Insights into the Industry
The islamic insurance industry has been witnessing optimal growth in recent years and is likely to continue even in upcoming years. The growth of islamic insurance ’s industry size can be attributed to rising investments in research & development activities, entry of new players, product innovation, technological breakthroughs, effective allocation of resources, and growing competition among business rivals to expand its regional as well as customer base. Supportive government policies and incentives, as well as favorable laws, are projected to determine the growth of the islamic insurance market in foreseeable future. An increase in the spending capacity of customers with the rise in disposable income will further contribute towards islamic insurance 's market proceeds.
This market research report is a comprehensive overview of the events taking place in the islamic insurance industry and impacting its growth. Our report divides the islamic insurance market into various segments or categories based on products, applications, region, etc. Additionally, our research analysts have listed the key players of the global islamic insurance market and compared them based on metrics such as market revenue, Y-O-Y sales, shipments volume, historical data, and successful implementation of business strategies such as strategic alliances, mergers & acquisitions, joint ventures, product development, and partnerships & collaborations.
Market Research Store (MRS) published a brand new report titled “Islamic Insurance Market research report which is segmented by Products (Life/Family, Takaful (Life Insurance), General, Takaful (Product Insurance)), by Applications (Family, Government, Business), by Key Players/Companies Allianz, Takaful Malaysia, Islamic Insurance Company, Qatar Islamic Insurance Company, Standard Chartered, Salama, Zurich Malaysia, Prudential BSN Takaful Berhad, JamaPunji, AMAN, Takaful Brunei Darussalam Sdn Bhd”. In 2020, the global islamic insurance market value was registered at XX (USD Million/Billion) and is predicted to reach XX (USD Million/Billion) at a CAGR of XX% by 2028.
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| Report Attributes | Report Details |
|---|---|
| Report Title | Islamic Insurance Market Research Report |
| By Products | Life/Family, Takaful (Life Insurance), General, Takaful (Product Insurance) |
| By Applications | Family, Government, Business |
| By Key Players | Allianz, Takaful Malaysia, Islamic Insurance Company, Qatar Islamic Insurance Company, Standard Chartered, Salama, Zurich Malaysia, Prudential BSN Takaful Berhad, JamaPunji, AMAN, Takaful Brunei Darussalam Sdn Bhd |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East And Africa (MEA) |
| Countries Covered | North America : U.S and Canada Europe : U.K, Spain, Germany, Italy, Russia, France, Rest of Europe APAC : Japan, India, China, Australia, South Korea, South East Asia, Rest of Asia Pacific Latin America : Mexico, Brazil The Middle East And Africa : South Africa, UAE, Saudi Arab, Rest of MEA |
| Base Year | 2020 |
| Historical Year | 2016to 2020 (Depending on availability, data from 2010 can be offered) |
| Forecast Year | 2028 |
| Number of Pages | 126 |
| Customization Available | Yes, the report can be tailored to meet your specific requirements. |
Based on these findings, the global islamic insurance industry study suggests strategies to existing market participants as to how they can improve & reinforce their market position. In addition to this, the study also recommends successful market penetrating strategies for new entrants. Furthermore, islamic insurance industry study report has included all major manufacturers and distributors operating in the islamic insurance market across all major regions.
Islamic Insurance Market Strategic Analysis
Various analytical methods such as Porter’s Five Force Analysis, SWOT analysis, Market Share Analysis, Competitive Analysis, PESTEL Analysis, Market Attractiveness Analysis, and Value Chain Analysis have been used to analyze the market in the research report. These assessments help users of the report in examining and evaluating islamic insurance market on the basis of different metrics such as switching costs, economies of scale, current sales, brand loyalty, brand equity, capital investments, production rights, research & development activities, copyrights & patents, legislations, effects of promotional activities, and consumer preferences.
The information provided in our market research report is anticipated to help the industry stakeholders in the effective decision-making process and successful business outcomes. Moreover, we have been using Ansoff Matrix to help firms analyze and plan their business growth strategies.
Additionally, our report contains a growth-share matrix that aids firms’ business decisions for prioritizing their myriad businesses. We have also included GE Nine Cell Matrix that is helpful in making strategic planning and can help firms in determining their position in the market along with analyzing their growth strategies.
Our researchers also make use of the perceptual map to demonstrate how to target consumers feel about a given brand and form perception about it. We have also included the Customer-Based Brand Equity (CBBE) Model for helping firms effectively position their brands.
