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市場調査レポート
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1625306
埋葬保険市場の2030年までの予測:タイプ別、補償内容別、提供者別、年齢層別、ターゲット層別、流通チャネル別、エンドユーザー別、地域別の世界分析Burial Insurance Market Forecasts to 2030 - Global Analysis By Type (Simplified Issue, Guaranteed Issue and Pre-need Insurance), Coverage, Provider, Age Group, Target Demographic, Distribution Channel, End User and by Geography |
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埋葬保険市場の2030年までの予測:タイプ別、補償内容別、提供者別、年齢層別、ターゲット層別、流通チャネル別、エンドユーザー別、地域別の世界分析 |
出版日: 2025年01月01日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2~3営業日
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Stratistics MRCによると、世界の埋葬保険市場は2024年に1,802億2,000万米ドルを占め、予測期間中12.3%のCAGRで成長し、2030年には3,614億7,000万米ドルに達すると予測されています。
埋葬保険は、最終費用保険としても知られ、葬儀、埋葬、その他の終末期にかかる費用をカバーするために設計された生命保険の一種です。埋葬保険は、従来の生命保険よりも補償額が小さいのが普通ですが、家族が試練の時に経済的なストレスを受けないようにしたいと願う人々にとって、費用対効果の高い選択肢です。これらの保険は、墓石、棺、葬儀サービス、さらには未払いの医療費をカバーすることができます。
全米葬儀業者協会(NFDA)によると、2021年の葬儀費用の中央値は7,848ドルで、多くの家族が埋葬保険や関連保険に投資し、このような出費を軽減する必要があることを強調しています。
葬儀費用に関する知識の増加
棺、埋葬区画、墓石、葬儀の手配など、葬儀や埋葬に関連する費用は近年劇的に増加しています。多くの国の平均的な葬儀費用は、数千ドルから数万米ドルに及びます。人々は今、これらの費用に備えた積極的な計画を立てることが急務となっています。このような費用に備える費用対効果の高い方法として、埋葬保険があります。埋葬保険は家族に経済的な安定をもたらし、困難な時期に貯蓄を使ったりローンを組んだりせずに済みます。さらに、埋葬保険の必要性は、メディアやファイナンシャルプランニングのイニシアチブが、こうした費用に対する一般の人々の認識を高めていることによって、さらに高まっています。
若年層における価値の低さ
埋葬保険は主に高齢者向けの商品と思われがちなため、若年層にはあまり利用されていないです。特にミレニアル世代とZ世代は、長期的な葬儀費用の計画よりも、住宅、教育、生活費といった短期的なニーズのための投資や貯蓄を優先する可能性があります。さらに、終活計画から切り離されていると認識されることで、埋葬保険への加入の緊急性が低くなり、この年齢層の市場の成長が鈍化しています。
安価な保険へのニーズの高まり
低所得者層向けのリーズナブルな保険へのニーズは、世界経済の不確実性が続く限り高まっています。埋葬保険はリーズナブルな価格の商品であるため、このニーズに適しています。手頃な価格を保証するため、保険料を週単位または月単位で支払う小額保険モデルを構築することで、保険会社はこの動向から利益を得ることができます。さらに、金融包摂の推進に関心を持つ政府や非政府組織が、このような取り組みにインセンティブを提供することで、保険会社にとって有利な環境が生まれる可能性があります。
活発な市場競争
新たなプレーヤーが市場に参入し、安い保険料で最先端の商品を提供するにつれて、埋葬保険市場の競争は激化しています。こうした競争の結果、利益率が低下し、小規模な保険会社や技術的に劣る保険会社は市場シェアを維持することが困難になる可能性があります。さらに、技術を駆使して個々人に合った手ごろな保険を提供するインシュアテック企業も、デジタルソリューションの導入が遅れている既存の保険会社に脅威を与えています。
埋葬保険市場はCOVID-19の大流行によって大きな影響を受け、葬儀費用の予算化がいかに重要であるかが注目され、需要が高まりました。葬儀にかかる経済的負担を軽減するため、パンデミックによる死者の急増を受け、多くの人々、特に高齢者が埋葬保険を検討したり、加入したりしました。しかし、パンデミックの経済的不安の結果、多くの人々が経済的負担を経験し、可処分所得が減少したため、保険への加入を控えるグループもありました。さらに、パンデミックによってデジタルチャネルへの移行が加速した結果、保険会社は保険契約購入や保険金請求手続きのためのオンラインツールやサービスを導入するようになり、埋蔵保険商品に対する消費者の接し方も変化しました。
予測期間中は保証発行セグメントが最大となる見込み
埋葬保険市場は、保証発行セグメントが大半になると予想されます。健康上の問題を抱えたり、他の保険形態の加入資格を得るのが困難な人々がこのセグメントを選択することが多いのは、健康診断や詳細な健康上の質問を必要としない保険が提供されているからです。この保険が市場を独占しているのは、広く利用しやすく、申し込み手続きが簡単なためです。さらに、顧客、特に既往症のために保険加入を拒否されることを心配する可能性のある高齢者は、これらの保険の保証された受け入れに安心感を見出すと思われます。
予測期間中CAGRが最も高くなると予想されるのは、修正または段階的死亡保険金セグメントです。
埋葬保険市場において、修正または段階的死亡保険金セグメントは最も高いCAGRで成長すると予測されます。健康上の問題から従来の生命保険に加入できない可能性のある人々に対して、この種の保険は通常、初期保証を低く設定し、待機期間後に死亡保険金を増額します。この保険は、埋葬保険への入口をより手頃な価格で提供するため、持病のある人を含む幅広い消費者がこの保険に加入できることが、このセグメントの成長を後押ししています。その他の特典として、死亡保険金オプションの見直しや段階的な死亡保険金オプションを提供する保険会社が増え、これらの保険に対する認知度が高まるにつれ、リーズナブルな価格の最終費用保険を求める高齢者を中心に、市場は大きく拡大しています。
米国では最終費用保険に対する需要が高いこともあり、北米地域が埋葬保険市場で最大のシェアを占めると予想されます。葬儀費用をカバーし、家族を経済的負担から救うために埋葬保険を求める人が増えており、特にベビーブーマー世代を中心とした高齢化が市場の拡大に大きく寄与しています。さらに、評判の高い保険会社の存在、有利な規制の枠組み、埋葬保険の利点に関する消費者の知識の高まりが、この分野の市場拡大をさらに後押ししています。
