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The insurance market size is forecast to increase by USD 1,401.1 billion at a CAGR of 4.25% between 2023 and 2028. The mandatory implementation of government regulations regarding insurance coverage in developing countries is a primary driver for market expansion. Reinsurance serves a vital function in this sector by enabling insurers to offload some of their risk to other entities. Technological innovations have given rise to insurtech, which leverage digital platforms and data analytics to deliver cutting-edge insurance solutions. Approximately one-third of the market share is held by property and casualty insurance. Life insurance maintains a dominant position within the industry. A substantial portion of premiums is paid by individuals, while the balance originates from businesses.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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