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Final Expense Insurance Industry Research Report 2023
Report ID
34478
Publisher
APO Research
Published Date
11-Aug
Delivery Format
PDF
No of Report Page
110
Editor's Rating
-
Report Details
Final expense insurance is a life insurance policy that has a smaller amount of death benefit comparing with normal life insurance. Also, it is easier to get approved. Final expense insurance is also called funeral insurance or burial insurance. The death benefit is usually between $2,000 to $50,000. Highlights The global Final Expense Insurance market is projected to reach US$ million by 2029 from an estimated US$ million in 2023, at a CAGR of % during 2024 and 2029. Global Final Expense Insurance key players include Allianz, AXAm, Generali, Ping An Insurance, China Life Insurance, etc. Global top five players hold a share about 26%. North America is the largest market, with a share about 36%, followed by Europe and APAC, both have a share over 54 percent. In terms of product, Permanent is the largest segment, with a share over 71%. And in terms of application, the largest application is Permanent, followed by Non-Permanent, etc. Report Scope This report aims to provide a comprehensive presentation of the global market for Final Expense Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Final Expense Insurance. The Final Expense Insurance market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Final Expense Insurance market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments. The report will help the Final Expense Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions. Key Companies & Market Share Insights In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue by companies for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include: Allianz AXA Generali Ping An Insurance China Life Insurance Prudential PLC Lincoln National Corporation Zurich Insurance Nippon Life Insurance Japan Post Holdings AEGON Metlife Manulife Financial CPIC Chubb AIG Aviva Allstate LIC Prudential Financial UnitedHealthcare AIA Aflac Legal & General Product Type Insights Global markets are presented by Final Expense Insurance type, along with growth forecasts through 2029. Estimates on revenue are based on the price in the supply chain at which the Final Expense Insurance are procured by the companies. This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows revenue data by type, and during the historical period (2018-2023) and forecast period (2024-2029). Final Expense Insurance segment by Type Permanent Non-Permanent Application Insights This report has provided the market size (revenue data) by application, during the historical period (2018-2023) and forecast period (2024-2029). This report also outlines the market trends of each segment and consumer behaviors impacting the Final Expense Insurance market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Final Expense Insurance market. Final Expense Insurance Segment by Age Bracket From 50 to 65 Years Old From 65 to 75 Years Old Above and Equal to 75 Years Old Regional Outlook This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue data of each region and country for the period 2018-2029. The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2022 because of the base year, with estimates for 2023 and forecast revenue for 2029. North America United States Canada Europe Germany France UK Italy Russia Nordic Countries Rest of Europe Asia-Pacific China Japan South Korea Southeast Asia India Australia Rest of Asia Latin America Mexico Brazil Rest of Latin America Middle East & Africa Turkey Saudi Arabia UAE Rest of MEA Key Drivers & Barriers High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects. COVID-19 and Russia-Ukraine War Influence Analysis The readers in the section will understand how the Final Expense Insurance market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. Reasons to Buy This Report This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Final Expense Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market. This report will help stakeholders to understand the global industry status and trends of Final Expense Insurance and provides them with information on key market drivers, restraints, challenges, and opportunities. