The whole life insurance industry has been witnessing optimal growth in recent years and is likely to continue even in upcoming years. The growth of whole life 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 whole life insurance market in foreseeable future. An increase in the spending capacity of customers with the rise in disposable income will further contribute towards whole life insurance 's market proceeds.
This market research report is a comprehensive overview of the events taking place in the whole life insurance industry and impacting its growth. Our report divides the whole life 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 whole life 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 “Whole Life Insurance Market research report which is segmented by Products (Non-participating Whole Life, Participating Whole Life, Other), by Applications (Agency, Brokers, Bancassurance, Digital & Direct Channels), by Key Players/Companies CPIC, Aviva, Nippon Life Insurance, Zurich Financial Services, Legal & General, AIG, Prudential Financial, Travelers, Chubb, Dai-ichi Mutual Life Insurance, Berkshire Hathaway, Aegon, Swiss RE, AXA, AIA, Aflac, Prudential PLC, Sumitomo Life Insurance, Japan Post Holdings, Gerber Life Insurance, Manulife Financial, Munich Re Group, Allstate”. In 2020, the global whole life 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.
Request Free Sample| Report Attributes | Report Details |
|---|---|
| Report Title | Whole Life Insurance Market Research Report |
| By Products | Non-participating Whole Life, Participating Whole Life, Other |
| By Applications | Agency, Brokers, Bancassurance, Digital & Direct Channels |
| By Key Players | CPIC, Aviva, Nippon Life Insurance, Zurich Financial Services, Legal & General, AIG, Prudential Financial, Travelers, Chubb, Dai-ichi Mutual Life Insurance, Berkshire Hathaway, Aegon, Swiss RE, AXA, AIA, Aflac, Prudential PLC, Sumitomo Life Insurance, Japan Post Holdings, Gerber Life Insurance, Manulife Financial, Munich Re Group, Allstate |
| 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 | 104 |
| Customization Available | Yes, the report can be tailored to meet your specific requirements. |
Based on these findings, the global whole life 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, whole life insurance industry study report has included all major manufacturers and distributors operating in the whole life insurance market across all major regions.
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 whole life 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.
The key factors influencing the growth of the whole life 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.
The report delivers a critical assessment on the whole life insurance market by segmenting it based on Products, Applications, and region. All the segments and categories of the whole life 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 whole life insurance market is segmented into Non-participating Whole Life, Participating Whole Life, Other. Comprehensive qualitative and quantitative this segment analysis will be provided in the report from 2016 to 2028.
Based on Applications, market is divided into Agency, Brokers, Bancassurance, Digital & Direct Channels. A slew of business growth opportunities and dynamics affecting the different segments are analyzed and discussed in the report.
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 whole life 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.
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 whole life 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 whole life insurance market.
Some of the leading players profiled in the global whole life insurance market are,
The report segments of the global whole life insurance market are as follows:
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 whole life insurance . We interviewed them to get qualitative and quantitative data.
