Life Insurance & Pension in Asia-Pacific
Description
Life Insurance & Pension in Asia-Pacific
Summary
Life Insurance & Pension in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Life Insurance & Pension in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Life insurance is the financial cover for a contingency linked with human life, like death, disability, accident, retirement, etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household.
- The Asia-Pacific life insurance & pension market recorded gross written premiums of $1,144.5 billion in 2024, representing a compound annual growth rate (CAGR) of 1.2% between 2019 and 2024.
- The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $1,015.5 billion, equivalent to 88.7% of the market's overall value.
- In 2024, China accounted for 40.2% share of the Asia-Pacific life insurance & pension market, followed by Japan with 22.8% share and India with 9.6% share.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in Asia-Pacific
- Leading company profiles reveal details of key life insurance & pension 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 & pension market with five year forecasts by both value and volume
- What was the size of the Asia-Pacific life insurance & pension market by value in 2024?
- What will be the size of the Asia-Pacific life insurance & pension market in 2029?
- What factors are affecting the strength of competition in the Asia-Pacific life insurance & pension market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's life insurance & pension market?
Table of Contents
39 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 are the strengths and strategies of the leading players?
- 7.4. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Nan Shan Life Insurance Co Ltd
- 8.2. Fubon Life Insurance Co., Ltd
- 8.3. The Great Eastern Life Assurance Company Ltd
- 8.4. SBI Life Insurance Co 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 & pension market value: $ billion, 2019-24
- Table 2: Asia-Pacific life insurance & pension market category segmentation: % share, by value, 2019-24
- Table 3: Asia-Pacific life insurance & pension market category segmentation: $ billion, 2019-24
- Table 4: Asia-Pacific life insurance & pension market geography segmentation: $ billion, 2024
- Table 5: Asia-Pacific life insurance & pension market value forecast: $ billion, 2024-29
- Table 6: Asia-Pacific life insurance & pension market share: % share, by value, 2024
- Table 7: Nan Shan Life Insurance Co Ltd: Key Facts
- Table 8: Nan Shan Life Insurance Co Ltd: Key Employees
- Table 9: Fubon Life Insurance Co., Ltd: Key Facts
- Table 10: Fubon Life Insurance Co., Ltd: Key Employees
- Table 11: The Great Eastern Life Assurance Company Ltd: Key Facts
- Table 12: The Great Eastern Life Assurance Company Ltd: Key Employees
- Table 13: SBI Life Insurance Co Ltd: Key Facts
- Table 14: SBI Life Insurance Co Ltd: Annual Financial Ratios
- Table 15: SBI Life Insurance Co Ltd: Key Employees
- Table 16: Asia-Pacific Exchange Rate, 2019-24
- List of Figures
- Figure 1: Asia-Pacific life insurance & pension market value: $ billion, 2019-24
- Figure 2: Asia-Pacific life insurance & pension market category segmentation: $ billion, 2019-24
- Figure 3: Asia-Pacific life insurance & pension market geography segmentation: % share, by value, 2024
- Figure 4: Asia-Pacific life insurance & pension market value forecast: $ billion, 2024-29
- Figure 5: Forces driving competition in the life insurance & pension market in Asia-Pacific, 2024
- Figure 6: Drivers of buyer power in the life insurance & pension market in Asia-Pacific, 2024
- Figure 7: Drivers of supplier power in the life insurance & pension market in Asia-Pacific, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Asia-Pacific, 2024
- Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Asia-Pacific, 2024
- Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Asia-Pacific, 2024
- Figure 11: Asia-Pacific life insurance & pension market share: % share, by value, 2024
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