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Microinsurance Market 2023-2027

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    Report

  • 167 Pages
  • May 2023
  • Region: Global
  • TechNavio
  • ID: 5504921
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The microinsurance market is forecasted to grow by USD 30.39 bn during 2022-2027, accelerating at a CAGR of 6.6% during the forecast period. The report on the microinsurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for insurance policies, increase in uncertain catastrophic events, and increasing government regulations on mandatory insurance coverage in developing countries.

The microinsurance market is segmented as below:

By Product Type

  • Property Insurance
  • Health Insurance
  • Life Insurance
  • Index Insurance
  • Others

By Type

  • Microinsurance (commercially viable)
  • Microinsurance through aid or government support

By Geographical Landscape

  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the digitalization of the insurance industry as one of the prime reasons driving the microinsurance market growth during the next few years. Also, inorganic growth strategies by vendors and integration of it and analytic solutions will lead to sizable demand in the market.

The report on the microinsurance market covers the following areas:

  • Microinsurance market sizing
  • Microinsurance market forecast
  • Microinsurance market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microinsurance market vendors that include Accion International, AFPGEN, Ageas Federal Life Insurance, AIA Group Ltd., AL BARAKAH MICROFINANCE BANK, Allianz SE, ASA International Group plc, Banco Bilbao Vizcaya Argentaria SA, BRAC International Holdings B.V., Edelweiss Financial Services Ltd., Gojo and Company Inc., HDFC Bank Ltd., Hollard Insurance Group, ICICI Bank Ltd., Life Insurance Corp. of India, Micro Insurance, Milliman Inc., Oikocredit International, Pramerica Life Insurance Ltd., and State Bank of India. Also, the microinsurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global microinsurance market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global microinsurance market 2017 - 2021 ($ billion)
4.2 Product Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Product Type Segment 2017 - 2021 ($ billion)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product Type
6.1 Market segments
Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)
6.2 Comparison by Product Type
Exhibit 32: Chart on Comparison by Product Type
Exhibit 33: Data Table on Comparison by Product Type
6.3 Property insurance - Market size and forecast 2022-2027
Exhibit 34: Chart on Property insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Property insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Property insurance - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Property insurance - Year-over-year growth 2022-2027 (%)
6.4 Health insurance - Market size and forecast 2022-2027
Exhibit 38: Chart on Health insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Health insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Health insurance - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Health insurance - Year-over-year growth 2022-2027 (%)
6.5 Life insurance - Market size and forecast 2022-2027
Exhibit 42: Chart on Life insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Life insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Life insurance - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Life insurance - Year-over-year growth 2022-2027 (%)
6.6 Index insurance - Market size and forecast 2022-2027
Exhibit 46: Chart on Index insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Data Table on Index insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Chart on Index insurance - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Index insurance - Year-over-year growth 2022-2027 (%)
6.7 Others - Market size and forecast 2022-2027
Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by Product Type
Exhibit 54: Market opportunity by Product Type ($ billion)
Exhibit 55: Data Table on Market opportunity by Product Type ($ billion)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 56: Chart on Type - Market share 2022-2027 (%)
Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 58: Chart on Comparison by Type
Exhibit 59: Data Table on Comparison by Type
7.3 Microinsurance (commercially viable) - Market size and forecast 2022-2027
Exhibit 60: Chart on Microinsurance (commercially viable) - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Data Table on Microinsurance (commercially viable) - Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Chart on Microinsurance (commercially viable) - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Microinsurance (commercially viable) - Year-over-year growth 2022-2027 (%)
7.4 Microinsurance through aid or government support - Market size and forecast 2022-2027
Exhibit 64: Chart on Microinsurance through aid or government support - Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Data Table on Microinsurance through aid or government support - Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Chart on Microinsurance through aid or government support - Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Microinsurance through aid or government support - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 68: Market opportunity by Type ($ billion)
