091. WANAARTHA LIFE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. ASIAN LIFE INSURANCE COMPANY: SNAPSHOT
TABLE 092. ASIAN LIFE INSURANCE COMPANY: BUSINESS PERFORMANCE
TABLE 093. ASIAN LIFE INSURANCE COMPANY: PRODUCT PORTFOLIO
TABLE 094. ASIAN LIFE INSURANCE COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. AIA GROUP LIMITED: SNAPSHOT
TABLE 095. AIA GROUP LIMITED: BUSINESS PERFORMANCE
TABLE 096. AIA GROUP LIMITED: PRODUCT PORTFOLIO
TABLE 097. AIA GROUP LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. CHINA LIFE INSURANCE COMPANY LIMITED: SNAPSHOT
TABLE 098. CHINA LIFE INSURANCE COMPANY LIMITED: BUSINESS PERFORMANCE
TABLE 099. CHINA LIFE INSURANCE COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 100. CHINA LIFE INSURANCE COMPANY LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. CHINA PING AN LIFE INSURANCE COMPANY LIMITED: SNAPSHOT
TABLE 101. CHINA PING AN LIFE INSURANCE COMPANY LIMITED: BUSINESS PERFORMANCE
TABLE 102. CHINA PING AN LIFE INSURANCE COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 103. CHINA PING AN LIFE INSURANCE COMPANY LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103. ACE GROUP: SNAPSHOT
TABLE 104. ACE GROUP: BUSINESS PERFORMANCE
TABLE 105. ACE GROUP: PRODUCT PORTFOLIO
TABLE 106. ACE GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 106. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 107. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 108. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 109. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. LIFE INSURANCE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. LIFE INSURANCE MARKET OVERVIEW BY TYPE
FIGURE 012. TERM LIFE INSURANCE MARKET OVERVIEW (2016-2028)
FIGURE 013. WHOLE LIFE INSURANCE MARKET OVERVIEW (2016-2028)
FIGURE 014. UNIVERSAL LIFE INSURANCE MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. LIFE INSURANCE MARKET OVERVIEW BY PROVIDER
FIGURE 017. PRIVATE AGENCIES MARKET OVERVIEW (2016-2028)
FIGURE 018. GOVERNMENT AGENCIES MARKET OVERVIEW (2016-2028)
FIGURE 019. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA LIFE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE LIFE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC LIFE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA LIFE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA LIFE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Life Insurance Market research report?

The forecast period in the Life Insurance Market research report is 2022-2028

Who are the key players in Life Insurance Market?

Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Prudential, and Other Major Players

What are the segments of the Life Insurance Market?

The Life Insurance Market is segmented into Type, Provider, and Region. By Type, the market is categorized into Term life insurance, Whole life insurance, Universal life insurance, and Others. By Provider, the market is categorized into Private Agencies, Government Agencies, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Life Insurance Market?

A life insurance policy is a legal agreement between an insurer and a policyholder. In exchange for the premiums paid by the policyholder during their lifetime, a life insurance policy guarantees that the insurer will pay a sum of money to named beneficiaries when the insured dies.

How big is the Life Insurance Market?

The Global Life Insurance Market Size Was Valued at USD 3187.51 billion In 2023 And Is Projected to Reach USD 4545.29 Billion By 2030, Growing at A CAGR of 5.2 % From 2023 To 2030.