Term Insurance Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Term Insurance Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

  • Transparency Market Research
  • July 2020
  • Consumer Goods
  • 93 pages

Report Description

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Term Insurance Market – Scope of the Report

A new study on the global term insurance market has been published by Transparency Market Research (TMR). It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global term insurance market. TMR’s study offers valuable information about the global term insurance market to illustrate how the market would grow during the forecast period 2020 - 2030.

Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR) have elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global term insurance market during the forecast period.

An extensive analysis on business strategies of leading market players has also been featured in the TMR’s study on the global term insurance market. This can help readers understand principal factors to foresee growth in the global term insurance market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global term insurance market, which is expected to guide market players in making apt decisions in the future.

Key Questions Answered in TMR’s Study on Term Insurance Market

  • What are the key factors influencing the term insurance market in each region?
  • What will be the CAGR of the global term insurance market between 2018 and 2030?
  • What is the future scope and changing trends in technologies in the global term insurance market?
  • Which factors will impede the growth of the global term insurance market during the forecast period?
  • Which are the leading companies in the global term insurance market?

Research Methodology – Term Insurance Market

A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global term insurance market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global term insurance market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, products portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the term insurance market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from term insurance industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global term insurance market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global term insurance market more reliable and accurate.

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Section 1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights

Section 2. Assumptions

Section 3. Research Methodology

Section 4. Executive Summary

Section 5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.3. Industry SWOT Analysis
5.4. Porter’s Five Forces Analysis
5.5. Ecosystem Analysis
5.6. COVID-19 Impact Analysis – Regional Level
5.7. Consumer Buying Behavior
5.8. Key Trends Analysis 
5.8.1. Demand Side Analysis
5.8.2. Supply Side Analysis
5.9. Key Market Indicators
5.9.1. Overview on Population of Major Countries
5.9.2. Overview on Age Demographics of Major Countries
5.10. Global Term Insurance Market Analysis and Forecast, 2018 - 2030
5.10.1. Market Revenue Projections (US$ Bn)

Section 6. Global Term Insurance Market Analysis and Forecast, By Type 
6.1. Global Term Insurance Market Size (US$ Bn) Forecast, By Type, 2018-2030
6.1.1. Level Term Policy
6.1.2. Renewable or Convertible
6.1.3. Annual Renewable Term
6.1.4. Mortgage Life Insurance
6.2. Incremental Opportunity, By Type 

Section 7. Global Term Insurance Market Analysis and Forecast, By Buying Channel 
7.1. Global Term Insurance Market Size (US$ Bn) Forecast, By Buying Channel, 2018-2030
7.1.1. Direct Channel
7.1.1.1. Direct E-mail
7.1.1.2. Call Center
7.1.1.3. Online Company Websites
7.1.2. Indirect Channel
7.1.2.1. Agency
7.1.2.2. Brokers
7.1.2.3. Online Aggregators
7.2. Incremental Opportunity, By Buying Channel 

Section 8. Global Term Insurance Market Analysis and Forecast, By Region
8.1. Term Insurance Market Size (US$ Bn) Forecast, By Region, 2018-2030
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
8.2. Incremental Opportunity, By Region

Section 9. North America Term Insurance Market Analysis and Forecast
9.1. Regional Snapshot
9.2. Term Insurance Market Size (US$ Bn) Forecast, By Type, 2018-2030
9.2.1. Level Term Policy
9.2.2. Renewable or Convertible
9.2.3. Annual Renewable Term
9.2.4. Mortgage Life Insurance
9.3. Term Insurance Market Size (US$ Bn) Forecast, By Buying Channel, 2018-2030
9.3.1. Direct Channel
9.3.1.1. Direct E-mail
9.3.1.2. Call Center
9.3.1.3. Online Company Websites
9.3.2. Indirect Channel
9.3.2.1. Agency
9.3.2.2. Brokers
9.3.2.3. Online Aggregators
9.4. Term Insurance Market Size (US$ Bn) Forecast, By Country & Sub-region, 2018-2030
9.4.1. U.S.
9.4.2. Canada
9.4.3. Rest of North America
9.5. Incremental Opportunity Analysis

