ID: MRFR/HC/8506-HCR | 135 Pages | Published By Kinjoll Dey on March 2023
Insurance Protection Products Market is expected to be valued at USD 97.65 Billion by 2030 and is expected to register a growth of 7.90% from 2022 to 2030.
Insurance is a cover for the probable loss in the future to an individual property, material, or events by paying an eligible premium to the insurance company. A policy represents insurance. The insurance company collects small amounts of money from its clients and pools the money together to pay for losses. The insurance companies have witnessed tremendous changes over the years. Previously, insurance companies only provided life insurance, but now a person can get financial protection or everything they own.
Insurance Protection Products Market, By Type: Life insurance is the largest segment in the global market as the prevalence of chronic diseases is increasing.
Insurance Protection Products Market, By Distribution Channel
Insurance Protection Products Market, By Region: The US is expected to hold the largest share of the insurance protection market, followed by China, Japan, the UK, France, Germany, and South Korea.
Insurance Protection Products Market Key Players
|Market Size||2030: USD 97.65 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Allianz (Germany), Aviva (UK), Prudential (US), AXA A.S (France), Covea Insurance plc (UK), MetLife Inc. (US), China Life Insurance Company (China), United Health Group Incorporated (US), Aegon Life Insurance Company (India), and Sun Life Financial (Canada).|
|Key Market Opportunities||Rising Advantage of Insurance Policies.|
|Key Market Drivers||COVID-19 is expected to drive the growth of the Global Insurance Protection Products Market. Growing Prevalence of Chronic Diseases. Competition among different Insurance Companies.|
The growth period for the Global Insurance Protection Products Market is 2022 to 2030.
The revenue for the Global Insurance Protection Products Market would be USD 97.65 Billion by 2030.
The market drivers for Global Insurance Protection Products Market are the mounting prevalence of chronic diseases, competition among different insurance companies, and intensifying advantage of insurance policies.
Metlife Inc. (U.S.), Allianz (Germany), Covea Insurance plc (U.K.), Prudential (U.S.), Aviva (U.K.) and AXA A.S (France) are the key players of Global Insurance Protection Products Market.
The main regions that gained the highest share of the Global Insurance Protection Products Market are the Americas, Europe, as well as Asia-Pacific.