Global Microinsurance

Microinsurance Comprehensive Study by Type (Property insurance, Health insurance, Life insurance, Index insurance, Disability Income insurance, Crop insurance, Livestock insurance), End Users (Business, Personal), Model Type (Partner agent model, Full Service Model, Provider Driven Model, Others), Distribution Channel (Direct Sales, Financial Institution, Digital Channels, Others), Providers (Commercial Banks, Government Aided) Players and Region - Global Market Outlook to 2028

Microinsurance Market by XX Submarkets | Forecast Years 2023-2028 | CAGR: 6.4%  

Access Sample Report Make An Enquiry Before Purchase
  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Market Snapshot:
Microinsurance is a type of insurance that provides low-income individuals and households with affordable and accessible coverage against a variety of risks, such as death, illness, accidents, and property damage. Microinsurance products are typically designed to be simple, easy to understand, and tailored to the specific needs of low-income communities. A growing number of microinsurance start-ups entering the market with creative microinsurance plans and introduce to the new creative marketing and sales channel for microinsurance. Microinsurance are providing increasingly exploring the Artificial intelligence, and machine learning to improve better serve customer. This links to the multiple small units into larger structures, creating networks that enhance both insurance functions (through broader risk pools) and support structures for improved governance.

Highlights from Microinsurance Market Study
AttributesDetails
Study Period2018-2028
Base Year2022
Forecast Value (2028)USD 147600.0 Million
UnitValue (USD Million)
CAGR6.4%


The key Players profiled in the report are Axa Mansard Insurance (Nigeria), Sanlam (South Africa), Microlife Insurance Company (Bangladesh), Brac Microinsurance (Bangladesh), Bharti AXA GI (India), Globe Life (Philippines), Pru Life (United Kingdom), MetLife (United States), Swiss Re (Switzerland) and Munich Re (Germany). Additionally, other players that are part of this comprehensive study are Allianz (Germany), Aviva (United Kingdom), Zurich Insurance Group (Switzerland), Generali (Italy) and Tokio Marine (Japan).

Geographic Breakdown and Segment Analysis
The Global Microinsurance market presents a comprehensive analysis of the Microinsurance market by product type (Property insurance, Health insurance, Life insurance, Index insurance, Disability Income insurance, Crop insurance and Livestock insurance), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Microinsurance industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the holds majority of market share of the Microinsurance market

Analyst at AMA have segmented the market study of Global Microinsurance market by Type, Application and Region.

Influencing Trend:
The digitalization of the insurance industry is a key trend in the market

Market Growth Drivers:
Rise in government initiatives and Increasing accessibility in financial services

Challenges:
Low awareness of microinsurance products and Difficulty in reaching low-income communities

Restraints:
Increasing demand for insurance from low-income households and Growing awareness of the benefits of microinsurance

Opportunities:
Increasing demand for affordable insurance, Rising adoption of technology and Growing Government support

Market Developments Activities:
In October 2023, Bima Liberty Life insurance entered into the partnership with Airtel Africa to offer microinsurance products to Airtel's mobile money subscribers. The partnership will provide Airtel's mobile money subscribers with access to a range of microinsurance products, including life, health.
In October 2023, UN Capital Development Fund launches new parametric microinsurance products in Fiji. They introduced two new parametric micro-insurance products to the Fiji market. The products are designed to offer immediate financial support to farmers, fishers, market vendors, and small businesses after extreme weather events.



The competitive landscape market is increasing there businesses which are putting which are putting there efforts in adopting the growth like alliances, merger and acquisition and new product development. For instance micro Insurance signed a collaboration arrangement with the companies to create new insurance product for the expansion of microinsurance in the nation.

Key Target Audience
Non Government organization, Mobile Network operators, Community Based organization and Microfinance institution

Report Objectives / Segmentation Covered

By Type
  • Property insurance
  • Health insurance
  • Life insurance
  • Index insurance
  • Disability Income insurance
  • Crop insurance
  • Livestock insurance
By End Users
  • Business
  • Personal

By Model Type
  • Partner agent model
  • Full Service Model
  • Provider Driven Model
  • Others

By Distribution Channel
  • Direct Sales
  • Financial Institution
  • Digital Channels
  • Others

