Overview

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Life & Health Insurance Carriers global market research report offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
Anthem $x.xlock
MetLife $x.xlock
Prudential Financial $x.xlock
UnitedHealth Group $x.xlock
Industry Statistics & Market Size
Revenue
$4tr
Annual Growth
2011 - 2016
2.6%
Annual Growth
2016 - 2021
Profit
Employment ('000)
3,217
Business
45,808

Industry Threats & Opportunities

  • Improving employment and disposable income levels will drive demand for insurance
  • Emerging markets will drive increasing premiums, after regulatory charges stifled growth
  • Merger and acquisition activity is expected to intensify as insurers offload businesses
  • Industry Analysis & Industry Trends

    The financial collapse and subsequent recession damaged industry revenue through declines in investment income and policy lapses. However, these trends have largely reversed in recent years, and revenue for the Global Life and Health Insurance Carriers industry has grown. Conditions are expected to continue improving over the next five years, as rises in disposable income levels drive demand for insurance...

    Industry SWOT Analysis

    The Global Life and Health Insurance Carriers industry is in the mature stage of its economic life cycle; this stage is characterized by wholehearted market acceptance of industry products and a slowdown in industry-specific technological advancement and product innovation. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 3.0% during the 10 years to 2021. Likewise, world GDP is projected to grow at an annualized rate of 2.7% during the same period. Typically, an industry is considered to be in the mature stage of its economic life cycle when growth in IVA trends with GDP growth over a 10-year period.

    ..

    Additional Insights for the Global Life & Health Insurance Carriers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Life & Health Insurance Carriers Industry are

  • Financial position of the company
  • Must comply with government regulations
  • Ability to raise revenue from additional sources
  • IBISWorld analysts also discuss how external factors such as Global unemployment rate and Per capita healthcare expenditure of OECD countries in the Global Life & Health Insurance Carriers industry impact industry performance..

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    Industry Products

    What is the Global Life & Health Insurance Carriers Industry?

    Insurers in this industry directly underwrite insurance policies relating to life, health, accident and medical risks. Underwriting insurance policies involves assuming risks and assigning premiums. Life and health insurers generate revenue, not only through the specific activity of insurance underwriting, but also by investing premiums and annuity contracts. The industry excludes social health insurance programs that are established and funded by governments.

    Industry Products
    Health and medical insurance and pharmacy benefit management
    Deferred and immediate annuities
    Life insurance
    Industry Activities
    Underwriting annuities and life insurance policies
    Underwriting accidental death and dismemberment insurance policies
    Underwriting health and medical insurance policies
    Underwriting disability income insurance policies
    Investing insurance premiums earned in assuming risk

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Global unemployment rate
  • Per capita healthcare expenditure of OECD countries
  • Global number of adults aged 35 to 64
  • MSCI World Index
  • Global government expenditure

  • Current Performance
  • Shifting landscape
  • Regional trends
  • Population dynamics
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry activity
  • Retirement planning
  • Regional analysis
  • Table: Global Life & Health Insurance Carriers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Life & Health Insurance Carriers Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Global Consumers

  • Key Selling Industries
  • Global Insurance Brokers & Agencies
  • Global Reinsurance Carriers

  • Products & Services
  • Health and medical insurance and pharmacy benefit management
  • Deferred and immediate annuities
  • Life insurance
  • Other
  • Chart: Global Life & Health Insurance Carriers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Corporations
  • Private individuals
  • Governments
  • Chart: Major Market Segmentation for the Global Life & Health Insurance Carriers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Benefit payments
  • Wages and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Global Life & Health Insurance Carriers

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Life & Health Insurance Carriers Industry

  • Industry Globalization
    Major Companies
    UnitedHealth GroupAnthem Insurance Companies Inc.MetLife Inc.Prudential Financial Inc.
  • Table: UnitedHealth Group - financial performance
  • Table: Anthem Insurance Companies Inc. - financial performance
  • Table: MetLife Inc. - financial performance
  • Table: Prudential Financial Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Global Life & Health Insurance Carriers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Global Life & Health Insurance Carriers Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • MSCI World Index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Beneficiaries
  • The individuals named in a life insurance policy as the recipients of policy payments.
  • Deductible
  • The initial amount a policyholder must spend before being eligible for healthcare benefits.
  • Density
  • A measure of the per capita expenditure on a particular good or service. In the case of life insurance, it is per capita expenditure on life insurance policies.
  • Penetration
  • The aggregate expenditure on a good or service as a percentage of GDP. In the case of life insurance, it is life insurance premiums as a percentage of GDP.
  • Premium
  • The amount of money paid to acquire a certain level of insurance coverage for a specified period of time.
  • Underwriting
  • The process of measuring risk and determining the premium that needs to be paid to insure that risk.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Life & Health Insurance Carriers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Life & Health Insurance Carriers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Life & Health Insurance Carriers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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