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Equity Indexed Life Insurance Global Market Report 2019

Starting Price : $ 4000.00 | Pages : 200 | Published : December 2019 | 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
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