The global demand for General Insurance Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Insurance is a means of protection from financial loss. General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance. It is called property and casualty insurance in the United States and Canada and non-life insurance in Continental Europe.
The economic growth of the developing countries, along with rising investment in the commercial sector and expansion of the related industries like automobiles and the traveling industry is boosting the market growth. In addition to this, the establishment of the online distribution channel is contributing to market growth. Further, since motor insurance is compulsory in India, the growth of the automobile sector is expected to boost the motor insurance segment of the non-life insurance market in India. In addition to this, in many developed countries, home insurance is mandatory is supporting market growth.
The 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 inclusive assessment of each application/product segment in the global market of general insurance.
The entire general insurance market has been sub-categorized into type and sales channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Sales Channel
- Motor Insurance
- Travel Insurance
- Home Insurance
- Commercial Insurance
- Digital and Direct Channels
This section covers regional segmentation which accentuates on current and future demand for general insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global General 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 general insurance market include Allianz, Zurich Insurance, Ping An Insurance, AXA, Munich Re, Generali, Japan Post Holdings, Prudential PLC, China Life Insurance, Nippon Life Insurance, Chubb, Allstate, Others. This section includes 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.