By Providers
  • Commercial Banks
  • Government Aided

By Regions
  • 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
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Rise in government initiatives
      • 3.2.2. Increasing accessibility in financial services
    • 3.3. Market Challenges
      • 3.3.1. Low awareness of microinsurance products
      • 3.3.2. Difficulty in reaching low-income communities
    • 3.4. Market Trends
      • 3.4.1. The digitalization of the insurance industry is a key trend in the market
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Microinsurance, by Type, End Users, Model Type, Distribution Channel, Providers and Region (value) (2017-2022)
    • 5.1. Introduction
    • 5.2. Global Microinsurance (Value)
      • 5.2.1. Global Microinsurance by: Type (Value)
        • 5.2.1.1. Property insurance
        • 5.2.1.2. Health insurance
        • 5.2.1.3. Life insurance
        • 5.2.1.4. Index insurance
        • 5.2.1.5. Disability Income insurance
        • 5.2.1.6. Crop insurance
        • 5.2.1.7. Livestock insurance
      • 5.2.2. Global Microinsurance by: End Users (Value)
        • 5.2.2.1. Business
        • 5.2.2.2. Personal
      • 5.2.3. Global Microinsurance by: Model Type (Value)
        • 5.2.3.1. Partner agent model
        • 5.2.3.2. Full Service Model
        • 5.2.3.3. Provider Driven Model
        • 5.2.3.4. Others
      • 5.2.4. Global Microinsurance by: Distribution Channel (Value)
        • 5.2.4.1. Direct Sales
        • 5.2.4.2. Financial Institution
        • 5.2.4.3. Digital Channels
        • 5.2.4.4. Others
      • 5.2.5. Global Microinsurance by: Providers (Value)
        • 5.2.5.1. Commercial Banks
        • 5.2.5.2. Government Aided
      • 5.2.6. Global Microinsurance Region
        • 5.2.6.1. South America
          • 5.2.6.1.1. Brazil
          • 5.2.6.1.2. Argentina
          • 5.2.6.1.3. Rest of South America
        • 5.2.6.2. Asia Pacific
          • 5.2.6.2.1. China
          • 5.2.6.2.2. Japan
          • 5.2.6.2.3. India
          • 5.2.6.2.4. South Korea
          • 5.2.6.2.5. Taiwan
          • 5.2.6.2.6. Australia
          • 5.2.6.2.7. Rest of Asia-Pacific
        • 5.2.6.3. Europe
          • 5.2.6.3.1. Germany
          • 5.2.6.3.2. France
          • 5.2.6.3.3. Italy
          • 5.2.6.3.4. United Kingdom
          • 5.2.6.3.5. Netherlands
          • 5.2.6.3.6. Rest of Europe
        • 5.2.6.4. MEA
          • 5.2.6.4.1. Middle East
          • 5.2.6.4.2. Africa
        • 5.2.6.5. North America
          • 5.2.6.5.1. United States
          • 5.2.6.5.2. Canada
          • 5.2.6.5.3. Mexico
  • 6. Microinsurance: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2022)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Axa Mansard Insurance (Nigeria)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Sanlam (South Africa)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Microlife Insurance Company (Bangladesh)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Brac Microinsurance (Bangladesh)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Bharti AXA GI (India)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Globe Life (Philippines)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. Pru Life (United Kingdom)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. MetLife (United States)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Swiss Re (Switzerland)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Munich Re (Germany)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
  • 7. Global Microinsurance Sale, by Type, End Users, Model Type, Distribution Channel, Providers and Region (value) (2023-2028)
    • 7.1. Introduction
    • 7.2. Global Microinsurance (Value)
      • 7.2.1. Global Microinsurance by: Type (Value)
        • 7.2.1.1. Property insurance
        • 7.2.1.2. Health insurance
        • 7.2.1.3. Life insurance
        • 7.2.1.4. Index insurance
        • 7.2.1.5. Disability Income insurance
        • 7.2.1.6. Crop insurance
        • 7.2.1.7. Livestock insurance
      • 7.2.2. Global Microinsurance by: End Users (Value)
        • 7.2.2.1. Business
        • 7.2.2.2. Personal
      • 7.2.3. Global Microinsurance by: Model Type (Value)
        • 7.2.3.1. Partner agent model
        • 7.2.3.2. Full Service Model
        • 7.2.3.3. Provider Driven Model
        • 7.2.3.4. Others
      • 7.2.4. Global Microinsurance by: Distribution Channel (Value)
        • 7.2.4.1. Direct Sales
        • 7.2.4.2. Financial Institution
        • 7.2.4.3. Digital Channels
        • 7.2.4.4. Others
      • 7.2.5. Global Microinsurance by: Providers (Value)
        • 7.2.5.1. Commercial Banks
        • 7.2.5.2. Government Aided
      • 7.2.6. Global Microinsurance Region
        • 7.2.6.1. South America
          • 7.2.6.1.1. Brazil
          • 7.2.6.1.2. Argentina
          • 7.2.6.1.3. Rest of South America
        • 7.2.6.2. Asia Pacific
          • 7.2.6.2.1. China
          • 7.2.6.2.2. Japan
          • 7.2.6.2.3. India
          • 7.2.6.2.4. South Korea
          • 7.2.6.2.5. Taiwan
          • 7.2.6.2.6. Australia
          • 7.2.6.2.7. Rest of Asia-Pacific
        • 7.2.6.3. Europe
          • 7.2.6.3.1. Germany
          • 7.2.6.3.2. France
          • 7.2.6.3.3. Italy
          • 7.2.6.3.4. United Kingdom
          • 7.2.6.3.5. Netherlands
          • 7.2.6.3.6. Rest of Europe
        • 7.2.6.4. MEA
          • 7.2.6.4.1. Middle East
          • 7.2.6.4.2. Africa
        • 7.2.6.5. North America
          • 7.2.6.5.1. United States
          • 7.2.6.5.2. Canada
          • 7.2.6.5.3. Mexico
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Microinsurance: by Type(USD Million)
