Product Code: MLIG240095-06
Summary
Global Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
Non-life insurance is segmented into motor, property, liability, and others. Motor insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage. Property insurance is a policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft. Property insurance can include homeowners' insurance, renters' insurance, flood insurance, and earthquake insurance. If a claim is filed, the property insurance policy will either reimburse the policyholder for the actual value of the damage or the replacement cost to remedy the damage. Liability insurance is any type of insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice, injury, or negligence. The scope of others includes financial lines, health, marine, aviation and transit, and miscellaneous.
All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
The global non-life insurance market recorded written premiums of $3,602.8 billion in 2023, representing a compound annual growth rate (CAGR) of 6.3% between 2018 and 2023.
The motor segment accounted for the market's largest proportion in 2023, with total written premiums of $863.3 billion, equivalent to 24.0% of the market's overall value.
The global non-life insurance market is experiencing significant growth, driven by rising awareness of the importance of insurance in safeguarding assets and mitigating financial risks. This heightened awareness has led to an increase in the number of active non-life insurance policies. According to the Australian Prudential Regulation Authority, in 2023, the number of active non-life insurance policies in Australia reached 101.1 million, an increase of 8.6% from the previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global non-life insurance market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global non-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 2023?
- What will be the size of the global non-life insurance market in 2028?
- 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 competitors in the global non-life insurance market?
Table of Contents
1 EXECUTIVE SUMMARY
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Competitive landscape
2 Introduction
- 2.1. What is this report about?
- 2.2. Who is the target reader?
- 2.3. How to use this report
- 2.4. Definitions
3 Global Non-Life Insurance
- 3.1. Market Overview
- 3.2. Market Data
- 3.3. Market Segmentation
- 3.4. Market outlook
- 3.5. Five forces analysis
4 Macroeconomic Indicators
5 Non-Life Insurance in Asia-Pacific
- 5.1. Market Overview
- 5.2. Market Data
- 5.3. Market Segmentation
- 5.4. Market outlook
- 5.5. Five forces analysis
6 Non-Life Insurance in Europe
- 6.1. Market Overview
- 6.2. Market Data
- 6.3. Market Segmentation
- 6.4. Market outlook
- 6.5. Five forces analysis
7 Macroeconomic Indicators
8 Non-Life Insurance in Finland
- 8.1. Market Overview
- 8.2. Market Data
- 8.3. Market Segmentation
- 8.4. Market outlook
- 8.5. Five forces analysis
9 Macroeconomic Indicators
10 Non-Life Insurance in France
- 10.1. Market Overview
- 10.2. Market Data
- 10.3. Market Segmentation
- 10.4. Market outlook
- 10.5. Five forces analysis
11 Macroeconomic Indicators
12 Non-Life Insurance in Germany
- 12.1. Market Overview
- 12.2. Market Data
- 12.3. Market Segmentation
- 12.4. Market outlook
- 12.5. Five forces analysis
13 Macroeconomic Indicators
14 Non-Life Insurance in India
- 14.1. Market Overview
- 14.2. Market Data
- 14.3. Market Segmentation
- 14.4. Market outlook
- 14.5. Five forces analysis
15 Macroeconomic Indicators
16 Non-Life Insurance in Indonesia
- 16.1. Market Overview
- 16.2. Market Data
- 16.3. Market Segmentation
- 16.4. Market outlook
- 16.5. Five forces analysis
17 Macroeconomic Indicators
18 Non-Life Insurance in Italy
- 18.1. Market Overview
- 18.2. Market Data
- 18.3. Market Segmentation
- 18.4. Market outlook
- 18.5. Five forces analysis
19 Macroeconomic Indicators
20 Non-Life Insurance in Japan
