New JerseyNJ–(SBWIRE)– 09/21/2022 — A new intelligence report released by HTF MI with the title “Term Life Insurance Market Research and Outlookis designed to cover the micro level of analysis by insurers and major business segments, offerings and sales channels. term life insurance offers energetic visions to determine the market size, opportunities, growth pattern, and competitive environment. The research is derived from primary and secondary data and includes qualitative and quantitative details. Some of the key players profiled in the study are Allianz, AXAGenerali, Ping An Insurance, Life insurance in China, PLC Prudential, Munich Re, Zurich Insurance, Japanese life insurance, Japan Post Holdings, Berkshire Hathaway, Metlife, Manulife FinancialCPIC, Chubb, AIG, Aviva, Allstate, Swiss RE, Prudential FinancialTravelers, AIA, Aflac & Legal and general.
The global term life insurance market reached a value of almost $778.8 billion in 2019, after growing at a compound annual growth rate (CAGR) of 6.87% since 2015, and is expected to grow at a CAGR of 9.67% to reach nearly $1,126.6 billion by 2023. Additionally, the market is expected to grow to reach $1,353.0 billion in 2025 at a CAGR of 9.59% and $2,217.9 billion in 2030 at a CAGR of 10.39%.
What keeps Allianz, AXAGenerali, Ping An Insurance, Life insurance in China, PLC Prudential, Munich Re, Zurich Insurance, Japanese life insurance, Japan Post Holdings, Berkshire Hathaway, Metlife, Manulife FinancialCPIC, Chubb, AIG, Aviva, Allstate, Swiss RE, Prudential Financial, Travelers, AIA, Aflac & Legal and General ahead of the market? Compare yourself with strategic moves and findings recently released by HTF MI
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market overview Term life insurance
If you are involved in the Term life insurance your sector of activity or your objective, this study is essential to keep your knowledge of the market up to date. The market is segmented by applications [Agency, Brokers, Bancassurance & Digital and Direct Channels]Types / Coverage [Renewable Term Life Insurance & Return Premium Term life insurance] and major players. To deepen the market, geographically more than 22 jurisdictions or countries have been summarized in the study of Asia PacificMEA, South America, Europe and North America.
Geographically, the global version of the report includes the following countries:
– North America [United States, Canada and Mexico]– Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Denmark, Spain, Sweden, and Rest of Europe]– Asia Pacific [China, Japan, South Korea, India, Australia, Indonesia and Others]– South America [Brazil, Argentina, Colombia and Rest of South America]– Middle East and Africa (South Africa, Turkey, IsraelGCC countries and rest of Africa)
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This study mainly helps to understand which market segments or countries; Insurance companies, aggregators should concentrate in the coming years to channel their efforts and investments in Term life insurance to maximize growth and profitability. Growth in 2020 is significantly slower and markets mature North America and Western Europe requires considerable effort to address these trends due to the dynamic macroeconomic and regulatory environment.
Distribution channels in the insurance industry are still of great importance, reflecting the “push” nature of Term life insurance offer in the industry. The distribution model has continued to evolve as insurers attempt to better connect with their customers. Over the years, the Term life insurance the industry has seen a clear predominance of face-to-face selling (agents and brokers). However, with increasing internet penetration and customers preferring convenience, digital selling mode is becoming more and more popular in Term life insurance.
In addition, the years considered for the study are as follows:
Historic year – 2016-2020
Reference year – 2020
Forecast Period – 2021 to 2026
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Main highlights of the table of contents:
Chapter One: Term Life Insurance Market Industry Overview
1.1 Term life insurance industry
1.1.2 Large Company Products
1.2 Term Life Insurance Market Segment
1.2.1 Industrial Chain
1.2.2 Consumer behavior and distribution channels
Chapter Two: Term Life Insurance Market Demand
2.1 Overview of segments
Agency, Brokers, Bancassurance & Digital and Direct Channels
2.2 Term Life Insurance Market Size by Application/End Users (2016-2020)
2.3 Term Life Insurance Market Forecast by Application/End Users (2021-2026)
Chapter Three: Term Life Insurance Market by Type
3.1 By type, Renewable Term Life Insurance and Term Return Bonus life insurance
3.2 Term Life Insurance Market Size by Type (2016-2020)
3.3 Term Life Insurance Market Forecast by Type (2021-2026)
Chapter Four: Term Life Insurance Market: By Region/Country
4.1 Term Life Insurance Market by Regions
4.2 Term Life Insurance Revenue and Market Share by Regions
4.3 North America
4.5 Asia Pacific
4.6 South America
4.7 Middle East & Africa
Chapter Five: Player Analysis
5.1 Market Share Analysis by Players (2019-2021E)
5.2 Market Concentration Rate by Regions
5.3 Company Profiles
Browse Executive Summary & Full TOC @ https://www.htfmarketreport.com/reports/3841716-term-life-insurance-market-1
Thank you for reading the term life insurance industry research publication; you can also get individual chapter wise section or region wise report version like UNITED STATES, China, South East AsiaLATAM, APAC etc
About the Author:
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