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Global B2B2C Insurance Market Report and Forecast 2024-2032

Publisher Expert Market Research
Published May 02, 2024
Length 200 Pages
SKU # EMAR18824950

Description

Global B2B2C Insurance Market Report and Forecast 2024-2032


Global B2B2C Insurance Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global B2B2C insurance market reached a value of USD 3.68 billion in 2023. Aided by the synergies between businesses and insurance providers to offer direct-to-consumer insurance products, the market is projected to further grow at a CAGR of 5.9% between 2024 and 2032 to reach a value of USD 6.20 billion by 2032.

B2B2C insurance, by design, allows insurers to leverage the customer bases of non-insurance businesses to distribute their products, thereby bypassing the conventional channels and reaching consumers in a more integrated and seamless manner. This model not only enhances the consumer experience but also allows businesses to add value to their existing offerings, fostering stronger customer relationships and generating new revenue streams.

The B2B2C insurance market growth is driven by several key trends and drivers. Digital transformation stands at the forefront, as technological advancements have enabled more sophisticated, streamlined, and personalized insurance offerings. The integration of digital platforms allows for a seamless and frictionless consumer journey, from product discovery to purchase and claims processing, aligning with the modern consumer's expectations for convenience and speed.

According to the B2B2C insurance market analysis, consumer behaviour and expectations are also evolving, with a growing demand for products and services that are tailored to individual needs and lifestyles. This trend has spurred the growth of embedded insurance – insurance products offered at the point of sale or service within the customer journey of another product or service. Embedded insurance, facilitated by the B2B2C model, meets consumers 'where they are,' enhancing relevance and timeliness.

Furthermore, the competitive landscape of the insurance industry has necessitated innovation in distribution strategies. The B2B2C model offers insurance providers a strategic avenue to differentiate themselves, access untapped markets, and enhance their market penetration through partnerships with businesses from various sectors, including retail, automotive, travel, and financial services.

Regulatory changes and a conducive policy environment have also influenced the B2B2C insurance market outlook. Regulatory bodies in many regions are recognizing the potential of digital distribution channels and are adapting their frameworks to support and govern the growth of B2B2C insurance models, ensuring consumer protection while encouraging innovation.

Market Segmentation

The market can be divided based on type, distribution channel, end use, and region.

Market Breakup by Type
  • Life Insurance
  • Non-life Insurance
Market Breakup by Distribution Channel
  • Online
  • Offline
Market Breakup by End Use
  • Automotive
  • Banking and Financial Institutes
  • Utilities
  • Travel
  • Real Estate
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global B2B2C insurance market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Japan Post Insurance Co., Ltd.
  • China Life Insurance (Group) Company
  • Munich Re Group
  • AXA Partners Holding SA
  • Allianz Partners SAS
  • BNP Paribas S.A.
  • Berkshire Hathaway Inc.
  • Prudential Financial Inc.
  • Assicurazioni Generali S.p.A.
  • Aditya Birla Capital Ltd.
  • Others
About Us

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

200 Pages
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global B2 B2 C Insurance Market Analysis
8.1 Key Industry Highlights
8.2 Global B2 B2 C Insurance Historical Market (2018-2023)
8.3 Global B2 B2 C Insurance Market Forecast (2024-2032)
8.4 Global B2 B2 C Insurance Market by Type
8.4.1 Life Insurance
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-life Insurance
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global B2 B2 C Insurance Market by Distribution Channel
8.5.1 Online
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Offline
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global B2 B2 C Insurance Market by End Use
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Banking and Financial Institutes
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Utilities
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Travel
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Real Estate
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global B2 B2 C Insurance Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America B2 B2 C Insurance Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe B2 B2 C Insurance Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific B2 B2 C Insurance Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America B2 B2 C Insurance Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa B2 B2 C Insurance Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Japan Post Insurance Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 China Life Insurance (Group) Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Munich Re Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AXA Partners Holding SA
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Allianz Partners SAS
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 BNP Paribas S.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Berkshire Hathaway Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Prudential Financial Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Assicurazioni Generali S.p.A.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Aditya Birla Capital Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global B2 B2 C Insurance Market: Key Industry Highlights, 2018 and 2028
2. Global B2 B2 C Insurance Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global B2 B2 C Insurance Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global B2 B2 C Insurance Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Global B2 B2 C Insurance Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Global B2 B2 C Insurance Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global B2 B2 C Insurance Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global B2 B2 C Insurance Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global B2 B2 C Insurance Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America B2 B2 C Insurance Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America B2 B2 C Insurance Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe B2 B2 C Insurance Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe B2 B2 C Insurance Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific B2 B2 C Insurance Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific B2 B2 C Insurance Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America B2 B2 C Insurance Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America B2 B2 C Insurance Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa B2 B2 C Insurance Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa B2 B2 C Insurance Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global B2 B2 C Insurance Market Structure

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