Global Insurance Industry Market
The global market for insurance was valued at $9.8 trillion in 2021 and is estimated to grow from $5.6 trillion in 2022 to $9.8 trillion 2027, with a compound annual growth rate (CAGR) of 12% for the period of 2022-2027.
- 39 data tables and 19 additional tables
- A comprehensive overview of the global markets for insurance products and services
- Analyses of the global market trends, with historic market revenue data for 2020 and 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Coverage of the most important technological, economic, and environmental considerations in the insurance industry market
- Estimation of the actual market size and market forecast for insurance industry, and corresponding market share analysis based on the type of insurance, distribution channel, end user, and region
- Latest information on key market drivers and opportunities, industry shifts and regulations, and other demographic factors that will influence this market demand in the coming years (2022-2027)
- Insight into the major technology challenges, issues and risks, government regulations, recent developments, and COVID-19 impact on the global insurance industrymarket
- Updated information on the latest market developments, merger and acquisition deals, partnerships, collaborations and other strategic alliances within the global insurance industry
- Descriptive company profiles of the leading global players, including molina healthcare inc., ping an insurance, prudential plc and state farm.
The current report offers a detailed picture of the insurance market.
This report further analyzes the market based on insurance type, providing an analysis of life and non-life insurance. In addition, the report also analyzes the distribution channels for the insurance industry. Furthermore, a complete regional analysis of the market is also in the report.
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|Base year considered||2021|
|Forecast period considered||2022–2027|
|Base year market size||$5.1 billion|
|Market size forecast||$9.89 billion|
|Growth rate||CAGR of 12% from 2022 to 2027|
|Units considered||$ Millions|
|Segments covered||Type, Region, Distribution Channel, Country|
|Regions covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Countries covered||United States. (U.S.), Canada, France, Germany, Italy., United Kingdom (U.K.), Spain., Rest of Europe, China, India, Japan, Rest of Asia-Pacific|
|Key Market Drivers||