Equity Indexed Life Insurance Market Scope And Analysis

Report Code : TIPRE00039096
Category : Banking, Financial Services, and Insurance

No. of Pages : 150

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Equity Indexed Life Insurance Market Analysis Report 2021 to 2022

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Equity Indexed Life Insurance Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 4.13 Billion
Market Size by 2031	US$ 11.58 Billion
Global CAGR (2023 - 2031)	13.8%
Historical Data	2021-2023
Forecast period	2023-2031
Segments Covered	By Type Whole Life Insurance Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance By Mode Online Offline By Distribution Channel Insurance Companies Agency and Brokers Banks
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Prudential Financial Inc Penn Mutual American International Group Inc Equitable Holdings Inc MetLife Services and Solutions LLC Symetra Life Insurance Company Protective Life Corporation John Hancock Mutual of Omaha Insurance Company

The "Equity Indexed Life Insurance Market Analysis" was carried out based on type, mode, distribution channel, and geography. On the basis of type, the market is segmented into whole life insurance, universal life insurance, variable universal life insurance, indexed universal life insurance, and others. On the basis of mode, the market is segmented into online and offline. Based on distribution channels, the market is segmented into insurance companies, agencies and brokers, and banks. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Equity Indexed Life Insurance Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the equity indexed life insurance market. A few recent key market developments are listed below:

In January 2024, Ameritas and Ethos introduced a new index, universal life insurance, providing customers with the speed and convenience of a web-based process alongside the guidance of an agent. The new index universal life insurance will be offered exclusively through Ethos.

[Source: Ameritas, Company Website]

In February 2024, Private life insurers Bajaj Allianz Life and non-banking finance corporation - microfinance institution (NBFC-MFI) Satin Creditcare Network Limited announced a strategic partnership with insurance broker Coverfox to boost life insurance accessibility in rural areas. Through this strategic partnership, customers of Satin Creditcare will be able to secure their loans with Bajaj Allianz Life’s insurance plans.

[Source: Bajaj Allianz Life, Company Website]

Equity Indexed Life Insurance Market Report Coverage & Deliverables

The equity indexed life insurance market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Equity Indexed Life Insurance Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities.
Key future trends.
Detailed PEST & SWOT analysis
Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
Detailed company profiles.