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
35 votes

Global Insurance Industry

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 (one of the most profitable financial services), 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 insurance market and health insurance market reached almost $4.5 billion in 2015, reports MarketLine. The market grew at a yearly rate of close to 4.4% between 2011 and 2015. Life insurance represented the leading market segment in 2015 at almost $2.5 billion, or about 55% of the overall market. The US market is the single largest insurance market in the world with 30% of all premiums.

The world motor insurance industry expanded by almost 4.8% from 2012 to 2016 and is worth over $866 billion, reports MarketLine. Personal insurance represents almost 67% of the overall market and is worth almost $580 billion.

The world reinsurance industry contracted at a rate of -0.2% from 2011 to 2015 and was worth over $159 billion in 2015, reports MarketLine. Non-life reinsurance was the leading market segment and made up 66.5% of this market. This segment was worth almost $106 billion in 2015.

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. The property reinsurance sector in India was worth $0.68 billion in 2013 and is projected to reach about $2.12 billion in 2025 according to Statista.

Read more »

You might be interested in these related markets:

Customer Support

Talk to Sam

+852 5808 2421

1400 Reports
Company Financials, Company, Market Size
13000 Statistics
Finance, Company Financials, Company
13000 Reports
Company Financials, Company, Risk Assessment
53000 Statistics
Finance, Company Financials, Company
410 Reports
Company Financials, Market Size, Economy
5700 Statistics
Finance, Company Financials, Company
620 Reports
Company Financials, Company, Market Size
7100 Statistics
Finance, Company Financials, Company
3000 Reports
Company Financials, Demand, Company
13000 Statistics
Finance, Company Financials, Company
570 Reports
Market Size, Company Financials, Demand
7200 Statistics
Finance, Company Financials, Company
920 Reports
Company Financials, Company, Demand
6200 Statistics
Finance, Company Financials, Company
1200 Reports
Company Financials, Company, Demand
8800 Statistics
Finance, Company Financials, Company
150 Reports
Company Financials, Demand, Market Size
3000 Statistics
Finance, Company Financials, Market Size
480 Reports
Company Financials, Company, Economy
5000 Statistics
Finance, Company Financials, Company
Search in Insurance Industry (About 36000 reports)
Parent industry: Financial Services
Related industries: Banking, Real Estate, Fintech

About 6700 reports

Purchase Reports From Reputable Market Research Publishers

Financial Services Global Market Report 2019

Financial Services Global Market Report 2019

  • $ 8000
  • Industry report
  • Dec 2018

Financial Services Market Global Report 2019 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global financial ...

UK SME Adoption of Employee Benefits 2017 $ 7500 September 2017

MediPoint: Static Compression Therapy - Global Analysis ... $ 6495 November 2017

Insurance(Providers, Brokers and Re-Insurers) Global Ma ... $ 6000 Dec 2018

Insurance Analytics Market: Global Forecast until 2023 $ 5650 May 2018

Usage-based Insurance Market: Global Forecast until 202 ... $ 5650 September 2018

Blockchain In Insurance Market: Global Forecast until 2 ... $ 5650 July 2018

Digital Insurance Platform Market: Global Forecast unti ... $ 5650 June 2018

Health and Medical Insurance Providers: Global Markets ... $ 5500 December 2017

Customer Engagement with Financial Advice $ 5250 May 2018


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

Make sure you don’t miss any news and follow us on