  • Table 2. Microinsurance Property insurance , by Region USD Million (2017-2022)
  • Table 3. Microinsurance Health insurance , by Region USD Million (2017-2022)
  • Table 4. Microinsurance Life insurance , by Region USD Million (2017-2022)
  • Table 5. Microinsurance Index insurance , by Region USD Million (2017-2022)
  • Table 6. Microinsurance Disability Income insurance , by Region USD Million (2017-2022)
  • Table 7. Microinsurance Crop insurance , by Region USD Million (2017-2022)
  • Table 8. Microinsurance Livestock insurance , by Region USD Million (2017-2022)
  • Table 9. Microinsurance: by End Users(USD Million)
  • Table 10. Microinsurance Business , by Region USD Million (2017-2022)
  • Table 11. Microinsurance Personal , by Region USD Million (2017-2022)
  • Table 12. Microinsurance: by Model Type(USD Million)
  • Table 13. Microinsurance Partner agent model , by Region USD Million (2017-2022)
  • Table 14. Microinsurance Full Service Model , by Region USD Million (2017-2022)
  • Table 15. Microinsurance Provider Driven Model , by Region USD Million (2017-2022)
  • Table 16. Microinsurance Others , by Region USD Million (2017-2022)
  • Table 17. Microinsurance: by Distribution Channel(USD Million)
  • Table 18. Microinsurance Direct Sales , by Region USD Million (2017-2022)
  • Table 19. Microinsurance Financial Institution , by Region USD Million (2017-2022)
  • Table 20. Microinsurance Digital Channels , by Region USD Million (2017-2022)
  • Table 21. Microinsurance Others , by Region USD Million (2017-2022)
  • Table 22. Microinsurance: by Providers(USD Million)
  • Table 23. Microinsurance Commercial Banks , by Region USD Million (2017-2022)
  • Table 24. Microinsurance Government Aided , by Region USD Million (2017-2022)
  • Table 25. South America Microinsurance, by Country USD Million (2017-2022)
  • Table 26. South America Microinsurance, by Type USD Million (2017-2022)
  • Table 27. South America Microinsurance, by End Users USD Million (2017-2022)
  • Table 28. South America Microinsurance, by Model Type USD Million (2017-2022)
  • Table 29. South America Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 30. South America Microinsurance, by Providers USD Million (2017-2022)
  • Table 31. Brazil Microinsurance, by Type USD Million (2017-2022)
  • Table 32. Brazil Microinsurance, by End Users USD Million (2017-2022)
  • Table 33. Brazil Microinsurance, by Model Type USD Million (2017-2022)
  • Table 34. Brazil Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 35. Brazil Microinsurance, by Providers USD Million (2017-2022)
  • Table 36. Argentina Microinsurance, by Type USD Million (2017-2022)
  • Table 37. Argentina Microinsurance, by End Users USD Million (2017-2022)
  • Table 38. Argentina Microinsurance, by Model Type USD Million (2017-2022)
  • Table 39. Argentina Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 40. Argentina Microinsurance, by Providers USD Million (2017-2022)
  • Table 41. Rest of South America Microinsurance, by Type USD Million (2017-2022)
  • Table 42. Rest of South America Microinsurance, by End Users USD Million (2017-2022)
  • Table 43. Rest of South America Microinsurance, by Model Type USD Million (2017-2022)
  • Table 44. Rest of South America Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 45. Rest of South America Microinsurance, by Providers USD Million (2017-2022)
  • Table 46. Asia Pacific Microinsurance, by Country USD Million (2017-2022)
  • Table 47. Asia Pacific Microinsurance, by Type USD Million (2017-2022)
  • Table 48. Asia Pacific Microinsurance, by End Users USD Million (2017-2022)
  • Table 49. Asia Pacific Microinsurance, by Model Type USD Million (2017-2022)
  • Table 50. Asia Pacific Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 51. Asia Pacific Microinsurance, by Providers USD Million (2017-2022)
  • Table 52. China Microinsurance, by Type USD Million (2017-2022)
  • Table 53. China Microinsurance, by End Users USD Million (2017-2022)
  • Table 54. China Microinsurance, by Model Type USD Million (2017-2022)
  • Table 55. China Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 56. China Microinsurance, by Providers USD Million (2017-2022)
  • Table 57. Japan Microinsurance, by Type USD Million (2017-2022)
  • Table 58. Japan Microinsurance, by End Users USD Million (2017-2022)
  • Table 59. Japan Microinsurance, by Model Type USD Million (2017-2022)
  • Table 60. Japan Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 61. Japan Microinsurance, by Providers USD Million (2017-2022)
  • Table 62. India Microinsurance, by Type USD Million (2017-2022)
  • Table 63. India Microinsurance, by End Users USD Million (2017-2022)
  • Table 64. India Microinsurance, by Model Type USD Million (2017-2022)
  • Table 65. India Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 66. India Microinsurance, by Providers USD Million (2017-2022)
  • Table 67. South Korea Microinsurance, by Type USD Million (2017-2022)
  • Table 68. South Korea Microinsurance, by End Users USD Million (2017-2022)
  • Table 69. South Korea Microinsurance, by Model Type USD Million (2017-2022)
  • Table 70. South Korea Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 71. South Korea Microinsurance, by Providers USD Million (2017-2022)
  • Table 72. Taiwan Microinsurance, by Type USD Million (2017-2022)
  • Table 73. Taiwan Microinsurance, by End Users USD Million (2017-2022)
  • Table 74. Taiwan Microinsurance, by Model Type USD Million (2017-2022)
  • Table 75. Taiwan Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 76. Taiwan Microinsurance, by Providers USD Million (2017-2022)
  • Table 77. Australia Microinsurance, by Type USD Million (2017-2022)
