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Insurance Global Industry Almanac 2017

Insurance Global Industry Almanac 2017

Summary

Global Insurance industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the global insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies.

Key highlights

  • The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
  • The life insurance sector consists of mortality protection and annuity.
  • The non-life insurance sector consists of accident and health, and property and casualty insurance segments.
  • All currency conversions have been calculated at constant annual 2016 average exchange rates.
  • The global insurance market had total gross written premiums of $4,609.3bn in 2016, representing a compound annual growth rate (CAGR) of 4% between 2012 and 2016.
  • The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $2,563.0bn, equivalent to 55.6% of the market's overall value.
  • The rapid emergence of the Asia-Pacific market, and particularly of the Chinese market, has largely contributed to the growth of the global market in recent years. This contribution becomes more apparent from the fact that developed markets such as the European and the US have grown below the global average since demand is constrained by high penetration of insurance products. Additionally, the low interest environment, especially in Europe, has reduced the investment income of insurers, limiting the underwriting capacity of insurers and their price flexibility on premiums. Most importantly, the life insurance segment was hurt most by this relaxed monetary policy as the reduced returns of these products have induced lower guarantees that are less attractive for consumers.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global insurance market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global insurance market
  • Leading company profiles reveal details of key insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the global insurance market with five year forecasts
Reasons to buy
  • What was the size of the global insurance market by value in 2016?
  • What will be the size of the global insurance market in 2021?
  • What factors are affecting the strength of competition in the global insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the global insurance market?


