Rise awareness of unmet need for coverage and expansion of B2B2C insurance companies have boosted the growth of the Italy B2B2C insurance market. The Covid-19 pandemic negatively impacted the market due to travel limitations and hampered insurance distribution. Moreover, the market affected by the sharp decline in aircraft traffic.
Portland, OR, Nov. 20, 2022 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the Italy B2B2C insurance market generated $86.56 billion in 2017, and is expected to reach $150.68 billion by 2026, growing at a CAGR of 8.8% from 2022 to 2026. The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
|Market Size in 2021||$86.56 billion|
|Market Size in 2031||$150.68 billion|
|No. of Pages in Report||132|
|Segments Covered||Insurance Type, Application, and Industry Vertical|
|Drivers||Rise awareness of unmet need for coverage|
|Expansion of B2B2C insurance companies|
|Opportunities||Surge in awareness and need for B2B2C services for protection, safety, and fidelity|
|Restraints||Longer underwriting process|
- The Covid-19 pandemic negatively impacted the market due to travel limitations and hampered insurance distribution. Moreover, the market affected by the sharp decline in aircraft traffic.
- However, the pandemic accelerated the trend of creation of digital insurance platforms. Increase in consumer awareness, surge in urban population, and surge in disposable income would help the market grow post-pandemic.
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The report segments the Italy B2B2C insurance market on the basis of insurance type, application, and industry vertical.
Based on insurance type, the life insurance segment held the largest share in 2017, accounting for nearly three-fourths of the market. However, the non-life insurance segment is projected to register the highest CAGR of 11.2% during the forecast period.
On the basis of application, the individuals segment held the largest share in 2017, contributing to nearly two-thirds of the market. In addition, the segment is estimated to manifest the highest CAGR of 10.8% from 2022 to 2026.
Based on industry vertical, the retail segment is projected to register the highest CAGR of 14.2% during the forecast period. However, the healthcare segment held the largest share in 2021, accounting for more than two-fifths of the market.
The Italy B2B2C insurance market includes an in-depth analysis of the prime market players such as Allianz Partners, ASSICURAZIONI GENERALI S.P.A., Aviva, Berkshire Hathaway Inc., BNP Paribas Fortis, Munich RE, Prudential Financial, Inc., Swiss Re, The Digital Insurer, and Zurich.
The report analyzes these key players in the Italy B2B2C insurance market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Italy B2B2C insurance market forecast from 2017 to 2026 to identify prevailing Italy B2B2C insurance market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Italy B2B2C insurance market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as Italy B2B2C insurance market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Insurance Type
- Life Insurance
- Non-Life Insurance
By Industry Vertical
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