Islamic Insurance Market Key Trends Analysis
The key factors influencing the growth of the islamic insurance market have been assessed in the report. Factors having a huge influence on market demand and restraining factors that impact the development of the market are both addressed rigorously & in-depth in our global market research report.
Furthermore, trends that play a key role in market’s growth are discussed comprehensively in the report. Moreover, a large number of qualitative factors or measurements are included in the report and this includes operating risks and major obstacles encountered by players in the industry.
Islamic Insurance Market Key Segment Analysis
The report delivers a critical assessment on the islamic insurance market by segmenting it based on Products, Applications, and region. All the segments and categories of the islamic insurance market have been evaluated based on past, present and future trends and are key parameters determining & defining the growth of the market.
The data for the market and its segments and categories are provided from 2016 to 2028. The report has identified the key segments and categories contributing substantially towards overall market growth in terms of revenue & volume.
Based on Products, the global islamic insurance market is segmented into Life/Family, Takaful (Life Insurance), General, Takaful (Product Insurance). Comprehensive qualitative and quantitative this segment analysis will be provided in the report from 2016 to 2028.
Based on Applications, market is divided into Family, Government, Business. A slew of business growth opportunities and dynamics affecting the different segments are analyzed and discussed in the report.
Impact Assessment of COVID-19
The COVID-19 outbreak has wreaked havoc on worldwide economic and social systems. The disease has entered several industries' value and supply chains, including the islamic insurance market. The government imposed lockdowns in various locations. We will examine the impact of the COVID-19 pandemic on the global market, looking at both demand and supply.
The COVID-19 pandemic's short- and long-term impacts would be explored to provide a summary. This would help build business plans for all market participants, including manufacturers, vendors, suppliers, distributors, and end-users, during and after the epidemic.
Islamic Insurance Market Regional Trends and Market Player’s Analysis
On the basis of region, the market is segregated into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
The major players holding a huge chunk of market share in the global islamic insurance market and impacting market profitability are evaluated after considering their product & services revenue, sales, business plans, innovations, and growth rate. The final position of a player in the market depends on market events or market happenings, new product launches, mergers & acquisitions, benchmarking, regional expansions, and technical innovations.
For all the key stakeholders of the market, value chain and technology ecosystem, as well as the information provided in this market research report, will prove beneficial. The study offers an outline of the company’s market share and an extensive summary of the major players in the islamic insurance market.
Some of the leading players profiled in the global islamic insurance market are,
- Allianz
- Takaful Malaysia
- Islamic Insurance Company
- Qatar Islamic Insurance Company
- Standard Chartered
- Salama
- Zurich Malaysia
- Prudential BSN Takaful Berhad
- JamaPunji
- AMAN
- Takaful Brunei Darussalam Sdn Bhd
The Key Audiences for Islamic Insurance Market Report
- Research Institutes & consulting firms
- Industry Leaders, as well as companies, aspiring to enter the islamic insurance market
- Student and universities
- Solution Providers, product providers, service providers, and other players in the industry
- Associated private firms and government bodies
- Individuals interested to learn about market
The report segments of the global islamic insurance market are as follows:
Global Islamic Insurance Market: By Products
- Life/Family
- Takaful (Life Insurance)
- General
- Takaful (Product Insurance)
Global Islamic Insurance Market: By Applications
- Family
- Government
- Business
The Most Important Research Methodologies
Primary sources include industry experts from management corporations, processing organizations, and analytical service providers who serve businesses across the sector's value chain. We interviewed key sources to acquire qualitative and quantitative data and analyse future prospects.
Primary research undertaken for this report comprised interviews with industry professionals such as CEOs, Vice Presidents, Marketing Directors and Technology Directors of strong core organizations and institutions in major islamic insurance . We interviewed them to get qualitative and quantitative data.
The following are the justifications for purchasing the global Islamic Insurance market report:
- Statistical data is well-referenced, and the source is a significant resource for directing interested companies.
- Market development trends and marketing channels that are cutting-edge are discussed.
- The feasibility and growth rate of the market as a whole over the foreseeable future are determined.
- The competitive landscape and demographic research provide a clear picture of the current state of the market on an international scale.
- A thorough examination of development policies and plans, manufacturing processes, and costing provides a more accurate picture of import/export consumption, supply and demand, pricing, revenue, and gross margins, among other things.
