The market share of Life Insurance Corporation (LIC) by total premium was ***** percent in the financial year 2023. During the presented period, the market share of LIC decreased. LIC is a state-owned insurance group and investment company in India.

The market share of state-owned Life Insurance Corporation of India experienced a decline from ** percent in the financial year 2017 to over ** percent in 2024. This meant that private players gained traction and reported an increase in makret share over the years.

The Life and Non-Life Insurance Market is segmented by Insurance type (Life, Non-Life and Others) by Distribution Channel (Direct, Agency, Banks, and Others).

In 2023, the largest share of the U.S. life insurance market was held by Milwaukee-based Northwestern Mutual, which accounted for **** percent of the market. As a mutual society specializing in life insurance, Northwestern Mutual has attained a higher share of this market than diversified, publicly listed insurance giants like MetLife and Corebridge Financial (formerly AIG Life). In fact, many of the largest life insurance companies in the United States are not publicly listed, so do not factor into the list of the largest U.S. life insurance companies by market capitalization.

Life Insurance: Market Shares: Basler Leben data was reported at 9.800 % in 2017. This stayed constant from the previous number of 9.800 % for 2016. Life Insurance: Market Shares: Basler Leben data is updated yearly, averaging 9.250 % from Dec 2008 (Median) to 2017, with 10 observations. The data reached an all-time high of 10.000 % in 2015 and a record low of 8.300 % in 2012. Life Insurance: Market Shares: Basler Leben data remains active status in CEIC and is reported by Swiss Financial Market Supervisory Authority. The data is categorized under Global Database’s Switzerland – Table CH.RG007: Life Insurance: Market Shares.

The report covers US Life and Non-life Insurance Market Share & Growth. The market is segmented by Insurance Type (Life Insurance and Non-life Insurance) and Distribution Channel (Direct, Agency, Banks, and Other Distribution Channels).

Singapore Life and Non-life Insurance Market Outlook 2031

The Singapore life and non-life insurance market size was valued at USD 38.7 Billion in 2022 and is likely reach to USD 55.08 Billion by 2031, expanding at a CAGR of 4% during the forecast period, 2023-2031. Growth of the market is attributed to rapid development in health insurance sector, rapid adaptation of digitalization in insurance sector, and increasing customers buying power.



A non-life insurance is an insurance policy that covers property of person and medical emergencies. A life insurance is agreement between an insurance company and an insurance policyholder. The insurance company promise to pay a sum of amount in exchange for a premium after death of policyholder and a set period.

The Covid-19 pandemic affected the life and non-life insurance market. Meanwhile governments are restraining the loss by taking part as insures of last resort. The Singapore insurance market estimates have suffered along with broader markets.



The covid-19 pandemic is still growing, people are presently attentive to preserving their health instead of filing claims. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Singapore Life and Non-Life Insurance Market Trends, Drivers, Restraints, and Opportunities

• Rapid development in the financial and insurance sector is projected to boost the market in the coming years.


• Increasing confidence of customers in insurance sector is the major factor fueling the market.


• Fraud management initiative by the industrial sector is anticipated to restrict the market growth in the coming years.


• Lack of awareness about insurance sector possesses a main challenge that can hamper the market expansion during the forecast period.


• R&D investment and technological advancement in life and non-life insurance market is projected to offer lucrative opportunities for the market players.

The dataset contains year- and month-wise market share of each insurance company in the total number of life insurance individual or group premium policies or schemes issued, number of lives covered under group schemes, total first year premium collected and total sum assured. The same data is categorized by single, non-single, group, non-group and yearly renewable premium categories

Note: 1) The First year Premium to actual premium collected by life insurers net of only free look cancellations for the period. 2) Negative Values are as per Official Source

The Germany Life and Non-Life Insurance is Segmented by Insurance Type (Life Insurance (Term, Endowment, Unit Linked and More), Non-Life (Motor, Property, Liability, Health and More), Distribution Channel (Agents, Broker, Bancassurance, and More), End Users (Individuals, Sme's and More) Premium Type (Single, Regular), Provider Type (Private, Mutual and More), and Region. The Market Forecasts are Provided in Terms of Value (USD).

United States Life Insurance Market was valued at USD 784.13 billion in 2024 and is anticipated to grow USD 1,167.34 billion by 2030 with a CAGR of 6.92% during forecast period

South Korea Life and Non-life Insurance Market Outlook 2031

The South korea life and non-life insurance market size was USD 164.1 Billion in 2022 and is expected to reach USD 233.57 Billion by 2031 register at a considerable CAGR of 4% during the forecast period, 2023–2031. The growth of the market is attributed to better understanding and financial knowledge, as well as demographic considerations are estimated to drive the market growth during the forecast period.



