HTF MI recently introduced Global Term Life Insurance and Re-Insurance Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are MetLife, Prudential, AIG, Zurich, Allianz, Swiss Re, Munich Re, AXA, Aviva, Legal & General, Transamerica, Genworth, Sun Life, MassMutual, Guardian Life, New York Life, Protective, Lincoln Financial, John Hancock, Pacific Life.
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According to HTF Market Intelligence, the Global Term Life Insurance and Re-Insurance market is expected to grow from 900 billion USD in 2023 to 1.5 trillion USD by 2032, with a CAGR of 5% from 2024 to 2032. The Term Life Insurance and Re-Insurance market is segmented by Types (Term Life Insurance, Reinsurance), Application (Individual Coverage, Group Life Insurance, Business Insurance) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).
Definition:
Term Life Insurance is a life insurance policy that provides coverage for a specified period (or “term”) and pays a death benefit if the policyholder dies within the term. Re-Insurance, on the other hand, involves insurers transferring portions of their risk portfolios to other insurance companies to reduce the likelihood of large payouts in case of significant claims.
Dominating Region:
• North America, Europe
Fastest-Growing Region:
• Asia-Pacific, Latin America