Post Covid Rising Demand for Insurance Market 2020

AUG 18, 2020: The global Insurance market was valued at $XX million in 2018, and Radiant Research analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028.

This report provides detailed historical analysis of global market for Insurance from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Insurance market.

To Request A Sample Copy Of This Report @:   https://www.radiantinsights.com/research/2013-2028-report-on-global-insurance-market/request-sample

Leading players of Insurance including:

• Allianz

• AXA

• Generali

• Ping An Insurance

• China Life Insurance

• Prudential PLC

• Munich Re

• Zurich Insurance

• Nippon Life Insurance

• Japan Post Holdings

• Berkshire Hathaway

• Metlife

• Manulife Financial

• CPIC

• Chubb

• AIG

• Aviva

• Allstate

• Swiss RE

• Prudential Financial

• Travelers

• AIA

• Aflac

• Legal & General

Market split by Type, can be divided into:

• Life Insurance

• Non-Life Insurance

Market split by Application, can be divided into:

• Agency

• Brokers

• Bancassurance

• Digital & Direct Channels

Market split by Sales Channel, can be divided into:

• Direct Channel

• Distribution Channel

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America Brazil, Argentina, Colombia and Chile etc.)

• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

To Browse Full Research Report @:
https://www.radiantinsights.com/research/2013-2028-report-on-global-insurance-market

Table of Contents

Chapter 1 Insurance Market Overview

1.1 Insurance Definition

1.2 Global Insurance Market Size Status and Outlook (2013-2028)

1.3 Global Insurance Market Size Comparison by Region (2013-2028)

1.4 Global Insurance Market Size Comparison by Type (2013-2028)

1.5 Global Insurance Market Size Comparison by Application (2013-2028)

1.6 Global Insurance Market Size Comparison by Sales Channel (2013-2028)

1.7 Insurance Market Dynamics

1.7.1 Market Drivers/Opportunities

1.7.2 Market Challenges/Risks

1.7.3 Market News (Mergers/Acquisitions/ Expansion)

Chapter 2 Insurance Market Segment Analysis by Player

2.1 Global Insurance Sales and Market Share by Player (2016-2018)

2.2 Global Insurance Revenue and Market Share by Player (2016-2018)

2.3 Global Insurance Average Price by Player (2016-2018)

2.4 Players Competition Situation & Trends

2.5 Conclusion of Segment by Player

Continued…………..


To See More Reports of This Category by Radiant Insights:
https://latestmarkettrends.news.blog/


About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
https://marketsandtrendsreport.blogspot.com/

Huge Growth During Covid For Life Insurance Market 2020

JUNE 10, 2020: The Indian Insurance industry has witnessed significant growth in the past few years with the introduction of a wide range of advanced insurance products and services. It consists of both life and non-life insurance companies. Out of the 52 insurance companies operating in India, 24 are in the life insurance business, and 28 companies are operating in the non-life insurance segment. Insurance Regulatory and Development Authority (IRDA) is an autonomous body that regulates and promotes the insurance and re-insurance industries in India.

Market insights:

The life insurance market in India was valued at INR 4,185 Bn in FY 2017 and is likely to expand at a compound annual growth rate (CAGR) of ~11.6% during FY 2018 to FY 2023. In 2016, India’s share in the global life insurance market was ~2.36% and ranked 10 among 88 countries. The Indian life insurance sector offers around 360 million policies, which is the largest number of policies offered by any insurance sector globally. In this sector, 49% foreign direct investment (FDI) through automatic route is allowed, letting overseas companies buy 49% stake at the domestic insurance companies without prior approval from the government.

To Request A Sample Copy Of This Report @:   https://www.radiantinsights.com/research/life-insurance-market-in-india-2018-2023/request-sample

Impact of goods and services tax:

Implementation of the goods and services tax (GST) is expected to make both banking and insurance products expensive in the country. As of June 01, 2017, service tax has been replaced by 18% GST in premium receipts and other related documents. Life insurance schemes offered by the government, exempted from GST, include the Janashree Bima Yojana (JBY), Aam Aadmi Bima Yojana (AABY), Varishtha Pension Bima Yojana (VPBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Jan Dhan Yogana (PMJDY), and Pradhan Mantri Vaya Vandana Yojana (PMVVY).

Insurance penetration overview:

Insurance penetration, which is measured as the ratio of premium underwritten in a given year to the gross domestic product (GDP) of the country, stood at ~3.49% in FY 2017. Life insurance penetration in India was ~2.72% in the same year.

Market segment insights- player-wise:

During FY 2017, life insurance companies issued 264.56 lakh new policies out of which LIC issued 201.32 lakh policies, while private insurance issued the remaining 63.24 lakh policies. In FY 2018, the Life Insurance Corporation of India (LIC) reported a growth of ~8% in its new business premium as compared to FY 2017. They continued to be the market leader by grabbing 69.40% of the market share in the total first-year premium, and 75.67% in new policies.

