Global Non-Life Insurance Industry and Competition Landscape 2016-2025 with Major Company Profiles and Their Operations and Financials – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Non-Life Insurance – Market Summary, Competitive Analysis and Forecast, 2016-2025” report has been added to from ResearchAndMarkets.com offer.

The ‘Global Non-Life Insurance’ Industry Profile provides leading qualitative and quantitative summary information including: Market Share, Market Size (Value 2016-20 and Forecast to 2025). The profile also contains descriptions of major players, including key financial metrics and an analysis of competitive pressures within the market.

Highlights

  • The non-life insurance market comprises the general insurance market segmented into automobile, property, liability and other insurance. The other segment consists of non-life insurance products, including health, travel and accident coverage, among others. The value of the non-life insurance market is expressed in terms of gross premium income. Gross turnover is defined as the turnover of the insurer for the year on its policies, calculated without reduction of the reinsurance premiums paid or payable by the insurer.

  • All market data and forecasts are represented in nominal terms (i.e. without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using average exchange rates annual constants of 2020.

  • The forecast figures presented in this report are calculated from crisis scenarios for the market. The duration of the pandemic and the restrictions introduced by various countries are still difficult to predict. Many governments have introduced national lockdowns and temporarily banned the sale of products deemed “non-essential”. As the duration of the pandemic and its impact on this market are not certain, the data used in this report has been modeled taking into account the expected impacts on the national economy.

  • The global non-life insurance market had total gross written premiums of $3,405.6 billion in 2020, representing a compound annual growth rate (CAGR) of 4.8% between 2016 and 2020.

  • The automotive segment was the most lucrative in the market in 2020, with total gross written premiums of $979.0 billion, or 28.7% of the overall market value.

  • The COVID-19 pandemic, which first emerged in China in late 2019 and spread to the rest of the world in early 2020, had a significant impact on the non-life insurance market. Interest rate cuts have hampered profits for insurance companies, and there has been reduced demand for some types of insurance, such as car and travel, amid nationwide lockdown restrictions imposed by the pandemic.

Scope

  • Save time conducting entry-level research by identifying the size, growth, major segments and key players in the global Non-Life Insurance Market

  • Use Five Forces Analysis to Determine the Competitive Intensity and Hence the Attractiveness of the Global Non-Life Insurance Market

  • Key Company Profiles Reveal Details of Global Operations and Financial Performance of Leading Non-Life Insurance Market Players

  • Empower presentations and presentations by understanding the future growth prospects of the Global Non-Life Insurance Market with a five-year forecast

Reasons to buy

  • What was the size of the global non-life insurance market by value in 2020?

  • What will be the size of the global non-life insurance market in 2025?

  • What factors are affecting the strength of competition in the global non-life insurance market?

  • How has the market behaved over the past five years?

  • Who are the main competitors in the global non-life insurance market?

Company Profiles

  • People’s Insurance Company (Group) of China Ltd

  • State Farm Mutual Automobile Insurance Co

  • Allianz SE

  • MS&AD Insurance Group Holdings, Inc.

  • Zurich Insurance Group Ltd

  • Covea Mutual Insurance Group Co

  • Groupama Assurances Mutuelles

  • R+V Versicherung AG

  • Talanx S.A.

  • UnipolSai Assicurazioni SpA

  • Assicurazioni Generali SpA

  • Tokio Marine Holdings Inc.

  • Sompo Holdings Inc.

  • Insurance Australia Group Ltd

  • Suncorp Group Ltd.

  • QBE Insurance Group Limited

  • Intact Financial Corporation

  • Desjardins Group

  • The Co-Operators Group Ltd.

  • Ping An Insurance Company (Group) of China, Ltd.

  • China Pacific Insurance (Group) Co Ltd

  • China Life Insurance Co Ltd

  • Achmea BV

  • ASR Nederland SA

  • Nationale-Nederlanden Levensverzekering Maatschappij NV

  • NN Group SA

  • Mapfre SA

  • AXA S.A.

  • Aviva SA

  • RSA Insurance Group Ltd.

  • Direct Line Insurance Group Plc

  • Berkshire Hathaway Inc.

  • Liberty Mutual Insurance Co

  • The progressive society

For more information on this report, visit https://www.researchandmarkets.com/r/20vfsw

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