The Global Insurance Market Is Valued At More Than $5 Trillion In 2017 According To TBRC’s Latest Report


Posted June 21, 2018 by ananth

The global insurance market was valued at around $5 trillion in 2017. Asia Pacific was the largest region in the insurance market in 2017, accounting for around 34% market share.
 
The insurance industry comprises all establishments engaged in insurance and related activities such as underwriting (assuming the risk and assigning premiums) policies, brokerage and reinsurance. The insurance industry is categorized on the basis of the business model of the firms present in the industry. Some firms might come under multiple categories. Contributions and premiums are set on the basis of actuarial calculations of probable pay-outs based on risk factors from experience tables and expected investment returns on reserves.

[b]Read the report at:[/b]
https://www.thebusinessresearchcompany.com/report/insurance-global-market-report-2018

The market is valued at more than $5 trillion in 2017 due to the increasing demand for property & casualty insurance products and rising insurance penetration in developing regions such as Asia and the Middle East & Africa is expected to drive growth in the market.
The market in the report is segmented into: insurance providers, insurance brokers & agents and re-insurance providers.

[b]Download a sample of the report at:[/b]
https://www.thebusinessresearchcompany.com/sample.aspx?id=210&type=smp

The USA was the largest country in the insurance market in 2017, accounting for more than one-fourth of the market share. This was mainly due to the presence of a large number commercial establishments seeking property & casualty insurance. The USA was followed by China and Japan.
The top five competitors in the market made up around 9% of the total market in 2017. UnitedHealth Group was the largest competitor, followed by AXA, Munich Re, Allianz and Generali. UnitedHealth Group was the largest competitor in the insurance market in 2017 with almost 3% share of the market. UnitedHealth Group is a diversified health and well-being company based in Minnetonka, Minnesota, US. It was founded in 1977 and employs around 230,000 people globally.

[b]About The Business Research Company.[/b]
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

[b]Contact Information.[/b]
The Business Research Company
Europe: +44 744 3439350
Asia: +91 8897263534
Americas: +1-484-625-8871
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By The Business Research Company
Website The Business Research Company
Phone +442071930708
Business Address 47 Anchorage Point,
42 Cuba Street, Canary Wharf,
Country United Kingdom
Categories Business , Finance , Publishing
Tags homeowners insurance market report , insurance brokers and agents market report , insurance global market report , insurance providers market report , liability insurance market report , life insurance market report , reinsurance providers market report
Last Updated June 21, 2018