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Insurance Global Industry Guide 2017

Insurance Global Industry Guide 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 23
What is this report about? 23
Who is the target reader? 23
How to use this report 23
Definitions 23
Global Insurance 24
Market Overview 24
Market Data 25
Market Segmentation 26
Market outlook 28
Five forces analysis 29
Insurance in Asia-Pacific 40
Market Overview 40
Market Data 42
Market Segmentation 43
Market outlook 45
Five forces analysis 46
Insurance in Europe 57
Market Overview 57
Market Data 58
Market Segmentation 59
Market outlook 61
Five forces analysis 62
Insurance in France 72
Market Overview 72
Market Data 73
Market Segmentation 74
Market outlook 76
Five forces analysis 77
Macroeconomic indicators 87
Insurance in Germany 89
Market Overview 89
Market Data 90
Market Segmentation 91
Market outlook 93
Five forces analysis 94
Macroeconomic indicators 104
Insurance in Italy 106
Market Overview 106
Market Data 107
Market Segmentation 108
Market outlook 110
Five forces analysis 111
Macroeconomic indicators 121
Insurance in Japan 123
Market Overview 123
Market Data 124
Market Segmentation 125
Market outlook 127
Five forces analysis 128
Macroeconomic indicators 138
Insurance in Australia 140
Market Overview 140
Market Data 141
Market Segmentation 142
Market outlook 144
Five forces analysis 145
Macroeconomic indicators 155
Insurance in Canada 157
Market Overview 157
Market Data 158
Market Segmentation 159
Market outlook 161
Five forces analysis 162
Macroeconomic indicators 172
Insurance in China 174
Market Overview 174
Market Data 175
Market Segmentation 176
Market outlook 178
Five forces analysis 179
Macroeconomic indicators 189
Insurance in The Netherlands 191
Market Overview 191
Market Data 192
Market Segmentation 193
Market outlook 195
Five forces analysis 196
Macroeconomic indicators 206
Insurance in Spain 208
Market Overview 208
Market Data 209
Market Segmentation 210
Market outlook 212
Five forces analysis 213
Macroeconomic indicators 223
Insurance in The United Kingdom 225
Market Overview 225
Market Data 226
Market Segmentation 227
Market outlook 229
Five forces analysis 230
Macroeconomic indicators 240
Insurance in The United States 242
Market Overview 242
Market Data 243
Market Segmentation 244
Market outlook 246
Five forces analysis 247
Macroeconomic indicators 257
Company Profiles 259
Leading Companies 259
Appendix 375
Methodology 375
About MarketLine 376
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: France insurance market value: $ billion, 2012–16
Table 14: France insurance market category segmentation: $ billion, 2016
Table 15: France insurance market geography segmentation: $ billion, 2016
Table 16: France insurance market value forecast: $ billion, 2016–21
Table 17: France size of population (million), 2012–16
Table 18: France gdp (constant 2005 prices, $ billion), 2012–16
Table 19: France gdp (current prices, $ billion), 2012–16
Table 20: France inflation, 2012–16
Table 21: France consumer price index (absolute), 2012–16
Table 22: France exchange rate, 2012–16
Table 23: Germany insurance market value: $ billion, 2012–16
Table 24: Germany insurance market category segmentation: $ billion, 2016
Table 25: Germany insurance market geography segmentation: $ billion, 2016
Table 26: Germany insurance market value forecast: $ billion, 2016–21
Table 27: Germany size of population (million), 2012–16
Table 28: Germany gdp (constant 2005 prices, $ billion), 2012–16
Table 29: Germany gdp (current prices, $ billion), 2012–16
Table 30: Germany inflation, 2012–16
Table 31: Germany consumer price index (absolute), 2012–16
Table 32: Germany exchange rate, 2012–16
Table 33: Italy insurance market value: $ billion, 2012–16
Table 34: Italy insurance market category segmentation: $ billion, 2016
Table 35: Italy insurance market geography segmentation: $ billion, 2016
Table 36: Italy insurance market value forecast: $ billion, 2016–21
Table 37: Italy size of population (million), 2012–16
Table 38: Italy gdp (constant 2005 prices, $ billion), 2012–16
Table 39: Italy gdp (current prices, $ billion), 2012–16
Table 40: Italy inflation, 2012–16
Table 41: Italy consumer price index (absolute), 2012–16
Table 42: Italy exchange rate, 2012–16
Table 43: Japan insurance market value: $ billion, 2012–16
Table 44: Japan insurance market category segmentation: $ billion, 2016
Table 45: Japan insurance market geography segmentation: $ billion, 2016
Table 46: Japan insurance market value forecast: $ billion, 2016–21
Table 47: Japan size of population (million), 2012–16
Table 48: Japan gdp (constant 2005 prices, $ billion), 2012–16
Table 49: Japan gdp (current prices, $ billion), 2012–16
Table 50: Japan inflation, 2012–16
Table 51: Japan consumer price index (absolute), 2012–16
Table 52: Japan exchange rate, 2012–16
Table 53: Australia insurance market value: $ billion, 2012–16
