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Life Insurance Global Industry Almanac 2017

Life Insurance Global Industry Almanac 2017

Summary

Global Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, 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 life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies.

Key highlights

  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2016 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
  • The global life insurance market had total gross written premiums of $2,563bn in 2016, representing a compound annual growth rate (CAGR) of 3.4% between 2012 and 2016.
  • The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $1,685.4bn, equivalent to 65.8% of the market's overall value.
  • Unlike most other global markets, the pension/annuity segment dominates in the US. This is primarily due to the dominance of the private sector as far as pension and insurance in the US are concerned.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global life insurance market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global life insurance market
  • 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 global life insurance market with five year forecasts
Reasons to buy
  • What was the size of the global life insurance market by value in 2016?
  • What will be the size of the global life insurance market in 2021?
  • What factors are affecting the strength of competition in the global life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the global life insurance market?


EXECUTIVE SUMMARY 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Introduction 38
What is this report about? 38
Who is the target reader? 38
How to use this report 38
Definitions 38
Global Life Insurance 39
Market Overview 39
Market Data 40
Market Segmentation 41
Market outlook 44
Five forces analysis 45
Life Insurance in Asia-Pacific 52
Market Overview 52
Market Data 54
Market Segmentation 55
Market outlook 58
Five forces analysis 59
Life Insurance in Europe 66
Market Overview 66
Market Data 67
Market Segmentation 68
Market outlook 71
Five forces analysis 72
Life Insurance in France 79
Market Overview 79
Market Data 80
Market Segmentation 81
Market outlook 84
Five forces analysis 85
Macroeconomic indicators 91
Life Insurance in Germany 93
Market Overview 93
Market Data 94
Market Segmentation 95
Market outlook 98
Five forces analysis 99
Macroeconomic indicators 105
Life Insurance in Australia 107
Market Overview 107
Market Data 108
Market Segmentation 109
Market outlook 112
Five forces analysis 113
Macroeconomic indicators 120
Life Insurance in Brazil 122
Market Overview 122
Market Data 123
Market Segmentation 124
Market outlook 127
Five forces analysis 128
Macroeconomic indicators 134
Life Insurance in Canada 136
Market Overview 136
Market Data 137
Market Segmentation 138
Market outlook 141
Five forces analysis 142
Macroeconomic indicators 149
Life Insurance in China 151
Market Overview 151
Market Data 152
Market Segmentation 153
Market outlook 156
Five forces analysis 157
Macroeconomic indicators 164
Life Insurance in India 166
Market Overview 166
Market Data 167
Market Segmentation 168
Market outlook 171
Five forces analysis 172
Macroeconomic indicators 178
Life Insurance in Indonesia 180
Market Overview 180
Market Data 181
Market Segmentation 182
Market outlook 185
Five forces analysis 186
Macroeconomic indicators 192
Life Insurance in Italy 194
Market Overview 194
Market Data 195
Market Segmentation 196
Market outlook 199
Five forces analysis 200
Macroeconomic indicators 206
Life Insurance in Japan 208
Market Overview 208
Market Data 209
Market Segmentation 210
Market outlook 213
Five forces analysis 214
Macroeconomic indicators 221
Life Insurance in Mexico 223
Market Overview 223
Market Data 224
Market Segmentation 225
Market outlook 228
Five forces analysis 229
Macroeconomic indicators 235
Life Insurance in The Netherlands 237
Market Overview 237
Market Data 238
Market Segmentation 239
Market outlook 242
Five forces analysis 243
Macroeconomic indicators 249
Life Insurance in North America 251
Market Overview 251
