Summary
The global Non-Life Insurance Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2020.
Non-life insurance or term insurance, which includes mortgages, autos, and homeowners insurance, offers payments based on the possible loss from some future financial event. Non-life insurance is generally defined as any insurance which is not defined to be death insurance. There are many types of non-life insurance, such as managed care, investment in a business, and endowment. Some non-life insurance plans pay dividends to the beneficiaries; however, there are also others that pay interest only. Most non-life insurance contracts specify the maximum payout amount, which may vary from plan to plan.
General non-life insurance provides coverage for financial events like death, dismemberment, and loss of a limb. Some non-life insurance contracts may also include payment in case of illness, dismemberment, and accidents
Rapid growth in the associated sectors such as the automobile industry, and the healthcare industry is driving the growth of the non-life insurance market. According to the India Brand Equity Foundation, total automobile production in India reached 29 Mn units in FY 2018 from 25 Mn units in FY 2017, owing to the increased purchasing power of the middle-class population, coupled with a growing young working population. Also, increasing urbanization and increasing disposable income of the consumer across developing nations is another key factor propelling the growth of the non-life insurance market.
The Asia Pacific is expected to gain significant growth over the forecast period and this is attributed to the rapid urbanization in the region. According to the United Nation, Asia-Pacific is now dominantly urban — more than half the region’s population in 2019 live in cities and towns. The region’s urban population exceeded 2.3 billion, comprising 54 percent of all urbanites on the planet. The region’s number of urban dwellers is expected to rise to more than 2.8 billion in 2030 and reach nearly 3.5 billion in 2050.
Key Developments:
- In May 2021, Exide Life Insurance Company Limited announced the launch of Exide Life Guaranteed Wealth Plus, a comprehensive life insurance plan that offers best-in-class guaranteed returns, to help customers fulfill their financial needs comfortably along various life stages
- In January 2020, The Insurance Regulatory and Development Authority of India had approved 33 proposals — out of 173 proposals it received — from various non-life insurance companies under the regulatory sandbox structure.
The Non-Life Insurance Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Non-Life Insurance Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Bupa
- DKV
- Swiss Re
- Pacific Prime
- Benefit Management, Inc. (BMI)
- Gen Re
- Fubon
- Seoul Guarantee Insurance (SGI)
- First Capital Insurance Limited
- Asertec, S.A.
- Claveseguros Proseguros Nacionales Cia.
- Ltda
By Product Type, the market is primarily segmented into:
- Health Insurance
- Property Insurance
- Cargo Insurance
- Vehicle Insurance
- Other
By Applications, the market is segmented into:
- Personal
- Commercial
- Industrial
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
The objective of the Non-Life Insurance Market Report:
- To assess the size of the market by value and volume
- Analyze the Non-Life Insurance Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Non-Life Insurance Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Non-Life Insurance Market
The Non-Life Insurance Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Non-Life Insurance Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Non-Life Insurance Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Non-Life Insurance Market Share by Application: 2020 VS 2026
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Non-Life Insurance Market
1.6.1 How the Covid-19 is Affecting the Non-Life Insurance Market
1.6.1.1 Non-Life Insurance Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Non-Life Insurance Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Non-Life Insurance Market Perspective (2015-2026)
2.2 Non-Life Insurance Market Growth Trends by Regions
2.2.1 Non-Life Insurance Market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Non-Life Insurance Market Historic Market Share by Regions (2015-2020)
2.2.3 Non-Life Insurance Market Forecasted Market Size by Regions (2021-2026)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Non-Life Insurance Market Growth Strategy
2.3.6 Primary Interviews with Key Non-Life Insurance Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Non-Life Insurance Market Players by Market Size
3.1.1 Global Top Non-Life Insurance Market Players by Revenue (2015-2020)
3.1.2 Global Non-Life Insurance Market Revenue Market Share by Players (2015-2020)
3.1.3 Global Non-Life Insurance Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Non-Life Insurance Market Concentration Ratio
3.2.1 Global Non-Life Insurance Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Non-Life Insurance Market Revenue in 2019
