What is B2B2C Insurance Market Scope?
The B2B2C insurance concept is defined as insurance products (life, non-life, and health) offered through any non-insurance and/or non-financial intermediaries excluding the traditional insurance intermediaries. Insurance offering through the B2B2C channel covers an extensive range of potential partners including retailers, utility providers, telecom companies, retailers, e-commerce, and other digital players. Traditionally B2B2C was focused on selling insurance products as supplements to the partner’s core product like motor insurance for a car sale, creditor insurance for a mortgage, extended warrant for white goods.
Influencing Trend:
Adoption of Digital Solutions for Insurance Distribution
Market Growth Drivers:
Rise in Consumer Awareness about Latent Demand for Insurance, Increase in Insurance Companies across the Globe and Upsurging Demand for More Channels to Distribute Insurance Products
Challenges:
The Main Challenge of B2B2C Insurance Is To Manage and Maintain Value through the Full Partnership Cycle
Restraints:
Risks Associated with the B2B2C Distribution Channel
Opportunities:
Growing Demand from Developing Countries such as China and India
The B2B2C Insurance market study is being classified by Type (Life Insurance and Non-Life Insurance), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global B2B2C Insurance market throughout the predicted period.
AXA (France), Zurich Insurance Group (Switzerland), China Life Insurance (China), Berkshire Hathaway (United States), Prudential (United States), UnitedHealth Group (United States), Munich Re Group (Germany), Assicurazioni Generali S.p.A. (Italy), Japan Post Holding (Japan), Allianz (Germany), Assurant (United States), BNP Paribas Cardif (France) and Chubb (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are MetLife (United States), AIG (United States), BMW Financial Services (United States) and Volkswagen Financial Services (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global B2B2C Insurance market by Type, Application and Region.
On the basis of geography, the market of B2B2C 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).
Market Influencers and their Development Strategies
In April 2021, Zurich and Farmers Exchanges acquired MetLife's property and personal property business in the United States. The acquisition gives Farmers Exchanges1 a truly national presence and access to new distribution channels. These include Farmers Exchanges1, MetLife's industry-leading U.S.
In 2019, Allianz Partners, a global leader in B2B2C assistance and insurance solutions, is proud to support its strategic partner AIWAYS, the Shanghai-based personal mobility provider, on a unique test drive: what is believed to be the longest point-to-point drive of a prototype electric vehicle ever attempted. Allianz Partners is providing road side assistance services over the 14,231 kilometer (8,843 miles) journey, which began on July 17th when two U5 electric SUVs departed from Xi’an, China to arrive in Frankfurt, Germany in early September.
Key Target Audience
B2B2C Insurance Companies, Intermediataries, Potential Investors, Regulatory & Government Bodies, End Users and Others
B2B2C Insurance Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
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 B2B2C 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 B2B2C 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.