- 20.1. Market Overview
- 20.2. Market Data
- 20.3. Market Segmentation
- 20.4. Market outlook
- 20.5. Five forces analysis
21 Macroeconomic Indicators
22 Non-Life Insurance in Mexico
- 22.1. Market Overview
- 22.2. Market Data
- 22.3. Market Segmentation
- 22.4. Market outlook
- 22.5. Five forces analysis
23 Macroeconomic Indicators
24 Non-Life Insurance in The Netherlands
- 24.1. Market Overview
- 24.2. Market Data
- 24.3. Market Segmentation
- 24.4. Market outlook
- 24.5. Five forces analysis
25 Macroeconomic Indicators
26 Non-Life Insurance in North America
- 26.1. Market Overview
- 26.2. Market Data
- 26.3. Market Segmentation
- 26.4. Market outlook
- 26.5. Five forces analysis
27 Non-Life Insurance in Norway
- 27.1. Market Overview
- 27.2. Market Data
- 27.3. Market Segmentation
- 27.4. Market outlook
- 27.5. Five forces analysis
28 Macroeconomic Indicators
29 Non-Life Insurance in Russia
- 29.1. Market Overview
- 29.2. Market Data
- 29.3. Market Segmentation
- 29.4. Market outlook
- 29.5. Five forces analysis
30 Macroeconomic Indicators
31 Non-Life Insurance in Singapore
- 31.1. Market Overview
- 31.2. Market Data
- 31.3. Market Segmentation
- 31.4. Market outlook
- 31.5. Five forces analysis
32 Macroeconomic Indicators
33 Non-Life Insurance in South Africa
- 33.1. Market Overview
- 33.2. Market Data
- 33.3. Market Segmentation
- 33.4. Market outlook
- 33.5. Five forces analysis
34 Macroeconomic Indicators
35 Non-Life Insurance in South Korea
- 35.1. Market Overview
- 35.2. Market Data
- 35.3. Market Segmentation
- 35.4. Market outlook
- 35.5. Five forces analysis
36 Macroeconomic Indicators
37 Non-Life Insurance in Spain
- 37.1. Market Overview
- 37.2. Market Data
- 37.3. Market Segmentation
- 37.4. Market outlook
- 37.5. Five forces analysis
38 Macroeconomic Indicators
39 Non-Life Insurance in Sweden
- 39.1. Market Overview
- 39.2. Market Data
- 39.3. Market Segmentation
- 39.4. Market outlook
- 39.5. Five forces analysis
40 Macroeconomic Indicators
41 Non-Life Insurance in Turkey
- 41.1. Market Overview
- 41.2. Market Data
- 41.3. Market Segmentation
- 41.4. Market outlook
- 41.5. Five forces analysis
42 Macroeconomic Indicators
43 Non-Life Insurance in The United Kingdom
- 43.1. Market Overview
- 43.2. Market Data
- 43.3. Market Segmentation
- 43.4. Market outlook
- 43.5. Five forces analysis
44 Macroeconomic Indicators
45 Non-Life Insurance in The United States
- 45.1. Market Overview
- 45.2. Market Data
- 45.3. Market Segmentation
- 45.4. Market outlook
- 45.5. Five forces analysis
46 Macroeconomic Indicators
47 Non-Life Insurance in Australia
- 47.1. Market Overview
- 47.2. Market Data
- 47.3. Market Segmentation
- 47.4. Market outlook
- 47.5. Five forces analysis
48 Macroeconomic Indicators
49 Non-Life Insurance in Brazil
- 49.1. Market Overview
- 49.2. Market Data
- 49.3. Market Segmentation
- 49.4. Market outlook
- 49.5. Five forces analysis
50 Macroeconomic Indicators
51 Non-Life Insurance in Canada
- 51.1. Market Overview
- 51.2. Market Data
- 51.3. Market Segmentation
- 51.4. Market outlook
- 51.5. Five forces analysis
52 Macroeconomic Indicators
53 Non-Life Insurance in China
- 53.1. Market Overview
- 53.2. Market Data
- 53.3. Market Segmentation
- 53.4. Market outlook
- 53.5. Five forces analysis
54 Macroeconomic Indicators
55 Non-Life Insurance in Denmark
- 55.1. Market Overview
- 55.2. Market Data
- 55.3. Market Segmentation
- 55.4. Market outlook
- 55.5. Five forces analysis
56 Macroeconomic Indicators
57 Company Profiles
- 57.1. Intact Insurance Co
- 57.2. Lloyd's Underwriters
- 57.3. Aviva Insurance Company of Canada
- 57.4. Co-operators General Insurance Co
- 57.5. Allianz SE
- 57.6. AXA SA
- 57.7. Covea Mutual Insurance Group Co
- 57.8. Groupama Assurances Mutuelles
- 57.9. R+V Versicherung AG
- 57.10. Talanx AG
- 57.11. Assicurazioni Generali SpA
- 57.12. UnipolSai Assicurazioni SpA
- 57.13. Tokio Marine Holdings Inc
- 57.14. MS&AD Insurance Group Holdings, Inc.
