The global Insurance market size is expected to reach USD 8,921.86 Billion at a steady revenue CAGR of 6.2% in 2028, according to latest analysis by Emergen Research. Rapid digitalization is enabling insurance providers to adapt to and adopt more advanced technologies, which is expected to drive market revenue growth in the coming years.

Upsurge in cybercrimes and fraud and risks associated with online transactions is driving growth in demand for cyber insurance, which is further driving global insurance market growth. Cyber insurance covers business interruption, property theft, cyber extortion, software and data loss, cyber-crime and physical asset damage, and network failure liability. 

The latest study performs the quantitative and qualitative assessment of the global market dynamics, taking into consideration a slew of factors, such as market penetration, product portfolios, pricing structure, end-user industries, and key drivers and constraints. The report segments the market to help readers get a more in-depth understanding of the different aspects of the market. With an inspection of the financial standing of the leading companies operating in this market, the report provides information on their gross profits, revenue shares, sales volume, manufacturing costs, individual growth rate, and numerous other financial ratios.

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Some Key Highlights From the Report

• Web aggregators are insurance portals and assist clients to compare insurance products by showing information of various products by different providers. When clients are willing to purchase a product, web aggregators direct the clients to the specific provider. Web aggregators receive rewards and numerations for the leads converted into insurance policies.
• Insurance market in Asia Pacific is expected to register a rapid revenue growth rate during the forecast period owing to untapped opportunities and high demand from Japan, China, Australia, South Korea, and India. Demand for cyber insurance and health insurance is growing in Asia Pacific due to increasing incidence of cyberattacks and rise in medical treatment costs.
• Key players in the market include Berkshire Hathaway, AXA SA, China Life Insurance Co. Ltd., Aviva PLC, Prudential PLC, United Health Group Incorporated, Anthem Inc., Kaiser Foundation Group of Health Plans, Munich Reinsurance Company, and Centene Corporation.

Insurance Market Segmentation:

Emergen Research has segmented the global Insurance market on the basis of insurance type, service providers, end-use, sales channel, and region:

• Insurance Type Outlook (Revenue, USD Billion; 2018–2028)
  • Life Insurance
  • Property Insurance
  • Health Insurance
  • Liability Insurance
  • Fire Insurance
  • Motor Insurance or Auto Insurance
  • Social Insurance
  • Others (Travel, Marine, Guarantee, Home)
• Service Providers Outlook (Revenue, USD Billion; 2018–2028)
  • Public Insurance Providers
  • Private Insurance Providers
• End-use Providers Outlook (Revenue, USD Billion; 2018–2028)
  • Individuals
  • Corporate
  • Others
• Sales Channel Outlook (Revenue, USD Billion; 2018–2028)
  • Direct Sales
  • Brokers
  • Insurance Agents
  • Web Aggregators
  • Insurance Marketing Firm
  • Online
  • Others

Key Geographical Segments:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key questions addressed:

• What are the estimated CAGR for the global Insurance market and each segment in the global market?
• Which market segments and sub-segments have been covered in this report? Which of these segments is foreseen to exhibit the highest growth rate over the projected period? What are the most prominent industry aspects likely to impact the market values and shares of the regionsviz., North America, Europe, Asia Pacific, Latin America, and Middle East &Asia? What do the SWOT analysis and Porter’s five forces entailed in the report signify with respect to the future position of the market?
• Which are the leading companies operating in the global Insurance market? What are their strengths and weaknesses?
• What are the most common market expansion strategies applied by the key market competitors to reinforce their market positions?

Table of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Insurance Market Segmentation & Impact Analysis
    4.1. Insurance Market Material Segmentation Analysis
    4.2. Industrial Outlook 
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increase in accidents and man-made disasters
                    4.2.2.2. Rise in initiatives taken by government
          4.2.3. Market restraints analysis 
                    4.2.3.1. Lack of awareness regarding coverage
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Insurance Market By Insurance Type Insights & Trends Revenue (USD Billion)
    5.1. Insurance Type Dynamics & Market Share, 2021 & 2028
          5.1.1. Life Insurance
          5.1.2. Property Insurance
          5.1.3. Health Insurance
          5.1.4. Liability Insurance
          5.1.5. Fire Insurance
          5.1.6. Motor Insurance or Auto Insurance
          5.1.7. Social Insurance
          5.1.8. Others (Travel, Marine, Guarantee, Home)

READ MORE…!

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