Insurance Industry Global Market Briefing 2017 I

The insurance industry comprises all establishments engaged in insurance and related activities such as underwriting (assuming the risk and assigning premiums) policies, brokerage and reinsurance. The insurance industry is categorized on the basis of the business model of the firms present in the industry.

The largest geographic markets by consumption in the insurance services sector are Europe, the Americas and Asia. Europe was the largest geographic market in the insurance market in 2016, accounting for 33% of the global market. The Europe is the largest market because of high insurance penetration rate, strong distribution network and availability of wide range of products. The Americas and Asia were the second and third largest geographic market, accounting for 32% and 30% of the global market.

Bancassurance is gaining prominence within the insurance intermediation industry. This distribution channel is being used by banks to cross-sell its products and services and generate additional revenue. Bancassurance also benefits the insurance company by providing an exposure to a wider customer base via the bank’s distribution network of agents and branches. The adoption of more diversified and enhanced products offered by banks is expected to drive the bancassurance market at a CAGR of nearly 8% to 2019 .

Insurance Market Characteristics 4
Insurance Market Historic 5
Insurance Market Forecast 6
Insurance Market Segmentation 7
Insurance Market, Split by Segments, 2016, $ Billion 7
Insurance Providers 7
Insurance Brokers & Agents 7
Reinsurance Providers 7
Global Insurance Market, Historic and Forecast, Split by Segment, 2012 – 2020 8
Insurance Market Geography Split 9
Global Insurance Markets Size, Split by Region, 2016 9
Global Insurance Market, Historic and Forecast Growth, by Region, 2012 – 2020 11
Global Insurance Market, Split by Country, 2016 12
Global Insurance Market, Historic and Forecast Growth Rate, Split By Country, 2012 – 2020 14
Insurance Market Competitors 16
AXA 17
Assicurazioni Generali 17
Ping An Insurance 18
Insurance Market Key Mergers and Acquisitions 19
Insurance Market Trends and Strategies 20
Appendix 22
Research Methodology 22
Definitions 23
Abbreviations 25
Currencies 25
Definitions 25
The Business Research Company 25
Copyright and Disclaimer 25