EXECUTIVE SUMMARY 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Introduction 42
What is this report about? 42
Who is the target reader? 42
How to use this report 42
Definitions 42
Global Insurance 43
Market Overview 43
Market Data 44
Market Segmentation 45
Market outlook 47
Five forces analysis 48
Insurance in Asia-Pacific 59
Market Overview 59
Market Data 61
Market Segmentation 62
Market outlook 64
Five forces analysis 65
Insurance in Europe 76
Market Overview 76
Market Data 77
Market Segmentation 78
Market outlook 80
Five forces analysis 81
Insurance in Finland 91
Market Overview 91
Market Data 92
Market Segmentation 93
Market outlook 95
Five forces analysis 96
Macroeconomic indicators 106
Insurance in France 108
Market Overview 108
Market Data 109
Market Segmentation 110
Market outlook 112
Five forces analysis 113
Macroeconomic indicators 123
Insurance in Germany 125
Market Overview 125
Market Data 126
Market Segmentation 127
Market outlook 129
Five forces analysis 130
Macroeconomic indicators 140
Insurance in India 142
Market Overview 142
Market Data 143
Market Segmentation 144
Market outlook 146
Five forces analysis 147
Macroeconomic indicators 157
Insurance in Indonesia 159
Market Overview 159
Market Data 160
Market Segmentation 161
Market outlook 163
Five forces analysis 164
Macroeconomic indicators 174
Insurance in Italy 176
Market Overview 176
Market Data 177
Market Segmentation 178
Market outlook 180
Five forces analysis 181
Macroeconomic indicators 191
Insurance in Japan 193
Market Overview 193
Market Data 194
Market Segmentation 195
Market outlook 197
Five forces analysis 198
Macroeconomic indicators 208
Insurance in Mexico 210
Market Overview 210
Market Data 211
Market Segmentation 212
Market outlook 214
Five forces analysis 215
Macroeconomic indicators 225
Insurance in The Netherlands 227
Market Overview 227
Market Data 228
Market Segmentation 229
Market outlook 231
Five forces analysis 232
Macroeconomic indicators 242
Insurance in North America 244
Market Overview 244
Market Data 245
Market Segmentation 246
Market outlook 248
Five forces analysis 249
Insurance in Norway 259
Market Overview 259
Market Data 260
Market Segmentation 261
Market outlook 263
Five forces analysis 264
Macroeconomic indicators 274
Insurance in Russia 276
Market Overview 276
Market Data 277
Market Segmentation 278
Market outlook 280
Five forces analysis 281
Macroeconomic indicators 291
Insurance in Singapore 293
Market Overview 293
Market Data 294
Market Segmentation 295
Market outlook 297
Five forces analysis 298
Macroeconomic indicators 308
Insurance in South Africa 310
Market Overview 310
Market Data 311
Market Segmentation 312
Market outlook 314
Five forces analysis 315
Macroeconomic indicators 325
Insurance in South Korea 327
Market Overview 327
Market Data 328
Market Segmentation 329
Market outlook 331
Five forces analysis 332
Macroeconomic indicators 342
Insurance in Spain 344
Market Overview 344
Market Data 345
Market Segmentation 346
Market outlook 348
Five forces analysis 349
Macroeconomic indicators 359
Insurance in Sweden 361
Market Overview 361
Market Data 362
Market Segmentation 363
Market outlook 365
Five forces analysis 366
Macroeconomic indicators 376
Insurance in Turkey 378
Market Overview 378
Market Data 379
Market Segmentation 380
Market outlook 382
Five forces analysis 383
Macroeconomic indicators 393
Insurance in The United Kingdom 395
Market Overview 395
Market Data 396
Market Segmentation 397
Market outlook 399
Five forces analysis 400
Macroeconomic indicators 410
Insurance in The United States 412
Market Overview 412
Market Data 413
Market Segmentation 414
Market outlook 416
Five forces analysis 417
Macroeconomic indicators 427
Insurance in Australia 429
Market Overview 429
Market Data 430
Market Segmentation 431
Market outlook 433
Five forces analysis 434
Macroeconomic indicators 444
Insurance in Brazil 446
Market Overview 446
Market Data 447
Market Segmentation 448
Market outlook 450
Five forces analysis 451
Macroeconomic indicators 461
Insurance in Canada 463
Market Overview 463
Market Data 464
Market Segmentation 465
Market outlook 467
Five forces analysis 468
Macroeconomic indicators 478
Insurance in China 480
Market Overview 480
Market Data 481
Market Segmentation 482
Market outlook 484
Five forces analysis 485
Macroeconomic indicators 495
Insurance in Denmark 497
Market Overview 497
Market Data 498
Market Segmentation 499
Market outlook 501
Five forces analysis 502
Macroeconomic indicators 512
Company Profiles 514
Leading Companies 514
Appendix 734
Methodology 734
About MarketLine 735
List of Tables
Table 1: Global insurance market value: $ billion, 2012–16
Table 2: Global insurance market category segmentation: $ billion, 2016
Table 3: Global insurance market geography segmentation: $ billion, 2016
Table 4: Global insurance market value forecast: $ billion, 2016–21
Table 5: Asia-Pacific insurance market value: $ billion, 2012–16
Table 6: Asia–Pacific insurance market category segmentation: $ billion, 2016
Table 7: Asia–Pacific insurance market geography segmentation: $ billion, 2016