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition. This report stays updated with novel technology integration, features, and the latest developments in the market This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Final Expense Insurance industry. This report helps stakeholders to gain insights into which regions to target globally This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Final Expense Insurance. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution. Core Chapters Chapter 1: Research objectives, research methods, data sources, data cross-validation; Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term. Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry. Chapter 6: Detailed analysis of Final Expense Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc. Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 13: The main points and conclusions of the report. Frequently Asked Questions What factors will challenge the Product Name market growth? Which end-use segment will expand at the fastest CAGR in the Product Name market? Which are the emerging players in the Product Name market? How concentrated is the Product Name market? Which factors are positively contributing to the Product Name market growth? Which are the novel product innovations in the Product Name market? Which product segment will emerge as the most lucrative in the Product Name market? Which factors are increasing the competition in the Product Name market? Which are the strategic measures taken by the Product Name industry players? Which region will witness inactive growth during the forecast period? What key trends are likely to emerge in the Product Name market in the coming years? -
Table Of Content
1 Preface 1.1 Scope of Report 1.2 Reasons for Doing This Study 1.3 Research Methodology 1.4 Research Process 1.5 Data Source 1.5.1 Secondary Sources 1.5.2 Primary Sources 2 Market Overview 2.1 Product Definition 2.2 Final Expense Insurance by Type 2.2.1 Market Value Comparison by Type (2018 VS 2022 VS 2029) 1.2.2 Permanent 1.2.3 Non-Permanent 2.3 Final Expense Insurance by Age Bracket 2.3.1 Market Value Comparison by Age Bracket (2018 VS 2022 VS 2029) 2.3.2 From 50 to 65 Years Old 2.3.3 From 65 to 75 Years Old 2.3.4 Above and Equal to 75 Years Old 2.4 Assumptions and Limitations 3 Final Expense Insurance Breakdown Data by Type 3.1 Global Final Expense Insurance Historic Market Size by Type (2018-2023) 3.2 Global Final Expense Insurance Forecasted Market Size by Type (2023-2028) 4 Final Expense Insurance Breakdown Data by Age Bracket 4.1 Global Final Expense Insurance Historic Market Size by Age Bracket (2018-2023) 4.2 Global Final Expense Insurance Forecasted Market Size by Age Bracket (2018-2023) 5 Global Growth Trends 5.1 Global Final Expense Insurance Market Perspective (2018-2029) 5.2 Global Final Expense Insurance Growth Trends by Region 5.2.1 Global Final Expense Insurance Market Size by Region: 2018 VS 2022 VS 2029 5.2.2 Final Expense Insurance Historic Market Size by Region (2018-2023) 5.2.3 Final Expense Insurance Forecasted Market Size by Region (2024-2029) 5.3 Final Expense Insurance Market Dynamics 5.3.1 Final Expense Insurance Industry Trends 5.3.2 Final Expense Insurance Market Drivers 5.3.3 Final Expense Insurance Market Challenges 5.3.4 Final Expense Insurance Market Restraints 6 Market Competitive Landscape by Players 6.1 Global Top Final Expense Insurance Players by Revenue 6.1.1 Global Top Final Expense Insurance Players by Revenue (2018-2023) 6.1.2 Global Final Expense Insurance Revenue Market Share by Players (2018-2023) 6.2 Global Final Expense Insurance Industry Players Ranking, 2021 VS 2022 VS 2023 6.3 Global Key Players of Final Expense Insurance Head office and Area Served 6.4 Global Final Expense Insurance Players, Product Type & Application 6.5 Global Final Expense Insurance Players, Date of Enter into This Industry 6.6 Global Final Expense Insurance Market CR5 and HHI 6.7 Global