The Business Research Company’s Insurance Providers global market report, covers the year-on-year growth of the global Insurance Providers market historic and forecast growth. It also includes chapters on the Insurance Providers market trends, geographical analysis, and competitive landscape.
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The global Insurance Providers market size is expected to reach above $5 trillion by 2022, significantly growing at a CAGR of around 6.8% during the forecast period.
Insurance Providers Market Trends:
The insurance providers market consists of sales of insurance products by entities (organizations, sole traders and partnerships) that undertake underwriting (assuming the risk and assigning premiums) on annuities and insurance policies. Insurance providers invest premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance providers are entities that are engaged in primary underwriting and assuming the risk of annuities and insurance policies. Reinsurance providers are businesses that assume all or part of the risk associated with an existing insurance policy or set of policies, originally underwritten by another insurance carrier (direct insurance carrier).
Usage-Based Insurance (UBI) is gaining prominence within auto insurers, cyber insurance market growing rapidly, increasing usage of big data by global insurers, are the major trends witnessed in the global Insurance Providers market.
The global Insurance Providers market is primarily driven by introduction of additional security features such as EMV, launch of innovative products and rising penetration of contact less cards which are easy to use.
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The global Insurance Providers market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the global Insurance Providers market is expected to increase in potential and scope. TBRC’s report also covers the Insurance Providers drivers and restraints in the market.
The global Insurance Providers market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global Insurance Providers market report are Unitedhealth Group, AXA, Allianz, Generali, Ping An.
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