Table 8: Asia-Pacific insurance market value forecast: $ billion, 2016–21
Table 9: Europe insurance market value: $ billion, 2012–16
Table 10: Europe insurance market category segmentation: $ billion, 2016
Table 11: Europe insurance market geography segmentation: $ billion, 2016
Table 12: Europe insurance market value forecast: $ billion, 2016–21
Table 13: Finland insurance market value: $ billion, 2012–16
Table 14: Finland insurance market category segmentation: $ billion, 2016
Table 15: Finland insurance market geography segmentation: $ billion, 2016
Table 16: Finland insurance market value forecast: $ billion, 2016–21
Table 17: Finland size of population (million), 2012–16
Table 18: Finland gdp (constant 2005 prices, $ billion), 2012–16
Table 19: Finland gdp (current prices, $ billion), 2012–16
Table 20: Finland inflation, 2012–16
Table 21: Finland consumer price index (absolute), 2012–16
Table 22: Finland exchange rate, 2012–16
Table 23: France insurance market value: $ billion, 2012–16
Table 24: France insurance market category segmentation: $ billion, 2016
Table 25: France insurance market geography segmentation: $ billion, 2016
Table 26: France insurance market value forecast: $ billion, 2016–21
Table 27: France size of population (million), 2012–16
Table 28: France gdp (constant 2005 prices, $ billion), 2012–16
Table 29: France gdp (current prices, $ billion), 2012–16
Table 30: France inflation, 2012–16
Table 31: France consumer price index (absolute), 2012–16
Table 32: France exchange rate, 2012–16
Table 33: Germany insurance market value: $ billion, 2012–16
Table 34: Germany insurance market category segmentation: $ billion, 2016
Table 35: Germany insurance market geography segmentation: $ billion, 2016
Table 36: Germany insurance market value forecast: $ billion, 2016–21
Table 37: Germany size of population (million), 2012–16
Table 38: Germany gdp (constant 2005 prices, $ billion), 2012–16
Table 39: Germany gdp (current prices, $ billion), 2012–16
Table 40: Germany inflation, 2012–16
Table 41: Germany consumer price index (absolute), 2012–16
Table 42: Germany exchange rate, 2012–16
Table 43: India insurance market value: $ billion, 2012–16
Table 44: India insurance market category segmentation: $ billion, 2016
Table 45: India insurance market geography segmentation: $ billion, 2016
Table 46: India insurance market value forecast: $ billion, 2016–21
Table 47: India size of population (million), 2012–16
Table 48: India gdp (constant 2005 prices, $ billion), 2012–16
Table 49: India gdp (current prices, $ billion), 2012–16
Table 50: India inflation, 2012–16
Table 51: India consumer price index (absolute), 2012–16
Table 52: India exchange rate, 2012–16
Table 53: Indonesia insurance market value: $ billion, 2012–16
Table 54: Indonesia insurance market category segmentation: $ billion, 2016
Table 55: Indonesia insurance market geography segmentation: $ billion, 2016
Table 56: Indonesia insurance market value forecast: $ billion, 2016–21
Table 57: Indonesia size of population (million), 2012–16
Table 58: Indonesia gdp (constant 2005 prices, $ billion), 2012–16
Table 59: Indonesia gdp (current prices, $ billion), 2012–16
Table 60: Indonesia inflation, 2012–16
Table 61: Indonesia consumer price index (absolute), 2012–16
Table 62: Indonesia exchange rate, 2012–16
Table 63: Italy insurance market value: $ billion, 2012–16
Table 64: Italy insurance market category segmentation: $ billion, 2016
Table 65: Italy insurance market geography segmentation: $ billion, 2016
Table 66: Italy insurance market value forecast: $ billion, 2016–21
Table 67: Italy size of population (million), 2012–16
Table 68: Italy gdp (constant 2005 prices, $ billion), 2012–16
Table 69: Italy gdp (current prices, $ billion), 2012–16
Table 70: Italy inflation, 2012–16
Table 71: Italy consumer price index (absolute), 2012–16
Table 72: Italy exchange rate, 2012–16
Table 73: Japan insurance market value: $ billion, 2012–16
Table 74: Japan insurance market category segmentation: $ billion, 2016
Table 75: Japan insurance market geography segmentation: $ billion, 2016
List of Figures
Figure 1: Global insurance market value: $ billion, 2012–16
Figure 2: Global insurance market category segmentation: % share, by value, 2016
Figure 3: Global insurance market geography segmentation: % share, by value, 2016
Figure 4: Global insurance market value forecast: $ billion, 2016–21
Figure 5: Forces driving competition in the global insurance market, 2016
Figure 6: Drivers of buyer power in the global insurance market, 2016
Figure 7: Drivers of supplier power in the global insurance market, 2016
Figure 8: Factors influencing the likelihood of new entrants in the global insurance market, 2016
Figure 9: Factors influencing the threat of substitutes in the global insurance market, 2016
Figure 10: Drivers of degree of rivalry in the global insurance market, 2016
Figure 11: Asia-Pacific insurance market value: $ billion, 2012–16
Figure 12: Asia–Pacific insurance market category segmentation: % share, by value, 2016
Figure 13: Asia–Pacific insurance market geography segmentation: % share, by value, 2016
