The global demand for B2B2C Insurance Market is presumed to reach the market size of nearly USD 2230.54 Million by 2032 from USD 897.84 Million in 2023 with a CAGR of 10.64% under the study period 2024-2032.
B2B2C insurance refers to selling life insurance and non-life insurance products and services through non-insurance mediators other than conventional insurance intermediaries such as agents, independent financial advisories, and brokers and includes the direct selling of insurance products to consumers. The adoption of digital insurance platforms for B2B2C insurance provides tangible benefits in terms of in-depth customer understanding, which helps to improve the customer journey and improve efficiency in insurer-insured partnerships.
Market Dynamics
The rise in consumer awareness about latent demand for insurance and the increase in insurance companies worldwide drive the growth of the B2B2C insurance market. Furthermore, the adoption of various advanced technologies in the B2B2C insurance market and the rising trend of customizing solutions to specific client needs will drive industry growth. In addition, the increasing awareness of the availability of the various cover services and the growing importance of consumers on these services for safety is expected to drive the market demand for B2B2C coverage plans. However, the increased competition among the key players and various strict government regulations hinders the market's growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of B2B2C Insurance. The growth and trends of B2B2C Insurance industry provide a holistic approach to this study.
Market Segmentation
This section of the B2B2C Insurance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Life Insurance
- Non-life Insurance (Health Insurance, Home Insurance, Vehicle Insurance, Personal Insurance, Accident Insurance, Others (Transport, Credit Insurance, etc.))
By Geographical Scope
- National
- Multi-country
- Regional
- Global
By Company Size
- Large Enterprise
- Small & Medium Enterprise
By Application
By Nature of Business
- Brick & Mortar
- E-commerce
- Multi-channel
- Non-commercial
- Service Company
By End-use Industry
- Banks & Financial Institutions
- Automotive
- Utilities
- Retailers
- Travel
- Housing
- Others (Lifestyle, Telecom, etc.)
By Distribution Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the B2B2C Insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global B2B2C Insurance Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the B2B2C Insurance market include Allianz SE, Assicurazioni Generali S.P.A. Aviva Group, AXA SA, Berkshire Hathaway Inc. BNP Paribas S.A. China Life Insurance (Group) Company, Japan Post Holdings Co. Ltd, Munich Re Group, Prudential Plc, UnitedHealth Group Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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