Exhibit 69: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Japan - Market size and forecast 2022-2027
Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.11 India - Market size and forecast 2022-2027
Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
9.12 Mexico - Market size and forecast 2022-2027
Exhibit 111: Chart on Mexico - Market size and forecast 2022-2027 ($ billion)
Exhibit 112: Data Table on Mexico - Market size and forecast 2022-2027 ($ billion)
Exhibit 113: Chart on Mexico - Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on Mexico - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ billion)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Accion International
Exhibit 123: Accion International - Overview
Exhibit 124: Accion International - Product / Service
Exhibit 125: Accion International - Key offerings
12.4 AIA Group Ltd.
Exhibit 126: AIA Group Ltd. - Overview
Exhibit 127: AIA Group Ltd. - Business segments
Exhibit 128: AIA Group Ltd. - Key offerings
Exhibit 129: AIA Group Ltd. - Segment focus
12.5 AL BARAKAH MICROFINANCE BANK
Exhibit 130: AL BARAKAH MICROFINANCE BANK - Overview
Exhibit 131: AL BARAKAH MICROFINANCE BANK - Product / Service
Exhibit 132: AL BARAKAH MICROFINANCE BANK - Key offerings
12.6 ASA International Group plc
Exhibit 133: ASA International Group plc - Overview
Exhibit 134: ASA International Group plc - Business segments
Exhibit 135: ASA International Group plc - Key offerings
Exhibit 136: ASA International Group plc - Segment focus
12.7 Banco Bilbao Vizcaya Argentaria SA
Exhibit 137: Banco Bilbao Vizcaya Argentaria SA - Overview
Exhibit 138: Banco Bilbao Vizcaya Argentaria SA - Business segments
Exhibit 139: Banco Bilbao Vizcaya Argentaria SA - Key offerings
Exhibit 140: Banco Bilbao Vizcaya Argentaria SA - Segment focus
12.8 BRAC International Holdings B.V.
Exhibit 141: BRAC International Holdings B.V. - Overview
Exhibit 142: BRAC International Holdings B.V. - Business segments
Exhibit 143: BRAC International Holdings B.V. - Key offerings
Exhibit 144: BRAC International Holdings B.V. - Segment focus
12.9 Gojo and Company Inc.
Exhibit 145: Gojo and Company Inc. - Overview
Exhibit 146: Gojo and Company Inc. - Product / Service
Exhibit 147: Gojo and Company Inc. - Key offerings
12.10 HDFC Bank Ltd.
Exhibit 148: HDFC Bank Ltd. - Overview
Exhibit 149: HDFC Bank Ltd. - Business segments
Exhibit 150: HDFC Bank Ltd. - Key offerings
Exhibit 151: HDFC Bank Ltd. - Segment focus
12.11 Hollard Insurance Group
Exhibit 152: Hollard Insurance Group - Overview
Exhibit 153: Hollard Insurance Group - Product / Service
Exhibit 154: Hollard Insurance Group - Key offerings
12.12 ICICI Bank Ltd.
Exhibit 155: ICICI Bank Ltd. - Overview
Exhibit 156: ICICI Bank Ltd. - Business segments
Exhibit 157: ICICI Bank Ltd. - Key offerings
Exhibit 158: ICICI Bank Ltd. - Segment focus
12.13 Life Insurance Corp. of India
Exhibit 159: Life Insurance Corp. of India - Overview
Exhibit 160: Life Insurance Corp. of India - Product / Service
Exhibit 161: Life Insurance Corp. of India - Key offerings
12.14 Micro Insurance
Exhibit 162: Micro Insurance - Overview
Exhibit 163: Micro Insurance - Product / Service
Exhibit 164: Micro Insurance - Key offerings
12.15 Milliman Inc.
Exhibit 165: Milliman Inc. - Overview
Exhibit 166: Milliman Inc. - Product / Service
Exhibit 167: Milliman Inc. - Key offerings
12.16 Oikocredit International
Exhibit 168: Oikocredit International - Overview
Exhibit 169: Oikocredit International - Product / Service
Exhibit 170: Oikocredit International - Key offerings
12.17 Pramerica Life Insurance Ltd.
Exhibit 171: Pramerica Life Insurance Ltd. - Overview
Exhibit 172: Pramerica Life Insurance Ltd. - Product / Service
Exhibit 173: Pramerica Life Insurance Ltd. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 174: Inclusions checklist
Exhibit 175: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 176: Currency conversion rates for US$
13.4 Research methodology
Exhibit 177: Research methodology
Exhibit 178: Validation techniques employed for market sizing
Exhibit 179: Information sources
13.5 List of abbreviations
Exhibit 180: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product Type
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibits 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibits 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 18: Historic Market Size - Data Table on global microinsurance market 2017 - 2021 ($ billion)
Exhibits 19: Historic Market Size - Product Type Segment 2017 - 2021 ($ billion)
Exhibits 20: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
Exhibits 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
Exhibits 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)
Exhibits 23: Five forces analysis - Comparison between 2022 and 2027
Exhibits 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 26: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 27: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 28: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 29: Chart on Market condition - Five forces 2022 and 2027
