Key Market Indicators
Taiwanese life insurance gross written premium is set to reach $93 billion by 2026. It was $86 billion in 2021 – a 1% year-on-year growth rate since 2015. Germany overtook Taiwan in 2021, with $86 billion in premium. Japan, China and the UK came in second, third and fourth, respectively.
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Life Insurance: Unveiling Global Trends in Market Size, Competition, Distribution, and Opportunities
Globally, the life insurance market has been expanding slowly yet steadily, driven notably by growing middle-class populations in the emerging economies, enhancements in financial literacy, and rising disposable incomes. Such trends are encouraging an increasing number of individuals to invest in life insurance policies as a safe and productive financial...
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Disability Insurance: Exploring Trends, Opportunities and Forecasted Developments
The disability insurance market has demonstrated robust growth due to increased awareness around income protection, triggered by increasing incidence of disabilities. Furthermore, the market benefits directly from population aging, a global phenomenon, as older people are typically at higher risk of disabilities. Despite these positive drivers, certain challenges such as...
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Life Insurance: Comprehensive Analysis, Forecast, and Competitive Dynamics Review
From a broad perspective, the current state of the life insurance market is marked by an escalating demand, mostly credited to increasing consumer awareness of financial risk and security. This trend is being fueled by widespread digitization, enabling insurers to reach a broader audience. The market, however, also witnesses challenges...
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Non-Life Insurance: Unveiling Market Dynamics, Competitor Strategies and Growth Forecasts
The global non-life insurance sector is primarily driven by factors such as regulatory developments, technological advancements, and economic growth. Regulatory measures, such as solvency compliance and market conduct, compel adherence to prudent operational and financial practices, thereby influencing market dynamics. Furthermore, the increasing integration of technology, particularly the use of...
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Critical Illness Insurance: Unraveling Market Trends and Forecast Opportunities
The Critical Illness Insurance sector is rapidly evolving due to a host of factors. A growing aging population, coupled with an increase in the incidence of critical illnesses such as stroke, cancer, and heart disease, has amplified demand for these specialized insurance products. Additionally, innovations such as technology-driven risk assessment...
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