Market value forecast
In 2020, the global life insurance market is forecast to have a value of $3,356.2 billion, an increase of 19.5% since 2015.
Life insurance is the largest segment of the global life insurance market, accounting for 69.1% of the market’s total value.
Asia-Pacific accounts for 37.6% of the global life insurance market value.
AXA is the leading player in the global life insurance market, generating a 2.5% share of the market’s value.
MarketLine’s latest report, Life Insurance: Global Industry Almanac, is a global life insurance industry guide providing top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The guide also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
• The global life insurance market is expected to generate total gross written premiums of $2,809.7bn in 2015, representing a compound annual growth rate (CAGR) of 4.1% between 2011 and 2015.
• The life insurance segment is expected to be the market’s most lucrative in 2015, with total gross written premiums of $1,940.4bn, equivalent to 69.1% of the market’s overall value.
• Asia-Pacific accounts for the largest share of the global market, closely followed by Europe. Growth is largely being driven by countries such as China, India, South Korea, Russia, and South American countries.
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Report Format: electronic pdf