- Customization is possible based on the client's requirements.
Frequently Asked Questions
- Allianz
- Takaful Malaysia
- Islamic Insurance Company
- Qatar Islamic Insurance Company
- Standard Chartered
- Salama
- Zurich Malaysia
- Prudential BSN Takaful Berhad
- JamaPunji
- AMAN
- Takaful Brunei Darussalam Sdn Bhd
Table Of Content
Table of Content 1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Regulatory Scenario by Region/Country 1.4 Market Investment Scenario Strategic 1.5 Market Analysis by Type 1.5.1 Global Islamic Insurance Market Share by Type (2020-2026) 1.5.2 Life/Family, Takaful (Life Insurance) 1.5.3 General, Takaful (Product Insurance) 1.6 Market by Application 1.6.1 Global Islamic Insurance Market Share by Application (2020-2026) 1.6.2 Family 1.6.3 Government 1.6.4 Business 1.7 Islamic Insurance Industry Development Trends under COVID-19 Outbreak 1.7.1 Global COVID-19 Status Overview 1.7.2 Influence of COVID-19 Outbreak on Islamic Insurance Industry Development 2. Global Market Growth Trends 2.1 Industry Trends 2.1.1 SWOT Analysis 2.1.2 Porter’s Five Forces Analysis 2.2 Potential Market and Growth Potential Analysis 2.3 Industry News and Policies by Regions 2.3.1 Industry News 2.3.2 Industry Policies 2.4 Industry Trends Under COVID-19 3 Value Chain of Islamic Insurance Market 3.1 Value Chain Status 3.2 Islamic Insurance Manufacturing Cost Structure Analysis 3.2.1 Production Process Analysis 3.2.2 Manufacturing Cost Structure of Islamic Insurance 3.2.3 Labor Cost of Islamic Insurance 3.2.3.1 Labor Cost of Islamic Insurance Under COVID-19 3.3 Sales and Marketing Model Analysis 3.4 Downstream Major Customer Analysis (by Region) 3.5 Value Chain Status Under COVID-19 4 Players Profiles 4.1 Allianz 4.1.1 Allianz Basic Information 4.1.2 Islamic Insurance Product Profiles, Application and Specification 4.1.3 Allianz Islamic Insurance Market Performance (2015-2020) 4.1.4 Allianz Business Overview 4.2 Takaful Malaysia 4.2.1 Takaful Malaysia Basic Information 4.2.2 Islamic Insurance Product Profiles, Application and Specification 4.2.3 Takaful Malaysia Islamic Insurance Market Performance (2015-2020) 4.2.4 Takaful Malaysia Business Overview 4.3 Islamic Insurance Company 4.3.1 Islamic Insurance Company Basic Information 4.3.2 Islamic Insurance Product Profiles, Application and Specification 4.3.3 Islamic Insurance Company Islamic Insurance Market Performance (2015-2020) 4.3.4 Islamic Insurance Company Business Overview 4.4 Qatar Islamic Insurance Company 4.4.1 Qatar Islamic Insurance Company Basic Information 4.4.2 Islamic Insurance Product Profiles, Application and Specification 4.4.3 Qatar Islamic Insurance Company Islamic Insurance Market Performance (2015-2020) 4.4.4 Qatar Islamic Insurance Company Business Overview 4.5 Standard Chartered 4.5.1 Standard Chartered Basic Information 4.5.2 Islamic Insurance Product Profiles, Application and Specification 4.5.3 Standard Chartered Islamic Insurance Market Performance (2015-2020) 4.5.4 Standard Chartered Business Overview 4.6 Salama 4.6.1 Salama Basic Information 4.6.2 Islamic Insurance Product Profiles, Application and Specification 4.6.3 Salama Islamic Insurance Market Performance (2015-2020) 4.6.4 Salama Business Overview 4.7 Zurich Malaysia 4.7.1 Zurich Malaysia Basic Information 4.7.2 Islamic Insurance Product Profiles, Application and Specification 4.7.3 Zurich Malaysia Islamic Insurance Market Performance (2015-2020) 4.7.4 Zurich Malaysia Business Overview 4.8 Prudential BSN Takaful Berhad 4.8.1 Prudential BSN Takaful Berhad Basic Information 4.8.2 Islamic Insurance Product