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45% of Growth to Originate from APAC for Microinsurance Market | Evolving Opportunities with Al Amana Microfinance & Banco do Nordeste |17000+ Technavio Reports

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Dec 07, 2021, 05:00 ET

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NEW YORK, Dec. 7, 2021 /PRNewswire/ -- 45% of the market's growth will originate from APAC for Microinsurance Market. China, Japan, and India are the key markets for microinsurance in the region. Market growth in APAC will be faster than the growth of the market in other regions. Growing economies, high penetration of insurance, and a burgeoning middle-class population will facilitate the microinsurance market growth in APAC over the forecast period. The global microinsurance market is expected to grow by USD 30.44 billion from 2020 to 2025, at a CAGR of 7.40% as per the latest report by Technavio.

Attractive Opportunities in Microinsurance Market by Type and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Microinsurance Market by Type and Geography - Forecast and Analysis 2021-2025

For more insights on the Microinsurance Market- View a FREE sample report in MINUTES

Read the 120-page report with TOC on "Microinsurance Market Analysis Report by Type (property insurance, health insurance, life insurance, index insurance, and others) and Geography (APAC, North America, Europe, South America, and MEA), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/microinsurance-market-industry-analysis

The microinsurance market is driven by the increasing demand for insurance policies. However,  factors such as data privacy and security concerns may impede the market growth.  The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Some of key Microinsurance Players:

The microinsurance market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

  • Al Amana Microfinance
  • Banco do Nordeste
  • Bandhan Bank Ltd.
  • Bank of America Corp.
  • Citigroup Inc.
  • Fundacion Microfinanzas BBVA
  • JPMorgan Chase and Co.
  • Life Insurance Corp. of India
  • Micro Insurance
  • Milliman Inc.

Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually!

Microinsurance Market Type Outlook (Revenue, USD bn, 2020-2025)

  • Property insurance - size and forecast 2020-2025
  • Health insurance - size and forecast 2020-2025
  • Life insurance - size and forecast 2020-2025
  • Index insurance - size and forecast 2020-2025
  • Others - size and forecast 2020-2025

Microinsurance Market Geography Outlook (Revenue, USD bn, 2020-2025)

  • APAC - size and forecast 2020-2025
  • North America - size and forecast 2020-2025
  • Europe - size and forecast 2020-2025
  • South America - size and forecast 2020-2025
  • MEA - size and forecast 2020-2025

For additional information on segmentation -Grab an Exclusive Sample Report

Related Reports:
Insurance Market in Japan -The insurance market share in Japan is expected to increase by USD 42.62 billion from 2021 to 2026, and the market's growth momentum will decelerate at a CAGR of 2.42%.  Download a free sample now!

Marine Insurance Market -The marine insurance market has the potential to grow by USD 4.20 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 3.03%. Download a free sample now!

Microinsurance Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.40%

Market growth 2021-2025

USD 30.44 billion

Market structure

Fragmented

YoY growth (%)

6.87

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Japan, India, and Mexico

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Al Amana Microfinance, Banco do Nordeste, Bandhan Bank Ltd., Bank of America Corp., Citigroup Inc., Fundacion Microfinanzas BBVA, JPMorgan Chase and Co., Life Insurance Corp. of India, Micro Insurance, and Milliman Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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