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Global B2B2C Insurance Market to reach USD XX million by 2028.

Global B2B2C Insurance Market Size study, By Insurance Type (Life Insurance and Non-Life Insurance) and Distribution Channel (Online and Offline), By End Use Industry (Banking and Financial Institutes, Automotive, Utilities, Retail, Travel, Real Estate, Others) and Regional Forecasts 2022-2028

Product Code: BFBFSI-46107897
Publish Date: 14-08-2022
Page: 200

Global B2B2C Insurance Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

The B2B2C or (business-to-business-to-consumer) Insurance can be defined as selling of life insurance and non-life insurance products and services through non-insurance mediators other than conventional insurance intermediaries such as agents, independent financial advisories, and brokers. Non- insurance mediators include banking and financial institutions, auto distributors, telecom firms, service providers. It also includes direct selling of insurance products to customers through digital platforms. The growing insurance penetration worldwide and increasing number of digital insurance provider as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to India Brand Equity Forum (IBEF)- in July 2020, in India the non-life insurers’ premium, which include general, standalone, and specialised public-sector was estimated at USD 2.27 billion, and this amount further increased to USD 2.71 billion in July 2021. Furthermore, leading market players are working towards strategic partnerships to expand their insurance distribution channels. For instance, in November 2021, India based Bajaj Allianz Life Insurance entered in a tripartite partnership with the India Post Payments Bank (IPPB) and the Department of Posts (DoP), through launch of two insurance products to tap the vast rural customers across the country. The company would offer term and annuity products to customers through IPPB’s extensive network of 650 branches and over 1,36,000 banking access points. Moreover, in June 2022, Star Health and Allied Insurance signed a corporate agency agreement with IDFC First Bank. Under this partnership Star Health would offer its health insurance products to the bank’s customers through its digital platform. Also, growing awareness towards insurance in emerging markets as well as rising automotive sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, negative impact of pandemic on insurance sector impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global B2B2C Insurance Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing penetration of insurance and presence of leading insurance provider in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as favorable government initiatives and increasing penetration of global insurance providers in the region, would create lucrative growth prospects for the global B2B2C Insurance Market across the North American region.

Major market players included in this report are:
Berkshire Hathaway Inc.
China Life Insurance (Group) Company.
Japan Post Holdings Co., Ltd.
Munich Re Group
UnitedHealth Group.
BNP Paribas S.A.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Insurance Type
Life Insurance
Non-Life Insurance
By Distribution Channel
By End Use Industry
Banking and Financial Institutes
Real Estate
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global B2B2C Insurance Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global B2B2C Insurance Market, by Region, 2020-2028 (USD Million)
1.2.2. Global B2B2C Insurance Market, by Insurance Type, 2020-2028 (USD Million)
1.2.3. Global B2B2C Insurance Market, by Distribution Channel, 2020-2028 (USD Million)
1.2.4. Global B2B2C Insurance Market, by End Use Industry, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global B2B2C Insurance Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global B2B2C Insurance Market Dynamics
3.1. B2B2C Insurance Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing insurance penetration worldwide. Increasing number of digital insurance provider. Strategic initiatives from leading market players.
3.1.2. Market Challenges Negative impact of pandemic on insurance sector.
3.1.3. Market Opportunities Growing awareness towards insurance in emerging markets. Rising automotive sector.
Chapter 4. Global B2B2C Insurance Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global B2B2C Insurance Market, by Insurance Type
6.1. Market Snapshot
6.2. Global B2B2C Insurance Market by Insurance Type, Performance – Potential Analysis
6.3. Global B2B2C Insurance Market Estimates & Forecasts by Insurance Type 2018-2028 (USD Million)
6.4. B2B2C Insurance Market, Sub Segment Analysis
6.4.1. Life Insurance
6.4.2. Non-life Insurance
Chapter 7. Global B2B2C Insurance Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global B2B2C Insurance Market by Distribution Channel, Performance – Potential Analysis
7.3. Global B2B2C Insurance Market Estimates & Forecasts by Distribution Channel 2018-2028 (USD Million)
7.4. B2B2C Insurance Market, Sub Segment Analysis
7.4.1. Online
7.4.2. Offline
Chapter 8. Global B2B2C Insurance Market, by End Use Industry
8.1. Market Snapshot
8.2. Global B2B2C Insurance Market by End Use Industry, Performance – Potential Analysis
8.3. Global B2B2C Insurance Market Estimates & Forecasts by End Use Industry 2018-2028 (USD Million)
8.4. B2B2C Insurance Market, Sub Segment Analysis
8.4.1. Banking and Financial Institutes
8.4.2. Automotive
8.4.3. Utilities
8.4.4. Retail
8.4.5. Travel
8.4.6. Real Estate
8.4.7. Others
Chapter 9. Global B2B2C Insurance Market, Regional Analysis
9.1. B2B2C Insurance Market, Regional Market Snapshot
9.2. North America B2B2C Insurance Market
9.2.1. U.S. B2B2C Insurance Market Insurance Type estimates & forecasts, 2018-2028 Distribution Channel estimates & forecasts, 2018-2028 End Use Industry estimates & forecasts, 2018-2028
9.2.2. Canada B2B2C Insurance Market
9.3. Europe B2B2C Insurance Market Snapshot
9.3.1. U.K. B2B2C Insurance Market
9.3.2. Germany B2B2C Insurance Market
9.3.3. France B2B2C Insurance Market
9.3.4. Spain B2B2C Insurance Market
9.3.5. Italy B2B2C Insurance Market
9.3.6. Rest of Europe B2B2C Insurance Market
9.4. Asia-Pacific B2B2C Insurance Market Snapshot
9.4.1. China B2B2C Insurance Market
9.4.2. India B2B2C Insurance Market
9.4.3. Japan B2B2C Insurance Market
9.4.4. Australia B2B2C Insurance Market
9.4.5. South Korea B2B2C Insurance Market
9.4.6. Rest of Asia Pacific B2B2C Insurance Market
9.5. Latin America B2B2C Insurance Market Snapshot
9.5.1. Brazil B2B2C Insurance Market
9.5.2. Mexico B2B2C Insurance Market
9.6. Rest of The World B2B2C Insurance Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Allianz Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.3. AXA
10.2.4. Berkshire Hathaway Inc.
10.2.5. China Life Insurance (Group) Company.
10.2.6. Japan Post Holdings Co., Ltd.
10.2.7. Munich Re Group
10.2.8. Prudential
10.2.9. UnitedHealth Group.
10.2.10. BNP Paribas S.A.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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