MarketResearchNest.com
adds “Global Juvenile Life Insurance
Market Growth (Status and Outlook) 2019-2024”new report to its research
database.
Juvenile Life Insurance is permanent Life Insurance that
insures the life of a child (generally under age 18). It is a financial
planning tool that provides a tax advantaged savings vehicle with potential for
a lifetime of benefits. Juvenile Life Insurance, or child Life Insurance, is
usually purchased to protect a family against the sudden and unexpected costs
of a funeral and burial with much lower face values. Should the juvenile
survive to their college years it can then take on the form of a financial
planning tool.
Gross premiums increased in most countries in the Juvenile
Life Insurance in 2017. This growth may be a sign or a consequence of more
favorable economic conditions, leading individuals to purchase Juvenile Life
Insurance products. In most countries, the relatively low penetration of
Juvenile Life Insurance (especially in South America and some Asian countries)
shows that the Juvenile Life Insurance sector still has significant room to
expand. In some countries, gross premiums declined where the continued low
interest rates may have deterred individuals from purchasing Life Insurance
products with lower guarantees. The Europe and North America has relative
growth rate due to the lower birth rate and some developed also have the
similar phenomenon, China has higher growth rate due the higher birth rate and
China's Second Child Policy and China's high growth rate in economic.
According to this study, over the next five years the
Juvenile Life Insurance market will register a 16.1% CAGR in terms of revenue,
the global market size will reach US$ 88500 million by 2024, from US$ 36100
million in 2019. In particular, this report presents the global revenue market
share of key companies in Juvenile Life Insurance business, shared in Chapter
3.
This report presents a comprehensive overview, market shares
and growth opportunities of Juvenile Life Insurance market by product type,
application, key companies and key regions.
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This study considers
the Juvenile Life Insurance value and volume generated from the sales of the
following segments:
Segmentation by
product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to
2024 in section 10.7.
·
<10
Years Old
·
10~18
Years Old
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 10.8.
·
School
·
Home Use
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contents and data tables @
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,
China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France,
UK, Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa, Israel,
Turkey, GCC Countries
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
Allianz
·
Assicurazioni Generali
·
China Life Insurance
·
MetLife
·
PingAn
·
AXA
·
Sumitomo Life Insurance
·
Aegon
·
Dai-ichi Mutual Life Insurance
·
CPIC
·
Aviva
·
Munich Re Group
·
Zurich Financial Services
·
Nippon Life Insurance
·
Gerber Life Insurance
·
AIG
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In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key manufacturers and the market as a whole. It also analyzes key emerging
trends and their impact on present and future development.
Research objectives
·
To study and analyze the global Juvenile Life
Insurance market size by key regions/countries, product type and application,
history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Juvenile Life
Insurance market by identifying its various subsegments.
·
Focuses on the key global Juvenile Life
Insurance players, to define, describe and analyze the value, market share,
market competition landscape, SWOT analysis and development plans in next few
years.
·
To analyze the Juvenile Life Insurance with
respect to individual growth trends, future prospects, and their contribution
to the total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the size of Juvenile Life Insurance
submarkets, with respect to key regions (along with their respective key
countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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