3.3 Non-Life Insurance Market Key Players Head office and Area Served
3.4 Key Players Non-Life Insurance Market Product Solution and Service
3.5 Date of entering into Non-Life Insurance Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
4.1 Global Non-Life Insurance Market Historic Market Size by Type (2015-2020)
4.2 Global Non-Life Insurance Market Forecasted Market Size by Type (2021-2026)
5 Non-Life Insurance Market Breakdown Data by Application (2015-2026)
5.1 Global Non-Life Insurance Market Size by Application (2015-2020)
5.2 Global Non-Life Insurance Market Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America Non-Life Insurance Market Size (2015-2020)
6.2 Non-Life Insurance Market Key Players in North America (2019-2020)
6.3 North America Non-Life Insurance Market Size by Type (2015-2020)
6.4 North America Non-Life Insurance Market Size by Application (2015-2020)
7 Europe
7.1 Europe Non-Life Insurance Market Size (2015-2020)
7.2 Non-Life Insurance Market Key Players in Europe (2019-2020)
7.3 Europe Non-Life Insurance Market Size by Type (2015-2020)
7.4 Europe Non-Life Insurance Market Size by Application (2015-2020)
8 China
8.1 China Non-Life Insurance Market Size (2015-2020)
8.2 Non-Life Insurance Market Key Players in China (2019-2020)
8.3 China Non-Life Insurance Market Size by Type (2015-2020)
8.4 China Non-Life Insurance Market Size by Application (2015-2020)
9 Japan
9.1 Japan Non-Life Insurance Market Size (2015-2020)
9.2 Non-Life Insurance Market Key Players in Japan (2019-2020)
9.3 Japan Non-Life Insurance Market Size by Type (2015-2020)
9.4 Japan Non-Life Insurance Market Size by Application (2015-2020)
10 Southeast Asia
10.1 Southeast Asia Non-Life Insurance Market Size (2015-2020)
10.2 Non-Life Insurance Market Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Non-Life Insurance Market Size by Type (2015-2020)
10.4 Southeast Asia Non-Life Insurance Market Size by Application (2015-2020)
11 India
11.1 India Non-Life Insurance Market Size (2015-2020)
11.2 Non-Life Insurance Market Key Players in India (2019-2020)
11.3 India Non-Life Insurance Market Size by Type (2015-2020)
11.4 India Non-Life Insurance Market Size by Application (2015-2020)
12 Central & South America
12.1 Central & South America Non-Life Insurance Market Size (2015-2020)
12.2 Non-Life Insurance Market Key Players in Central & South America (2019-2020)
12.3 Central & South America Non-Life Insurance Market Size by Type (2015-2020)
12.4 Central & South America Non-Life Insurance Market Size by Application (2015-2020)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Non-Life Insurance Market Introduction
13.4 Non-Life Insurance Market Business (2015-2020)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Non-Life Insurance Market Key Market Segments
Table 2. Key Players Covered: Ranking by Non-Life Insurance Market Revenue
Table 3. Ranking of Global Top Non-Life Insurance Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Non-Life Insurance Market Size Growth Rate by Type (US$ Million): 2020 VS 2026
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Non-Life Insurance Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Non-Life Insurance Market Players to Combat Covid-19 Impact
Table 10. Global Non-Life Insurance Market Size Growth by Application (US$ Million): 2020 VS 2026
Table 11. Global Non-Life Insurance Market Size by Regions (US$ Million): 2020 VS 2026
Table 12. Global Non-Life Insurance Market Size by Regions (2015-2020) (US$ Million)
Table 13. Global Non-Life Insurance Market Share by Regions (2015-2020)
Table 14. Global Non-Life Insurance Market Forecasted Market Size by Regions (2021-2026) (US$ Million)
Table 15. Global Non-Life Insurance Market Share by Regions (2021-2026)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Non-Life Insurance Market Growth Strategy
Table 20. Main Points Interviewed from Key Non-Life Insurance Market Players
Table 21. Global Non-Life Insurance Market Revenue by Players (2015-2020) (Million US$)
Table 22. Global Non-Life Insurance Market Share by Players (2015-2020)
Table 23. Global Top Non-Life Insurance Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Non-Life Insurance Market as of 2019)
Table 24. Global Non-Life Insurance Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Non-Life Insurance Market Product Solution and Service
Table 27. Date of entering into Non-Life Insurance Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Non-Life Insurance Market Size by Type (2015-2020) (Million US$)
Table 30. Global Non-Life Insurance Market Size Share by Type (2015-2020)
Table 31. Global Non-Life Insurance Market Revenue Market Share by Type (2021-2026)
Table 31. Global Non-Life Insurance Market Size Share by Application (2015-2020)
Table 33. Global Non-Life Insurance Market Size by Application (2015-2020) (Million US$)
Table 34. Global Non-Life Insurance Market Size Share by Application (2021-2026)
Table 35. North America Key Players Non-Life Insurance Market Revenue (2019-2020) (Million US$)
