This report studies the Juvenile Life Insurance market. Juvenile Life Insurance is permanent Life Insurance that insures the life of a child (generally under age 18). It is a financial planning tool that provides a tax advantaged savings vehicle with potential for a lifetime of benefits. Juvenile Life Insurance, or child Life Insurance, is usually purchased to protect a family against the sudden and unexpected costs of a funeral and burial with much lower face values. Should the juvenile survive to their college years it can then take on the form of a financial planning tool.
Scope of the Report:This report studies the Indexed and Whole Juvenile Life Insurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Indexed and Whole Juvenile Life Insurance market by product type and applications/end industries.
Global economic growth slowed in 2017 as both advanced and emerging markets saw diminished growth. While both equity markets and interest rates progressed favorably toward the end of 2017, improvement can at best be gradual with the political landscape being in a flux.
The Juvenile Life Insurance industry achieved a strong underwriting performance in 2017, the global Juvenile Life Insurance premiums has grown at a CAGR of 15.37% from 21.2 billion USD in 2013 to reach 117.7 billion USD by 2025 in global market. The Juvenile Life Insurance market is very fragment market; the premiums of top ten players account about 47% of the total premiums in 2017.
The leading players mainly are Allianz, AssicurazioniÊGenerali, China Life Insurance, MetLife,
The global Indexed and Whole Juvenile Life Insurance market is valued at 25000 million USD in 2020 and is expected to reach 60900 million USD by the end of 2026, growing at a CAGR of 16.0% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Indexed and Whole Juvenile Life Insurance.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers Allianz (Germany)
AssicurazioniÊGenerali (Italy)
China Life Insurance (China)
MetLife (USA)
PingAn (China)
AXA (France)
SumitomoÊLife Insurance (Japan)
Aegon (Netherlands)
Dai-ichi Mutual Life Insurance (Japan)
CPIC (China)
Aviva (UK)
Munich Re Group (Germany)
Zurich Financial ServicesÊ (Switzerland)
Nippon Life InsuranceÊ (Japan)
Gerber Life Insurance (USA)
AIG (USA)
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Survival insurance
Death insurance
Full insurance
Market Segment by Applications, can be divided into <10 Years Old
10~18 Years Old
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