Life insurance related to a person's life and deathben pays a lump sum amount of the sum guaranteed, at the time of maturity or in the event of the policyholder's death is referred to as life insurance. Non-life insurance plans protect tangible and financial assets in everyday life, such as homes, automobiles, other properties, and financial losses, among other things.

In a country with a structurally high savings rate and a continuously developing economy, South Korea is a perfect example of a North Asian market where life insurance plays a significant role in the organized savings landscape. Non-life insurers, too, have a chance to sell long-term insurance products as a result of this.



As the number of premiums it collects, the size of its investment, and, most importantly, the critical social and economic function it plays in covering personal and company risks, the insurance sector is a significant part of the economy. Non-life insurance in South Korea is one of Asia Pacific's fastest-growing industries.

South Korea Life and Non-life Insurance Market Trends, Drivers, Restraints, and Opportunities

• Increasing health awareness and a growing preference for preventative treatment are driving demand for health insurance anticipated to propel the market expansion during the forecast period.


• Rising disposable income is estimated to boost the market growth in the coming years.


• Vehicle insurance is necessary, and the country's growing vehicle industry is projected to spur the market expansion in the coming years.


• New entrants can face obstacles from current insurers' extensive distribution networks as well as customer brand loyalty is projected to hamper market expansion.


• Premium amount for policies has grown as a result of high claim ratios, particularly in the health and &

Italy Life Insurance: Premium Market Share: Domestic: Financial Salesmen data was reported at 15.500 % in 2017. This records an increase from the previous number of 15.000 % for 2016. Italy Life Insurance: Premium Market Share: Domestic: Financial Salesmen data is updated yearly, averaging 16.250 % from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 27.000 % in 2000 and a record low of 7.600 % in 2005. Italy Life Insurance: Premium Market Share: Domestic: Financial Salesmen data remains active status in CEIC and is reported by National Association of Insurance Companies. The data is categorized under Global Database’s Italy – Table IT.RG010: Life Insurance: Premium Market Share by Distribution Channel.

UAE Life & Non-Life Insurance Market Report is Segmented by Insurance Type (Life Insurance (Individual and Group), Non-Life Insurance (Motor, Home, and Other Non-Life Insurances)), and by Distribution Channel (Direct, Agency, Banks, and Other Distribution Channels). The Report Offers Market Size and Forecasts for the UAE Life & Non-Life Market in Value (USD Billion) for all the Above Segments.

Global Life and Non-Life Insurance Market was valued at USD 8214.1 billion in 2023 and is anticipated to grow with a CAGR of 5.1% through 2029.

The France Life And Non-Life Insurance Market report segments the industry into By Insurance Type (Life Insurance, Non-Life Insurance), By Channel Of Distribution (Direct, Agency, Banks, Online, Other Distribution Channels). Get five years of historical data alongside five-year market forecasts.

The life insurance market share in terms of gross premium in the United Kingdom saw a decrease of roughly ***** percent in 2022 in comparison to the previous year 2021, resting at around **** percent. This marked the third consecutive decline of the market share. This measurement shows the value of life insurance premiums as a share of all insurance premiums. In other words, it indicates the weight of life insurance within the insurance industry.Find more key insights for the life insurance market share in terms of gross premium in countries like Greece, Italy, and Netherlands.

The Report Covers China Life Insurance and it is segmented by Type (Life Insurance and Non-life insurance) and Distribution Channel (Direct, Agents, Online, and Other Distribution Channels).

The global home life insurance market is experiencing robust growth, driven by increasing awareness of the need for financial protection and rising disposable incomes, particularly in developing economies. The market size in 2025 is estimated at $850 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is fueled by several key factors. Firstly, an aging global population necessitates comprehensive financial planning for retirement and end-of-life expenses, boosting demand for pension annuities and survival annuities within the home life insurance sector. Secondly, evolving family structures and increasing urbanization are influencing the demand for child and elder-specific home life insurance plans. Technological advancements, such as online platforms and personalized insurance offerings, are further streamlining the purchasing process and broadening market reach. The market segmentation by application (Child, Adult, Elder) and type (Life Support, Health Support, Pension Annuity, Survival Annuity, Accidental Support) allows insurers to tailor products to meet specific demographic needs and risk profiles. Competition among major players like Ping An, AIA, China Life, and others drives innovation and affordability. However, the market faces some challenges. Regulatory changes and economic uncertainties in certain regions can impact consumer confidence and investment patterns. The penetration of home life insurance remains relatively low in some emerging markets, presenting both a challenge and a substantial growth opportunity. Furthermore, effectively communicating the value proposition of home life insurance to a diverse customer base, particularly in segments with limited financial literacy, remains crucial for driving sustained market growth. This necessitates targeted marketing strategies and educational initiatives to promote understanding of the benefits of home life insurance. Despite these challenges, the long-term outlook for the home life insurance market remains positive, driven by demographic shifts, economic development, and technological innovation.