埋葬保険市場はアジア太平洋地域で最も高いCAGRで成長すると予測されます。中国、インド、日本などの国々では急速に高齢化が進んでおり、終末期の費用予算の重要性に対する意識が高まっているためです。都市化が進み、従来の家族構成が変化するにつれ、家族の経済的負担を軽減するために、埋葬保険を求める人が増えています。さらに、埋葬保険の需要は、保険普及率の向上、可処分所得の増加、保険商品の利用拡大などによっても地域全体で牽引されており、これらすべてが市場の拡大を後押ししています。
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
According to Stratistics MRC, the Global Burial Insurance Market is accounted for $180.22 billion in 2024 and is expected to reach $361.47 billion by 2030 growing at a CAGR of 12.3% during the forecast period. Burial insurance, also known as final expense insurance is a type of life insurance policy designed to cover the costs associated with a person's funeral, burial, and other end-of-life expenses. Burial insurance is a cost-effective choice for people who wish to make sure their family is not financially stressed during a trying time, even though it usually offers smaller coverage amounts than traditional life insurance. These policies may cover headstones, caskets, funeral services, and even unpaid medical bills.
According to the National Funeral Directors Association (NFDA) reported that the median cost of a funeral with a viewing and burial in 2021 was $7,848, emphasizing the financial necessity for many families to invest in burial insurance or related policies to alleviate such expenses.
Growing knowledge of funeral expenses
Costs associated with funerals and burials, including those for caskets, burial plots, headstones, and ceremonial arrangements, have increased dramatically in recent years. The average funeral expenses in many nations can range from thousands to tens of thousands of dollars. People now urgently need to make proactive plans for these costs. A cost-effective way to pay for these expenses is through burial insurance, which gives families financial stability and keeps them from using their savings or taking out loans during trying times. Additionally, the need for burial insurance is further increased by the media's and financial planning initiatives' increased public awareness of these expenses.
Low value perception in younger populations
Burial insurance is not widely used by younger populations because it is frequently perceived as a product intended primarily for the elderly. Millennials and Gen Z in particular may put investments or savings for short-term needs like housing, education, or lifestyle expenses ahead of long-term funeral cost planning. Furthermore, the perceived separation from end-of-life planning lessens the urgency of buying burial insurance, which slows the growth of the market in this age group.
Growing need for inexpensive insurance choices
The need for reasonably priced insurance options that serve lower-income groups is growing as long as there are ongoing economic uncertainties in the world. Burial insurance meets this need well because it is a reasonably priced product. By creating micro-insurance models with modest premium amounts that are paid on a weekly or monthly basis to guarantee affordability, insurers can profit from this trend. Moreover, incentives for such initiatives could be offered by governments and non-governmental organizations that are interested in advancing financial inclusion, which would create a favorable environment for insurers.