Table 36. North America Key Players Non-Life Insurance Market Share (2019-2020)
Table 37. North America Non-Life Insurance Market Size by Type (2015-2020) (Million US$)
Table 38. North America Non-Life Insurance Market Share by Type (2015-2020)
Table 39. North America Non-Life Insurance Market Size by Application (2015-2020) (Million US$)
Table 40. North America Non-Life Insurance Market Share by Application (2015-2020)
Table 41. Europe Key Players Non-Life Insurance Market Revenue (2019-2020) (Million US$)
Table 42. Europe Key Players Non-Life Insurance Market Share (2019-2020)
Table 43. Europe Non-Life Insurance Market Size by Type (2015-2020) (Million US$)
Table 44. Europe Non-Life Insurance Market Share by Type (2015-2020)
Table 45. Europe Non-Life Insurance Market Size by Application (2015-2020) (Million US$)
Table 46. Europe Non-Life Insurance Market Share by Application (2015-2020)
Table 47. China Key Players Non-Life Insurance Market Revenue (2019-2020) (Million US$)
Table 48. China Key Players Non-Life Insurance Market Share (2019-2020)
Table 49. China Non-Life Insurance Market Size by Type (2015-2020) (Million US$)
Table 50. China Non-Life Insurance Market Share by Type (2015-2020)
Table 51. China Non-Life Insurance Market Size by Application (2015-2020) (Million US$)
Table 52. China Non-Life Insurance Market Share by Application (2015-2020)
Table 53. Japan Key Players Non-Life Insurance Market Revenue (2019-2020) (Million US$)
Table 54. Japan Key Players Non-Life Insurance Market Share (2019-2020)
Table 55. Japan Non-Life Insurance Market Size by Type (2015-2020) (Million US$)
Table 56. Japan Non-Life Insurance Market Share by Type (2015-2020)
Table 57. Japan Non-Life Insurance Market Size by Application (2015-2020) (Million US$)
Table 58. Japan Non-Life Insurance Market Share by Application (2015-2020)
Table 59. Southeast Asia Key Players Non-Life Insurance Market Revenue (2019-2020) (Million US$)
Table 60. Southeast Asia Key Players Non-Life Insurance Market Share (2019-2020)
Table 61. Southeast Asia Non-Life Insurance Market Size by Type (2015-2020) (Million US$)
Table 62. Southeast Asia Non-Life Insurance Market Share by Type (2015-2020)
Table 63. Southeast Asia Non-Life Insurance Market Size by Application (2015-2020) (Million US$)
Table 64. Southeast Asia Non-Life Insurance Market Share by Application (2015-2020)
Table 65. India Key Players Non-Life Insurance Market Revenue (2019-2020) (Million US$)
Table 66. India Key Players Non-Life Insurance Market Share (2019-2020)
Table 67. India Non-Life Insurance Market Size by Type (2015-2020) (Million US$)
Table 68. India Non-Life Insurance Market Share by Type (2015-2020)
Table 69. India Non-Life Insurance Market Size by Application (2015-2020) (Million US$)
Table 70. India Non-Life Insurance Market Share by Application (2015-2020)
Table 71. Central & South America Key Players Non-Life Insurance Market Revenue (2019-2020) (Million US$)
Table 72. Central & South America Key Players Non-Life Insurance Market Share (2019-2020)
Table 73. Central & South America Non-Life Insurance Market Size by Type (2015-2020) (Million US$)
Table 74. Central & South America Non-Life Insurance Market Share by Type (2015-2020)
Table 75. Central & South America Non-Life Insurance Market Size by Application (2015-2020) (Million US$)
Table 76. Central & South America Non-Life Insurance Market Share by Application (2015-2020)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Non-Life Insurance Market Business (2015-2020) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Non-Life Insurance Market Share by Type: 2020 VS 2026
Figure 2. Global Non-Life Insurance Market Share by Application: 2020 VS 2026
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Non-Life Insurance Market Report Years Considered
Figure 8. Global Non-Life Insurance Market Size YoY Growth 2015-2026 (US$ Million)
Figure 9. Global Non-Life Insurance Market Share by Regions: 2020 VS 2026
Figure 10. Global Non-Life Insurance Market Share by Regions (2021-2026)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Non-Life Insurance Market Share by Players in 2019
Figure 13. Global Top Non-Life Insurance Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Non-Life Insurance Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Non-Life Insurance Market Revenue in 2019
Figure 15. North America Non-Life Insurance Market Size YoY Growth (2015-2020) (Million US$)
Figure 16. Europe Non-Life Insurance Market Size YoY Growth (2015-2020) (Million US$)
Figure 17. China Non-Life Insurance Market Size YoY Growth (2015-2020) (Million US$)
Figure 18. Japan Non-Life Insurance Market Size YoY Growth (2015-2020) (Million US$)
Figure 19. Southeast Asia Non-Life Insurance Market Size YoY Growth (2015-2020) (Million US$)
Figure 20. India Non-Life Insurance Market Size YoY Growth (2015-2020) (Million US$)
Figure 21. Central & South America Non-Life Insurance Market Size YoY Growth (2015-2020) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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