  • Table 78. Australia Microinsurance, by End Users USD Million (2017-2022)
  • Table 79. Australia Microinsurance, by Model Type USD Million (2017-2022)
  • Table 80. Australia Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 81. Australia Microinsurance, by Providers USD Million (2017-2022)
  • Table 82. Rest of Asia-Pacific Microinsurance, by Type USD Million (2017-2022)
  • Table 83. Rest of Asia-Pacific Microinsurance, by End Users USD Million (2017-2022)
  • Table 84. Rest of Asia-Pacific Microinsurance, by Model Type USD Million (2017-2022)
  • Table 85. Rest of Asia-Pacific Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 86. Rest of Asia-Pacific Microinsurance, by Providers USD Million (2017-2022)
  • Table 87. Europe Microinsurance, by Country USD Million (2017-2022)
  • Table 88. Europe Microinsurance, by Type USD Million (2017-2022)
  • Table 89. Europe Microinsurance, by End Users USD Million (2017-2022)
  • Table 90. Europe Microinsurance, by Model Type USD Million (2017-2022)
  • Table 91. Europe Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 92. Europe Microinsurance, by Providers USD Million (2017-2022)
  • Table 93. Germany Microinsurance, by Type USD Million (2017-2022)
  • Table 94. Germany Microinsurance, by End Users USD Million (2017-2022)
  • Table 95. Germany Microinsurance, by Model Type USD Million (2017-2022)
  • Table 96. Germany Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 97. Germany Microinsurance, by Providers USD Million (2017-2022)
  • Table 98. France Microinsurance, by Type USD Million (2017-2022)
  • Table 99. France Microinsurance, by End Users USD Million (2017-2022)
  • Table 100. France Microinsurance, by Model Type USD Million (2017-2022)
  • Table 101. France Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 102. France Microinsurance, by Providers USD Million (2017-2022)
  • Table 103. Italy Microinsurance, by Type USD Million (2017-2022)
  • Table 104. Italy Microinsurance, by End Users USD Million (2017-2022)
  • Table 105. Italy Microinsurance, by Model Type USD Million (2017-2022)
  • Table 106. Italy Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 107. Italy Microinsurance, by Providers USD Million (2017-2022)
  • Table 108. United Kingdom Microinsurance, by Type USD Million (2017-2022)
  • Table 109. United Kingdom Microinsurance, by End Users USD Million (2017-2022)
  • Table 110. United Kingdom Microinsurance, by Model Type USD Million (2017-2022)
  • Table 111. United Kingdom Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 112. United Kingdom Microinsurance, by Providers USD Million (2017-2022)
  • Table 113. Netherlands Microinsurance, by Type USD Million (2017-2022)
  • Table 114. Netherlands Microinsurance, by End Users USD Million (2017-2022)
  • Table 115. Netherlands Microinsurance, by Model Type USD Million (2017-2022)
  • Table 116. Netherlands Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 117. Netherlands Microinsurance, by Providers USD Million (2017-2022)
  • Table 118. Rest of Europe Microinsurance, by Type USD Million (2017-2022)
  • Table 119. Rest of Europe Microinsurance, by End Users USD Million (2017-2022)
  • Table 120. Rest of Europe Microinsurance, by Model Type USD Million (2017-2022)
  • Table 121. Rest of Europe Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 122. Rest of Europe Microinsurance, by Providers USD Million (2017-2022)
  • Table 123. MEA Microinsurance, by Country USD Million (2017-2022)
  • Table 124. MEA Microinsurance, by Type USD Million (2017-2022)
  • Table 125. MEA Microinsurance, by End Users USD Million (2017-2022)
  • Table 126. MEA Microinsurance, by Model Type USD Million (2017-2022)
  • Table 127. MEA Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 128. MEA Microinsurance, by Providers USD Million (2017-2022)
  • Table 129. Middle East Microinsurance, by Type USD Million (2017-2022)
  • Table 130. Middle East Microinsurance, by End Users USD Million (2017-2022)
  • Table 131. Middle East Microinsurance, by Model Type USD Million (2017-2022)
  • Table 132. Middle East Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 133. Middle East Microinsurance, by Providers USD Million (2017-2022)
  • Table 134. Africa Microinsurance, by Type USD Million (2017-2022)
  • Table 135. Africa Microinsurance, by End Users USD Million (2017-2022)
  • Table 136. Africa Microinsurance, by Model Type USD Million (2017-2022)
  • Table 137. Africa Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 138. Africa Microinsurance, by Providers USD Million (2017-2022)
  • Table 139. North America Microinsurance, by Country USD Million (2017-2022)
  • Table 140. North America Microinsurance, by Type USD Million (2017-2022)
  • Table 141. North America Microinsurance, by End Users USD Million (2017-2022)
  • Table 142. North America Microinsurance, by Model Type USD Million (2017-2022)
  • Table 143. North America Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 144. North America Microinsurance, by Providers USD Million (2017-2022)
  • Table 145. United States Microinsurance, by Type USD Million (2017-2022)
  • Table 146. United States Microinsurance, by End Users USD Million (2017-2022)
  • Table 147. United States Microinsurance, by Model Type USD Million (2017-2022)
  • Table 148. United States Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 149. United States Microinsurance, by Providers USD Million (2017-2022)
  • Table 150. Canada Microinsurance, by Type USD Million (2017-2022)
  • Table 151. Canada Microinsurance, by End Users USD Million (2017-2022)
  • Table 152. Canada Microinsurance, by Model Type USD Million (2017-2022)