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 Whole Life Insurance Market Share by Type (2020-2026) 1.5.2 Non-participating Whole Life 1.5.3 Participating Whole Life 1.5.4 Other 1.6 Market by Application 1.6.1 Global Whole Life Insurance Market Share by Application (2020-2026) 1.6.2 Agency 1.6.3 Brokers 1.6.4 Bancassurance 1.6.5 Digital & Direct Channels 1.7 Whole Life 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 Whole Life 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 Whole Life Insurance Market 3.1 Value Chain Status 3.2 Whole Life Insurance Manufacturing Cost Structure Analysis 3.2.1 Production Process Analysis 3.2.2 Manufacturing Cost Structure of Whole Life Insurance 3.2.3 Labor Cost of Whole Life Insurance 3.2.3.1 Labor Cost of Whole Life 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 CPIC 4.1.1 CPIC Basic Information 4.1.2 Whole Life Insurance Product Profiles, Application and Specification 4.1.3 CPIC Whole Life Insurance Market Performance (2015-2020) 4.1.4 CPIC Business Overview 4.2 Aviva 4.2.1 Aviva Basic Information 4.2.2 Whole Life Insurance Product Profiles, Application and Specification 4.2.3 Aviva Whole Life Insurance Market Performance (2015-2020) 4.2.4 Aviva Business Overview 4.3 Nippon Life Insurance 4.3.1 Nippon Life Insurance Basic Information 4.3.2 Whole Life Insurance Product Profiles, Application and Specification 4.3.3 Nippon Life Insurance Whole Life Insurance Market Performance (2015-2020) 4.3.4 Nippon Life Insurance Business Overview 4.4 Zurich Financial Services 4.4.1 Zurich Financial Services Basic Information 4.4.2 Whole Life Insurance Product Profiles, Application and Specification 4.4.3 Zurich Financial Services Whole Life Insurance Market Performance (2015-2020) 4.4.4 Zurich Financial Services Business Overview 4.5 Legal & General 4.5.1 Legal & General Basic Information 4.5.2 Whole Life Insurance Product Profiles, Application and Specification 4.5.3 Legal & General Whole Life Insurance Market Performance (2015-2020) 4.5.4 Legal & General Business Overview 4.6 AIG 4.6.1 AIG Basic Information 4.6.2 Whole Life Insurance Product Profiles, Application and Specification 4.6.3 AIG Whole Life Insurance Market Performance (2015-2020) 4.6.4 AIG Business Overview 4.7 Prudential Financial 4.7.1 Prudential Financial Basic Information 4.7.2 Whole Life Insurance Product Profiles, Application and Specification 4.7.3 Prudential Financial Whole Life Insurance Market Performance (2015-2020) 4.7.4 Prudential Financial Business Overview 4.8 Travelers 4.8.1 Travelers Basic Information 4.8.2 Whole Life Insurance Product Profiles, Application and Specification 4.8.3 Travelers Whole Life Insurance Market Performance (2015-2020) 4.8.4 Travelers Business Overview 4.9 Chubb 4.9.1 Chubb Basic Information 4.9.2 Whole Life Insurance Product Profiles, Application and Specification 4.9.3 Chubb Whole Life Insurance Market Performance (2015-2020) 4.9.4 Chubb Business Overview 4.10 Dai-ichi Mutual Life Insurance 4.10.1 Dai-ichi Mutual Life Insurance Basic Information 4.10.2 Whole Life Insurance Product Profiles, Application and Specification 4.10.3 Dai-ichi Mutual Life Insurance Whole Life Insurance Market Performance (2015-2020) 4.10.4 Dai-ichi Mutual Life Insurance Business Overview 4.11 Berkshire Hathaway 4.11.1 Berkshire Hathaway Basic Information 4.11.2 Whole Life Insurance Product Profiles, Application and Specification 4.11.3 Berkshire Hathaway Whole Life Insurance Market Performance (2015-2020) 4.11.4 Berkshire Hathaway Business Overview 4.12 Aegon 4.12.1 Aegon Basic Information 4.12.2 Whole Life Insurance Product Profiles, Application and Specification 4.12.3 Aegon Whole Life Insurance Market Performance (2015-2020) 4.12.4 Aegon Business Overview 4.13 Swiss RE 4.13.1 Swiss RE Basic Information 4.13.2 Whole Life Insurance Product Profiles, Application and Specification 4.13.3 Swiss RE Whole Life Insurance Market Performance (2015-2020) 4.13.4 Swiss RE Business Overview 4.14 AXA 4.14.1 AXA Basic Information 4.14.2 Whole Life Insurance Product Profiles, Application and Specification 4.14.3 AXA Whole Life Insurance Market Performance (2015-2020) 4.14.4 AXA Business Overview 4.15 AIA 4.15.1 AIA Basic Information 4.15.2 Whole Life Insurance Product Profiles, Application and Specification 4.15.3 AIA Whole Life Insurance Market Performance (2015-2020) 4.15.4 AIA Business Overview 4.16 Aflac 4.16.1 Aflac Basic Information 4.16.2 Whole Life Insurance Product Profiles, Application and Specification 4.16.3 Aflac Whole Life Insurance Market Performance (2015-2020) 