Home / Service Industries / Global Smart Insurance Market Size, Status and Forecast 2018-2025

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
License Type

Description
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.