  • Table 153. Canada Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 154. Canada Microinsurance, by Providers USD Million (2017-2022)
  • Table 155. Mexico Microinsurance, by Type USD Million (2017-2022)
  • Table 156. Mexico Microinsurance, by End Users USD Million (2017-2022)
  • Table 157. Mexico Microinsurance, by Model Type USD Million (2017-2022)
  • Table 158. Mexico Microinsurance, by Distribution Channel USD Million (2017-2022)
  • Table 159. Mexico Microinsurance, by Providers USD Million (2017-2022)
  • Table 160. Company Basic Information, Sales Area and Its Competitors
  • Table 161. Company Basic Information, Sales Area and Its Competitors
  • Table 162. Company Basic Information, Sales Area and Its Competitors
  • Table 163. Company Basic Information, Sales Area and Its Competitors
  • Table 164. Company Basic Information, Sales Area and Its Competitors
  • Table 165. Company Basic Information, Sales Area and Its Competitors
  • Table 166. Company Basic Information, Sales Area and Its Competitors
  • Table 167. Company Basic Information, Sales Area and Its Competitors
  • Table 168. Company Basic Information, Sales Area and Its Competitors
  • Table 169. Company Basic Information, Sales Area and Its Competitors
  • Table 170. Microinsurance: by Type(USD Million)
  • Table 171. Microinsurance Property insurance , by Region USD Million (2023-2028)
  • Table 172. Microinsurance Health insurance , by Region USD Million (2023-2028)
  • Table 173. Microinsurance Life insurance , by Region USD Million (2023-2028)
  • Table 174. Microinsurance Index insurance , by Region USD Million (2023-2028)
  • Table 175. Microinsurance Disability Income insurance , by Region USD Million (2023-2028)
  • Table 176. Microinsurance Crop insurance , by Region USD Million (2023-2028)
  • Table 177. Microinsurance Livestock insurance , by Region USD Million (2023-2028)
  • Table 178. Microinsurance: by End Users(USD Million)
  • Table 179. Microinsurance Business , by Region USD Million (2023-2028)
  • Table 180. Microinsurance Personal , by Region USD Million (2023-2028)
  • Table 181. Microinsurance: by Model Type(USD Million)
  • Table 182. Microinsurance Partner agent model , by Region USD Million (2023-2028)
  • Table 183. Microinsurance Full Service Model , by Region USD Million (2023-2028)
  • Table 184. Microinsurance Provider Driven Model , by Region USD Million (2023-2028)
  • Table 185. Microinsurance Others , by Region USD Million (2023-2028)
  • Table 186. Microinsurance: by Distribution Channel(USD Million)
  • Table 187. Microinsurance Direct Sales , by Region USD Million (2023-2028)
  • Table 188. Microinsurance Financial Institution , by Region USD Million (2023-2028)
  • Table 189. Microinsurance Digital Channels , by Region USD Million (2023-2028)
  • Table 190. Microinsurance Others , by Region USD Million (2023-2028)
  • Table 191. Microinsurance: by Providers(USD Million)
  • Table 192. Microinsurance Commercial Banks , by Region USD Million (2023-2028)
  • Table 193. Microinsurance Government Aided , by Region USD Million (2023-2028)
  • Table 194. South America Microinsurance, by Country USD Million (2023-2028)
  • Table 195. South America Microinsurance, by Type USD Million (2023-2028)
  • Table 196. South America Microinsurance, by End Users USD Million (2023-2028)
  • Table 197. South America Microinsurance, by Model Type USD Million (2023-2028)
  • Table 198. South America Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 199. South America Microinsurance, by Providers USD Million (2023-2028)
  • Table 200. Brazil Microinsurance, by Type USD Million (2023-2028)
  • Table 201. Brazil Microinsurance, by End Users USD Million (2023-2028)
  • Table 202. Brazil Microinsurance, by Model Type USD Million (2023-2028)
  • Table 203. Brazil Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 204. Brazil Microinsurance, by Providers USD Million (2023-2028)
  • Table 205. Argentina Microinsurance, by Type USD Million (2023-2028)
  • Table 206. Argentina Microinsurance, by End Users USD Million (2023-2028)
  • Table 207. Argentina Microinsurance, by Model Type USD Million (2023-2028)
  • Table 208. Argentina Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 209. Argentina Microinsurance, by Providers USD Million (2023-2028)
  • Table 210. Rest of South America Microinsurance, by Type USD Million (2023-2028)
  • Table 211. Rest of South America Microinsurance, by End Users USD Million (2023-2028)
  • Table 212. Rest of South America Microinsurance, by Model Type USD Million (2023-2028)
  • Table 213. Rest of South America Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 214. Rest of South America Microinsurance, by Providers USD Million (2023-2028)
  • Table 215. Asia Pacific Microinsurance, by Country USD Million (2023-2028)
  • Table 216. Asia Pacific Microinsurance, by Type USD Million (2023-2028)
  • Table 217. Asia Pacific Microinsurance, by End Users USD Million (2023-2028)
  • Table 218. Asia Pacific Microinsurance, by Model Type USD Million (2023-2028)
  • Table 219. Asia Pacific Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 220. Asia Pacific Microinsurance, by Providers USD Million (2023-2028)
  • Table 221. China Microinsurance, by Type USD Million (2023-2028)
  • Table 222. China Microinsurance, by End Users USD Million (2023-2028)
  • Table 223. China Microinsurance, by Model Type USD Million (2023-2028)
  • Table 224. China Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 225. China Microinsurance, by Providers USD Million (2023-2028)
  • Table 226. Japan Microinsurance, by Type USD Million (2023-2028)
  • Table 227. Japan Microinsurance, by End Users USD Million (2023-2028)
