Term Insurance Market Size, Share & Trend | Industry Analysis Report 2020 - 2030

-
Term Insurance Market: Introduction
Transparency Market Research delivers key insights on the global term insurance market. In terms of revenue, the global term insurance market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global term insurance market report.
In this market report, TMR predicts that simplicity and management flexibility of term insurance policies will have a noteworthy impact on the overall term insurance market. Term insurance premiums are available at lower rates when compared to permanent policies with same amount benefit. This makes them more suitable for lower income groups across the globe. Additionally, term insurance policies are also relatively simple to understand and provide management flexibility to customers such as easy cancellation and shifting to a permanent policy. These factors are driving the popularity of term insurance policies in rapidly advancing regions, especially among the age group of 25 – 35. These are majorly beginners opting for financially secure insurance policies.
Furthermore, partnerships among policyholders is a key trend in the term insurance industry. Term insurance service providers are becoming partners with the policyholders by accessing their data in order to provide personalized value-added services. Furthermore, term insurance service providers in the market are also taking on the role of a preventer by advising and training their customers to make better healthcare and lifestyle choices.
Request For Covid19 Impact Analysis Across Industries And Markets @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=77922
Term Insurance Market: Prominent Regions
Geographically, Asia Pacific led the term insurance market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for term insurance in the Asia Pacific region. Apart from Asia Pacific, European provinces also significantly contributing to the growth of the global term insurance market.
Term Insurance Market: Key Players
The competition landscape of the term insurance market is highly fragmented with leading players accounting for nearly 20% of the revenue share. Key players operating in the global term insurance market include AIA Group, AIG, Allianz SE, AXA, Berkshire Hathway, Brighthouse Financial, China Life Insurance, Prudential PLC, United Health Group, and Zurich Insurance Group.

Comments

Post a Comment

Popular posts from this blog

Innovation and Advancements to Become Grounds for Competition between Terahertz Components and Systems Manufacturers

-
With the growing involvement of international players in the market for  terahertz components and systems , the degree of competition has increased significantly, finds TMR. The leading companies, namely, Advantest Corp, TeraView, Bruker Corp, NEC Corp, Menlo Systems GmbH, and Techcomp Group Ltd., are heavily investing in research and development activities to expand their product portfolios in order to sustain in this competitive environment.  Going forward, the companies are likely to compete on the basis of innovation and advancements. Product pricing will also play a key role in providing the manufacturers an edge over each other. Analysts at Transparency Market Research predict a high degree of competition as well as profitability in this market over the coming years. Get PDF Sample for this Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9119 Increasing Popularity of Terahertz Imaging Solutions Fuels Demand for...
Read more

Dairy Alternatives Market: Rising Adoption from Small and Medium-sized Enterprises to Fuel Growth

-
  The global   dairy alternatives market   size is expected to reach USD 50.87 Billion in 2028 and register a revenue CAGR of 10.5% over the forecast period, according to a latest report by Repoarts and Data. Shifting preference of consumers towards vegan and flexitarian foods, especially in developed countries such as the U.S. and the U.K., is resulting in high consumption of dairy alternatives such as almond milk, soy milk, and rice milk, which in turn, is expected to drive market revenue growth. Food manufacturers are opting for alternative sources of plant-based ingredients in order to meet growing demand from vegans for plant-based milk products. Vegans and vegetarians are actively opting for dairy alternatives due to advantages offered by consuming plant-based alternative beverages over natural dairy milk, which include prevention of lactose intolerance and cow’s milk allergy as these beverages do not contain high calorie, cholesterol, or lactose. Increasing demand ...
Read more

Virtual Private Server Market Expected to Reach US$ 4,453.7 Mn by 2026

-
Image
According to a new market report published by Transparency Market Research, the  global virtual private server market  was valued at US$ 1,104.2 Mnin 2016 and is projected to expand at a compound annual growth rate of 15.4% from 2018 to 2026, reaching US$ 4,453.7 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the virtual private server market in 2016. This is primarily due to strong technological advancement and substantial application of virtual private servers by several end-users such as BFSI and IT & telecom across the region. Request a Sample –  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=51666 Growing security concerns among enterprises driving the global virtual private server market There is a considerable increase in the number of data breaches which needs to be avoided. VPS provides guaranteed dedicated resources such as RAM, CPU, ban...
Read more