Players Mergers & Acquisition 7 North America 7.1 North America Final Expense Insurance Market Size (2018-2029) 7.2 North America Final Expense Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029 7.3 North America Final Expense Insurance Market Size by Country (2018-2023) 7.4 North America Final Expense Insurance Market Size by Country (2024-2029) 7.5 United States 7.6 Canada 8 Europe 8.1 Europe Final Expense Insurance Market Size (2018-2029) 8.2 Europe Final Expense Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029 8.3 Europe Final Expense Insurance Market Size by Country (2018-2023) 8.4 Europe Final Expense Insurance Market Size by Country (2024-2029) 7.4 Germany 7.5 France 7.6 U.K. 7.7 Italy 7.8 Russia 7.9 Nordic Countries 9 Asia-Pacific 9.1 Asia-Pacific Final Expense Insurance Market Size (2018-2029) 9.2 Asia-Pacific Final Expense Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029 9.3 Asia-Pacific Final Expense Insurance Market Size by Country (2018-2023) 9.4 Asia-Pacific Final Expense Insurance Market Size by Country (2024-2029) 8.4 China 8.5 Japan 8.6 South Korea 8.7 Southeast Asia 8.8 India 8.9 Australia 10 Latin America 10.1 Latin America Final Expense Insurance Market Size (2018-2029) 10.2 Latin America Final Expense Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029 10.3 Latin America Final Expense Insurance Market Size by Country (2018-2023) 10.4 Latin America Final Expense Insurance Market Size by Country (2024-2029) 9.4 Mexico 9.5 Brazil 11 Middle East & Africa 11.1 Middle East & Africa Final Expense Insurance Market Size (2018-2029) 11.2 Middle East & Africa Final Expense Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029 11.3 Middle East & Africa Final Expense Insurance Market Size by Country (2018-2023) 11.4 Middle East & Africa Final Expense Insurance Market Size by Country (2024-2029) 10.4 Turkey 10.5 Saudi Arabia 10.6 UAE 12 Players Profiled 11.1 Allianz 11.1.1 Allianz Company Detail 11.1.2 Allianz Business Overview 11.1.3 Allianz Final Expense Insurance Introduction 11.1.4 Allianz Revenue in Final Expense Insurance Business (2017-2022) 11.1.5 Allianz Recent Development 11.2 AXA 11.2.1 AXA Company Detail 11.2.2 AXA Business Overview 11.2.3 AXA Final Expense Insurance Introduction 11.2.4 AXA Revenue in Final Expense Insurance Business (2017-2022) 11.2.5 AXA Recent Development 11.3 Generali 11.3.1 Generali Company Detail 11.3.2 Generali Business Overview 11.3.3 Generali Final Expense Insurance Introduction 11.3.4 Generali Revenue in Final Expense Insurance Business (2017-2022) 11.3.5 Generali Recent Development 11.4 Ping An Insurance 11.4.1 Ping An Insurance Company Detail 11.4.2 Ping An Insurance Business Overview 11.4.3 Ping An Insurance Final Expense Insurance Introduction 11.4.4 Ping An Insurance Revenue in Final Expense Insurance Business (2017-2022) 11.4.5 Ping An Insurance Recent Development 11.5 China Life Insurance 11.5.1 China Life Insurance Company Detail 11.5.2 China Life Insurance Business Overview 11.5.3 China Life Insurance Final Expense Insurance Introduction 11.5.4 China Life Insurance Revenue in Final Expense Insurance Business (2017-2022) 11.5.5 China Life Insurance Recent Development 11.6 Prudential PLC 11.6.1 Prudential PLC Company Detail 11.6.2 Prudential PLC Business Overview 11.6.3 Prudential PLC Final Expense Insurance Introduction 11.6.4 Prudential PLC Revenue in Final Expense Insurance Business (2017-2022) 11.6.5 Prudential PLC Recent Development 11.7 Lincoln National Corporation 11.7.1 Lincoln National Corporation Company Detail 11.7.2 Lincoln National Corporation Business Overview 11.7.3 Lincoln National Corporation Final Expense Insurance Introduction 11.7.4 Lincoln National Corporation Revenue in Final Expense Insurance Business (2017-2022) 11.7.5 Lincoln National Corporation Recent Development 11.8 Zurich Insurance 11.8.1 Zurich Insurance Company Detail 11.8.2 Zurich Insurance Business Overview 11.8.3 Zurich Insurance Final Expense Insurance Introduction 11.8.4 Zurich Insurance Revenue in Final Expense Insurance Business (2017-2022) 11.8.5 Zurich Insurance Recent Development 11.9 Nippon Life Insurance 