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

Insurance Market Reserch: Latest Industry Analysis, Statistics and Trends

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
22 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 Insurance 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 Insurance 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 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

+44 20 8816 8032

1-10 of about 27000 reports

Global Cargo Insurance Industry

  • February 2017
    7 pages
  • Cargo Insurance  

  • United States  

View report >

Insurance Industry in the US

  • February 2017
    19 pages
  • Insurance  

  • United States  

View report >

Credit Insurance Industry in the Netherlands and Europe

  • February 2017
    214 pages
  • Credit Insuranc...  

    Bank Lending  

  • Netherlands  


View report >

Insurance Industry in Asia and China - Forecast

  • January 2017
    16 pages
  • Insurance  

  • Asia  



View report >

Insurance Statistics in Japan

  • February 2017
    41 pages
  • Insurance  

    General Insuran...  

  • Japan  

View report >

Insurance Industry in France

  • January 2017
    17 pages
  • Insurance  

  • France  

View report >

Life Insurance Industry in Germany

  • November 2016
    15 pages
  • Life Insurance  

  • Germany  


    United States  

View report >

Insurance Industry in Italy

  • October 2016
    7 pages
  • Insurance  

  • Italy  


View report >

Insurance Industry in the US and the UK

  • February 2017
    24 pages
  • Insurance  

  • United States  

    United Kingdom  


View report >

Insurance Industry in Canada

  • February 2017
    56 pages
  • Insurance  

  • Canada  

View report >

About 6500 reports

Purchase Reports From Reputable Market Research Publishers
(From € 79 - € 5045)

IoT Insurance Market by Type, Application, and Geography - Global Forecast to 2022

IoT Insurance Market by Type, Application, and Geography - Global Forecast to 2022

  • € 5045
  • Industry report
  • January 2017
  • by MarketsandMarkets

“IoT insurance market to grow at a CAGR of 65.89% between 2016 and 2022” The global IoT insurance market is estimated to be worth USD 42.76 billion by 2022, growing at a CAGR of 65.89% between 2016 ...

Service Assurance For Nfv/sdn: New Requirements Will Le ...

January 2017 € 4545

Logistics Insurance Market Analysis By Industry (transp ...

November 2016 € 4500

Perspective: Technology Bombards And Trump Cards -- Wha ...

December 2016 € 3600

The Emergence Of Alternative Capital In Reinsurance

February 2017 € 3455

Maximizing Direct-to-consumer Opportunities In Insuranc ...

December 2016 € 3455

Global Automotive Usage-based Insurance Market 2017-202 ...

January 2017 € 3398

Targeting The Over-50s With General Insurance

January 2017 € 3136

Non-life Insurance Global Industry Almanac 2016

January 2017 € 2723

Life Insurance Global Industry Almanac 2016

January 2017 € 2723

Reportlinker.com © Copyright 2017. All rights reserved.

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