1. Market Research
  2. > Financial Services Market Trends
  3. > Insurance

Insurance Services: Latest Industry Statistics and Trends

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
20 votes

Global Insurance Industry

The world insurance industry (one of the most profitable financial services) expanded by more than 4.5% in 2010 to reach close to $4.1 trillion, according to research from MarketLine. The market is forecast to reach over $5.1 trillion in 2015, representing a 26% increase in five years. Life insurance represents the leading market segment with almost 58% of the overall market in terms of value. The EU represents just over 35% of the overall global insurance market.

Developed markets dominate the global insurance industry, with the US, the UK, Germany, France and Japan holding the largest combined share, reports Global Industry Analysts. The internet is occupying an increasingly important place as businesses interface in the insurance market, helping insurance institutions attract customers and cutting down on marketing and administrative spending as sales agents become unnecessary.

Key Market Segments

The world life and health insurance market reached almost $2.9 trillion in 2010, reports MarketLine. The market grew at a yearly rate of close to 4.5% between 2006 and 2010, and is expected to grow at a yearly rate of more than 7% until 2015, hitting close to $4.1 trillion. Life insurance represented the leading market segment in 2010 at almost $2.56 trillion, or about 90% of the overall market.

The world motor insurance industry expanded by almost 3.5% in 2010 to reach over $525 billion, reports MarketLine. The market is expected to be worth $614 billion in 2015, a 17% increase in five years. Personal insurance represents almost 80% of the overall market, and the Americas account for close to 45% of the global market.

The world reinsurance industry was worth almost $166 billion in 2009, reports MarketLine. The market is expected to record yearly growth of almost 2.5% up until 2015. Property reinsurance represented the leading market segment in 2010, generating more than $66 billion, or almost 40% of the overall market in terms of value.

Regional Market Share

Insurance industry growth in developed regions like North America is relatively slow due to an unsteady long-term savings market and ground lost to high-earnings oriented financial services, according to research from Global Industry Analysts. Japan’s insurance market is stronger largely due to financial reforms. Insurance companies continue to roll out their business activity in emerging Asian markets like China. Growth is expected to be strongest in the private and public pension plans market segment due to an aging global population.

Asia Pacific is benefiting from rising interest rates, which are helping insurer investment returns, reports AM MindPower Solutions. However, inflation may become an obstacle to market growth.

Africa’s insurance market has witnessed growing demand through bancassurance, reports AM MindPower Solutions. Other distribution channels, such as through brokers and agents, have not lost ground either. South Africa’s life insurance industry has well established distribution channels, and is supported by strong expertise and technological innovation.

India’s insurance market is led by the health insurance segment, according to research from RNCOS. Strategies for market expansion being deployed by public and private insurers will help to expand the country’s insurance market. India’s health insurance segment is one of the world’s leading health insurance markets due to rising health awareness and healthcare costs. The segment is forecast to record yearly growth of almost 33% between 2010 and 2014. The government has set in place and sponsored health insurance schemes that are helping to fuel the market. Private and public health insurers are also offering a widening array of schemes from individual to family and covering prevalent conditions such as kidney failure, stroke and heart failure.

Read more »


You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 19 000 reports

Global Insurance Industry

  • September 2016
    20 pages
  • Insurance  

  • World  



View report >

Insurance Industry in the US - Forecast

  • September 2016
    20 pages
  • Insurance  

  • United States  

View report >

Life Insurance Statistics in Asia and China

  • July 2016
    60 pages
  • Life Insurance  


  • China  



View report >

Insurance Markets in Japan

  • September 2016
    8 pages
  • Insurance  

  • Japan  

View report >

Critical Illness Insurance Markets in the US and France

  • August 2016
    62 pages
  • Insurance  

    Critical Illnes...  

    Nursing Home  

  • United States  


View report >

Insurance Industry in Germany

  • June 2016
    39 pages
  • Insurance  

  • Germany  

View report >

Crop Insurance Industry in Italy

  • February 2016
    30 pages
  • Crop Insurance  



  • Italy  

View report >

Insurance Markets in the UK

  • August 2016
    17 pages
  • Usage Based Ins...  


  • United Kingdom  

View report >

Insurance Industry in Canada

  • July 2016
    19 pages
  • Insurance  

  • Canada  

View report >

About 7 500 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 99 - $ 8 741)

Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10 000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

The Service Assurance Systems: Worldwide Forecast 2016 ...

September 2016 $ 7 999

Fraud Detection And Prevention Market By Solution, Appl ...

September 2016 $ 7 150

Travel Insurance And Assistance In The Asia-pacific Reg ...

July 2016 $ 5 996

Business Process Management Market Analysis By Solution ...

August 2016 $ 4 950

Idc Maturityscape: Omni-experience Digital Transformati ...

August 2016 $ 4 500

Uk Personal Injury Litigation 2016; The Turbulent Cours ...

June 2016 $ 4 495

Hispanics: Demographic And Consumer Spending Trends

June 2016 $ 3 995

Insight Report: M&a In The Global Insurance Industry

September 2016 $ 3 800

Uk Home Emergency Insurance 2016

September 2016 $ 3 450

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.