Texas, Carrollton (PressExposure) May 16, 2012 -- Lucintel, a leading global management consulting and market research firm, has analyzed the Global Life Insurance industry and presents its findings in "Global Life Insurance Industry 2012-2017: Trend, Profit, and Forecast Analysis."
The Life Insurance industry comprises establishments that are primarily engaged in the pooling of risk by underwriting insurance (that is, assuming the risk and assigning premiums) and annuities. Establishments engaged in this activity collect fees, life insurance premiums or annuities, and invest premiums to build a portfolio of financial assets to be used against future claims. The Life Insurance industry is highly fragmented and dominated by companies in the European region.
Lucintel market research report indicates that the high unemployment rates especially in developed nations such as US, the UK, Germany, and Canada are likely to pose a major challenge for the life insurance industry. The aging population in the developed world and increasing per capita income in developing markets are driving the demand for life insurance product especially products with guaranteed benefits. APAC is forecast to witness the highest growth during the next five years. Increasing numbers of baby boomers in the developed markets and a huge, and growing, population base in emerging economies present huge opportunities for the life insurance segment during the next five years.
In the study, Lucintel provides an overview of the Global Life Insurance industry. The report tracks the life insurance segment for four regions of industry. The scope of this study is limited to annual trends for the past five years and forecasts for the next five years. This report includes health insurance premium. As most insurance company reports combine premiums for life insurance and healthcare, revenues are addressed in this report similarly. Overall analysis of health insurance is outside the scope of this report.
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