Market Data 252
Market Segmentation 253
Market outlook 256
Five forces analysis 257
Life Insurance in Russia 264
Market Overview 264
Market Data 265
Market Segmentation 266
Market outlook 269
Five forces analysis 270
Macroeconomic indicators 277
Life Insurance in Scandinavia 279
Market Overview 279
Market Data 280
Market Segmentation 281
Market outlook 284
Five forces analysis 285
Life Insurance in Singapore 291
Market Overview 291
Market Data 292
Market Segmentation 293
Market outlook 296
Five forces analysis 297
Macroeconomic indicators 303
Life Insurance in South Africa 305
Market Overview 305
Market Data 306
Market Segmentation 307
Market outlook 310
Five forces analysis 311
Macroeconomic indicators 317
Life Insurance in South Korea 319
Market Overview 319
Market Data 320
Market Segmentation 321
Market outlook 324
Five forces analysis 325
Macroeconomic indicators 331
Life Insurance in Spain 333
Market Overview 333
Market Data 334
Market Segmentation 335
Market outlook 338
Five forces analysis 339
Macroeconomic indicators 345
Life Insurance in Turkey 347
Market Overview 347
Market Data 348
Market Segmentation 349
Market outlook 352
Five forces analysis 353
Macroeconomic indicators 360
Life Insurance in The United Kingdom 362
Market Overview 362
Market Data 363
Market Segmentation 364
Market outlook 367
Five forces analysis 368
Macroeconomic indicators 374
Life Insurance in The United States 376
Market Overview 376
Market Data 377
Market Segmentation 378
Market outlook 381
Five forces analysis 382
Macroeconomic indicators 389
Company Profiles 391
Leading Companies 391
Appendix 567
Methodology 567
About MarketLine 568
List of Tables
Table 1: Global life insurance market value: $ billion, 2012–16
Table 2: Global life insurance market category segmentation: $ billion, 2016
Table 3: Global life insurance market geography segmentation: $ billion, 2016
Table 4: Global life insurance market share: % share, by value, 2016
Table 5: Global life insurance market value forecast: $ billion, 2016–21
Table 6: Asia-Pacific life insurance market value: $ billion, 2012–16
Table 7: Asia–Pacific life insurance market category segmentation: $ billion, 2016
Table 8: Asia–Pacific life insurance market geography segmentation: $ billion, 2016
Table 9: Asia-Pacific life insurance market share: % share, by value, 2016
Table 10: Asia-Pacific life insurance market value forecast: $ billion, 2016–21
Table 11: Europe life insurance market value: $ billion, 2012–16
Table 12: Europe life insurance market category segmentation: $ billion, 2016
Table 13: Europe life insurance market geography segmentation: $ billion, 2016
Table 14: Europe life insurance market share: % share, by value, 2016
Table 15: Europe life insurance market value forecast: $ billion, 2016–21
Table 16: France life insurance market value: $ billion, 2012–16
Table 17: France life insurance market category segmentation: $ billion, 2016
Table 18: France life insurance market geography segmentation: $ billion, 2016
Table 19: France life insurance market share: % share, by value, 2016
Table 20: France life insurance market value forecast: $ billion, 2016–21
Table 21: France size of population (million), 2012–16
Table 22: France gdp (constant 2005 prices, $ billion), 2012–16
Table 23: France gdp (current prices, $ billion), 2012–16
Table 24: France inflation, 2012–16
Table 25: France consumer price index (absolute), 2012–16
Table 26: France exchange rate, 2012–16
Table 27: Germany life insurance market value: $ billion, 2012–16
Table 28: Germany life insurance market category segmentation: $ billion, 2016
Table 29: Germany life insurance market geography segmentation: $ billion, 2016
Table 30: Germany life insurance market share: % share, by value, 2016
Table 31: Germany life insurance market value forecast: $ billion, 2016–21
Table 32: Germany size of population (million), 2012–16
Table 33: Germany gdp (constant 2005 prices, $ billion), 2012–16
Table 34: Germany gdp (current prices, $ billion), 2012–16
Table 35: Germany inflation, 2012–16
Table 36: Germany consumer price index (absolute), 2012–16
