Global Smart Insurance Market Size, Status and Forecast 2018-2025
- Id : RNR-229803
- Category : Service Industries
- Publish Date : Jan 2019
- Publisher : S&P Consulting
- Pages : 118
- Format : PDF
This report focuses on the global Smart Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Insurance development in United States, Europe and China. Insurance is a business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments. The company calculates the risk of occurrence then determines the cost to replace (pay for) the loss to determine the premium amount. The Smart Insurance market is very fragment market; the premiums of top twenty-four players account about 25% of the total premiums in 2016. Gross premiums increased in most countries in the life, non-life or both segments in 2015. This growth may be a sign or a consequence of more favourable economic conditions, leading individuals to purchase insurance products. In most countries, the relatively low penetration of insurance (especially in South America and some Asian countries) shows that the insurance sector still has significant room to expand. In some countries, gross premiums declined where the continued low interest rates may have deterred individuals from purchasing life insurance products with lower guarantees. The economic context can directly impact the real developments of the life or the non-life sector as the example of Brazil where the high inflation outpaced the nominal growth of non-life premiums shows. In 2017, the global Smart Insurance market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025. The key players covered in this study Allianz AXA Generali Ping An Insurance China Life Insurance Prudential PLC Munich Re Zurich Insurance Nippon Life Insurance Japan Post Holdings Berkshire Hathaway Metlife Manulife Financial CPIC Chubb AIG Aviva Allstate Swiss RE Prudential Financial Travelers AIA Aflac Legal & General Market segment by Type, the product can be split into Life Insurance Non-Life Insurance Market segment by Application, split into Agency Brokers Bancassurance Digital & Direct Channels Market segment by Regions/Countries, this report covers United States Europe China Japan Southeast Asia India Central & South America The study objectives of this report are: To analyze global Smart Insurance status, future forecast, growth opportunity, key market and key players. To present the Smart Insurance development in United States, Europe and China. To strategically profile the key players and comprehensively analyze their development plan and strategies. To define, describe and forecast the market by product type, market and key regions. In this study, the years considered to estimate the market size of Smart Insurance are as follows: History Year: 2013-2017 Base Year: 2017 Estimated Year: 2018 Forecast Year 2018 to 2025 For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.