Section 10. Europe Term Insurance Market Analysis and Forecast
10.1. Regional Snapshot
10.2. Term Insurance Market Size (US$ Bn) Forecast, By Type, 2018-2030
10.2.1. Level Term Policy
10.2.2. Renewable or Convertible
10.2.3. Annual Renewable Term
10.2.4. Mortgage Life Insurance
10.3. Term Insurance Market Size (US$ Bn) Forecast, By Buying Channel, 2018-2030
10.3.1. Direct Channel
10.3.1.1. Direct E-mail
10.3.1.2. Call Center
10.3.1.3. Online Company Websites
10.3.2. Indirect Channel
10.3.2.1. Agency
10.3.2.2. Brokers
10.3.2.3. Online Aggregators
10.4. Term Insurance Market Size (US$ Bn) Forecast, By Country & Sub-region, 2018-2030
10.4.1. U.K.
10.4.2. Germany
10.4.3. France
10.4.4. Rest of Europe
10.5. Incremental Opportunity Analysis

Section 11. Asia Pacific Term Insurance Market Analysis and Forecast
11.1. Regional Snapshot
11.2. Term Insurance Market Size (US$ Bn) Forecast, By Type, 2018-2030
11.2.1. Level Term Policy
11.2.2. Renewable or Convertible
11.2.3. Annual Renewable Term
11.2.4. Mortgage Life Insurance
11.3. Term Insurance Market Size (US$ Bn) Forecast, By Buying Channel, 2018-2030
11.3.1. Direct Channel
11.3.1.1. Direct E-mail
11.3.1.2. Call Center
11.3.1.3. Online Company Websites
11.3.2. Indirect Channel
11.3.2.1. Agency
11.3.2.2. Brokers
11.3.2.3. Online Aggregators
11.4. Term Insurance Market Size (US$ Bn) Forecast, By Country & Sub-region, 2018-2030
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. Rest of Asia Pacific
11.5. Incremental Opportunity Analysis

Section 12. Middle East & Africa Term Insurance Market Analysis and Forecast
12.1. Regional Snapshot
12.2. Term Insurance Market Size (US$ Bn) Forecast, By Type, 2018-2030
12.2.1. Level Term Policy
12.2.2. Renewable or Convertible
12.2.3. Annual Renewable Term
12.2.4. Mortgage Life Insurance
12.3. Term Insurance Market Size (US$ Bn) Forecast, By Buying Channel, 2018-2030
12.3.1. Direct Channel
12.3.1.1. Direct E-mail
12.3.1.2. Call Center
12.3.1.3. Online Company Websites
12.3.2. Indirect Channel
12.3.2.1. Agency
12.3.2.2. Brokers
12.3.2.3. Online Aggregators
12.4. Term Insurance Market Size (US$ Bn) Forecast, By Country & Sub-region, 2018-2030
12.4.1. GCC
12.4.2. South Africa
12.4.3. Rest of Middle East & Africa
12.5. Incremental Opportunity Analysis

Section 13. South America Term Insurance Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Term Insurance Market Size (US$ Bn) Forecast, By Type, 2018-2030
13.2.1. Level Term Policy
13.2.2. Renewable or Convertible
13.2.3. Annual Renewable Term
13.2.4. Mortgage Life Insurance
13.3. Term Insurance Market Size (US$ Bn) Forecast, By Buying Channel, 2018-2030
13.3.1. Direct Channel
13.3.1.1. Direct E-mail
13.3.1.2. Call Center
13.3.1.3. Online Company Websites
13.3.2. Indirect Channel
13.3.2.1. Agency
13.3.2.2. Brokers
13.3.2.3. Online Aggregators
13.4. Term Insurance Market Size (US$ Bn) Forecast, By Country & Sub-region, 2018-2030
13.4.1. Brazil
13.4.2. Rest of South America
13.5. Incremental Opportunity Analysis

