Micro Insurance Market Share, Growth and Forecast to 2020

(MoneyNewsWire.Net, November 23, 2017 ) Microinsurance products are coverage policies targeted at households with low-income levels. These plans provide tailored insurance policies for individuals with little or small saving plans. They offer lower value assets and compensation for injury, illness, or death to a person compared to other insurance policies. Microinsurance companies assist the not so well off by offering insurance plans that are tailored to their specific needs. The coverage value of the policy is lower than a typical insurance plan. Therefore, the insured customer pays considerably smaller premiums to the insurance company. The presence of the microinsurance market is strong in developing countries with high growing opportunities.

Analysts forecast the global microinsurance market to grow at a CAGR of 8.2% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global microinsurance market for 2016-2020. To calculate the market size, we consider the total amount of microinsurance from the Americas, APAC, and EMEA.

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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Key vendors
- Alternative Insurance Company
- Bajaj Allianz
- IFFCO Tokio General Insurance
- Mapfre
- Pioneer Life

Other prominent vendors
- HDFC Ergo
- Hollard Insurance
- MicroEnsure
- NSIA Insurance
- PNB MetLife
- Protecta
- Tata AIA Life

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Market driver
- Consolidation in industry
- Different valuation strategies
- Development of life microinsurance, health microinsurance, and various kinds of agricultural insurance

Market challenge
- Lack of awareness
- Difficulty in credit assessment of the insured
- Stringent capital requirements

Market trend
- Microinsurance becoming mandatory
- Increase in the customer connectivity
- Leveraging social media channels for better market penetration

Fundamentals of Table of Content:

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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