- 57.15. Sompo Holdings, Inc.
- 57.16. SOGAZ Insurance Group
- 57.17. AlfaStrakhovanie Group
- 57.18. RESO-Garantiya
- 57.19. Ingosstrakh Joint-Stock Insurance Co Ltd
- 57.20. Aviva Plc
- 57.21. Direct Line Insurance Group Plc
- 57.22. Admiral Group Plc
- 57.23. State Farm Mutual Automobile Insurance Co
- 57.24. Berkshire Hathaway Inc
- 57.25. Allstate Insurance Company
- 57.26. The Progressive Corp
- 57.27. Grupo Nacional Provincial SAB
- 57.28. AXA Seguros SA de CV
- 57.29. MetLife Mexico SA
- 57.30. Qualitas Controladora SAB de CV
- 57.31. Porto Seguro SA
- 57.32. Mapfre SA
- 57.33. Bradesco Seguros SA
- 57.34. The People's Insurance Company (Group) of China Ltd
- 57.35. Ping An Insurance (Group) Company of China Ltd
- 57.36. China Pacific Insurance (Group) Co Ltd
- 57.37. Huatai Insurance Group Co Ltd
- 57.38. The New India Assurance Co Ltd
- 57.39. ICICI Lombard General Insurance Co Ltd
- 57.40. The Oriental Insurance Company Ltd.
- 57.41. United India Insurance Co Ltd
- 57.42. Santam Ltd
- 57.43. Guardrisk Insurance Company Ltd
- 57.44. OUTsurance Insurance Company Ltd
- 57.45. Hollard Insurance Group
- 57.46. Allianz Australia Insurance Ltd
- 57.47. Insurance Australia Group Ltd
- 57.48. AAI Limited
- 57.49. QBE Insurance Group Ltd
- 57.50. OP Corporate Bank Plc
- 57.51. Tapiola General Mutual Insurance Company
- 57.52. If P&C Insurance Holding Ltd
- 57.53. Fennia Group
- 57.54. PT Asuransi Central Asia
- 57.55. PT Zurich Asuransi Indonesia Tbk
- 57.56. PT Asuransi Multi Artha Guna Tbk
- 57.57. PT Asuransi Ramayana Tbk
- 57.58. Achmea BV
- 57.59. ASR Nederland NV
- 57.60. NN Group NV
- 57.61. Gjensidige Forsikring ASA
- 57.62. DNB Bank ASA
- 57.63. If Skadeforsikring NUF
- 57.64. Tryg Forsikring A/S
- 57.65. NTUC Income Insurance Co-operative Limited
- 57.66. The Cigna Group
- 57.67. AIG Asia Pacific Insurance Pte. Ltd.
- 57.68. Chubb Insurance Singapore Ltd
- 57.69. KB Financial Group Inc
- 57.70. Samsung Fire & Marine Insurance Co Ltd
- 57.71. Meritz Fire & Marine Insurance Co Ltd
- 57.72. Hyundai Marine & Fire Insurance Co Ltd
- 57.73. Grupo Mutua Madrilena
- 57.74. Lansforsakringar AB
- 57.75. If Skadeforsakring AB
- 57.76. Folksam
- 57.77. Trygg-Hansa Forsskrings AB
- 57.78. Turkiye Sigorta AS
- 57.79. Anadolu Anonim Turk Sigorta Sirketi
- 57.80. Tryg A/S
- 57.81. Topdanmark AS
- 57.82. Alm Brand AS
- 57.83. Codan Forsikring AS
58 Appendix
- 58.1. Methodology
- 58.2. About MarketLine