Global Equity Indexed Life Insurance Market 2019 Report

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Equity Indexed Life Insurance Global Market Report 2020

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Starting Price : $ 4000.00 | Pages : 200 | Published : January 2020 | SKU CODE : 7077 | Format :

The equity indexed life insurance market consists of sales of equity indexed life insurance that focuses on building a cash value which can be borrowed against or invested and used to cover increases in the cost of the insurance. This results in the elimination of premium payments. Equity-indexed life insurance offers flexibility on the amount of premiums and a cash value which can provide gains equal to that of the stock market.

The global equity indexed life insurance market was valued at about $2.1 billion in 2018 and is expected to grow to $3.33 billion at a CAGR of 12.3% through 2022.

The equity indexed life insurance market has been geographically segmented into North America, Western Europe, APAC, Eastern Europe, South America and Middle East & Africa. The North American market is the largest market for equity indexed life insurance and is expected to continue to be the largest market during the forecast period.

The economic growth in the emerging markets drives the equity indexed life insurance market with the economies being exposed to external cyclical factors. Improving global economies, and a positive scenario in interest rates will continue to impact the market positively. For instance, the report by sigma in 2019 shows that the seven largest emerging markets will contribute around 42% of global growth, with China alone contributing 27%. This growth will drive the need to cover businesses with insurances and thereby contribute to the growth of the market.

The equity indexed life insurance market is being restrained by a low awareness about life insurance, which also includes equity indexed life insurance. This results in a fewer number of people buying equity indexed life insurance. For instance, according to a report by Insurance Regulatory and Development Authority conducted in 2016, the life insurance penetration in India was just 3.69%. The complexity of equity indexed life insurance results in even lesser awareness about the product. Even though the awareness levels are increasing recently, they are still very low in some regions, thus restraining the market. Poor advice, wrong information and lack of understanding has a negative influence on the market.

Companies in the equity indexed life insurance market are undergoing transformation through automation of insurance activities. According to a report by McKinsey, about a quarter of full time positions in the insurance industry will be replaced by automation in the next 10 years, due to a higher efficiency and error free tasks possible through automation. The positions that will be replaced include those of IT, operations, administrative support and sales support. For instance, a Scandinavian insurance company has rigorously transformed the claims handling process by the use of automation. In another instance, Haven Life, a life insurance company, has used digital technology for offering life insurance quickly and at a low cost. The company has achieved this through an online application process that needs a maximum of 20 minutes to make an instant decision on term coverage up to $1 million.

Major players in the market are Allianz, AXA Equitable, Ping An Insurance, China Life Insurance and Pacific Life.

1. Executive Summary

2. Equity Indexed Life Insurance Market Characteristics

3. Equity Indexed Life Insurance Market Size And Growth

3.1. Global Equity Indexed Life Insurance Historic Market, 2014 - 2018, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Equity Indexed Life Insurance Forecast Market, 2018 - 2022F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Equity Indexed Life Insurance Market Segmentation