Key growth drivers of the market:

Currently, Indian insurance companies such as LIC, ICICI Prudential Life Insurance, and SBI Life Insurance Company, among others, are introducing comprehensive custom-made micro-insurance products for the rural sector, which covers not just health but accidents as well. Increasing rural income and improving infrastructure are expected to drive the growth of the Indian life insurance market.

Factors such as better management of claims and regulatory trends, coupled with increasing income and the working-class population of the country are expected to drive the growth of the market.

Key deterrents to the growth of the market:

Although there has been a rise in the number of insurers in the country, financial literacy, and awareness regarding understanding the products and services offered by the insurance companies act as a significant challenge to the growth of the life insurance market in India.

Companies profiled:

  • ICICI Prudential Life Insurance Company Limited
  • SBI Life Insurance Company Limited
  • Life Insurance Corporation of India
  • Aditya Birla Sun Life Insurance Company Limited
  • Bajaj Allianz Life Insurance Company Limited
  • HDFC Standard Life Insurance Company Limited
  • Max Life Insurance Company Limited
  • PNB MetLife India Insurance Company Limited
  • Reliance Nippon Life Insurance Company Limited
  • Tata AIA Life Insurance Company Limited

To Browse Full Research Report @:
https://www.radiantinsights.com/research/life-insurance-market-in-india-2018-2023

Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Evolution of the Indian insurance sector

3.2. Life insurance market definition and structure

3.3. Overview of the Insurance Regulatory and Development Authority (IRDA)

Chapter 4: India life insurance market

4.1. Life insurance market overview

4.2. Life insurance market size and growth forecast- value-wise (FY 2016-FY 2023e)

4.3. Market share of major players (FY 2017)

LIC

ICICI Prudential Life

HDFC Life

Others

4.4. Insurance penetration – overview

4.4.1. Indian life insurance penetration percentage (2012-2016)

4.4.2. Indian insurance density- value-wise (2011-2016)

4.5. Total premium underwritten by life insurers in India (FY 2016-FY 2017)

Regular Premium

Single Premium

First year Premium

Renewal Premium

Continued……………


To See More Reports of This Category by Radiant Insights:
https://latestmarkettrends.news.blog/


About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States

Insurance Telematics Market Climb Sharply With High Revenue From 2019-28

OCT 15, 2019: Due to innovations in IoT and using them for insurance telematics products in order to connect insurance products and their offerings are in rise. The growth in investments in the IoT insurance technologies are enabling to develop innovative insurance telematics offerings. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Insurance Telematics Report by Material, Application, and Geography – Global Forecast to 2023 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

In this report, the global Insurance Telematics market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.

To Request A Sample Copy Of This Report @:   https://www.radiantinsights.com/research/global-insurance-telematics-market-research-report-2019-2023/request-sample

The report firstly introduced the Insurance Telematics basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:

  • Sierra Wireless
  • Agero
  • Telogis
  • TomTom
  • Trimble Navigation
  • Verizon Enterprise Solutions
  • MiX Telematics
  • Octo Telematics
  • Aplicom OY
  • Masternaut Limited

The end users/applications and product categories analysis:

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

  • Cloud
  • On-Premises

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Insurance Telematics for each application, including-

  • Small and Medium Enterprises
  • Large Enterprises

To Browse Full Research Report @:
https://www.radiantinsights.com/research/global-insurance-telematics-market-research-report-2019-2023

Table of Contents

Part I Insurance Telematics Industry Overview

Chapter One Insurance Telematics Industry Overview

1.1 Insurance Telematics Definition

1.2 Insurance Telematics Classification Analysis

1.2.1 Insurance Telematics Main Classification Analysis

1.2.2 Insurance Telematics Main Classification Share Analysis

1.3 Insurance Telematics Application Analysis

1.3.1 Insurance Telematics Main Application Analysis

1.3.2 Insurance Telematics Main Application Share Analysis

1.4 Insurance Telematics Industry Chain Structure Analysis

1.5 Insurance Telematics Industry Development Overview

1.5.1 Insurance Telematics Product History Development Overview

1.5.1 Insurance Telematics Product Market Development Overview

1.6 Insurance Telematics Global Market Comparison Analysis

1.6.1 Insurance Telematics Global Import Market Analysis

1.6.2 Insurance Telematics Global Export Market Analysis

1.6.3 Insurance Telematics Global Main Region Market Analysis

1.6.4 Insurance Telematics Global Market Comparison Analysis

1.6.5 Insurance Telematics Global Market Development Trend Analysis

Continued…


To See More Reports of This Category by Radiant Insights:
https://latestmarkettrends.news.blog

About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com

Create your website with WordPress.com
Get started