Global B2B2C Insurance Market Trends And Strategies Of Major Players In The B2B2C Insurance Market 2021-2030
6 Aug, 2021
The B2B2C insurance market consists of sales of B2B2C insurance services by entities (organizations, sole traders, and partnerships) that are engaged in providing both life insurance and general insurance services. Business-to-business-to-consumer insurance applies to the sale of life and general insurance products and services through non-insurance mediators other than traditional insurance intermediaries such as brokers, independent financial advisors, and agents. It also includes the direct sale of insurance to consumers.
Global B2B2C Insurance Market Size And Drivers:
The global B2B2C Insurance market is expected to grow from $3.06 billion in 2020 to $3.27 billion in 2021 at a compound annual growth rate (CAGR) of 6.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The B2B2C insurance market is expected to reach $4.18 billion in 2025 at a CAGR of 6.4%. The expansion of the automobile industry is expected to propel the growth of the B2B2C insurance market in the coming years.
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Trends In The Global B2B2C Insurance Market
The launch of innovative programs to expand the insurance industry is shaping the B2B2C insurance market. Major companies operating in the B2B2C insurance sector are focusing on launching innovative programs to create solutions by leveraging new-age technologies.
Global B2B2C Insurance Market Segments:
The global B2B2C insurance market is further segmented based on type, distribution channel, end use industry and geography.
By Type: Life Insurance, Non-Life Insurance
By Distribution Channel: Online, Offline
By End Use Industry: Bank And Financial Institutions, Automotive, Utilities, Retailers, Telecom, Others
By Geography: The global B2B2C insurance market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the B2B2C insurance market in 2020
Read More On The Report For The Global B2B2C Insurance Market At:https://www.thebusinessresearchcompany.com/report/b2b2c-insurance-global-market-report
B2B2C Insurance Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides B2B2C insurance market overviews, analyzes and forecasts market size and growth for the global B2B2C insurance market, B2B2C insurance market share, B2B2C insurance market players, B2B2C insurance market segments and geographies, B2B2C insurance market’s leading competitors’ revenues, profiles and market shares. The B2B2C insurance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.