  • Table 228. Japan Microinsurance, by Model Type USD Million (2023-2028)
  • Table 229. Japan Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 230. Japan Microinsurance, by Providers USD Million (2023-2028)
  • Table 231. India Microinsurance, by Type USD Million (2023-2028)
  • Table 232. India Microinsurance, by End Users USD Million (2023-2028)
  • Table 233. India Microinsurance, by Model Type USD Million (2023-2028)
  • Table 234. India Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 235. India Microinsurance, by Providers USD Million (2023-2028)
  • Table 236. South Korea Microinsurance, by Type USD Million (2023-2028)
  • Table 237. South Korea Microinsurance, by End Users USD Million (2023-2028)
  • Table 238. South Korea Microinsurance, by Model Type USD Million (2023-2028)
  • Table 239. South Korea Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 240. South Korea Microinsurance, by Providers USD Million (2023-2028)
  • Table 241. Taiwan Microinsurance, by Type USD Million (2023-2028)
  • Table 242. Taiwan Microinsurance, by End Users USD Million (2023-2028)
  • Table 243. Taiwan Microinsurance, by Model Type USD Million (2023-2028)
  • Table 244. Taiwan Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 245. Taiwan Microinsurance, by Providers USD Million (2023-2028)
  • Table 246. Australia Microinsurance, by Type USD Million (2023-2028)
  • Table 247. Australia Microinsurance, by End Users USD Million (2023-2028)
  • Table 248. Australia Microinsurance, by Model Type USD Million (2023-2028)
  • Table 249. Australia Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 250. Australia Microinsurance, by Providers USD Million (2023-2028)
  • Table 251. Rest of Asia-Pacific Microinsurance, by Type USD Million (2023-2028)
  • Table 252. Rest of Asia-Pacific Microinsurance, by End Users USD Million (2023-2028)
  • Table 253. Rest of Asia-Pacific Microinsurance, by Model Type USD Million (2023-2028)
  • Table 254. Rest of Asia-Pacific Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 255. Rest of Asia-Pacific Microinsurance, by Providers USD Million (2023-2028)
  • Table 256. Europe Microinsurance, by Country USD Million (2023-2028)
  • Table 257. Europe Microinsurance, by Type USD Million (2023-2028)
  • Table 258. Europe Microinsurance, by End Users USD Million (2023-2028)
  • Table 259. Europe Microinsurance, by Model Type USD Million (2023-2028)
  • Table 260. Europe Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 261. Europe Microinsurance, by Providers USD Million (2023-2028)
  • Table 262. Germany Microinsurance, by Type USD Million (2023-2028)
  • Table 263. Germany Microinsurance, by End Users USD Million (2023-2028)
  • Table 264. Germany Microinsurance, by Model Type USD Million (2023-2028)
  • Table 265. Germany Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 266. Germany Microinsurance, by Providers USD Million (2023-2028)
  • Table 267. France Microinsurance, by Type USD Million (2023-2028)
  • Table 268. France Microinsurance, by End Users USD Million (2023-2028)
  • Table 269. France Microinsurance, by Model Type USD Million (2023-2028)
  • Table 270. France Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 271. France Microinsurance, by Providers USD Million (2023-2028)
  • Table 272. Italy Microinsurance, by Type USD Million (2023-2028)
  • Table 273. Italy Microinsurance, by End Users USD Million (2023-2028)
  • Table 274. Italy Microinsurance, by Model Type USD Million (2023-2028)
  • Table 275. Italy Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 276. Italy Microinsurance, by Providers USD Million (2023-2028)
  • Table 277. United Kingdom Microinsurance, by Type USD Million (2023-2028)
  • Table 278. United Kingdom Microinsurance, by End Users USD Million (2023-2028)
  • Table 279. United Kingdom Microinsurance, by Model Type USD Million (2023-2028)
  • Table 280. United Kingdom Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 281. United Kingdom Microinsurance, by Providers USD Million (2023-2028)
  • Table 282. Netherlands Microinsurance, by Type USD Million (2023-2028)
  • Table 283. Netherlands Microinsurance, by End Users USD Million (2023-2028)
  • Table 284. Netherlands Microinsurance, by Model Type USD Million (2023-2028)
  • Table 285. Netherlands Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 286. Netherlands Microinsurance, by Providers USD Million (2023-2028)
  • Table 287. Rest of Europe Microinsurance, by Type USD Million (2023-2028)
  • Table 288. Rest of Europe Microinsurance, by End Users USD Million (2023-2028)
  • Table 289. Rest of Europe Microinsurance, by Model Type USD Million (2023-2028)
  • Table 290. Rest of Europe Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 291. Rest of Europe Microinsurance, by Providers USD Million (2023-2028)
  • Table 292. MEA Microinsurance, by Country USD Million (2023-2028)
  • Table 293. MEA Microinsurance, by Type USD Million (2023-2028)
  • Table 294. MEA Microinsurance, by End Users USD Million (2023-2028)
  • Table 295. MEA Microinsurance, by Model Type USD Million (2023-2028)
  • Table 296. MEA Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 297. MEA Microinsurance, by Providers USD Million (2023-2028)
  • Table 298. Middle East Microinsurance, by Type USD Million (2023-2028)
  • Table 299. Middle East Microinsurance, by End Users USD Million (2023-2028)
  • Table 300. Middle East Microinsurance, by Model Type USD Million (2023-2028)
  • Table 301. Middle East Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 302. Middle East Microinsurance, by Providers USD Million (2023-2028)
  • Table 303. Africa Microinsurance, by Type USD Million (2023-2028)
  • Table 304. Africa Microinsurance, by End Users USD Million (2023-2028)
