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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.Speak directly to the analyst to clarify any post sales queries you may have.
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
The report on the microinsurance market covers the following areas:
- Microinsurance market sizing
- Microinsurance market forecast
- Microinsurance market industry analysis
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
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
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