4.16.4 Aflac Business Overview 4.17 Prudential PLC 4.17.1 Prudential PLC Basic Information 4.17.2 Whole Life Insurance Product Profiles, Application and Specification 4.17.3 Prudential PLC Whole Life Insurance Market Performance (2015-2020) 4.17.4 Prudential PLC Business Overview 4.18 Sumitomo Life Insurance 4.18.1 Sumitomo Life Insurance Basic Information 4.18.2 Whole Life Insurance Product Profiles, Application and Specification 4.18.3 Sumitomo Life Insurance Whole Life Insurance Market Performance (2015-2020) 4.18.4 Sumitomo Life Insurance Business Overview 4.19 Japan Post Holdings 4.19.1 Japan Post Holdings Basic Information 4.19.2 Whole Life Insurance Product Profiles, Application and Specification 4.19.3 Japan Post Holdings Whole Life Insurance Market Performance (2015-2020) 4.19.4 Japan Post Holdings Business Overview 4.20 Gerber Life Insurance 4.20.1 Gerber Life Insurance Basic Information 4.20.2 Whole Life Insurance Product Profiles, Application and Specification 4.20.3 Gerber Life Insurance Whole Life Insurance Market Performance (2015-2020) 4.20.4 Gerber Life Insurance Business Overview 4.21 Manulife Financial 4.21.1 Manulife Financial Basic Information 4.21.2 Whole Life Insurance Product Profiles, Application and Specification 4.21.3 Manulife Financial Whole Life Insurance Market Performance (2015-2020) 4.21.4 Manulife Financial Business Overview 4.22 Munich Re Group 4.22.1 Munich Re Group Basic Information 4.22.2 Whole Life Insurance Product Profiles, Application and Specification 4.22.3 Munich Re Group Whole Life Insurance Market Performance (2015-2020) 4.22.4 Munich Re Group Business Overview 4.23 Allstate 4.23.1 Allstate Basic Information 4.23.2 Whole Life Insurance Product Profiles, Application and Specification 4.23.3 Allstate Whole Life Insurance Market Performance (2015-2020) 4.23.4 Allstate Business Overview 5 Global Whole Life Insurance Market Analysis by Regions 5.1 Global Whole Life Insurance Sales, Revenue and Market Share by Regions 5.1.1 Global Whole Life Insurance Sales by Regions (2015-2020) 5.1.2 Global Whole Life Insurance Revenue by Regions (2015-2020) 5.2 North America Whole Life Insurance Sales and Growth Rate (2015-2020) 5.3 Europe Whole Life Insurance Sales and Growth Rate (2015-2020) 5.4 Asia-Pacific Whole Life Insurance Sales and Growth Rate (2015-2020) 5.5 Middle East and Africa Whole Life Insurance Sales and Growth Rate (2015-2020) 5.6 South America Whole Life Insurance Sales and Growth Rate (2015-2020) 6 North America Whole Life Insurance Market Analysis by Countries 6.1 North America Whole Life Insurance Sales, Revenue and Market Share by Countries 6.1.1 North America Whole Life Insurance Sales by Countries (2015-2020) 6.1.2 North America Whole Life Insurance Revenue by Countries (2015-2020) 6.1.3 North America Whole Life Insurance Market Under COVID-19 6.2 United States Whole Life Insurance Sales and Growth Rate (2015-2020) 6.2.1 United States Whole Life Insurance Market Under COVID-19 6.3 Canada Whole Life Insurance Sales and Growth Rate (2015-2020) 6.4 Mexico Whole Life Insurance Sales and Growth Rate (2015-2020) 7 Europe Whole Life Insurance Market Analysis by Countries 7.1 Europe Whole Life Insurance Sales, Revenue and Market Share by Countries 7.1.1 Europe Whole Life Insurance Sales by Countries (2015-2020) 7.1.2 Europe Whole Life Insurance Revenue by Countries (2015-2020) 7.1.3 Europe Whole Life Insurance Market Under COVID-19 7.2 Germany Whole Life Insurance Sales and Growth Rate (2015-2020) 7.2.1 Germany Whole Life Insurance Market Under COVID-19 7.3 UK Whole Life Insurance Sales and Growth Rate (2015-2020) 7.3.1 UK Whole Life Insurance Market Under COVID-19 7.4 France Whole Life Insurance Sales and Growth Rate (2015-2020) 7.4.1 France Whole Life Insurance Market Under COVID-19 7.5 Italy Whole Life Insurance Sales and Growth Rate (2015-2020) 7.5.1 Italy Whole Life Insurance Market Under COVID-19 7.6 Spain Whole Life Insurance Sales and Growth Rate (2015-2020) 7.6.1 Spain Whole Life Insurance Market Under COVID-19 7.7 Russia Whole Life Insurance Sales and Growth Rate (2015-2020) 7.7.1 Russia Whole Life Insurance Market Under COVID-19 8 Asia-Pacific Whole Life Insurance Market Analysis by Countries 8.1 Asia-Pacific Whole Life Insurance Sales, Revenue