Summary
Global Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.
- The global non-life insurance market had total gross written premiums of $2,149.7bn in 2017, representing a compound annual growth rate (CAGR) of 4.8% between 2013 and 2017.
- The motor segment was the market's most lucrative in 2017, with total gross written premiums of $851.2bn, equivalent to 39.6% of the market's overall value.
- The rapid emergence of Asia-Pacific markets, particularly China, has largely contributed to the growth of the global market. This contribution becomes more apparent from the fact that developed markets such as those in Europe or the US have steadily fallen below the global average due to saturation and high penetration rates of non-life insurance.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the globalnon-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 2017?
- What will be the size of the Global non-life insurance market in 2022?
- 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 competitiors in the global's non-life insurance market?
'
Table of Contents
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 16
Supplier power 18
New entrants 20
Threat of substitutes 22
Degree of rivalry 23
Leading Companies 25
State Farm Mutual Automobile Insurance Company 25
Allianz Group 28
AXA SA 31
The People's Insurance Company (Group) of China Limited 36
Methodology 40
Industry associations 41
Related MarketLine research 41
Appendix 42
About MarketLine 42
List of Tables
Table 1: Global non-life insurance market value: $ billion, 2013–17
Table 2: Global non–life insurance market category segmentation: $ billion, 2017
Table 3: Global non–life insurance market geography segmentation: $ billion, 2017
Table 4: Global non-life insurance market share: % share, by value, 2017
Table 5: Global non-life insurance market value forecast: $ billion, 2017–22
Table 6: State Farm Mutual Automobile Insurance Company: key facts
Table 7: State Farm Mutual Automobile Insurance Company: key financials ($)
Table 8: State Farm Mutual Automobile Insurance Company: key financial ratios
Table 9: Allianz Group: key facts
Table 10: Allianz Group: key financials ($)
Table 11: Allianz Group: key financials (€)
Table 12: Allianz Group: key financial ratios
Table 13: AXA SA: key facts
Table 14: AXA SA: key financials ($)
Table 15: AXA SA: key financials (€)
Table 16: AXA SA: key financial ratios
Table 17: The People's Insurance Company (Group) of China Limited: key facts
Table 18: The People's Insurance Company (Group) of China Limited: key financials ($)
Table 19: The People's Insurance Company (Group) of China Limited: key financials (CNY)
Table 20: The People's Insurance Company (Group) of China Limited: key financial ratios
List of Figures
Figure 1: Global non-life insurance market value: $ billion, 2013–17
Figure 2: Global non–life insurance market category segmentation: % share, by value, 2017
Figure 3: Global non–life insurance market geography segmentation: % share, by value, 2017
Figure 4: Global non-life insurance market share: % share, by value, 2017
Figure 5: Global non-life insurance market value forecast: $ billion, 2017–22
Figure 6: Forces driving competition in the global non-life insurance market, 2017
Figure 7: Drivers of buyer power in the global non-life insurance market, 2017
Figure 8: Drivers of supplier power in the global non-life insurance market, 2017
Figure 9: Factors influencing the likelihood of new entrants in the global non-life insurance market, 2017
Figure 10: Factors influencing the threat of substitutes in the global non-life insurance market, 2017
Figure 11: Drivers of degree of rivalry in the global non-life insurance market, 2017
Figure 12: State Farm Mutual Automobile Insurance Company: revenues & profitability
Figure 13: State Farm Mutual Automobile Insurance Company: assets & liabilities
Figure 14: Allianz Group: revenues & profitability
Figure 15: Allianz Group: assets & liabilities
Figure 16: AXA SA: revenues & profitability
Figure 17: AXA SA: assets & liabilities
Figure 18: The People's Insurance Company (Group) of China Limited: revenues & profitability
Figure 19: The People's Insurance Company (Group) of China Limited: assets & liabilities