Section 14. Competition Landscape
14.1. Market Player – Competition Dashboard
14.2. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview) 
14.2.1. AIA Group Ltd.
14.2.1.1. Company Overview
14.2.1.2. Sales Area/Geographical Presence
14.2.1.3. Revenue
14.2.1.4. Strategy & Business Overview
14.2.2. American International Group, Inc.
14.2.2.1. Company Overview
14.2.2.2. Sales Area/Geographical Presence
14.2.2.3. Revenue
14.2.2.4. Strategy & Business Overview
14.2.3. Allianz SE
14.2.3.1. Company Overview
14.2.3.2. Sales Area/Geographical Presence
14.2.3.3. Revenue
14.2.3.4. Strategy & Business Overview
14.2.4. AXA
14.2.4.1. Company Overview
14.2.4.2. Sales Area/Geographical Presence
14.2.4.3. Revenue
14.2.4.4. Strategy & Business Overview
14.2.5. Berkshire Hathaway
14.2.5.1. Company Overview
14.2.5.2. Sales Area/Geographical Presence
14.2.5.3. Revenue
14.2.5.4. Strategy & Business Overview
14.2.6. Brighthouse Financial (MetLife)
14.2.6.1. Company Overview
14.2.6.2. Sales Area/Geographical Presence
14.2.6.3. Revenue
14.2.6.4. Strategy & Business Overview
14.2.7. China Life Insurance Company
14.2.7.1. Company Overview
14.2.7.2. Sales Area/Geographical Presence
14.2.7.3. Revenue
14.2.7.4. Strategy & Business Overview
14.2.8. Prudential PLC
14.2.8.1. Company Overview
14.2.8.2. Sales Area/Geographical Presence
14.2.8.3. Revenue
14.2.8.4. Strategy & Business Overview
14.2.9. United Health Group
14.2.9.1. Company Overview
14.2.9.2. Sales Area/Geographical Presence
14.2.9.3. Revenue
14.2.9.4. Strategy & Business Overview
14.2.10. Zurich Insurance Group Ltd.
14.2.10.1. Company Overview
14.2.10.2. Sales Area/Geographical Presence
14.2.10.3. Revenue
14.2.10.4. Strategy & Business Overview

Section 15. Key Takeaways

List of Tables

Table 1: Global Term Insurance Market Value, By Type, US$ Bn, 2018-2030  
Table 2: Global Term Insurance Market Value, by Buying Channel, US$ Bn, 2018-2030  
Table 3: Global Term Insurance Market Value, by Region, US$ Bn, 2018-2030  
Table 4: North America Term Insurance Market Value, By Type, US$ Bn, 2018-2030  
Table 5: North America Term Insurance Market Value, by Buying Channel, US$ Bn, 2018-2030  
Table 6: North America Term Insurance Market Value, by Country, US$ Bn, 2018-2030  
Table 7: Europe Term Insurance Market Value, By Type, US$ Bn, 2018-2030  
Table 8: Europe Term Insurance Market Value, by Buying Channel, US$ Bn, 2018-2030  
Table 9: Europe Term Insurance Market Value, by Country, US$ Bn, 2018-2030  
Table 10: Asia Pacific Term Insurance Market Value, By Type, US$ Bn, 2018-2030  
Table 11: Asia Pacific Term Insurance Market Value, by Buying Channel, US$ Bn, 2018-2030  
Table 12: Asia Pacific Term Insurance Market Value, by Country, US$ Bn, 2018-2030  
Table 13: Middle East & Africa Term Insurance Market Value, By Type, US$ Bn, 2018-2030  
Table 14: Middle East & Africa Term Insurance Market Value, by Buying Channel, US$ Bn, 2018-2030  
Table 15: Middle East & Africa Term Insurance Market Value, by Country, US$ Bn, 2018-2030  
Table 16: South America Term Insurance Market Value, By Type, US$ Bn, 2018-2030  
Table 17: South America Term Insurance Market Value, by Buying Channel, US$ Bn, 2018-2030  
Table 18: South America Term Insurance Market Value, by Country, US$ Bn, 2018-2030  k8xzv d

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