and Market Share by Countries 8.1.1 Asia-Pacific Whole Life Insurance Sales by Countries (2015-2020) 8.1.2 Asia-Pacific Whole Life Insurance Revenue by Countries (2015-2020) 8.1.3 Asia-Pacific Whole Life Insurance Market Under COVID-19 8.2 China Whole Life Insurance Sales and Growth Rate (2015-2020) 8.2.1 China Whole Life Insurance Market Under COVID-19 8.3 Japan Whole Life Insurance Sales and Growth Rate (2015-2020) 8.3.1 Japan Whole Life Insurance Market Under COVID-19 8.4 South Korea Whole Life Insurance Sales and Growth Rate (2015-2020) 8.4.1 South Korea Whole Life Insurance Market Under COVID-19 8.5 Australia Whole Life Insurance Sales and Growth Rate (2015-2020) 8.6 India Whole Life Insurance Sales and Growth Rate (2015-2020) 8.6.1 India Whole Life Insurance Market Under COVID-19 8.7 Southeast Asia Whole Life Insurance Sales and Growth Rate (2015-2020) 8.7.1 Southeast Asia Whole Life Insurance Market Under COVID-19 9 Middle East and Africa Whole Life Insurance Market Analysis by Countries 9.1 Middle East and Africa Whole Life Insurance Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Whole Life Insurance Sales by Countries (2015-2020) 9.1.2 Middle East and Africa Whole Life Insurance Revenue by Countries (2015-2020) 9.1.3 Middle East and Africa Whole Life Insurance Market Under COVID-19 9.2 Saudi Arabia Whole Life Insurance Sales and Growth Rate (2015-2020) 9.3 UAE Whole Life Insurance Sales and Growth Rate (2015-2020) 9.4 Egypt Whole Life Insurance Sales and Growth Rate (2015-2020) 9.5 Nigeria Whole Life Insurance Sales and Growth Rate (2015-2020) 9.6 South Africa Whole Life Insurance Sales and Growth Rate (2015-2020) 10 South America Whole Life Insurance Market Analysis by Countries 10.1 South America Whole Life Insurance Sales, Revenue and Market Share by Countries 10.1.1 South America Whole Life Insurance Sales by Countries (2015-2020) 10.1.2 South America Whole Life Insurance Revenue by Countries (2015-2020) 10.1.3 South America Whole Life Insurance Market Under COVID-19 10.2 Brazil Whole Life Insurance Sales and Growth Rate (2015-2020) 10.2.1 Brazil Whole Life Insurance Market Under COVID-19 10.3 Argentina Whole Life Insurance Sales and Growth Rate (2015-2020) 10.4 Columbia Whole Life Insurance Sales and Growth Rate (2015-2020) 10.5 Chile Whole Life Insurance Sales and Growth Rate (2015-2020) 11 Global Whole Life Insurance Market Segment by Types 11.1 Global Whole Life Insurance Sales, Revenue and Market Share by Types (2015-2020) 11.1.1 Global Whole Life Insurance Sales and Market Share by Types (2015-2020) 11.1.2 Global Whole Life Insurance Revenue and Market Share by Types (2015-2020) 11.2 Non-participating Whole Life Sales and Price (2015-2020) 11.3 Participating Whole Life Sales and Price (2015-2020) 11.4 Other Sales and Price (2015-2020) 12 Global Whole Life Insurance Market Segment by Applications 12.1 Global Whole Life Insurance Sales, Revenue and Market Share by Applications (2015-2020) 12.1.1 Global Whole Life Insurance Sales and Market Share by Applications (2015-2020) 12.1.2 Global Whole Life Insurance Revenue and Market Share by Applications (2015-2020) 12.2 Agency Sales, Revenue and Growth Rate (2015-2020) 12.3 Brokers Sales, Revenue and Growth Rate (2015-2020) 12.4 Bancassurance Sales, Revenue and Growth Rate (2015-2020) 12.5 Digital & Direct Channels Sales, Revenue and Growth Rate (2015-2020) 13 Whole Life Insurance Market Forecast by Regions (2020-2026) 13.1 Global Whole Life Insurance Sales, Revenue and Growth Rate (2020-2026) 13.2 Whole Life Insurance Market Forecast by Regions (2020-2026) 13.2.1 North America Whole Life Insurance Market Forecast (2020-2026) 13.2.2 Europe Whole Life Insurance Market Forecast (2020-2026) 13.2.3 Asia-Pacific Whole Life Insurance Market Forecast (2020-2026) 13.2.4 Middle East and Africa Whole Life Insurance Market Forecast (2020-2026) 13.2.5 South America Whole Life Insurance Market Forecast (2020-2026) 13.3 Whole Life Insurance Market Forecast by Types (2020-2026) 13.4 Whole Life Insurance Market Forecast by Applications (2020-2026) 13.5 Whole Life Insurance Market Forecast Under COVID-19 14 Appendix 14.1 Methodology 14.2 Research Data Source
Whole Life Insurance
Whole Life Insurance
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