Profiles, Application and Specification 4.8.3 Prudential BSN Takaful Berhad Islamic Insurance Market Performance (2015-2020) 4.8.4 Prudential BSN Takaful Berhad Business Overview 4.9 JamaPunji 4.9.1 JamaPunji Basic Information 4.9.2 Islamic Insurance Product Profiles, Application and Specification 4.9.3 JamaPunji Islamic Insurance Market Performance (2015-2020) 4.9.4 JamaPunji Business Overview 4.10 AMAN 4.10.1 AMAN Basic Information 4.10.2 Islamic Insurance Product Profiles, Application and Specification 4.10.3 AMAN Islamic Insurance Market Performance (2015-2020) 4.10.4 AMAN Business Overview 4.11 Takaful Brunei Darussalam Sdn Bhd 4.11.1 Takaful Brunei Darussalam Sdn Bhd Basic Information 4.11.2 Islamic Insurance Product Profiles, Application and Specification 4.11.3 Takaful Brunei Darussalam Sdn Bhd Islamic Insurance Market Performance (2015-2020) 4.11.4 Takaful Brunei Darussalam Sdn Bhd Business Overview 5 Global Islamic Insurance Market Analysis by Regions 5.1 Global Islamic Insurance Sales, Revenue and Market Share by Regions 5.1.1 Global Islamic Insurance Sales by Regions (2015-2020) 5.1.2 Global Islamic Insurance Revenue by Regions (2015-2020) 5.2 North America Islamic Insurance Sales and Growth Rate (2015-2020) 5.3 Europe Islamic Insurance Sales and Growth Rate (2015-2020) 5.4 Asia-Pacific Islamic Insurance Sales and Growth Rate (2015-2020) 5.5 Middle East and Africa Islamic Insurance Sales and Growth Rate (2015-2020) 5.6 South America Islamic Insurance Sales and Growth Rate (2015-2020) 6 North America Islamic Insurance Market Analysis by Countries 6.1 North America Islamic Insurance Sales, Revenue and Market Share by Countries 6.1.1 North America Islamic Insurance Sales by Countries (2015-2020) 6.1.2 North America Islamic Insurance Revenue by Countries (2015-2020) 6.1.3 North America Islamic Insurance Market Under COVID-19 6.2 United States Islamic Insurance Sales and Growth Rate (2015-2020) 6.2.1 United States Islamic Insurance Market Under COVID-19 6.3 Canada Islamic Insurance Sales and Growth Rate (2015-2020) 6.4 Mexico Islamic Insurance Sales and Growth Rate (2015-2020) 7 Europe Islamic Insurance Market Analysis by Countries 7.1 Europe Islamic Insurance Sales, Revenue and Market Share by Countries 7.1.1 Europe Islamic Insurance Sales by Countries (2015-2020) 7.1.2 Europe Islamic Insurance Revenue by Countries (2015-2020) 7.1.3 Europe Islamic Insurance Market Under COVID-19 7.2 Germany Islamic Insurance Sales and Growth Rate (2015-2020) 7.2.1 Germany Islamic Insurance Market Under COVID-19 7.3 UK Islamic Insurance Sales and Growth Rate (2015-2020) 7.3.1 UK Islamic Insurance Market Under COVID-19 7.4 France Islamic Insurance Sales and Growth Rate (2015-2020) 7.4.1 France Islamic Insurance Market Under COVID-19 7.5 Italy Islamic Insurance Sales and Growth Rate (2015-2020) 7.5.1 Italy Islamic Insurance Market Under COVID-19 7.6 Spain Islamic Insurance Sales and Growth Rate (2015-2020) 7.6.1 Spain Islamic Insurance Market Under COVID-19 7.7 Russia Islamic Insurance Sales and Growth Rate (2015-2020) 7.7.1 Russia Islamic Insurance Market Under COVID-19 8 Asia-Pacific Islamic Insurance Market Analysis by Countries 8.1 Asia-Pacific Islamic Insurance Sales, Revenue and Market Share by Countries 8.1.1 Asia-Pacific Islamic Insurance Sales by Countries (2015-2020) 8.1.2 Asia-Pacific Islamic Insurance Revenue by Countries (2015-2020) 8.1.3 Asia-Pacific Islamic Insurance Market Under COVID-19 8.2 China Islamic Insurance Sales and Growth Rate (2015-2020) 8.2.1 China Islamic Insurance Market Under COVID-19 8.3 Japan Islamic Insurance Sales and