Exhibits 30: Chart on Product Type - Market share 2022-2027 (%)
Exhibits 31: Data Table on Product Type - Market share 2022-2027 (%)
Exhibits 32: Chart on Comparison by Product Type
Exhibits 33: Data Table on Comparison by Product Type
Exhibits 34: Chart on Property insurance - Market size and forecast 2022-2027 ($ billion)
Exhibits 35: Data Table on Property insurance - Market size and forecast 2022-2027 ($ billion)
Exhibits 36: Chart on Property insurance - Year-over-year growth 2022-2027 (%)
Exhibits 37: Data Table on Property insurance - Year-over-year growth 2022-2027 (%)
Exhibits 38: Chart on Health insurance - Market size and forecast 2022-2027 ($ billion)
Exhibits 39: Data Table on Health insurance - Market size and forecast 2022-2027 ($ billion)
Exhibits 40: Chart on Health insurance - Year-over-year growth 2022-2027 (%)
Exhibits 41: Data Table on Health insurance - Year-over-year growth 2022-2027 (%)
Exhibits 42: Chart on Life insurance - Market size and forecast 2022-2027 ($ billion)
Exhibits 43: Data Table on Life insurance - Market size and forecast 2022-2027 ($ billion)
Exhibits 44: Chart on Life insurance - Year-over-year growth 2022-2027 (%)
Exhibits 45: Data Table on Life insurance - Year-over-year growth 2022-2027 (%)
Exhibits 46: Chart on Index insurance - Market size and forecast 2022-2027 ($ billion)
Exhibits 47: Data Table on Index insurance - Market size and forecast 2022-2027 ($ billion)
Exhibits 48: Chart on Index insurance - Year-over-year growth 2022-2027 (%)
Exhibits 49: Data Table on Index insurance - Year-over-year growth 2022-2027 (%)
Exhibits 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
Exhibits 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
Exhibits 52: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibits 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
Exhibits 54: Market opportunity by Product Type ($ billion)
Exhibits 55: Data Table on Market opportunity by Product Type ($ billion)
Exhibits 56: Chart on Type - Market share 2022-2027 (%)
Exhibits 57: Data Table on Type - Market share 2022-2027 (%)
Exhibits 58: Chart on Comparison by Type
Exhibits 59: Data Table on Comparison by Type
Exhibits 60: Chart on Microinsurance (commercially viable) - Market size and forecast 2022-2027 ($ billion)
Exhibits 61: Data Table on Microinsurance (commercially viable) - Market size and forecast 2022-2027 ($ billion)
Exhibits 62: Chart on Microinsurance (commercially viable) - Year-over-year growth 2022-2027 (%)
Exhibits 63: Data Table on Microinsurance (commercially viable) - Year-over-year growth 2022-2027 (%)
Exhibits 64: Chart on Microinsurance through aid or government support - Market size and forecast 2022-2027 ($ billion)
Exhibits 65: Data Table on Microinsurance through aid or government support - Market size and forecast 2022-2027 ($ billion)
Exhibits 66: Chart on Microinsurance through aid or government support - Year-over-year growth 2022-2027 (%)
Exhibits 67: Data Table on Microinsurance through aid or government support - Year-over-year growth 2022-2027 (%)
Exhibits 68: Market opportunity by Type ($ billion)
Exhibits 69: Data Table on Market opportunity by Type ($ billion)
Exhibits 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 71: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibits 72: Data Table on Market share By Geographical Landscape 2022-2027 (%)
Exhibits 73: Chart on Geographic comparison
Exhibits 74: Data Table on Geographic comparison
Exhibits 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibits 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibits 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibits 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibits 81: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibits 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
Exhibits 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibits 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibits 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibits 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibits 89: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibits 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
Exhibits 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibits 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibits 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibits 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibits 97: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibits 98: Data Table on US - Year-over-year growth 2022-2027 (%)
Exhibits 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibits 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibits 101: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibits 102: Data Table on China - Year-over-year growth 2022-2027 (%)
Exhibits 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibits 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibits 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 107: Chart on India - Market size and forecast 2022-2027 ($ billion)
Exhibits 108: Data Table on India - Market size and forecast 2022-2027 ($ billion)
