Life Accident Insurance Market to See Huge Growth by 2027 : MetLife, Aviva, ManhattanLife
New Jersey, USA -- (SBWIRE) -- 06/12/2022 -- Latest Study on Industrial Growth of Global Life Accident Insurance Market 2021-2027. A detailed study accumulated to offer Latest insights about acute features of the Life Accident Insurance market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.
Major & Emerging Players in Life Accident Insurance Market:- Assicurazioni Generali S.p.A. (Italy), MetLife, Inc. (United States), Sumitomo Life Insurance Company (Japan), Great American Insurance Company. (United States), Aviva plc (United Kingdom), Munich Re Group (Germany), AIA Singapore Pte Ltd (Singapore), Zurich Insurance Group Ltd (Switzerland), Gerber (Western & Southern Financial Group) (United States), Pacific Prime Singapore (Singapore), American International Group, Inc., (United States), ManhattanLife (United States)
Life accident insurance policy provides insurance benefits for personal as well as enterprise purposes and protects against any kind of accidental damage. There are two main categories of life accident insurance which include individual accident insurance and group accident insurance. The individual accident insurance policy covers the individual or personal damage accident cost such as accidental death, disability whether partial or permanent. The group accident insurance policy covers usually the employees obtained by the employers, this policy coverage is good for the small business where cost is very low.
Market Leaders and their expansionary development strategies
On 23rd June 2020, ManhattanLife, announced the acquisition of Standard Life and Casualty Insurance Company, expanding the company's growing national footprint and complementing their already robust product offerings. This acquisition significantly broadens our multi-channel product platform and allows us access into markets that we've been eager to enter
On 1st September 2020, the Great American Insurance Group announced the launch of pomiSM, a digital platform and website for accident and health (A&H) insurance. Pomi (an acronym for Peace of Mind Insurance) is the company's first all-digital platform where brokers can quote and bind most blanket special risk policies in just a few minutes. The platform has been customized for brokers selling A&H insurance to industries such as daycares, nonprofits, after school activities, and camps. The innovative "click and bind" method provides fast service and will help improve the way brokers fulfill the needs of their insureds.
The titled segments and sub-section of the market are illuminated below:
by Type (Individual Accident Insurance, Group Accident Insurance), Application (Personal, Enterprise), Distributional Channel (Online Service, Offline Service), Coverage (Personal Injury Claims, Permanent Disability Cover, Temporary Total Disability, Others)
Emerging Number of New Policies and Plans in the Life Accident Insurance
Advancement in the Distribution Service of Life Accident Insurance
Surging Investment in the Various Types of Life Accident Insurance with the Growing Awareness through Advertisements
Rising Number of Accidents and Injury Cases
Need for Reducing the Cost of Burden and Coverage for the Accidental Expenses
Stringent Regulatory Guidelines on the Life Accident Insurance
Some Point of Table of Content:
Chapter One: Report Overview
Chapter Two: Global Market Growth Trends
Chapter Three: Value Chain of Life Accident Insurance Market
Chapter Four: Players Profiles
Chapter Five: Global Life Accident Insurance Market Analysis by Regions
Chapter Six: North America Life Accident Insurance Market Analysis by Countries
Chapter Seven: Europe Life Accident Insurance Market Analysis by Countries
Chapter Eight: Asia-Pacific Life Accident Insurance Market Analysis by Countries
Chapter Nine: Middle East and Africa Life Accident Insurance Market Analysis by Countries
Chapter Ten: South America Life Accident Insurance Market Analysis by Countries
Chapter Eleven: Global Life Accident Insurance Market Segment by Types
Chapter Twelve: Global Life Accident Insurance Market Segment by Applications
What are the market factors that are explained in the Life Accident Insurance Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
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