11.9.1 Nippon Life Insurance Company Detail 11.9.2 Nippon Life Insurance Business Overview 11.9.3 Nippon Life Insurance Final Expense Insurance Introduction 11.9.4 Nippon Life Insurance Revenue in Final Expense Insurance Business (2017-2022) 11.9.5 Nippon Life Insurance Recent Development 11.10 Japan Post Holdings 11.10.1 Japan Post Holdings Company Detail 11.10.2 Japan Post Holdings Business Overview 11.10.3 Japan Post Holdings Final Expense Insurance Introduction 11.10.4 Japan Post Holdings Revenue in Final Expense Insurance Business (2017-2022) 11.10.5 Japan Post Holdings Recent Development 11.11 AEGON 11.11.1 AEGON Company Detail 11.11.2 AEGON Business Overview 11.11.3 AEGON Final Expense Insurance Introduction 11.11.4 AEGON Revenue in Final Expense Insurance Business (2017-2022) 11.11.5 AEGON Recent Development 11.12 Metlife 11.12.1 Metlife Company Detail 11.12.2 Metlife Business Overview 11.12.3 Metlife Final Expense Insurance Introduction 11.12.4 Metlife Revenue in Final Expense Insurance Business (2017-2022) 11.12.5 Metlife Recent Development 11.13 Manulife Financial 11.13.1 Manulife Financial Company Detail 11.13.2 Manulife Financial Business Overview 11.13.3 Manulife Financial Final Expense Insurance Introduction 11.13.4 Manulife Financial Revenue in Final Expense Insurance Business (2017-2022) 11.13.5 Manulife Financial Recent Development 11.14 CPIC 11.14.1 CPIC Company Detail 11.14.2 CPIC Business Overview 11.14.3 CPIC Final Expense Insurance Introduction 11.14.4 CPIC Revenue in Final Expense Insurance Business (2017-2022) 11.14.5 CPIC Recent Development 11.15 Chubb 11.15.1 Chubb Company Detail 11.15.2 Chubb Business Overview 11.15.3 Chubb Final Expense Insurance Introduction 11.15.4 Chubb Revenue in Final Expense Insurance Business (2017-2022) 11.15.5 Chubb Recent Development 11.16 AIG 11.16.1 AIG Company Detail 11.16.2 AIG Business Overview 11.16.3 AIG Final Expense Insurance Introduction 11.16.4 AIG Revenue in Final Expense Insurance Business (2017-2022) 11.16.5 AIG Recent Development 11.17 Aviva 11.17.1 Aviva Company Detail 11.17.2 Aviva Business Overview 11.17.3 Aviva Final Expense Insurance Introduction 11.17.4 Aviva Revenue in Final Expense Insurance Business (2017-2022) 11.17.5 Aviva Recent Development 11.18 Allstate 11.18.1 Allstate Company Detail 11.18.2 Allstate Business Overview 11.18.3 Allstate Final Expense Insurance Introduction 11.18.4 Allstate Revenue in Final Expense Insurance Business (2017-2022) 11.18.5 Allstate Recent Development 11.19 LIC 11.19.1 LIC Company Detail 11.19.2 LIC Business Overview 11.19.3 LIC Final Expense Insurance Introduction 11.19.4 LIC Revenue in Final Expense Insurance Business (2017-2022) 11.19.5 LIC Recent Development 11.20 Prudential Financial 11.20.1 Prudential Financial Company Detail 11.20.2 Prudential Financial Business Overview 11.20.3 Prudential Financial Final Expense Insurance Introduction 11.20.4 Prudential Financial Revenue in Final Expense Insurance Business (2017-2022) 11.20.5 Prudential Financial Recent Development 11.21 UnitedHealthcare 11.21.1 UnitedHealthcare Company Detail 11.21.2 UnitedHealthcare Business Overview 11.21.3 UnitedHealthcare Final Expense Insurance Introduction 11.21.4 UnitedHealthcare Revenue in Final Expense Insurance Business (2017-2022) 11.21.5 UnitedHealthcare Recent Development 11.22 AIA 11.22.1 AIA Company Detail 11.22.2 AIA Business Overview 11.22.3 AIA Final Expense Insurance Introduction 11.22.4 AIA Revenue in Final Expense Insurance Business (2017-2022) 11.22.5 AIA Recent Development 11.23 Aflac 11.23.1 Aflac Company Detail 11.23.2 Aflac Business Overview 11.23.3 Aflac Final Expense Insurance Introduction 11.23.4 Aflac Revenue in Final Expense Insurance Business (2017-2022) 11.23.5 Aflac Recent Development 11.24 Legal & General 11.24.1 Legal & General Company Detail 11.24.2 Legal & General Business Overview 11.24.3 Legal & General Final Expense Insurance Introduction 11.24.4 Legal & General Revenue in Final Expense Insurance Business (2017-2022) 11.24.5 Legal & General Recent Development 13 Report Conclusion 14 Disclaimer -
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