About the Microinsurance Market
Microinsurance products are coverage policies targeted at households with low-income levels. These plans provide tailored insurance policies for individuals with little or small saving plans. They offer lower value assets and compensation for injury, illness, or death to a person compared to other insurance policies. Microinsurance companies assist the inot so well off by offering insurance plans that are tailored to their specific needs. The coverage value of the policy is lower than a typical insurance plan. Therefore, the insured customer pays considerably smaller premiums to the insurance company. The presence of the microinsurance market is strong in developing countries with high growing opportunities.
Technavio’s analysts forecast the global microinsurance market to grow at a CAGR of 8.2% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global microinsurance market for 2016-2020. To calculate the market size, we consider the total amount of microinsurance from the Americas, APAC, and EMEA.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Microinsurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the operating in this market.
Key vendors
• Alternative Insurance Company
• Bajaj Allianz
• IFFCO Tokio General Insurance
• Mapfre
• Pioneer Life
Other prominent vendors
• HDFC Ergo
• Hollard Insurance
• MicroEnsure
• NSIA Insurance
• PNB MetLife
• Protecta
• Tata AIA Life
Market driver
• Different valuation strategies
• For a full, detailed list, view our report
Market challenge
• Difficulty in credit assessment of the insured
• For a full, detailed list, view our report
Market trend
• Microinsurance becoming mandatory
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
• Microinsurance: Overview
• Key players in microinsurance value chain
• Microinsurance transaction
• Role of policy and regulation in shaping the business environment of the microinsurance sector
• Difference between traditional insurance and microinsurance
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Geographical segmentation
• Geographical segmentation 2015
• Geographical segmentation 2020
• APAC
• Americas
• EMEA
PART 07: Market drivers
• Consolidation in industry
• Different valuation strategies
• Development of life microinsurance, health microinsurance, and various kinds of agricultural insurance
PART 08: Impact of drivers
PART 09: Market challenges
• Lack of awareness
• Difficulty in credit assessment of the insured
• Stringent capital requirements
PART 10: Impact of drivers and challenges
PART 11: Market trends
• Microinsurance becoming mandatory
• Increase in the customer connectivity
• Leveraging social media channels for better market penetration
PART 12: Vendor landscape
• Competitive landscape
• Other prominent vendors
PART 13: Key vendor analysis
• Alternative Insurance Company (AIC)
• Bajaj Allianz
• IFFCO Tokio General Insurance
• Mapfre
• Pioneer Life
PART 14: Appendix
• List of abbreviations
PART 15: Explore Technavio
List of Exhibits
Exhibit 01: Countries covered for market analysis
Exhibit 02: Product offerings
Exhibit 03: Key players in microinsurance value chain
Exhibit 04: Life cycle of microinsurance
Exhibit 05: Role of policy and regulation in shaping business environment of microinsurance sector
Exhibit 06: Difference between traditional insurance and microinsurance
Exhibit 07: Strategies to manage significant risks for low-income people in developing countries
Exhibit 08: Products offered by microinsurance providers
Exhibit 09: Types of property insurance
Exhibit 10: Damages and losses covered under property insurance
Exhibit 11: Concept of life insurance is based on two fundamental principles
Exhibit 12: Personal uses of life insurance business
Exhibit 13: Types of life insurance
Exhibit 14: Investments involved in a life insurance policy taken by an individual
Exhibit 15: Global microinsurance market 2015-2020 ($ billions)
Exhibit 16: Global microinsurance market by type 2015
Exhibit 17: Global microinsurance market by types 2015 ($ billions)
Exhibit 18: Reasons for upgrading capital management
Exhibit 19: Five forces analysis
Exhibit 20: Global microinsurance market by geography 2015
Exhibit 21: Global microinsurance market by geography 2020
Exhibit 22: Microinsurance market in APAC 2015-2020 ($ billions)
Exhibit 23: Key market healthcare insurance environment in APAC
Exhibit 24: Key market healthcare insurance environment in APAC
Exhibit 25: Microinsurance market in Americas 2015-2020 ($ billions)
Exhibit 26: Health saving account (HSA) contribution limits, deductibles, and out of pocket expenses limit in Americas 2015-2016
Exhibit 27: Microinsurance market in EMEA 2015-2020 ($ billions)
Exhibit 28: Whole life insurance policy features
Exhibit 29: Impact of drivers
Exhibit 30: Impact of drivers and challenges
Exhibit 31: Benefits of mandatory coverage
Exhibit 32: Innovations in customer services
Exhibit 33: Factors that drive customer satisfaction
Exhibit 34: Customer connectivity
Exhibit 35: Social media benefits to insurance firms
Exhibit 36: Bajaj Allianz: Product portfolio
Exhibit 37: IFFCO Tokio General Insurance: Product portfolio
Exhibit 38: Pioneer Life: Product portfolio