Table 37: Germany exchange rate, 2012–16
Table 38: Australia life insurance market value: $ billion, 2012–16
Table 39: Australia life insurance market category segmentation: $ billion, 2016
Table 40: Australia life insurance market geography segmentation: $ billion, 2016
Table 41: Australia life insurance market share: % share, by value, 2016
Table 42: Australia life insurance market value forecast: $ billion, 2016–21
Table 43: Australia size of population (million), 2012–16
Table 44: Australia gdp (constant 2005 prices, $ billion), 2012–16
Table 45: Australia gdp (current prices, $ billion), 2012–16
Table 46: Australia inflation, 2012–16
Table 47: Australia consumer price index (absolute), 2012–16
Table 48: Australia exchange rate, 2012–16
Table 49: Brazil life insurance market value: $ billion, 2012–16
Table 50: Brazil life insurance market category segmentation: $ billion, 2016
Table 51: Brazil life insurance market geography segmentation: $ billion, 2016
Table 52: Brazil life insurance market share: % share, by value, 2016
Table 53: Brazil life insurance market value forecast: $ billion, 2016–21
Table 54: Brazil size of population (million), 2012–16
Table 55: Brazil gdp (constant 2005 prices, $ billion), 2012–16
Table 56: Brazil gdp (current prices, $ billion), 2012–16
Table 57: Brazil inflation, 2012–16
Table 58: Brazil consumer price index (absolute), 2012–16
Table 59: Brazil exchange rate, 2012–16
Table 60: Canada life insurance market value: $ billion, 2012–16
Table 61: Canada life insurance market category segmentation: $ billion, 2016
Table 62: Canada life insurance market geography segmentation: $ billion, 2016
Table 63: Canada life insurance market share: % share, by value, 2016
Table 64: Canada life insurance market value forecast: $ billion, 2016–21
Table 65: Canada size of population (million), 2012–16
Table 66: Canada gdp (constant 2005 prices, $ billion), 2012–16
Table 67: Canada gdp (current prices, $ billion), 2012–16
Table 68: Canada inflation, 2012–16
Table 69: Canada consumer price index (absolute), 2012–16
Table 70: Canada exchange rate, 2012–16
List of Figures
Figure 1: Global life insurance market value: $ billion, 2012–16 40
Figure 2: Global life insurance market category segmentation: % share, by value, 2016 41
Figure 3: Global life insurance market geography segmentation: % share, by value, 2016 42
Figure 4: Global life insurance market share: % share, by value, 2016 43
Figure 5: Global life insurance market value forecast: $ billion, 2016–21 44
Figure 6: Forces driving competition in the global life insurance market, 2016 45
Figure 7: Drivers of buyer power in the global life insurance market, 2016 46
Figure 8: Drivers of supplier power in the global life insurance market, 2016 47
Figure 9: Factors influencing the likelihood of new entrants in the global life insurance market, 2016 48
Figure 10: Factors influencing the threat of substitutes in the global life insurance market, 2016 50
Figure 11: Drivers of degree of rivalry in the global life insurance market, 2016 51
Figure 12: Asia-Pacific life insurance market value: $ billion, 2012–16 54
Figure 13: Asia–Pacific life insurance market category segmentation: % share, by value, 2016 55
Figure 14: Asia–Pacific life insurance market geography segmentation: % share, by value, 2016 56
Figure 15: Asia-Pacific life insurance market share: % share, by value, 2016 57
Figure 16: Asia-Pacific life insurance market value forecast: $ billion, 2016–21 58
Figure 17: Forces driving competition in the life insurance market in Asia-Pacific, 2016 59
Figure 18: Drivers of buyer power in the life insurance market in Asia-Pacific, 2016 60
Figure 19: Drivers of supplier power in the life insurance market in Asia-Pacific, 2016 61
Figure 20: Factors influencing the likelihood of new entrants in the life insurance market in Asia-Pacific, 2016 62
Figure 21: Factors influencing the threat of substitutes in the life insurance market in Asia-Pacific, 2016 64
Figure 22: Drivers of degree of rivalry in the life insurance market in Asia-Pacific, 2016 65
Figure 23: Europe life insurance market value: $ billion, 2012–16 67
