Market revenue in 2020 | USD 48,062.3 million |
Market revenue in 2027 | USD 69,200.1 million |
Growth rate | 5.3% (CAGR from 2020 to 2027) |
Largest segment | Whole life insurance |
Fastest growing segment | Universal Life Insurance |
Historical data | 2016 - 2019 |
Base year | 2020 |
Forecast period | 2021 - 2027 |
Quantitative units | Revenue in USD million |
Market segmentation | Whole Life Insurance, Term Life Insurance, Universal Life Insurance, Variable Universal Life Insurance |
Key market players worldwide | MetLife Inc, Prudential Financial Inc, American International Group Inc, Lincoln National Corp, John Hancock Asset-Based Lending I, China Life Insurance Co Ltd Class H |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to life insurance market will help companies and investors design strategic landscapes.
Whole life insurance was the largest segment with a revenue share of 34.09% in 2020. Horizon Databook has segmented the Canada life insurance market based on whole life insurance, term life insurance, universal life insurance, variable universal life insurance covering the revenue growth of each sub-segment from 2016 to 2027.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada life insurance market, including forecasts for subscribers. This country databook contains high-level insights into Canada life insurance market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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