Exhibits 109: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibits 110: Data Table on India - Year-over-year growth 2022-2027 (%)
Exhibits 111: Chart on Mexico - Market size and forecast 2022-2027 ($ billion)
Exhibits 112: Data Table on Mexico - Market size and forecast 2022-2027 ($ billion)
Exhibits 113: Chart on Mexico - Year-over-year growth 2022-2027 (%)
Exhibits 114: Data Table on Mexico - Year-over-year growth 2022-2027 (%)
Exhibits 115: Market opportunity By Geographical Landscape ($ billion)
Exhibits 116: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 117: Impact of drivers and challenges in 2022 and 2027
Exhibits 118: Overview on Criticality of inputs and Factors of differentiation
Exhibits 119: Overview on factors of disruption
Exhibits 120: Impact of key risks on business
Exhibits 121: Vendors covered
Exhibits 122: Matrix on vendor position and classification
Exhibits 123: Accion International - Overview
Exhibits 124: Accion International - Product / Service
Exhibits 125: Accion International - Key offerings
Exhibits 126: AIA Group Ltd. - Overview
Exhibits 127: AIA Group Ltd. - Business segments
Exhibits 128: AIA Group Ltd. - Key offerings
Exhibits 129: AIA Group Ltd. - Segment focus
Exhibits 130: AL BARAKAH MICROFINANCE BANK - Overview
Exhibits 131: AL BARAKAH MICROFINANCE BANK - Product / Service
Exhibits 132: AL BARAKAH MICROFINANCE BANK - Key offerings
Exhibits 133: ASA International Group plc - Overview
Exhibits 134: ASA International Group plc - Business segments
Exhibits 135: ASA International Group plc - Key offerings
Exhibits 136: ASA International Group plc - Segment focus
Exhibits 137: Banco Bilbao Vizcaya Argentaria SA - Overview
Exhibits 138: Banco Bilbao Vizcaya Argentaria SA - Business segments
Exhibits 139: Banco Bilbao Vizcaya Argentaria SA - Key offerings
Exhibits 140: Banco Bilbao Vizcaya Argentaria SA - Segment focus
Exhibits 141: BRAC International Holdings B.V. - Overview
Exhibits 142: BRAC International Holdings B.V. - Business segments
Exhibits 143: BRAC International Holdings B.V. - Key offerings
Exhibits 144: BRAC International Holdings B.V. - Segment focus
Exhibits 145: Gojo and Company Inc. - Overview
Exhibits 146: Gojo and Company Inc. - Product / Service
Exhibits 147: Gojo and Company Inc. - Key offerings
Exhibits 148: HDFC Bank Ltd. - Overview
Exhibits 149: HDFC Bank Ltd. - Business segments
Exhibits 150: HDFC Bank Ltd. - Key offerings
Exhibits 151: HDFC Bank Ltd. - Segment focus
Exhibits 152: Hollard Insurance Group - Overview
Exhibits 153: Hollard Insurance Group - Product / Service
Exhibits 154: Hollard Insurance Group - Key offerings
Exhibits 155: ICICI Bank Ltd. - Overview
Exhibits 156: ICICI Bank Ltd. - Business segments
Exhibits 157: ICICI Bank Ltd. - Key offerings
Exhibits 158: ICICI Bank Ltd. - Segment focus
Exhibits 159: Life Insurance Corp. of India - Overview
Exhibits 160: Life Insurance Corp. of India - Product / Service
Exhibits 161: Life Insurance Corp. of India - Key offerings
Exhibits 162: Micro Insurance - Overview
Exhibits 163: Micro Insurance - Product / Service
Exhibits 164: Micro Insurance - Key offerings
Exhibits 165: Milliman Inc. - Overview
Exhibits 166: Milliman Inc. - Product / Service
Exhibits 167: Milliman Inc. - Key offerings
Exhibits 168: Oikocredit International - Overview
Exhibits 169: Oikocredit International - Product / Service
Exhibits 170: Oikocredit International - Key offerings
Exhibits 171: Pramerica Life Insurance Ltd. - Overview
Exhibits 172: Pramerica Life Insurance Ltd. - Product / Service
Exhibits 173: Pramerica Life Insurance Ltd. - Key offerings
Exhibits 174: Inclusions checklist
Exhibits 175: Exclusions checklist
Exhibits 176: Currency conversion rates for US$
Exhibits 177: Research methodology
Exhibits 178: Validation techniques employed for market sizing
Exhibits 179: Information sources
Exhibits 180: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global microinsurance market: Accion International, AFPGEN, Ageas Federal Life Insurance, AIA Group Ltd., AL BARAKAH MICROFINANCE BANK, Allianz SE, ASA International Group plc, Banco Bilbao Vizcaya Argentaria SA, BRAC International Holdings B.V., Edelweiss Financial Services Ltd., Gojo and Company Inc., HDFC Bank Ltd., Hollard Insurance Group, ICICI Bank Ltd., Life Insurance Corp. of India, Micro Insurance, Milliman Inc., Oikocredit International, Pramerica Life Insurance Ltd., and State Bank of India.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is the digitalization of the insurance industry.'

According to the report, one of the major drivers for this market is the increasing demand for insurance policies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Accion International
  • AFPGEN
  • Ageas Federal Life Insurance
  • AIA Group Ltd.
  • AL BARAKAH MICROFINANCE BANK
  • Allianz SE
  • ASA International Group plc
  • Banco Bilbao Vizcaya Argentaria SA
  • BRAC International Holdings B.V.
  • Edelweiss Financial Services Ltd.
  • Gojo and Company Inc.
  • HDFC Bank Ltd.
  • Hollard Insurance Group
  • ICICI Bank Ltd.
  • Life Insurance Corp. of India
  • Micro Insurance
  • Milliman Inc.
  • Oikocredit International
  • Pramerica Life Insurance Ltd.
  • State Bank of India