Figure 24: Europe life insurance market category segmentation: % share, by value, 2016 68
Figure 25: Europe life insurance market geography segmentation: % share, by value, 2016 69
Figure 26: Europe life insurance market share: % share, by value, 2016 70
Figure 27: Europe life insurance market value forecast: $ billion, 2016–21 71
Figure 28: Forces driving competition in the life insurance market in Europe, 2016 72
Figure 29: Drivers of buyer power in the life insurance market in Europe, 2016 73
Figure 30: Drivers of supplier power in the life insurance market in Europe, 2016 74
Figure 31: Factors influencing the likelihood of new entrants in the life insurance market in Europe, 2016 75
Figure 32: Factors influencing the threat of substitutes in the life insurance market in Europe, 2016 77
Figure 33: Drivers of degree of rivalry in the life insurance market in Europe, 2016 78
Figure 34: France life insurance market value: $ billion, 2012–16 80
Figure 35: France life insurance market category segmentation: % share, by value, 2016 81
Figure 36: France life insurance market geography segmentation: % share, by value, 2016 82
Figure 37: France life insurance market share: % share, by value, 2016 83
Figure 38: France life insurance market value forecast: $ billion, 2016–21 84
Figure 39: Forces driving competition in the life insurance market in France, 2016 85
Figure 40: Drivers of buyer power in the life insurance market in France, 2016 86
Figure 41: Drivers of supplier power in the life insurance market in France, 2016 87
Figure 42: Factors influencing the likelihood of new entrants in the life insurance market in France, 2016 88
Figure 43: Factors influencing the threat of substitutes in the life insurance market in France, 2016 89
Figure 44: Drivers of degree of rivalry in the life insurance market in France, 2016 90
Figure 45: Germany life insurance market value: $ billion, 2012–16 94
Figure 46: Germany life insurance market category segmentation: % share, by value, 2016 95
Figure 47: Germany life insurance market geography segmentation: % share, by value, 2016 96
Figure 48: Germany life insurance market share: % share, by value, 2016 97
Figure 49: Germany life insurance market value forecast: $ billion, 2016–21 98
Figure 50: Forces driving competition in the life insurance market in Germany, 2016 99
Figure 51: Drivers of buyer power in the life insurance market in Germany, 2016 100
Figure 52: Drivers of supplier power in the life insurance market in Germany, 2016 101
Figure 53: Factors influencing the likelihood of new entrants in the life insurance market in Germany, 2016 102
Figure 54: Factors influencing the threat of substitutes in the life insurance market in Germany, 2016 103
Figure 55: Drivers of degree of rivalry in the life insurance market in Germany, 2016 104
Figure 56: Australia life insurance market value: $ billion, 2012–16 108
Figure 57: Australia life insurance market category segmentation: % share, by value, 2016 109
Figure 58: Australia life insurance market geography segmentation: % share, by value, 2016 110
Figure 59: Australia life insurance market share: % share, by value, 2016 111
Figure 60: Australia life insurance market value forecast: $ billion, 2016–21 112
Figure 61: Forces driving competition in the life insurance market in Australia, 2016 113
Figure 62: Drivers of buyer power in the life insurance market in Australia, 2016 114
Figure 63: Drivers of supplier power in the life insurance market in Australia, 2016 115
Figure 64: Factors influencing the likelihood of new entrants in the life insurance market in Australia, 2016 116
Figure 65: Factors influencing the threat of substitutes in the life insurance market in Australia, 2016 118
Figure 66: Drivers of degree of rivalry in the life insurance market in Australia, 2016 119
Figure 67: Brazil life insurance market value: $ billion, 2012–16 123
Figure 68: Brazil life insurance market category segmentation: % share, by value, 2016 124
Figure 69: Brazil life insurance market geography segmentation: % share, by value, 2016 125

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