What is Corporate Owned Life Insurance Market Scope?
Corporate-owned life insurance (COLI) is life insurance on employees' lives that is owned by the employer, with benefits payable either to the employer or directly to the employee's families. COLI is a funding strategy that has been broadly utilized by public and private companies, financial institutions, banks and insurance companies as a means of financing executive benefit obligations. COLI offers death benefit protection with an array of unique and preferential tax and accounting opportunities.
Market Growth Drivers:
Growing Corporate Sector across the Globe and Rising Demand for the COLI in Order to Reduce Tax
Challenges:
Change to the Taxation of Life Insurance
Restraints:
An Availability of Other Insurance Policies
Opportunities:
Upsurging Demand from Developing Countries
The Corporate Owned Life Insurance market study is being classified by Type (The Key Person Insurance and General Employee Insurance), by Application and major geographies with country level break-up.
The market is highly competitive with the presence of several prominent vendors. These players are adopting some organic and inorganic strategies such as a merger, acquisition, partnership, among others in order to gain a competitive advantage. Moreover, leading players are growing their online presence in order to offer an enhanced customer experience. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Corporate Owned Life Insurance market throughout the predicted period.
Allianz (Germany), State Farm Insurance (United States), American Intl. Group (United States), AXA (France), Cardinal Health (United States), Nippon Life Insurance (India), Munich Re Group (Germany), Assicurazioni Generali (Italy), Aviva (United Kingdom), Dai-ichi Mutual Life Insurance (Japan), MetLife (United States), Prudential Financial (United States), Zurich Financial Services (Switzerland) and Meiji Life Insurance (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Allstate (United States), Sumitomo Life Insurance (Japan), New York Life Insurance (United States), Aegon (United States), Asahi Mutual Life Insurance (Japan), Royal & Sun Alliance (United Kingdom), Aetna (United States), Mitsui Mutual Life Insurance (Japan), TIAA-CREF (United States), Yasuda Mutual Life Insurance (Japan), Standard Life Assurance (United Kingdom), CNP Assurances (France), Swiss Reinsurance (Switzerland) and PingAn (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Corporate Owned Life Insurance market by Type, Application and Region.
On the basis of geography, the market of Corporate Owned Life Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Target Audience
Corporate Owned Life Insurance Companies, Upstream & Downstream Vendors, Regulatory & Government Bodies, End Users and Others
Corporate Owned Life Insurance Market Study: Important Years
Attributes | Details |
---|
Study Period | 2019-2030 |
Base Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Corporate Owned Life Insurance Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Corporate Owned Life Insurance industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.