
Europe Funeral Insurance Market Growth, Size, Trends Analysis - By Age Group, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
Description
Europe Funeral Insurance Market Introduction and Overview
According to SPER market research, ‘Europe Funeral Insurance Market Size- By Age Group, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Europe Funeral Insurance Market is predicted to reach 300.27 billion by 2034 with a CAGR of 7.2%.
Burial insurance, often referred to as final expense insurance, is a specific type of life insurance designed to cover end-of-life costs such as funerals, medical bills, and outstanding debts. Typically, it offers a lower death benefit compared to conventional life insurance and is generally easier to qualify for. The primary aim of burial insurance is to address funeral and burial costs, alleviating the financial burden on surviving family members.
Restraints:
The burial insurance market encounters various challenges that may impede its expansion. A significant factor is the general lack of awareness among consumers regarding the availability of burial insurance products. Many individuals continue to depend on traditional life insurance policies to fund burial costs, unaware that specific burial products may be more economical and suited to their requirements.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Age Group, By Distribution Channel
Regions covered
France, Germany, Italy, Spain, United Kingdom, Rest of Europe
Companies Covered
Allianz, AXA, Avalon Group Companies, Diaspora Insurance, Banco Santander S.A, Monuta, Co-op Funeralcare, Swiss Life AG, Mutualidad, Menzis.
Europe Funeral Insurance Market Segmentation:
By Age Group: Based on the Age Group, Europe Funeral Insurance Market is segmented as; Over 50, Over 60, Over 70, Over 80.
By Distribution Channel: Based on the Distribution Channel, Europe Funeral Insurance Market is segmented as; Direct-to-Consumer, Broker-Assisted, Tied-agent Assisted, Funeral Homes, Others.
By Region: This research also includes data for Australia, China, India, Japan, South Korea, Rest of Asia-Pacific.
According to SPER market research, ‘Europe Funeral Insurance Market Size- By Age Group, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Europe Funeral Insurance Market is predicted to reach 300.27 billion by 2034 with a CAGR of 7.2%.
Burial insurance, often referred to as final expense insurance, is a specific type of life insurance designed to cover end-of-life costs such as funerals, medical bills, and outstanding debts. Typically, it offers a lower death benefit compared to conventional life insurance and is generally easier to qualify for. The primary aim of burial insurance is to address funeral and burial costs, alleviating the financial burden on surviving family members.
Restraints:
The burial insurance market encounters various challenges that may impede its expansion. A significant factor is the general lack of awareness among consumers regarding the availability of burial insurance products. Many individuals continue to depend on traditional life insurance policies to fund burial costs, unaware that specific burial products may be more economical and suited to their requirements.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Age Group, By Distribution Channel
Regions covered
France, Germany, Italy, Spain, United Kingdom, Rest of Europe
Companies Covered
Allianz, AXA, Avalon Group Companies, Diaspora Insurance, Banco Santander S.A, Monuta, Co-op Funeralcare, Swiss Life AG, Mutualidad, Menzis.
Europe Funeral Insurance Market Segmentation:
By Age Group: Based on the Age Group, Europe Funeral Insurance Market is segmented as; Over 50, Over 60, Over 70, Over 80.
By Distribution Channel: Based on the Distribution Channel, Europe Funeral Insurance Market is segmented as; Direct-to-Consumer, Broker-Assisted, Tied-agent Assisted, Funeral Homes, Others.
By Region: This research also includes data for Australia, China, India, Japan, South Korea, Rest of Asia-Pacific.
Table of Contents
154 Pages
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Europe Funeral Insurance Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Funeral Insurance Market
- 7. Europe Funeral Insurance Market, By Age Group (USD Million) 2021-2034
- 7.1. Over 50
- 7.2. Over 60
- 7.3. Over 70
- 7.4. Over 80
- 8. Europe Funeral Insurance Market, By Distribution Channel (USD Million) 2021-2034
- 8.1. Direct-to-Consumer
- 8.1.1. Online
- 8.1.2. Others
- 8.2. Broker-Assisted
- 8.3. Tied-agent Assisted
- 8.4. Funeral Homes
- 8.5. Others
- 9. Europe Funeral Insurance Market, (USD Million) 2021-2034
- 9.1. Europe Funeral Insurance Market Size and Market Share
- 10. Europe Funeral Insurance Market, By Region, (USD Million) 2021-2034
- 10.1. France
- 10.2. Germany
- 10.3. Italy
- 10.4. Spain
- 10.5. United Kingdom
- 10.6. Rest of Europe
- 11. Company Profile
- 11.1. Allianz
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. AXA
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. Avalon Group Companies
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. Diaspora Insurance
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. Banco Santander S. A
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. Monuta
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Co-op Funeralcare
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. Swiss Life AG
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. Mutualidad
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. Menzis
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
- 11.10.5. Recent developments
- 11.11. Others
- 12. Conclusion
- 13. List of Abbreviations
- 14. Reference Links
Pricing
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