Growth Rate (2015-2020) 8.3.1 Japan Islamic Insurance Market Under COVID-19 8.4 South Korea Islamic Insurance Sales and Growth Rate (2015-2020) 8.4.1 South Korea Islamic Insurance Market Under COVID-19 8.5 Australia Islamic Insurance Sales and Growth Rate (2015-2020) 8.6 India Islamic Insurance Sales and Growth Rate (2015-2020) 8.6.1 India Islamic Insurance Market Under COVID-19 8.7 Southeast Asia Islamic Insurance Sales and Growth Rate (2015-2020) 8.7.1 Southeast Asia Islamic Insurance Market Under COVID-19 9 Middle East and Africa Islamic Insurance Market Analysis by Countries 9.1 Middle East and Africa Islamic Insurance Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Islamic Insurance Sales by Countries (2015-2020) 9.1.2 Middle East and Africa Islamic Insurance Revenue by Countries (2015-2020) 9.1.3 Middle East and Africa Islamic Insurance Market Under COVID-19 9.2 Saudi Arabia Islamic Insurance Sales and Growth Rate (2015-2020) 9.3 UAE Islamic Insurance Sales and Growth Rate (2015-2020) 9.4 Egypt Islamic Insurance Sales and Growth Rate (2015-2020) 9.5 Nigeria Islamic Insurance Sales and Growth Rate (2015-2020) 9.6 South Africa Islamic Insurance Sales and Growth Rate (2015-2020) 10 South America Islamic Insurance Market Analysis by Countries 10.1 South America Islamic Insurance Sales, Revenue and Market Share by Countries 10.1.1 South America Islamic Insurance Sales by Countries (2015-2020) 10.1.2 South America Islamic Insurance Revenue by Countries (2015-2020) 10.1.3 South America Islamic Insurance Market Under COVID-19 10.2 Brazil Islamic Insurance Sales and Growth Rate (2015-2020) 10.2.1 Brazil Islamic Insurance Market Under COVID-19 10.3 Argentina Islamic Insurance Sales and Growth Rate (2015-2020) 10.4 Columbia Islamic Insurance Sales and Growth Rate (2015-2020) 10.5 Chile Islamic Insurance Sales and Growth Rate (2015-2020) 11 Global Islamic Insurance Market Segment by Types 11.1 Global Islamic Insurance Sales, Revenue and Market Share by Types (2015-2020) 11.1.1 Global Islamic Insurance Sales and Market Share by Types (2015-2020) 11.1.2 Global Islamic Insurance Revenue and Market Share by Types (2015-2020) 11.2 Life/Family, Takaful (Life Insurance) Sales and Price (2015-2020) 11.3 General, Takaful (Product Insurance) Sales and Price (2015-2020) 12 Global Islamic Insurance Market Segment by Applications 12.1 Global Islamic Insurance Sales, Revenue and Market Share by Applications (2015-2020) 12.1.1 Global Islamic Insurance Sales and Market Share by Applications (2015-2020) 12.1.2 Global Islamic Insurance Revenue and Market Share by Applications (2015-2020) 12.2 Family Sales, Revenue and Growth Rate (2015-2020) 12.3 Government Sales, Revenue and Growth Rate (2015-2020) 12.4 Business Sales, Revenue and Growth Rate (2015-2020) 13 Islamic Insurance Market Forecast by Regions (2020-2026) 13.1 Global Islamic Insurance Sales, Revenue and Growth Rate (2020-2026) 13.2 Islamic Insurance Market Forecast by Regions (2020-2026) 13.2.1 North America Islamic Insurance Market Forecast (2020-2026) 13.2.2 Europe Islamic Insurance Market Forecast (2020-2026) 13.2.3 Asia-Pacific Islamic Insurance Market Forecast (2020-2026) 13.2.4 Middle East and Africa Islamic Insurance Market Forecast (2020-2026) 13.2.5 South America Islamic Insurance Market Forecast (2020-2026) 13.3 Islamic Insurance Market Forecast by Types (2020-2026) 13.4 Islamic Insurance Market Forecast by Applications (2020-2026) 13.5 Islamic Insurance Market Forecast Under COVID-19 14 Appendix 14.1 Methodology 14.2 Research Data Source
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