4.1. Global Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Agency

Brokers

Bancassurance

Digital and Direct Channels

5. Equity Indexed Life Insurance Market Regional And Country Analysis

5.1. Global Equity Indexed Life Insurance Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

5.2. Global Equity Indexed Life Insurance Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

6. Asia-Pacific Equity Indexed Life Insurance Market

6.1. Asia-Pacific Equity Indexed Life Insurance Market Overview

6.2. Asia-Pacific Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

7. China Equity Indexed Life Insurance Market

7.1. China Equity Indexed Life Insurance Market Overview

7.2. China Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F,$ Billion

8. India Equity Indexed Life Insurance Market

8.1. India Equity Indexed Life Insurance Market Overview

8.2. India Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

9. Japan Equity Indexed Life Insurance Market

9.1. Japan Equity Indexed Life Insurance Market Overview

9.2. Japan Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

10. Australia Equity Indexed Life Insurance Market

10.1. Australia Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

11. Indonesia Equity Indexed Life Insurance Market

11.1. Indonesia Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

12. South Korea Equity Indexed Life Insurance Market

12.1. South Korea Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

13. Western Europe Equity Indexed Life Insurance Market

13.1. Western Europe Equity Indexed Life Insurance Market Overview

13.2. Western Europe Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

14. UK Equity Indexed Life Insurance Market

14.1. UK Equity Indexed Life Insurance Market Overview

14.2. UK Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

15. Germany Equity Indexed Life Insurance Market

15.1. Germany Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

16. France Equity Indexed Life Insurance Market

16.3. France Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

17. Eastern Europe Equity Indexed Life Insurance Market

17.1. Eastern Europe Equity Indexed Life Insurance Market Overview

17.2. Eastern Europe Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

18. Russia Equity Indexed Life Insurance Market

18.1. Russia Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

19. North America Equity Indexed Life Insurance Market

19.1. North America Equity Indexed Life Insurance Market Overview

19.2. North America Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

20. USA Equity Indexed Life Insurance Market

20.1. USA Equity Indexed Life Insurance Market Overview

20.2. USA Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

21. South America Equity Indexed Life Insurance Market

21.1. South America Equity Indexed Life Insurance Market Overview

21.2. South America Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

22. Brazil Equity Indexed Life Insurance Market

22.1. Brazil Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

23. Middle East Equity Indexed Life Insurance Market

23.1. Middle East Equity Indexed Life Insurance Market Overview

23.2. Middle East Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

24. Africa Equity Indexed Life Insurance Market

24.1. Africa Equity Indexed Life Insurance Market Overview

24.2. Africa Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

25. Equity Indexed Life Insurance Market Competitive Landscape And Company Profiles

25.1. Equity Indexed Life Insurance Market Competitive Landscape

25.2. Equity Indexed Life Insurance Market Company Profiles

25.2.1. Allianz

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. AXA Equitable

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Ping An Insurance

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. China Life Insurance

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Pacific Life

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Equity Indexed Life Insurance Market

27. Equity Indexed Life Insurance Market Trends And Strategies

28. Equity Indexed Life Insurance Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2014-2018, $ Billion

Table 2: Global Forecast Market Growth, 2014-2022F, 2025F, 2030F, $ Billion

Table 3: Global Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 4: Global Equity Indexed Life Insurance Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 5: Global Equity Indexed Life Insurance Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 6: Asia-Pacific, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 7: China, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 8: India, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 9: Japan, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 10: Australia, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 11: Indonesia, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 12: South Korea, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 13: Western Europe, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 14: UK, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 15: Germany, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 16: France, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 17: Eastern Europe, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 18: Russia, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 19: North America, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 20: USA, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 21: South America, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 22: Brazil, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 23: Middle East, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 24: Africa, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Table 25: Allianz Financial Performance

Table 26: AXA Equitable Financial Performance

Table 27: Ping An Insurance Financial Performance

Table 28: China Life Insurance Financial Performance

Table 29: Pacific Life Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2014-2018, $ Billion

Figure 2: Global Forecast Market Growth, 2014-2022F, 2025F, 2030F, $ Billion

Figure 3: Global Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 4: Global Equity Indexed Life Insurance Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 5: Global Equity Indexed Life Insurance Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 6: Asia-Pacific, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 7: China, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 8: India, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 9: Japan, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 10: Australia, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 11: Indonesia, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 12: South Korea, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 13: Western Europe, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 14: UK, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 15: Germany, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 16: France, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 17: Eastern Europe, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 18: Russia, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 19: North America, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 20: USA, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 21: South America, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 22: Brazil, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 23: Middle East, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 24: Africa, Equity Indexed Life Insurance Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Figure 25: Allianz Financial Performance

Figure 26: AXA Equitable Financial Performance

Figure 27: Ping An Insurance Financial Performance

Figure 28: China Life Insurance Financial Performance

Figure 29: Pacific Life Financial Performance