Summary

Global Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The market value is measured in terms of gross written premiums generated by mortality protection and retirement savings plans. Mortality protection plans provide coverage in the event of death, while retirement savings plans help individuals save for their future.
- The market is segmented into life insurance and pension/annuity. Life insurance is a contr...

Summary

The G8 Life Insurance & Pension industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- The G8 countries contributed $1,690.5 billion in 2023 to the global life insurance & pension industry, with a compound annual growth rate (CAGR) of 1.2% between 2019 and 2023. The G8 countries are expected to reach a value of $2,228.7 billion in 2028, with a CAGR of 5.7% over the 2023-28 period.
- Among the G8 nations, the US is the leading country in the life insurance & pension industry, with market revenues of $714.9 billion in 2023. This was followed by Japan and the UK, with a value of $286.2 and $236.9 billion, respectively.
- The US is expected to lead the life insurance & pension industry in the G8 nations with a value of $1,041.4 billion in 2016, followed by Japan and the UK with exp...

Summary

The Emerging 5 Life Insurance & pension industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- These countries contributed $590.1 billion to the global life insurance & pension industry in 2023, with a compound annual growth rate (CAGR) of 4% between 2007 and 2011. The top 5 emerging countries are expected to reach a value of $775.1 billion in 2028, with a CAGR of 5.6% over the 2023-28 period.
- Within the life insurance & pension industry, China is the leading country among the top 5 emerging nations, with market revenues of $390.3 billion in 2023. This was followed by India and Brazil with a value of $100.4 and $44.8 billion, respectively.
- China is expected to lead the life insurance & pension industry in the top five emerging nations, with a value of $515.8 billion in 2028...

Summary

The BRIC Life Insurance & pension industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- Brazil, Russian Federation, India and China (BRIC) are the emerging and fast growing countries within the life insurance & pension industry and had a total market value of $543.7 billion in 2023. Russia was the fastest growing country with a CAGR of 6.8% over the 2019-23 period.
- Within the life insurance & pension industry, China is the leading country among the BRIC nations with market revenues of $390.3 billion in 2023. This was followed by India, Brazil and Russia with a value of $100.4, $44.8, and $8.2 billion, respectively.
- China is expected to lead the life insurance & pension industry in the BRIC nations with a value of $515.8 billion in 2028, followed by India, Brazil, Russia wi...

Summary

The NAFTA Life Insurance & pension industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The life insurance & pension industry within the NAFTA countries had a total market value of $805.0 billion in 2023.The Mexico was the fastest growing country, with a CAGR of 8.9% over the 2019-23 period.
- Within the life insurance & pension industry, the US is the leading country among the NAFTA bloc, with market revenues of $714.9 billion in 2023. This was followed by Canada and Mexico, with a value of $70.3 and $19.8 billion, respectively.
- The US is expected to lead the life insurance & pension industry in the NAFTA bloc, with a value of $1,041.4 bil...

Summary

Global Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The market value is measured in terms of gross written premiums generated by mortality protection and retirement savings plans. Mortality protection plans provide coverage in the event of death, while retirement savings plans help individuals save for their future.
- The market is segmented into life insurance and pension/annuity. Life insurance is a contr...

Summary

Life Insurance & Pension in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The UK life insurance & pension market recorded gross written premiums of $236.9 billion in 2023, representing a negative compound annual growth rate (CAGR) of 2.9% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $1...

Summary

Life Insurance & Pension in Israel industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Israeli life insurance & pension market recorded gross written premiums of $10.7 billion in 2023, representing a compound annual growth rate (CAGR) of 1.4% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $8.2 billion, equivalent to 76.1%...

Summary

Life Insurance & Pension in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Saudi Arabian life insurance & pension market recorded gross written premiums of $0.7 billion in 2023, representing a compound annual growth rate (CAGR) of 18.4% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $0.6 billion, equival...

Summary

Life Insurance & Pension in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Turkish life insurance & pension market recorded gross written premiums of $2.3 billion in 2023, representing a compound annual growth rate (CAGR) of 10.2% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $2.3 billion, equivalent to 99.8% of the mar...

Summary

Life Insurance & Pension in United Arab Emirates industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Emirati life insurance & pension market recorded gross written premiums of $1.8 billion in 2023, representing a negative compound annual growth rate (CAGR) of 6.8% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums ...

Summary

Global Life Insurance & Pension industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The global life insurance & pension market recorded gross written premiums of $2,855.8 billion in 2023, representing a compound annual growth rate (CAGR) of 0.3% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $1,854.8 billion, equivalent to 64...

Summary

Life Insurance & Pension in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Asia-Pacific life insurance & pension market recorded gross written premiums of $1,073.4 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.4% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $943.4 billion, equiv...

Summary

Life Insurance & Pension in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The European life insurance & pension market recorded gross written premiums of $865.8 billion in 2023, representing a negative compound annual growth rate (CAGR) of 1.7% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $599.3 billion, equiva...

Summary

Life Insurance & Pension in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The North American life insurance & pension market recorded gross written premiums of $805.0 billion in 2023, representing a compound annual growth rate (CAGR) of 3.6% between 2018 and 2023.
- The pension/annuity segment accounted for the market's largest proportion in 2023, with total gross written premiums of $576.3 billion, equivalent t...

Summary

Life Insurance & Pension in South America industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The South American life insurance & pension market recorded gross written premiums of $61.9 billion in 2023, representing a compound annual growth rate (CAGR) of 3.0% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $44.7 billion, equi...

Summary

Life Insurance & Pension in Middle East industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Middle Eastern life insurance & pension market recorded gross written premiums of $14.3 billion in 2023, representing a compound annual growth rate (CAGR) of 1.1% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $11.4 b...

Summary

Life Insurance & Pension in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The New Zealand life insurance & pension market recorded gross written premiums of $1.1 billion in 2023, representing a negative compound annual growth rate (CAGR) of 9.9% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $0.7 billion, eq...

Summary

Life Insurance & Pension in the Czech Republic industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Czech life insurance & pension market recorded gross written premiums of $2.6 billion in 2023, representing a compound annual growth rate (CAGR) of 0.04% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $2.3 billion, equivalent to 89.9% ...

Summary

Life Insurance & Pension in Poland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Polish life insurance & pension market recorded gross written premiums of $3.5 billion in 2023, representing a negative compound annual growth rate (CAGR) of 4.5% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $2.8 billion, equivalent to 81.6% of ...

Summary

Life Insurance & Pension in Russia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Russian life insurance & pension market recorded gross written premiums of $8.2 billion in 2023, representing a compound annual growth rate (CAGR) of 2.6% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $8.2 billion, equiva...

Summary

Life Insurance & Pension in Austria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Austrian life insurance & pension market recorded gross written premiums of $5.6 billion in 2023, representing a negative compound annual growth rate (CAGR) of 3.4% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $4.6 billion, equivalent to 83.4% ...

Summary

Life Insurance & Pension in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Belgian life insurance & pension market recorded gross written premiums of $18.4 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.03% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $12.8 billion, equival...

Summary

Life Insurance & Pension in Denmark industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Danish life insurance & pension market recorded gross written premiums of $33 billion in 2023, representing a compound annual growth rate (CAGR) of 3.8% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $28.5 billion, equivalent to 86.3% of the mark...

Summary

Life Insurance & Pension in Finland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, 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

- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Finnish life insurance & pension market recorded gross written premiums of $24.3 billion in 2023, representing a compound annual growth rate (CAGR) of 1.5% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $23.6 billion, equivalent to 97.3% of the m...