We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. ×
Market Research Report

2021 Insurance Industry Outlook- Forecast, Opportunities & Trends with COVID-19 Impact

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Global Insurance Industry Outlook 2021

A global outlook survey by Goldstein Market Intelligence found that many insurers know they still have their work cut out for them, even after spending most of 2020 adapting to the outbreak’s impact.The pandemic and its aftermath are expected to continue hitting some property-casualty lines harder than others. Workers’ compensation insurance sales, for example, were undermined by massive job losses.Life insurance premiums have declined 5% globally by the end of 2020 and by 7% in advanced economies, while a recovery of 4% growth is projected overall for 2021. Emerging markets once again will likely lead the way while advanced markets continue to struggle.

The insurance industry is a significant constituent of the economy by prudence of the measure of premiums it gathers, the scale of its venture and, all the more in a general sense, the huge social and financial job it plays by covering individual and business risk.

Global insurance premiums extended by 3.8% in genuine terms in 2015, in the midst of varieties in regional growth rates. There was a solid development in the high level business sectors of Asia, and a marked advancement in North America and Western Europe, adding to a 3.6% lift in worldwide premium from 2.4% development in 2014. Development likewise expanded in Latin America yet was more slow in the Middle East and Central Asia, and Africa, and premiums contracted in Central and Eastern Europe.

COVID-19 impact on "Insurance Industry"

The report analysis and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Insurance Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

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Covered in this Insurance Industry Outlook 2021

  • Analysis of the global insurance industry through an industry overview, industry growth analysis and an industry segmentation through industry segments as well as a geographic segmentation. We also include an analysis of the global market share.
  • Analysis of the global insurance industry through a Porter's Five Forces analysis. The analysis looks at buyer power, supplier power, competitive rivalry, threat of new entrants and threat of substitutes.
  • Analysis of the key regions in the global insurance industry through and industry overview, industry growth, industry segmentation, market share analysis
  • Regions analyzed in the report include Asia Pacific, Europe, Middle East, North America
  • Financial analysis and a SWOT analysis.

Key questions answered in this research report

  • What is the total market size by 2030 and what would be the expected growth rate of sales?
  • What are the total sales in 2018-19 and what would be the expected demand over the forecast period?
  • What are the recent developments and business strategy of companies?
  • What are the market opportunities for the existing and entry level players?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?

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2021 Insurance Industry Outlook- Forecast, Opportunities & Trends with COVID-19 Impact

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