• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Asia Pacific Microinsurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Asia Pacific microinsurance market is currently witnessing moderate growth. Microinsurance is a microfinance division that provides insurance plans to the underserved and low-income sections of society. It aids in providing insurance and other products and services at low premiums that are utilized for risk protection and relief against distress, misfortune, and other contingent events. Microinsurance offers tailor-made plans that meet the customer’s needs and covers property risks against crops, cattle and fires. It merges various small financial units that are formed into one massive structure to prevent unexpected losses and exorbitant interest rates. Nowadays, microinsurance products are delivered via various institutional channels such as licensed insurers, healthcare providers, microfinance institutions, community-based organizations, and non-governmental organizations.

The Asia Pacific represents one of the largest markets for microinsurance, primarily driven by the increasing demand for microinsurance products and services in developing countries such as India and China. This is due to the small installments of premium amounts for people from a poor financial background. Besides this, the growing interest of various stakeholders, such as NGOs, financial institutions and donors, in adding microfinance as an adaptation measure represents another factor propelling the market growth. Moreover, microinsurance offers a promising alternative for poor women to manage risk and use their assets more productively. Looking forward, IMARC Group expects the market to continue its moderate growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific microinsurance market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type, provider and model type.

Breakup by Product Type:

  • Property Insurance
  • Health Insurance
  • Life Insurance
  • Index Insurance
  • Accidental Death and Disability Insurance
  • Others
     

Breakup by Provider:

  • Microinsurance (Commercially Viable)
  • Microinsurance Through Aid/Government Support
     

Breakup by Model Type:

  • Partner Agent Model
  • Full-Service Model
  • Provider Driven Model
  • Community-Based/Mutual Model
  • Others
     

Breakup by Country:

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

  • How has the Asia Pacific microinsurance market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Asia Pacific microinsurance market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the provider?
  • What is the breakup of the market based on the model type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Asia Pacific microinsurance market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Asia Pacific Microinsurance Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Property Insurance
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Health Insurance
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Life Insurance
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Index Insurance
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Accidental Death and Disability Insurance
        6.5.1    Market Trends
        6.5.2    Market Forecast
    6.6    Others
        6.6.1    Market Trends
        6.6.2    Market Forecast
7    Market Breakup by Provider
    7.1    Microinsurance (Commercially Viable)
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Microinsurance Through Aid/Government Support
        7.2.1    Market Trends
        7.2.2    Market Forecast
8    Market Breakup by Model Type
    8.1    Partner Agent Model
    8.2    Full-Service Model
    8.3    Provider Driven Model 
    8.4    Community-Based/Mutual Model
    8.5    Others
9    Market Breakup by Country
    9.1    China
        9.1.1 Market Trends
        9.1.2 Market Breakup by Product Type 
        9.1.3 Market Breakup by Provider 
        9.1.4 Market Forecast
    9.2    Japan
        9.2.1 Market Trends
        9.2.2 Market Breakup by Product Type 
        9.2.3 Market Breakup by Provider 
        9.2.4 Market Forecast
    9.3    India
        9.3.1 Market Trends
        9.3.2 Market Breakup by Product Type 
        9.3.3 Market Breakup by Provider 
        9.3.4 Market Forecast
    9.4    South Korea
        9.4.1 Market Trends
        9.4.2 Market Breakup by Product Type 
        9.4.3 Market Breakup by Provider 
        9.4.4 Market Forecast
    9.5    Australia
        9.5.1 Market Trends
        9.5.2 Market Breakup by Product Type 
        9.5.3 Market Breakup by Provider 
        9.5.4 Market Forecast
    9.6    Indonesia
        9.6.1 Market Trends
        9.6.2 Market Breakup by Product Type 
        9.6.3 Market Breakup by Provider 
        9.6.4 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Breakup by Product Type 
        9.7.3 Market Breakup by Provider 
        9.7.4 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Policy and Regulatory Landscape
15   Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players

List of Figures

Figure 1: Asia Pacific: Microinsurance Market: Major Drivers and Challenges
Figure 2: Asia Pacific: Microinsurance Market: Sales Value (in Million US$), 2015-2020
Figure 3: Asia Pacific: Microinsurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Asia Pacific: Microinsurance Market: Breakup by Product Type (in %), 2020
Figure 5: Asia Pacific: Microinsurance Market: Breakup by Provider (in %), 2020
Figure 6: Asia Pacific: Microinsurance Market: Breakup by Country (in %), 2020
Figure 7: Asia Pacific: Microinsurance (Property Insurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Asia Pacific: Microinsurance (Property Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Asia Pacific: Microinsurance (Health Insurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Asia Pacific: Microinsurance (Health Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Asia Pacific: Microinsurance (Life Insurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Asia Pacific: Microinsurance (Life Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Asia Pacific: Microinsurance (Index Insurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Asia Pacific: Microinsurance (Index Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Asia Pacific: Microinsurance (Accidental Death and Disability Insurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Asia Pacific: Microinsurance (Accidental Death and Disability Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Asia Pacific: Microinsurance (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Asia Pacific: Microinsurance (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Asia Pacific: Microinsurance (Commercially Viable) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Asia Pacific: Microinsurance (Commercially Viable) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Asia Pacific: Microinsurance (Through Aid/Government Support) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Asia Pacific: Microinsurance (Through Aid/Government Support) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: China: Microinsurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: China: Microinsurance Market: Breakup by Product Type (in %), 2020
Figure 25: China: Microinsurance Market: Breakup by Provider (in %), 2020
Figure 26: China: Microinsurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Japan: Microinsurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Japan: Microinsurance Market: Breakup by Product Type (in %), 2020
Figure 29: Japan: Microinsurance Market: Breakup by Provider (in %), 2020
Figure 30: Japan: Microinsurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: India: Microinsurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: India: Microinsurance Market: Breakup by Product Type (in %), 2020
Figure 33: India: Microinsurance Market: Breakup by Provider (in %), 2020
Figure 34: India: Microinsurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: South Korea: Microinsurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: South Korea: Microinsurance Market: Breakup by Product Type (in %), 2020
Figure 37: South Korea: Microinsurance Market: Breakup by Provider (in %), 2020
Figure 38: South Korea: Microinsurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Australia: Microinsurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Australia: Microinsurance Market: Breakup by Product Type (in %), 2020
Figure 41: Australia: Microinsurance Market: Breakup by Provider (in %), 2020
Figure 42: Australia: Microinsurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Indonesia: Microinsurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Indonesia: Microinsurance Market: Breakup by Product Type (in %), 2020
Figure 45: Indonesia: Microinsurance Market: Breakup by Provider (in %), 2020
Figure 46: Indonesia: Microinsurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Others: Microinsurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Others: Microinsurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Asia Pacific: Microinsurance Industry: SWOT Analysis
Figure 50: Asia Pacific: Microinsurance Industry: Value Chain Analysis
Figure 51: Asia Pacific: Microinsurance Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Asia Pacific: Microinsurance Market: Key Industry Highlights, 2020 and 2026
Table 2: Asia Pacific: Microinsurance Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Asia Pacific: Microinsurance Market Forecast: Breakup by Provider (in Million US$), 2021-2026
Table 4: Asia Pacific: Microinsurance Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 5: Asia Pacific: Microinsurance Market Forecast: Competitive Structure
Table 6: Asia Pacific: Microinsurance Market Forecast: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-702-409-7331 )
( India: +91-120-433-0800 )


Drop us an email at

sales@imarcgroup.com

Social Links