Vigorous market competition
The market for burial insurance is growing more competitive as new players enter the market and offer cutting-edge products at cheaper rates. Profit margins may decline as a result of this competition, and smaller or less technologically sophisticated insurers may find it difficult to hold onto market share. Additionally, insurtech firms, which use technology to offer individualized and affordable insurance, are also posing a threat to established insurers who are slower to embrace digital solutions.
The market for burial insurance was greatly impacted by the COVID-19 pandemic, which increased demand because it brought attention to how crucial it is to budget for funeral costs. In order to lessen the financial burden of funerals, many people, especially older adults, considered or bought burial insurance as a result of the pandemic's spike in deaths. But many people also experienced financial strain as a result of the pandemic's economic uncertainties, which decreased their disposable income and caused some groups to purchase less insurance. Furthermore, consumer interactions with burial insurance products have also changed as a result of the pandemic's acceleration of the move toward digital channels, which led insurers to implement more online tools and services for policy purchases and claims processing.
The Guaranteed Issue segment is expected to be the largest during the forecast period
The market for burial insurance is expected to be dominated by the guaranteed issue segment. People who might have health problems or have trouble qualifying for other forms of insurance often choose this segment because it offers policies without requiring medical exams or in-depth health questions. Its dominance in the market is a result of its wide accessibility and straightforward application process. Moreover, customers, particularly older adults who might be worried about being refused coverage because of pre-existing conditions, will find peace of mind in these policies' guaranteed acceptance.
The Modified or Graded Death Benefit segment is expected to have the highest CAGR during the forecast period
In the burial insurance market, the modified or graded death benefit segment is anticipated to grow at the highest CAGR. For people who might not be eligible for traditional life insurance because of health issues, this kind of policy usually offers lower initial coverage with an increase in the death benefit after a waiting period. Because it offers a more affordable entry point into burial insurance, the segment's accessibility to a wider range of consumers, including those with pre-existing health conditions, is what propels its growth. Additionally, the market is expanding significantly, particularly among older adults looking for reasonably priced final expense coverage, as more insurers provide modified or graded death benefit options and as awareness of these policies rises.
Due in large part to the high demand for final expense insurance products in the US, the North American region is anticipated to grow the largest share of the burial insurance market. As more people look for burial insurance to cover funeral expenses and spare their families from financial strain, the aging population, especially the baby boomer generation, contributes significantly to the market's expansion. Furthermore, the market's expansion in this area is further supported by the existence of reputable insurance companies, advantageous regulatory frameworks, and growing consumer knowledge of the advantages of burial insurance.
The burial insurance market is anticipated to grow at the highest CAGR in the Asia Pacific region. The rapidly aging populations in nations like China, India, and Japan are to blame for this growth, as people become more conscious of the importance of budgeting for end-of-life costs. In an effort to lessen the financial strain on their families, more people are looking for burial insurance as urbanization increases and conventional family structures change. Moreover, the demand for burial insurance is also being driven throughout the region by improvements in insurance penetration, growing disposable incomes, and the expanding use of insurance products, all of which are propelling the market's expansion.
Key players in the market
Some of the key players in Burial Insurance market include Cephalon Inc, AIG Company, Mutual of Omaha Insurance Company, Gerber Life Insurance Company, Allianz Life, The Baltimore Life Insurance Company, Colonial Penn Life Insurance Company, Foresters Financial Services Inc, Sagicor Life Insurance Company, New York Life Insurance Company, Assurity Life Insurance Company, Generali, Zurich Insurance, Transamerica and State Farm Mutual Automobile Insurance Company.
In October 2024, New York Life is pleased to announce the pricing of its first-ever funding agreement-backed Medium-Term Note (MTN) offering in partnership with a consortium of diverse-owned banks. This $600 million, 3-year innovative transaction marks a significant milestone for New York Life as the company continues to drive inclusion and equity in its financial offerings.
In September 2024, Foresters Financial partners with Allstate to offer life insurance solutions. Under the agreement, Allstate's exclusive agents and Personal Financial Representatives will now offer a range of Foresters life insurance products, including three fully underwritten and four non-medical options. These products include whole life, guaranteed rate universal life, and term life policies.
In June 2024, American International Group, Inc. announced that it has entered into a definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. The agreement includes the Travel Guard business and its servicing capabilities, excluding Japan and our AIG joint venture arrangement in India.