The microinsurance market size was estimated at US$ 72.88 billion in 2022 it is predicted to grow at a CAGR of 6.72% from 2023 to 2032 to reach around US$ 139.66 billion by the end of 2032.
The microinsurance market report offers an exclusive study of the present state expected at the market dynamics, opportunities, market scheme, growth analysis and regional outlook. The report presents energetic visions to conclude and study the market size, market aspiration, and competitive environment. The research also focuses on the important achievements of the market, research & development, and regional (country by country) growth of the leading vendors operating in the market
The study offers intricate dynamics about different aspects of the global microinsurance market, which aids companies operating in the market in making strategies development decisions. The study also elaborates on remarkable changes that are highly anticipated to configure growth of the global microinsurance market during the forecast period. It also includes a key indicator analysis that highlights growth prospects of this market and approximate statistics related to growth of the market in terms of value (US$ Bn) and volume (tons).
Sample Link @ https://www.visionresearchreports.com/report/sample/40269
Report Scope of the Microinsurance Market
| Report Coverage | Details |
| Revenue Share of Asia Pacific in 2022 | 31.05% |
| Revenue Forecast by 2032 | USD 139.66 billion |
| Growth rate from 2023 to 2032 | CAGR of 6.72% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | The Hollard Insurance Company; afpgen.com.ph; American International Group, Inc.; Bharti AXA Life Insurance Company Ltd.; SBI Life Insurance Company Ltd.; ICICI Prudential Life Insurance Co. Ltd.; Banco do Nordeste Brasil S.A.; Climbs; Allianz SE; Bajaj Allianz Life Insurance Co. Ltd. |
This study covers an elaborate segmentation of the global microinsurance market, along with important information and a competition outlook. The report mentions company profiles of players that are currently influence the global microinsurance market, wherein various developments, expansions, and winning strategies practiced and execute by leading players have been presented in detail.
Microinsurance Market Segmentations:
By Provider
- Microinsurance (Commercially Viable)
- Microinsurance Through Aid/Government Support
By Model Type
- Partner Agent Model
- Full-Service Model
- Provider Driven Model
- Others
By Product Type
- Life Insurance
- Health Insurance
- Property Insurance
- Others
By Distribution Channel
- Direct Sales
- Financial Institutions
- Digital Channels
- Others
By End Use
- Business
- Personal
By Regional
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Asia Pacific
- China
- India
- South Korea
- Japan
- Philippines
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Kingdom of Saudi Arabia (KSA)
- UAE
- South Africa
Research Methodology
The research methodology acquire by analysts for assemble the global microinsurance market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts study numerous annual report declaration, white papers, market association declaration, and company websites to obtain the necessary understanding of the global microinsurance market.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Microinsurance Market
5.1. COVID-19 Landscape: Microinsurance Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Microinsurance Market, By Provider
8.1. Microinsurance Market, by Provider, 2023-2032
8.1.1. Microinsurance (Commercially Viable)
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Microinsurance Through Aid/Government Support
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Microinsurance Market, By Model Type
9.1. Microinsurance Market, by Model Type, 2023-2032
9.1.1. Partner Agent Model
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Full-Service Model
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Provider Driven Model
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Microinsurance Market, By Product Type
10.1. Microinsurance Market, by Product Type, 2023-2032
10.1.1. Life Insurance
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Health Insurance
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Property Insurance
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Microinsurance Market, By Distribution Channel
11.1. Microinsurance Market, by Distribution Channel, 2023-2032
11.1.1. Direct Sales
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Financial Institutions
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Digital Channels
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. Others
11.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Microinsurance Market, By End Use
12.1. Microinsurance Market, by End Use, 2023-2032
12.1.1. Business
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Personal
12.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global Microinsurance Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Provider (2020-2032)
13.1.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.1.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.1.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.1.5. Market Revenue and Forecast, by End Use (2020-2032)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Provider (2020-2032)
13.1.6.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.1.6.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.1.6.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.1.7. Market Revenue and Forecast, by End Use (2020-2032)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Provider (2020-2032)
13.1.8.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.1.8.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.1.8.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.1.8.5. Market Revenue and Forecast, by End Use (2020-2032)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Provider (2020-2032)
13.2.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.2.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.2.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.2.5. Market Revenue and Forecast, by End Use (2020-2032)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Provider (2020-2032)
13.2.6.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.2.6.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.2.7. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.2.8. Market Revenue and Forecast, by End Use (2020-2032)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Provider (2020-2032)
13.2.9.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.2.9.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.2.10. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.2.11. Market Revenue and Forecast, by End Use (2020-2032)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Provider (2020-2032)
13.2.12.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.2.12.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.2.12.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.2.13. Market Revenue and Forecast, by End Use (2020-2032)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Provider (2020-2032)
13.2.14.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.2.14.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.2.14.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.2.15. Market Revenue and Forecast, by End Use (2020-2032)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Provider (2020-2032)
13.3.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.3.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.3.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.3.5. Market Revenue and Forecast, by End Use (2020-2032)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Provider (2020-2032)
13.3.6.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.3.6.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.3.6.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.3.7. Market Revenue and Forecast, by End Use (2020-2032)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Provider (2020-2032)
13.3.8.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.3.8.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.3.8.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.3.9. Market Revenue and Forecast, by End Use (2020-2032)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Provider (2020-2032)
13.3.10.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.3.10.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.3.10.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.3.10.5. Market Revenue and Forecast, by End Use (2020-2032)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Provider (2020-2032)
13.3.11.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.3.11.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.3.11.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.3.11.5. Market Revenue and Forecast, by End Use (2020-2032)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Provider (2020-2032)
13.4.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.4.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.4.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.4.5. Market Revenue and Forecast, by End Use (2020-2032)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Provider (2020-2032)
13.4.6.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.4.6.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.4.6.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.4.7. Market Revenue and Forecast, by End Use (2020-2032)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Provider (2020-2032)
13.4.8.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.4.8.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.4.8.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.4.9. Market Revenue and Forecast, by End Use (2020-2032)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Provider (2020-2032)
13.4.10.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.4.10.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.4.10.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.4.10.5. Market Revenue and Forecast, by End Use (2020-2032)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Provider (2020-2032)
13.4.11.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.4.11.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.4.11.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.4.11.5. Market Revenue and Forecast, by End Use (2020-2032)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Provider (2020-2032)
13.5.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.5.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.5.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.5.5. Market Revenue and Forecast, by End Use (2020-2032)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Provider (2020-2032)
13.5.6.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.5.6.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.5.6.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.5.7. Market Revenue and Forecast, by End Use (2020-2032)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Provider (2020-2032)
13.5.8.2. Market Revenue and Forecast, by Model Type (2020-2032)
13.5.8.3. Market Revenue and Forecast, by Product Type (2020-2032)
13.5.8.4. Market Revenue and Forecast, by Distribution Channel (2020-2032)
13.5.8.5. Market Revenue and Forecast, by End Use (2020-2032)
Chapter 14. Company Profiles
14.1. The Hollard Insurance Company
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. afpgen.com.ph
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. American International Group, Inc.
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Bharti AXA Life Insurance Company Ltd.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. SBI Life Insurance Company Ltd.
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. ICICI Prudential Life Insurance Co. Ltd.
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Banco do Nordeste Brasil S.A.
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Climbs
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Allianz SE
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Bajaj Allianz Life Insurance Co. Ltd.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
Contact Us:
Vision Research Reports
Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
Call: +1 774 402 6168