Final Expense Insurance Market Research Report by Type (Non-Permanent and Permanent), Plan Type, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19

Final Expense Insurance Market Research Report by Type (Non-Permanent and Permanent), Plan Type, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19

The Global Final Expense Insurance Market size was estimated at USD 130.02 billion in 2021 and expected to reach USD 138.91 billion in 2022, and is projected to grow at a CAGR 7.01% to reach USD 195.31 billion by 2027.

Market Statistics:

The report provides market sizing and forecast across five major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

Market Segmentation & Coverage:

This research report categorizes the Final Expense Insurance to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Type, the market was studied across Non-Permanent and Permanent.

Based on Plan Type, the market was studied across Burial, Final Expense, and Preneed.

Based on Application, the market was studied across Agency, Bancassurance, Brokers, and Digital & Direct Channels.

Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:

We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.

This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Final Expense Insurance market considering the current update on the conflict and its global response.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Final Expense Insurance Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Final Expense Insurance Market, including Allianz SE, Anthem, Inc., Arch Capital Group Ltd., Ashley & Associates Insurance Agency, Assicurazioni Generali S.p.A., Axa S.A., China Life Insurance Company Limited, Fidelity Life Association, Globe Life Liberty National Division, Japan Post Holdings Co., Ltd., Manulife Financial Corporation, MetLife, Inc., Munich Re Group, Nippon Life Insurance Company, Ping An Insurance (Group) Company of China, Ltd, Policygenius Inc., Progressive Casualty Insurance Company, Protective Life Corporation by Dai-ichi Life Holdings, Inc., Prudential PLC, State Farm Mutual Automobile Insurance Company, and Zurich Insurance Group Ltd..

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Final Expense Insurance Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Final Expense Insurance Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Final Expense Insurance Market?
4. What is the competitive strategic window for opportunities in the Global Final Expense Insurance Market?
5. What are the technology trends and regulatory frameworks in the Global Final Expense Insurance Market?
6. What is the market share of the leading vendors in the Global Final Expense Insurance Market?
7. What modes and strategic moves are considered suitable for entering the Global Final Expense Insurance Market?

Please Note: PDF & Excel + Online Access - 1 Year

Companies Mentioned

Allianz SE
Anthem, Inc.
Arch Capital Group Ltd.
Ashley & Associates Insurance Agency
Assicurazioni Generali S.p.A.
Axa S.A.
China Life Insurance Company Limited
Fidelity Life Association
Globe Life Liberty National Division
Japan Post Holdings Co., Ltd.
Manulife Financial Corporation
MetLife, Inc.
Munich Re Group
Nippon Life Insurance Company
Ping An Insurance (Group) Company of China, Ltd
Policygenius Inc.
Progressive Casualty Insurance Company
Protective Life Corporation by Dai-ichi Life Holdings, Inc.
Prudential PLC
State Farm Mutual Automobile Insurance Company
Zurich Insurance Group Ltd.

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers Rise in funeral costs Surge in demand from direct cremation against traditional funeral services Importance of funeral insurance benefits within the COVID-19 crisis
5.1.2. Restraints Limited awareness toward funeral insurance
5.1.3. Opportunities Rising geriatric population all across the globe Growing funeral insurance uptake for emerging customers
5.1.4. Challenges Evolution in policy regulations
5.2. Cumulative Impact of COVID-19
5.3. Cumulative Impact of 2022 Russia Ukraine Conflict
6. Final Expense Insurance Market, by Type
6.1. Introduction
6.2. Non-Permanent
6.3. Permanent
7. Final Expense Insurance Market, by Plan Type
7.1. Introduction
7.2. Burial
7.3. Final Expense
7.4. Preneed
8. Final Expense Insurance Market, by Application
8.1. Introduction
8.2. Agency
8.3. Bancassurance
8.4. Brokers
8.5. Digital & Direct Channels
9. Americas Final Expense Insurance Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Final Expense Insurance Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
11. Europe, Middle East & Africa Final Expense Insurance Market
11.1. Introduction
11.2. France
11.3. Germany
11.4. Italy
11.5. Netherlands
11.6. Qatar
11.7. Russia
11.8. Saudi Arabia
11.9. South Africa
11.10. Spain
11.11. United Arab Emirates
11.12. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.1.1. Quadrants
12.1.2. Business Strategy
12.1.3. Product Satisfaction
12.2. Market Ranking Analysis
12.3. Market Share Analysis, By Key Player
12.4. Competitive Scenario
12.4.1. Merger & Acquisition
12.4.2. Agreement, Collaboration, & Partnership
12.4.3. New Product Launch & Enhancement
12.4.4. Investment & Funding
12.4.5. Award, Recognition, & Expansion
13. Company Usability Profiles
13.1. Allianz SE
13.2. Anthem, Inc.
13.3. Arch Capital Group Ltd.
13.4. Ashley & Associates Insurance Agency
13.5. Assicurazioni Generali S.p.A.
13.6. Axa S.A.
13.7. China Life Insurance Company Limited
13.8. Fidelity Life Association
13.9. Globe Life Liberty National Division
13.10. Japan Post Holdings Co., Ltd.
13.11. Manulife Financial Corporation
13.12. MetLife, Inc.
13.13. Munich Re Group
13.14. Nippon Life Insurance Company
13.15. Ping An Insurance (Group) Company of China, Ltd
13.16. Policygenius Inc.
13.17. Progressive Casualty Insurance Company
13.18. Protective Life Corporation by Dai-ichi Life Holdings, Inc.
13.19. Prudential PLC
13.20. State Farm Mutual Automobile Insurance Company
13.21. Zurich Insurance Group Ltd.
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing

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