Dublin, Jan. 17, 2025 (GLOBE NEWSWIRE) -- The "Non-Life Insurance Global Industry Almanac 2019-2028" report has been added to ResearchAndMarkets.com's offering.
The global non-life insurance market recorded written premiums of $3.60 trillion in 2023, representing a compound annual growth rate (CAGR) of 6.3% between 2018 and 2023.
Global Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The motor segment accounted for the market's largest proportion in 2023, with total written premiums of $863.3 billion, equivalent to 24.0% of the market's overall value.
- The global non-life insurance market is experiencing significant growth, driven by rising awareness of the importance of insurance in safeguarding assets and mitigating financial risks. This heightened awareness has led to an increase in the number of active non-life insurance policies. According to the Australian Prudential Regulation Authority, in 2023, the number of active non-life insurance policies in Australia reached 101.1 million, an increase of 8.6% from the previous year.
- Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
- Non-life insurance is segmented into motor, property, liability, and others. Motor insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage. Property insurance is a policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft. Property insurance can include homeowners' insurance, renters' insurance, flood insurance, and earthquake insurance. If a claim is filed, the property insurance policy will either reimburse the policyholder for the actual value of the damage or the replacement cost to remedy the damage. Liability insurance is any type of insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice, injury, or negligence. The scope of others includes financial lines, health, marine, aviation and transit, and miscellaneous.
- All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global non-life insurance market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global non-life insurance market
- Leading company profiles reveal details of key non-life insurance market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global non-life insurance market with five year forecasts
Reasons to Buy
- What was the size of the global non-life insurance market by value in 2023?
- What will be the size of the global non-life insurance market in 2028?
- What factors are affecting the strength of competition in the global non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in the global non-life insurance market?
Key Topics Covered:
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Competitive landscape
2 Introduction
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3 Global Non-Life Insurance
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
A selection of companies mentioned in this report includes, but is not limited to:
- AAI Limited
- Achmea BV
- Admiral Group Plc
- AIG Asia Pacific Insurance Pte. Ltd.
- AlfaStrakhovanie Group
- Allianz Australia Insurance Ltd
- Allianz SE
- Allstate Insurance Company
- Alm Brand AS
- Anadolu Anonim Turk Sigorta Sirketi
- ASR Nederland NV
- Assicurazioni Generali SpA
- Aviva Insurance Company of Canada
- Aviva Plc
- AXA SA
- AXA Seguros SA de CV
- Berkshire Hathaway Inc
- Bradesco Seguros SA
- China Pacific Insurance (Group) Co Ltd
- Chubb Insurance Singapore Ltd
- Codan Forsikring AS
- Co-operators General Insurance Co
- Covea Mutual Insurance Group Co
- Direct Line Insurance Group Plc
- DNB Bank ASA
- Fennia Group
- Folksam
- Gjensidige Forsikring ASA
- Groupama Assurances Mutuelles
- Grupo Mutua Madrilena
- Grupo Nacional Provincial SAB
- Guardrisk Insurance Company Ltd
- Hollard Insurance Group
- Huatai Insurance Group Co Ltd
- Hyundai Marine & Fire Insurance Co Ltd
- ICICI Lombard General Insurance Co Ltd
- If P&C Insurance Holding Ltd
- If Skadeforsakring AB
- If Skadeforsikring NUF
- Ingosstrakh Joint-Stock Insurance Co Ltd
- Insurance Australia Group Ltd
- Intact Insurance Co
- KB Financial Group Inc
- Lansforsakringar AB
- Lloyd's Underwriters
- Mapfre SA
- Meritz Fire & Marine Insurance Co Ltd
- MetLife Mexico SA
- MS&AD Insurance Group Holdings, Inc.
- NN Group NV
- NTUC Income Insurance Co-operative Limited
- OP Corporate Bank Plc
- OUTsurance Insurance Company Ltd
- Ping An Insurance (Group) Company of China Ltd
- Porto Seguro SA
- PT Asuransi Central Asia
- PT Asuransi Multi Artha Guna Tbk
- PT Asuransi Ramayana Tbk
- PT Zurich Asuransi Indonesia Tbk
- QBE Insurance Group Ltd
- Qualitas Controladora SAB de CV
- R+V Versicherung AG
- RESO-Garantiya
- Samsung Fire & Marine Insurance Co Ltd
- Santam Ltd
- SOGAZ Insurance Group
- Sompo Holdings, Inc.
- State Farm Mutual Automobile Insurance Co
- Talanx AG
- Tapiola General Mutual Insurance Company
- The Cigna Group
- The New India Assurance Co Ltd
- The Oriental Insurance Company Ltd.
- The People's Insurance Company (Group) of China Ltd
- The Progressive Corp
- Tokio Marine Holdings Inc
- Topdanmark AS
- Tryg A/S
- Tryg Forsikring A/S
- Trygg-Hansa Forsskrings AB
- Turkiye Sigorta AS
- UnipolSai Assicurazioni SpA
- United India Insurance Co Ltd
For more information about this report visit https://www.researchandmarkets.com/r/5reprv
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