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Global Universal Life Insurance Market by Type (Indexed Universal Life, Traditional or Non-Guaranteed Universal Life, Variable Universal Life Insurance, No Lapse Guaranteed Universal Life), by Distribution Channel (Agency, Digital & Direct Channels, Brokers, Bancassurance) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: SS-76249
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 57
  • No. Of Pages: 212
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  • Pub. Date: 2022-01-11
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Up Market Research published a new report titled “Universal Life Insurance Market research report which is segmented by Type (Indexed Universal Life, Traditional or Non-Guaranteed Universal Life, Variable Universal Life Insurance, No Lapse Guaranteed Universal Life), by Distribution Channel (Agency, Digital & Direct Channels, Brokers, Bancassurance), By Players/Companies Major players analyzed include Allianz, Japan Post Holdings Co Ltd, MetLife Services and Solutions LLC, AXA, Aviva, Allstate Insurance Company, Berkshire Hathaway Inc. and Reliance Nippon Life Insurance Company Limited, Chubb, Prudential, Ping AN Insurance”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleUniversal Life Insurance Market Research Report
By TypeIndexed Universal Life, Traditional or Non-Guaranteed Universal Life, Variable Universal Life Insurance, No Lapse Guaranteed Universal Life
By Distribution ChannelAgency, Digital & Direct Channels, Brokers, Bancassurance
By CompaniesMajor players analyzed include Allianz, Japan Post Holdings Co Ltd, MetLife Services and Solutions LLC, AXA, Aviva, Allstate Insurance Company, Berkshire Hathaway Inc. and Reliance Nippon Life Insurance Company Limited, Chubb, Prudential, Ping AN Insurance
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages212
Number of Tables & Figures149
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Universal Life Insurance Industry Outlook

Global Universal Life Insurance Market Report Segments:

The market is segmented by Type (Indexed Universal Life, Traditional or Non-Guaranteed Universal Life, Variable Universal Life Insurance, No Lapse Guaranteed Universal Life), by Distribution Channel (Agency, Digital & Direct Channels, Brokers, Bancassurance).

Universal Life Insurance Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Universal Life Insurance Market

Overview of the regional outlook of the Universal Life Insurance Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Universal Life Insurance Market Overview

Highlights of The Universal Life Insurance Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Universal Life Insurance Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Type:

                1. Indexed Universal Life

                2. Traditional or Non-Guaranteed Universal Life

                3. Variable Universal Life Insurance

                4. No Lapse Guaranteed Universal Life

        7. By Distribution Channel:

                1. Agency

                2. Digital & Direct Channels

                3. Brokers

                4. Bancassurance

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Universal Life Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Universal Life Insurance Market Trends

Reasons to Purchase the Universal Life Insurance Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Universal Life Insurance Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Universal Life Insurance Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Universal Life Insurance Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Universal Life Insurance Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Universal Life Insurance Market Size & Forecast, 2018-2028 
      4.5.1 Universal Life Insurance Market Size and Y-o-Y Growth 
      4.5.2 Universal Life Insurance Market Absolute $ Opportunity 


Chapter 5 Global Universal Life Insurance Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Universal Life Insurance Market Size Forecast by Type
      5.2.1 Indexed Universal Life
      5.2.2 Traditional or Non-Guaranteed Universal Life
      5.2.3 Variable Universal Life Insurance
      5.2.4 No Lapse Guaranteed Universal Life
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Universal Life Insurance Market Analysis and Forecast by Distribution Channel
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Distribution Channel
      6.1.2 Basis Point Share (BPS) Analysis by Distribution Channel
      6.1.3 Absolute $ Opportunity Assessment by Distribution Channel
   6.2 Universal Life Insurance Market Size Forecast by Distribution Channel
      6.2.1 Agency
      6.2.2 Digital & Direct Channels
      6.2.3 Brokers
      6.2.4 Bancassurance
   6.3 Market Attractiveness Analysis by Distribution Channel

Chapter 7 Global Universal Life Insurance Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Universal Life Insurance Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Universal Life Insurance Analysis and Forecast
   9.1 Introduction
   9.2 North America Universal Life Insurance Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Universal Life Insurance Market Size Forecast by Type
      9.6.1 Indexed Universal Life
      9.6.2 Traditional or Non-Guaranteed Universal Life
      9.6.3 Variable Universal Life Insurance
      9.6.4 No Lapse Guaranteed Universal Life
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Universal Life Insurance Market Size Forecast by Distribution Channel
      9.10.1 Agency
      9.10.2 Digital & Direct Channels
      9.10.3 Brokers
      9.10.4 Bancassurance
   9.11 Basis Point Share (BPS) Analysis by Distribution Channel 
   9.12 Absolute $ Opportunity Assessment by Distribution Channel 
   9.13 Market Attractiveness Analysis by Distribution Channel

