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

Find your way through the top insurance industry studies

  • 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 8 100 reports

Global Insurance Industry

  • November 2015
    7 pages
  • Insurance  

  • World  


View report >

Crop Insurance Statistics in the US

  • January 2016
    5 pages
  • Crop Insurance  

  • United States  

View report >

Health Insurance Industry in Europe

  • December 2015
    7 pages
  • Health Insuranc  

  • Europe  


View report >

Insurance Industry in Asia and Singapore Forecast

  • November 2015
    6 pages
  • Insurance  


  • Asia  



View report >

Insurance Markets in Japan

  • June 2015
    9 pages
  • Insurance  

  • Japan  

View report >

Insurance Industry in Europe and France

  • January 2015
    58 pages
  • Insurance  

  • Europe  


View report >

Insurance Industry in Germany

  • October 2015
    8 pages
  • Insurance  

    General Insuran  

  • Germany  


View report >

Insurance Industry in Italy Forecast

  • November 2015
    18 pages
  • Insurance  

  • Italy  


View report >

Public Health Insurance Market Analysis in the UK

  • December 2015
    13 pages
  • Public Health I  

  • United Kingdom  


View report >

Insurance Industry in Canada Forecast

  • November 2015
    15 pages
  • Insurance  

  • Canada  

View report >

About 7 900 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 5 241)

Trade Credit Insurance in Europe

Trade Credit Insurance in Europe

  • $ 5 996
  • Industry report
  • December 2015
  • by Finaccord

Trade Credit Insurance in Europe is a report about the market for trade credit cover in ten countries: Austria; Belgium; France; Germany; Italy; the Netherlands; Poland; Spain; Switzerland; and the UK. ...

Leveraging A Reconstituted Service Assurance Market 

December 2015 $ 5 000

Customer Experience Management Study—australia’s Pr ...

December 2015 $ 4 900

Operation & Business Support System Market By Oss Solut ...

January 2016 $ 4 650

Insurance Telematics Market By Deployment Type, End Use ...

December 2015 $ 4 650

 health Insurance Information Technology: Us Overview ...

November 2015 $ 4 500

Uk Insurance Profile: Tesco

February 2016 $ 4 026

Insight Report: Insuring Against Natural And Man-made C ...

December 2015 $ 3 800

Miscellaneous Direct Insurance Carriers World Report

February 2016 $ 3 047

Direct Insurance Carriers Miscellaneous Lines World Rep ...

February 2016 $ 3 047

Reportlinker.com © Copyright 2016. All rights reserved.

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