  • Table 305. Africa Microinsurance, by Model Type USD Million (2023-2028)
  • Table 306. Africa Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 307. Africa Microinsurance, by Providers USD Million (2023-2028)
  • Table 308. North America Microinsurance, by Country USD Million (2023-2028)
  • Table 309. North America Microinsurance, by Type USD Million (2023-2028)
  • Table 310. North America Microinsurance, by End Users USD Million (2023-2028)
  • Table 311. North America Microinsurance, by Model Type USD Million (2023-2028)
  • Table 312. North America Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 313. North America Microinsurance, by Providers USD Million (2023-2028)
  • Table 314. United States Microinsurance, by Type USD Million (2023-2028)
  • Table 315. United States Microinsurance, by End Users USD Million (2023-2028)
  • Table 316. United States Microinsurance, by Model Type USD Million (2023-2028)
  • Table 317. United States Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 318. United States Microinsurance, by Providers USD Million (2023-2028)
  • Table 319. Canada Microinsurance, by Type USD Million (2023-2028)
  • Table 320. Canada Microinsurance, by End Users USD Million (2023-2028)
  • Table 321. Canada Microinsurance, by Model Type USD Million (2023-2028)
  • Table 322. Canada Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 323. Canada Microinsurance, by Providers USD Million (2023-2028)
  • Table 324. Mexico Microinsurance, by Type USD Million (2023-2028)
  • Table 325. Mexico Microinsurance, by End Users USD Million (2023-2028)
  • Table 326. Mexico Microinsurance, by Model Type USD Million (2023-2028)
  • Table 327. Mexico Microinsurance, by Distribution Channel USD Million (2023-2028)
  • Table 328. Mexico Microinsurance, by Providers USD Million (2023-2028)
  • Table 329. Research Programs/Design for This Report
  • Table 330. Key Data Information from Secondary Sources
  • Table 331. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Microinsurance: by Type USD Million (2017-2022)
  • Figure 5. Global Microinsurance: by End Users USD Million (2017-2022)
  • Figure 6. Global Microinsurance: by Model Type USD Million (2017-2022)
  • Figure 7. Global Microinsurance: by Distribution Channel USD Million (2017-2022)
  • Figure 8. Global Microinsurance: by Providers USD Million (2017-2022)
  • Figure 9. South America Microinsurance Share (%), by Country
  • Figure 10. Asia Pacific Microinsurance Share (%), by Country
  • Figure 11. Europe Microinsurance Share (%), by Country
  • Figure 12. MEA Microinsurance Share (%), by Country
  • Figure 13. North America Microinsurance Share (%), by Country
  • Figure 14. Global Microinsurance share by Players 2022 (%)
  • Figure 15. Global Microinsurance share by Players (Top 3) 2022(%)
  • Figure 16. Global Microinsurance share by Players (Top 5) 2022(%)
  • Figure 17. BCG Matrix for key Companies
  • Figure 18. Axa Mansard Insurance (Nigeria) Revenue, Net Income and Gross profit
  • Figure 19. Axa Mansard Insurance (Nigeria) Revenue: by Geography 2022
  • Figure 20. Sanlam (South Africa) Revenue, Net Income and Gross profit
  • Figure 21. Sanlam (South Africa) Revenue: by Geography 2022
  • Figure 22. Microlife Insurance Company (Bangladesh) Revenue, Net Income and Gross profit
  • Figure 23. Microlife Insurance Company (Bangladesh) Revenue: by Geography 2022
  • Figure 24. Brac Microinsurance (Bangladesh) Revenue, Net Income and Gross profit
  • Figure 25. Brac Microinsurance (Bangladesh) Revenue: by Geography 2022
  • Figure 26. Bharti AXA GI (India) Revenue, Net Income and Gross profit
  • Figure 27. Bharti AXA GI (India) Revenue: by Geography 2022
  • Figure 28. Globe Life (Philippines) Revenue, Net Income and Gross profit
  • Figure 29. Globe Life (Philippines) Revenue: by Geography 2022
  • Figure 30. Pru Life (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 31. Pru Life (United Kingdom) Revenue: by Geography 2022
  • Figure 32. MetLife (United States) Revenue, Net Income and Gross profit
  • Figure 33. MetLife (United States) Revenue: by Geography 2022
  • Figure 34. Swiss Re (Switzerland) Revenue, Net Income and Gross profit
  • Figure 35. Swiss Re (Switzerland) Revenue: by Geography 2022
  • Figure 36. Munich Re (Germany) Revenue, Net Income and Gross profit
  • Figure 37. Munich Re (Germany) Revenue: by Geography 2022
  • Figure 38. Global Microinsurance: by Type USD Million (2023-2028)
  • Figure 39. Global Microinsurance: by End Users USD Million (2023-2028)
  • Figure 40. Global Microinsurance: by Model Type USD Million (2023-2028)
  • Figure 41. Global Microinsurance: by Distribution Channel USD Million (2023-2028)
  • Figure 42. Global Microinsurance: by Providers USD Million (2023-2028)
  • Figure 43. South America Microinsurance Share (%), by Country
  • Figure 44. Asia Pacific Microinsurance Share (%), by Country
  • Figure 45. Europe Microinsurance Share (%), by Country
  • Figure 46. MEA Microinsurance Share (%), by Country
  • Figure 47. North America Microinsurance Share (%), by Country
List of companies from research coverage that are profiled in the study
  • Axa Mansard Insurance (Nigeria)
  • Sanlam (South Africa)
  • Microlife Insurance Company (Bangladesh)
  • Brac Microinsurance (Bangladesh)
  • Bharti AXA GI (India)
  • Globe Life (Philippines)
  • Pru Life (United Kingdom)
  • MetLife (United States)
  • Swiss Re (Switzerland)
  • Munich Re (Germany)
Additional players considered in the study are as follows:
Allianz (Germany) , Aviva (United Kingdom) , Zurich Insurance Group (Switzerland) , Generali (Italy) , Tokio Marine (Japan)
Select User Access Type