Figure 14: Asia-Pacific insurance market value forecast: $ billion, 2016–21
Figure 15: Forces driving competition in the insurance market in Asia-Pacific, 2016
Figure 16: Drivers of buyer power in the insurance market in Asia-Pacific, 2016
Figure 17: Drivers of supplier power in the insurance market in Asia-Pacific, 2016
Figure 18: Factors influencing the likelihood of new entrants in the insurance market in Asia-Pacific, 2016
Figure 19: Factors influencing the threat of substitutes in the insurance market in Asia-Pacific, 2016
Figure 20: Drivers of degree of rivalry in the insurance market in Asia-Pacific, 2016
Figure 21: Europe insurance market value: $ billion, 2012–16
Figure 22: Europe insurance market category segmentation: % share, by value, 2016
Figure 23: Europe insurance market geography segmentation: % share, by value, 2016
Figure 24: Europe insurance market value forecast: $ billion, 2016–21
Figure 25: Forces driving competition in the insurance market in Europe, 2016
Figure 26: Drivers of buyer power in the insurance market in Europe, 2016
Figure 27: Drivers of supplier power in the insurance market in Europe, 2016
Figure 28: Factors influencing the likelihood of new entrants in the insurance market in Europe, 2016
Figure 29: Factors influencing the threat of substitutes in the insurance market in Europe, 2016
Figure 30: Drivers of degree of rivalry in the insurance market in Europe, 2016
Figure 31: Finland insurance market value: $ billion, 2012–16
Figure 32: Finland insurance market category segmentation: % share, by value, 2016
Figure 33: Finland insurance market geography segmentation: % share, by value, 2016
Figure 34: Finland insurance market value forecast: $ billion, 2016–21
Figure 35: Forces driving competition in the insurance market in Finland, 2016
Figure 36: Drivers of buyer power in the insurance market in Finland, 2016
Figure 37: Drivers of supplier power in the insurance market in Finland, 2016
Figure 38: Factors influencing the likelihood of new entrants in the insurance market in Finland, 2016
Figure 39: Factors influencing the threat of substitutes in the insurance market in Finland, 2016
Figure 40: Drivers of degree of rivalry in the insurance market in Finland, 2016
Figure 41: France insurance market value: $ billion, 2012–16
Figure 42: France insurance market category segmentation: % share, by value, 2016
Figure 43: France insurance market geography segmentation: % share, by value, 2016
Figure 44: France insurance market value forecast: $ billion, 2016–21
Figure 45: Forces driving competition in the insurance market in France, 2016
Figure 46: Drivers of buyer power in the insurance market in France, 2016
Figure 47: Drivers of supplier power in the insurance market in France, 2016
Figure 48: Factors influencing the likelihood of new entrants in the insurance market in France, 2016
Figure 49: Factors influencing the threat of substitutes in the insurance market in France, 2016
Figure 50: Drivers of degree of rivalry in the insurance market in France, 2016
Figure 51: Germany insurance market value: $ billion, 2012–16
Figure 52: Germany insurance market category segmentation: % share, by value, 2016
Figure 53: Germany insurance market geography segmentation: % share, by value, 2016
Figure 54: Germany insurance market value forecast: $ billion, 2016–21
Figure 55: Forces driving competition in the insurance market in Germany, 2016
Figure 56: Drivers of buyer power in the insurance market in Germany, 2016
Figure 57: Drivers of supplier power in the insurance market in Germany, 2016
Figure 58: Factors influencing the likelihood of new entrants in the insurance market in Germany, 2016
Figure 59: Factors influencing the threat of substitutes in the insurance market in Germany, 2016
Figure 60: Drivers of degree of rivalry in the insurance market in Germany, 2016
Figure 61: India insurance market value: $ billion, 2012–16
Figure 62: India insurance market category segmentation: % share, by value, 2016
Figure 63: India insurance market geography segmentation: % share, by value, 2016
Figure 64: India insurance market value forecast: $ billion, 2016–21
Figure 65: Forces driving competition in the insurance market in India, 2016
Figure 66: Drivers of buyer power in the insurance market in India, 2016
Figure 67: Drivers of supplier power in the insurance market in India, 2016
Figure 68: Factors influencing the likelihood of new entrants in the insurance market in India, 2016
Figure 69: Factors influencing the threat of substitutes in the insurance market in India, 2016
Figure 70: Drivers of degree of rivalry in the insurance market in India, 2016
Figure 71: Indonesia insurance market value: $ billion, 2012–16
Figure 72: Indonesia insurance market category segmentation: % share, by value, 2016
Figure 73: Indonesia insurance market geography segmentation: % share, by value, 2016
Figure 74: Indonesia insurance market value forecast: $ billion, 2016–21
Figure 75: Forces driving competition in the insurance market in Indonesia, 2016

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