The Brazilian life and non-life insurance market, valued at XX million in 2025, is projected to expand at a CAGR of 5.88% during the forecast period of 2025-2033. Key market drivers include rising disposable incomes, increasing insurance awareness, and government initiatives to promote financial inclusion. The life insurance segment holds a dominant share, with key trends including the emergence of tailored products and the increasing popularity of online distribution channels. In the non-life insurance segment, motor and home insurance are major contributors, driven by factors such as rising vehicle ownership and urbanization. However, market growth may be constrained by economic fluctuations, regulatory changes, and intense competition. Major industry players include Bradesco Seguros SA, MAPFRE VIDA SA, Porto Seguro Companhia de Seguros Gerais, and Tókio Marine Seguradora SA, among others. The market is expected to witness healthy competition, product innovation, and strategic alliances in the coming years. Recent developments include: September 2022 - By selling a fresh package of assets to the pan-European co-investment entity they established in April of last year, MAPFRE and Swiss Life Asset Managers have revitalized their real estate collaboration for investing in outstanding European workplaces. A pan-European co-investment organization purchased a building from El Corte Inglés in Madrid at 13 Calle Alberto Bosch as part of this new package. This structure was formerly the Royal Spanish Football Federation's headquarters and is just a few meters from Retiro Park., July 2022 - New versions of the Bradesco Sade programs, which have more useful usability components and straightforward navigation, as well as the Bradesco Sade Concierge, which now offers a better user experience, have just become available to policyholders of Bradesco Sade. The customer's needs were taken into consideration when creating the latest app versions. Several phases of the beneficiary's care journey are covered by the Bradesco Sade application.. Key drivers for this market are: Rising Awareness About The Importance of Insurance, Increasing Disposable Incomes. Potential restraints include: Rising Awareness About The Importance of Insurance, Increasing Disposable Incomes. Notable trends are: Low Penetration of Life and Non-Life Insurance Turns Out to be an Opportunity.

The Czech Republic's life and non-life insurance market presents a dynamic landscape with considerable growth potential. While precise market size figures for 2019-2024 are not provided, leveraging publicly available data from similar European markets and considering the Czech Republic's economic stability and growing middle class, a reasonable estimate for the total market size in 2025 is approximately €8 billion. This estimation considers factors such as per capita income, penetration rates of insurance products within the region, and growth trends observed in neighboring countries. The market is anticipated to experience a Compound Annual Growth Rate (CAGR) from 2025 to 2033, driven by factors such as increasing awareness of insurance products, government initiatives promoting financial inclusion, and rising disposable incomes. The life insurance segment is projected to see robust growth fueled by an aging population and a greater need for retirement planning and long-term care solutions. The non-life insurance sector, meanwhile, will likely experience steady expansion driven by a growing need for property, health and motor vehicle insurance, particularly amongst younger generations. Competition within the market is relatively high, with both domestic and international players vying for market share. Technological advancements, such as Insurtech solutions and digital distribution channels, are expected to significantly influence market dynamics over the forecast period. Further growth opportunities exist through increased product diversification, targeted marketing campaigns focusing on specific demographics, and leveraging technological advancements to improve customer experience and efficiency. A rising trend towards personalized insurance plans tailored to individual customer needs is also expected to drive market growth. The government's regulatory environment and its impact on the insurance industry will play a crucial role in shaping the market's trajectory in the coming years. The market is likely to witness consolidation through mergers and acquisitions as companies seek to achieve economies of scale and enhance their competitive positioning. Analyzing customer preferences, adapting to evolving regulatory frameworks, and adopting innovative technological solutions will be critical for sustained success in this competitive market. Recent developments include: Intermap Expands Insurance Products and Services Across Europe, Based in Prague, Intermap's European Operations Group supplies insurance and reinsurance solutions to major national insurance players in the Czech Republic and Slovakia. In the reinsurance industry, the Company is partnering with reinsurance brokers to deliver modeling of catastrophic flood exposures. Intermap is aggressively expanding its insurance and reinsurance offerings across CEE and Russia. Intermap's solution will provide Generali Serbia with a consistent approach during the whole portfolio life cycle, from underwriting to reinsurance., UNIQA Insurance: Closing of purchase of AXA subsidiaries in Poland, Czech Republic, and the Slovakian Republic, On 7th February 2020, UNIQA signed a purchase agreement with AXA and its subsidiary Société Beaujon for the acquisition of shares in the AXA subsidiaries in Poland, the Czech Republic, and the Slovak Republic. After obtaining all necessary regulatory approvals the acquisition was legally closed today, 15th October 2020, meaning that the shares in these companies are now owned by UNIQA Österreich Versicherungen AG in return for payment of the agreed purchase price. The integration of the acquired companies into the UNIQA Group will begin immediately.. Notable trends are: Few Companies captures major market share in Czech Republic Insurance Industry:.