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Asia-Pacific (APAC) Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

Publisher MarketLine
Published Mar 15, 2023
Length 50 Pages
SKU # MTLN18252453

Description

Asia-Pacific (APAC) Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Life Insurance in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
  • The Asia-Pacific life insurance market had total gross written premiums of $1,195.4 billion in 2022, representing a compound annual growth rate (CAGR) of 1.9% between 2017 and 2022.
  • The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $1,040.5 billion, equivalent to 87% of the market's overall value.
  • According to the International Monetary Fund, After with the strong economic rebound of 6.5% posted in 2021, growth in Asia and the Pacific is expected to moderate to 4.30% in 20232. The performance of the market is forecast to accelerate, with an anticipated CAGR of 5% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $1,526.0billion by the end of 2027.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Asia-Pacific
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Asia-Pacific
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the Asia-Pacific life insurance market by value in 2022?
  • What will be the size of the Asia-Pacific life insurance market in 2027?
  • What factors are affecting the strength of competition in the Asia-Pacific life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Asia-Pacific's life insurance market?

Table of Contents

50 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. China Life Insurance Co Ltd
8.2. Dai-ichi Life Holdings Inc
8.3. Nippon Life Insurance Co
8.4. Ping An Insurance (Group) Company of China, Ltd.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Asia-Pacific life insurance market value: $ billion, 2017-22
Table 2: Asia–Pacific life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Asia-Pacific life insurance market category segmentation: $ billion, 2017-2022
Table 4: Asia–Pacific life insurance market geography segmentation: $ billion, 2022
Table 5: Asia-Pacific life insurance market value forecast: $ billion, 2022-27
Table 6: Asia-Pacific life insurance market share: % share, by value, 2022
Table 7: China Life Insurance Co Ltd: key facts
Table 8: China Life Insurance Co Ltd: Key Employees
Table 9: China Life Insurance Co Ltd: Key Employees Continued
Table 10: Dai-ichi Life Holdings Inc: key facts
Table 11: Dai-ichi Life Holdings Inc: Annual Financial Ratios
Table 12: Dai-ichi Life Holdings Inc: Key Employees
Table 13: Dai-ichi Life Holdings Inc: Key Employees Continued
Table 14: Nippon Life Insurance Co: key facts
Table 15: Nippon Life Insurance Co: Key Employees
Table 16: Nippon Life Insurance Co: Key Employees Continued
Table 17: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 18: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 19: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 20: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 21: Asia-Pacific exchange rate, 2017–21
List of Figures
Figure 1: Asia-Pacific life insurance market value: $ billion, 2017-22
Figure 2: Asia-Pacific life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Asia–Pacific life insurance market geography segmentation: % share, by value, 2022
Figure 4: Asia-Pacific life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in Asia-Pacific, 2022
Figure 6: Drivers of buyer power in the life insurance market in Asia-Pacific, 2022
Figure 7: Drivers of supplier power in the life insurance market in Asia-Pacific, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2022
Figure 11: Asia-Pacific life insurance market share: % share, by value, 2022

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