Key Highlights of Report


Jan 2024 235 Pages 96 Tables Base Year: 2022 Coverage: 15+ Companies; 18 Countries

Request Sample Pages

Budget constraints? Get in touch with us for special pricing


Check Discount Now
Global Microinsurance Quantitative research analysis
Global Microinsurance Qualitative Industry Analysis
DOWNLOAD SAMPLE PDF

Talk to Our Experts

Want to Customize Study?


"We employ Market statistics, Industry benchmarking, Patent analysis, and Technological Insights to derive requirements and provide customize scope of work."

Make an Enquiry Now

Frequently Asked Questions (FAQ):

Due to pricing constraints we only profile limited players in the study that includes a mix list of leaders and emerging players, however for evaluation of market size the coverage includes 100+ players.
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2028
The Study can be customized to meet your requirements. Please connect with our representative, in case you wish to add or remove certain country or profiled players.
  • Low awareness of microinsurance products
  • Difficulty in reaching low-income communities

Know More About Global Microinsurance Report?

Have a Query? Click Here

Other Related Reports

Archiving Transmission System Comprehensive Study by Type (Ultrasound, Magnetic resonance, Nuclear medicine imaging, Positron emission tomography, Computed tomography, Endoscopy, Mammograms, Digital ...
$ 3750
Medication Management Comprehensive Study by Application (Hospitals, Pharmacies, Others), Deployment Mode (On-premise, Web-based, Cloud-based), Services (Medication Analytics, POC Verification, Ade S...
$ 3450
Touch Sensors Comprehensive Study by Type (Resistive, Capacitar, Infrared, Optical), Application (Smartphones & Tablets, Laptops, Car & Aircrafts, Elevators, ATMs, Others), Distribution Channel (Reta...
$ 3800
Steel Sandwich Panel Comprehensive Study by Type (Smooth, Corrugated), Application (Roofing & Walling, Flooring, Cold Storage, Prefabricated Structure, Others), Steel Type (Galvanized Steel, Stainles...
$ 3800
Mobile Value Added Services Comprehensive Study by Services (Short Message Service, Multimedia Messaging Service, Location-Based Services, Mobile Email & IM (Instant Messaging), Mobile Money, Mobile ...
$ 3750
Connected Worker Comprehensive Study by Type (Hardware {Smart Wearable, Protection Devices, Mobile Devices, Others}, Software {Task Management, Workforce Analytics, Others}, Service {Consulting, Trai...
$ 3750