Chapter 10 Europe Universal Life Insurance Analysis and Forecast
   10.1 Introduction
   10.2 Europe Universal Life Insurance Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Universal Life Insurance Market Size Forecast by Type
      10.6.1 Indexed Universal Life
      10.6.2 Traditional or Non-Guaranteed Universal Life
      10.6.3 Variable Universal Life Insurance
      10.6.4 No Lapse Guaranteed Universal Life
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Universal Life Insurance Market Size Forecast by Distribution Channel
      10.10.1 Agency
      10.10.2 Digital & Direct Channels
      10.10.3 Brokers
      10.10.4 Bancassurance
   10.11 Basis Point Share (BPS) Analysis by Distribution Channel 
   10.12 Absolute $ Opportunity Assessment by Distribution Channel 
   10.13 Market Attractiveness Analysis by Distribution Channel

Chapter 11 Asia Pacific Universal Life Insurance Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Universal Life Insurance Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Universal Life Insurance Market Size Forecast by Type
      11.6.1 Indexed Universal Life
      11.6.2 Traditional or Non-Guaranteed Universal Life
      11.6.3 Variable Universal Life Insurance
      11.6.4 No Lapse Guaranteed Universal Life
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Universal Life Insurance Market Size Forecast by Distribution Channel
      11.10.1 Agency
      11.10.2 Digital & Direct Channels
      11.10.3 Brokers
      11.10.4 Bancassurance
   11.11 Basis Point Share (BPS) Analysis by Distribution Channel 
   11.12 Absolute $ Opportunity Assessment by Distribution Channel 
   11.13 Market Attractiveness Analysis by Distribution Channel

Chapter 12 Latin America Universal Life Insurance Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Universal Life Insurance Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Universal Life Insurance Market Size Forecast by Type
      12.6.1 Indexed Universal Life
      12.6.2 Traditional or Non-Guaranteed Universal Life
      12.6.3 Variable Universal Life Insurance
      12.6.4 No Lapse Guaranteed Universal Life
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Universal Life Insurance Market Size Forecast by Distribution Channel
      12.10.1 Agency
      12.10.2 Digital & Direct Channels
      12.10.3 Brokers
      12.10.4 Bancassurance
   12.11 Basis Point Share (BPS) Analysis by Distribution Channel 
   12.12 Absolute $ Opportunity Assessment by Distribution Channel 
   12.13 Market Attractiveness Analysis by Distribution Channel

Chapter 13 Middle East & Africa (MEA) Universal Life Insurance Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Universal Life Insurance Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Universal Life Insurance Market Size Forecast by Type
      13.6.1 Indexed Universal Life
      13.6.2 Traditional or Non-Guaranteed Universal Life
      13.6.3 Variable Universal Life Insurance
      13.6.4 No Lapse Guaranteed Universal Life
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Universal Life Insurance Market Size Forecast by Distribution Channel
      13.10.1 Agency
      13.10.2 Digital & Direct Channels
      13.10.3 Brokers
      13.10.4 Bancassurance
   13.11 Basis Point Share (BPS) Analysis by Distribution Channel 
   13.12 Absolute $ Opportunity Assessment by Distribution Channel 
   13.13 Market Attractiveness Analysis by Distribution Channel

Chapter 14 Competition Landscape 
   14.1 Universal Life Insurance Market: Competitive Dashboard
   14.2 Global Universal Life Insurance Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Major players analyzed include Allianz
      14.3.2 Japan Post Holdings Co Ltd
      14.3.3 MetLife Services and Solutions LLC
      14.3.4 AXA
      14.3.5 Aviva
      14.3.6 Allstate Insurance Company
      14.3.7 Berkshire Hathaway Inc. and Reliance Nippon Life Insurance Company Limited
      14.3.8 Chubb
      14.3.9 Prudential
      14.3.10 Ping AN Insurance
Segments Covered in the Report
The global Universal Life Insurance market has been segmented based on

By Type
  • Indexed Universal Life
  • Traditional or Non-Guaranteed Universal Life
  • Variable Universal Life Insurance
  • No Lapse Guaranteed Universal Life
By Distribution Channel
  • Agency
  • Digital & Direct Channels
  • Brokers
  • Bancassurance
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Major players analyzed include Allianz
  • Japan Post Holdings Co Ltd
  • MetLife Services and Solutions LLC
  • AXA
  • Aviva
  • Allstate Insurance Company
  • Berkshire Hathaway Inc. and Reliance Nippon Life Insurance Company Limited
  • Chubb
  • Prudential
  • Ping AN Insurance

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