Table 54: Australia insurance market category segmentation: $ billion, 2016
Table 55: Australia insurance market geography segmentation: $ billion, 2016
Table 56: Australia insurance market value forecast: $ billion, 2016–21
Table 57: Australia size of population (million), 2012–16
Table 58: Australia gdp (constant 2005 prices, $ billion), 2012–16
Table 59: Australia gdp (current prices, $ billion), 2012–16
Table 60: Australia inflation, 2012–16
Table 61: Australia consumer price index (absolute), 2012–16
Table 62: Australia exchange rate, 2012–16
Table 63: Canada insurance market value: $ billion, 2012–16
Table 64: Canada insurance market category segmentation: $ billion, 2016
Table 65: Canada insurance market geography segmentation: $ billion, 2016
Table 66: Canada insurance market value forecast: $ billion, 2016–21
Table 67: Canada size of population (million), 2012–16
Table 68: Canada gdp (constant 2005 prices, $ billion), 2012–16
Table 69: Canada gdp (current prices, $ billion), 2012–16
Table 70: Canada inflation, 2012–16
Table 71: Canada consumer price index (absolute), 2012–16
Table 72: Canada exchange rate, 2012–16
Table 73: China insurance market value: $ billion, 2012–16
Table 74: China insurance market category segmentation: $ billion, 2016
Table 75: China 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: France insurance market value: $ billion, 2012–16
Figure 32: France insurance market category segmentation: % share, by value, 2016
Figure 33: France insurance market geography segmentation: % share, by value, 2016
Figure 34: France insurance market value forecast: $ billion, 2016–21
Figure 35: Forces driving competition in the insurance market in France, 2016
Figure 36: Drivers of buyer power in the insurance market in France, 2016
Figure 37: Drivers of supplier power in the insurance market in France, 2016
Figure 38: Factors influencing the likelihood of new entrants in the insurance market in France, 2016
Figure 39: Factors influencing the threat of substitutes in the insurance market in France, 2016
Figure 40: Drivers of degree of rivalry in the insurance market in France, 2016
Figure 41: Germany insurance market value: $ billion, 2012–16
Figure 42: Germany insurance market category segmentation: % share, by value, 2016
Figure 43: Germany insurance market geography segmentation: % share, by value, 2016
Figure 44: Germany insurance market value forecast: $ billion, 2016–21
Figure 45: Forces driving competition in the insurance market in Germany, 2016
Figure 46: Drivers of buyer power in the insurance market in Germany, 2016
Figure 47: Drivers of supplier power in the insurance market in Germany, 2016
Figure 48: Factors influencing the likelihood of new entrants in the insurance market in Germany, 2016
Figure 49: Factors influencing the threat of substitutes in the insurance market in Germany, 2016
Figure 50: Drivers of degree of rivalry in the insurance market in Germany, 2016
Figure 51: Italy insurance market value: $ billion, 2012–16
Figure 52: Italy insurance market category segmentation: % share, by value, 2016
Figure 53: Italy insurance market geography segmentation: % share, by value, 2016
Figure 54: Italy insurance market value forecast: $ billion, 2016–21
Figure 55: Forces driving competition in the insurance market in Italy, 2016
Figure 56: Drivers of buyer power in the insurance market in Italy, 2016
Figure 57: Drivers of supplier power in the insurance market in Italy, 2016
Figure 58: Factors influencing the likelihood of new entrants in the insurance market in Italy, 2016
Figure 59: Factors influencing the threat of substitutes in the insurance market in Italy, 2016
Figure 60: Drivers of degree of rivalry in the insurance market in Italy, 2016
Figure 61: Japan insurance market value: $ billion, 2012–16
Figure 62: Japan insurance market category segmentation: % share, by value, 2016
Figure 63: Japan insurance market geography segmentation: % share, by value, 2016
Figure 64: Japan insurance market value forecast: $ billion, 2016–21
Figure 65: Forces driving competition in the insurance market in Japan, 2016
Figure 66: Drivers of buyer power in the insurance market in Japan, 2016
Figure 67: Drivers of supplier power in the insurance market in Japan, 2016
Figure 68: Factors influencing the likelihood of new entrants in the insurance market in Japan, 2016
Figure 69: Factors influencing the threat of substitutes in the insurance market in Japan, 2016
Figure 70: Drivers of degree of rivalry in the insurance market in Japan, 2016
Figure 71: Australia insurance market value: $ billion, 2012–16
Figure 72: Australia insurance market category segmentation: % share, by value, 2016
Figure 73: Australia insurance market geography segmentation: % share, by value, 2016
Figure 74: Australia insurance market value forecast: $ billion, 2016–21
Figure 75: Forces driving competition in the insurance market in Australia, 2016

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