The Business Research Company’s Indexed And Whole Juvenile Life Insurance Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Indexed And Whole Juvenile Life Insurance Global Market Report 2023 evaluates indexed and whole juvenile life insurance market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global indexed and whole juvenile life insurance market is expected to grow from $20.43 billion in 2022 to $23.37 billion in 2023 at a compound annual growth rate (CAGR) of 14.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The indexed and whole juvenile life insurance market is expected to reach $38.71 billion in 2027 at a CAGR of 13.5%.
The increasing younger population is expected to propel the growth of the indexed and whole juvenile life insurance market going forward. The term younger population refers to individuals in the younger age groups within a given population. Indexed and whole juvenile life insurance can provide numerous benefits to the younger population, as permanent life insurance provides coverage for the insured individual’s entire lifetime. For instance, in August 2022, according to the United Nations, an intergovernmental organization, there were currently 1.2 billion young people aged 15 to 24, accounting for 16% of the world population. By 2030, the number of young people is expected to increase by 7% to approximately 1.3 billion. Therefore, the increasing younger population is driving the growth of the indexed and whole juvenile life insurance market.
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The indexed and whole juvenile life insurance market segments in the report are:
1) By Type: Survival Insurance, Death Insurance, Full Insurance
2) By Policy Type: Traditional, Non-Traditional
3) By Distribution Channel: Direct Distribution, Agency Distribution, Online Distribution
4) By Application: Below 10 Years Old, 10-18 Years Old
The table of contents in TBRC’s indexed and whole juvenile life insurance market report includes:
1. Executive Summary
2. Indexed And Whole Juvenile Life Insurance Market Characteristics
3. Indexed And Whole Juvenile Life Insurance Market Trends And Strategies
4. Indexed And Whole Juvenile Life Insurance Market – Macro Economic Scenario
5. Indexed And Whole Juvenile Life Insurance Market Segmentation
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26. South America Indexed And Whole Juvenile Life Insurance Market
27. Brazil Indexed And Whole Juvenile Life Insurance Market
28. Middle East Indexed And Whole Juvenile Life Insurance Market
29. Africa Indexed And Whole Juvenile Life Insurance Market
30. Indexed And Whole Juvenile Life Insurance Market Competitive Landscape And Company Profiles
Top Major Players:
- China Ping An Insurance (Group) Co. Ltd.
- China Life Insurance Company
- Axa S.A
- Assicurazioni Generali SpA
- Reliance Nippon Life Insurance Company Limited
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