Press release
B2B2C Insurance Market Growth and Restrain Factors Analysis Report
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global B2B2C Insurance Market- (By Product (Life, Non-life (Health Insurance, Home Insurance, Vehicle Insurance, Personal Insurance, Accident Insurance, Others (Transport, Credit Insurance, etc.)), By Geographical scope (National, Multi-Country, Regional, Global), By Company size (Large Enterprise, Small & medium Enterprise), By Nature of business (Brick & Mortar, E-Commerce, Multi-channel, Non-Commercial, Service Company), By End Use Industry (Banks & Financial Institution, Automotives, Utilities, Retailers, Travel, Housing, Others (Lifestyle, Telecom, etc.)), By Distributional Channel (Online, Offline), By Application (Individual, Corporation)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global B2B2C Insurance Market is valued at US$ 767.53 Mn in 2022, and it is expected to reach US$ 1.77 Bn by 2031, with a CAGR of 9.96% during a forecast period of 2023-2031.
Request for Sample Pages:
https://www.insightaceanalytic.com/request-sample/2162
2B2C insurance, also known as business-to-business-to-consumer insurance, is a distribution model where insurance companies collaborate with retailers to sell insurance to consumers. This arrangement can involve insurance agents, telecom companies, private banks, retailers, and various digital entities. The increasing awareness among consumers regarding insurance and the growing number of insurance providers are expected to expand global B2B2C insurance trends. Intensifying competition among major industry players will propel the global market's growth. Additionally, stringent government regulations overseeing insurance services will contribute to the market's global growth. The rapid digitalization and the increasing use of social media platforms will foster the global market's expansion. A technological paradigm shift, marked by the advent of AI, telematics, and chatbots, has also played a pivotal role in driving the market's global expansion.
Moreover, the increasing adoption of insurance-related devices will further augment the size of the global market in the foreseeable future. Businesses have the opportunity to customize insurance products to align with their customer's specific needs, resulting in more personalized and relevant offerings. This, in turn, can enhance client satisfaction and foster customer loyalty.
List of Prominent Players in the B2B2C Insurance Market:
• Aditya Birla General Insurance
• Edelweiss General Insurance Company Limited
• AXA SA
• BNP Paribas SA.
• Allianz S
• Assicurazioni Generali S.p.A.
• Berkshire Hathaway Inc
• ICICI Lombard
• UnitedHealth Group Inc
• Tata-AIG General Insurance Co. Ltd.
• Aviva plc
• Berkshire Hathaway Inc.
• China Life Insurance Group
• Japan Post Holdings Co., Ltd.
• Munich Re Group
• Prudential plc
• UnitedHealth Group Inc.
• Others.
Market Dynamics:
Drivers-
The insurance industry's digital transformation has opened doors for B2B2C models, enabling insurers and businesses to harness digital platforms for more efficient insurance product distribution and improved customer experiences. As consumers increasingly seek personalized insurance solutions, B2B2C models enable collaboration between businesses and insurers to create tailored insurance products, ultimately driving higher customer satisfaction and loyalty. A technological paradigm shift, characterized by the emergence of AI, telematics, and chatbots, has been a key driver in the global expansion of this market. The growing adoption of insurance-related devices is poised to further expand the global market's size in the foreseeable future. Businesses can adapt insurance products to meet the specific needs of their customers, resulting in more individualized and pertinent offerings. This, in turn, has the potential to boost customer satisfaction and foster customer loyalty.
Curious about this latest version of the report? Enquiry Before Buying:https://www.insightaceanalytic.com/enquiry-before-buying/2162
Challenges:
B2B2C models involve multiple stakeholders, including insurers, businesses, and consumers. Coordinating and aligning the interests and operations of these different parties can be complex and challenging. Economic and market fluctuations can impact the demand for insurance and the profitability of insurance products. B2B2C models may need to adapt to changing economic conditions and customer preferences. Furthermore, implementing and integrating new technologies to support B2B2C operations can be challenging. It often involves bridging legacy systems with modern digital platforms, which can be time-consuming and costly, which hinders market growth.
Regional Trends:
The Asia Pacific green chemicals market is expected to register a major market share. As a result of the increasing awareness among customers in countries like Canada and the United States regarding the advantages of B2B2C insurance purchases, the demand for safety, security, and dependability will continue to propel the trends in the regional industry. Besides, North America had a substantial share of the market. Additionally, the expanding urban population and the growing per capita income in emerging economies will drive the expansion of the regional market.
Recent Developments
• In July 2023, Aviva agreed with Barclays UK to acquire its home insurance portfolio, which includes a consumer base of 350,000 individuals. This acquisition facilitated the insurer's aspirations to expand its retail insurance division, ensured that customers continued to receive exceptional service, and preserved Aviva's dominant position in the home insurance sector.
• In Dec 2020, ICICI Lombard has launched a digital platform for small and medium companies (SMEs) to purchase business insurance. The SME owners found the new site convenient for purchasing or renewing insurance products, endorsing policies, and registering claims. The corporation revealed that the business owners chose several insurance choices, including marine insurance and workmen's compensation.
Get Specific Chapter/Information From The Report:
https://www.insightaceanalytic.com/customisation/2162
Segmentation of B2B2C Insurance Market-
By Product-
• Life
• Non-life
o Health Insurance
o Home Insurance
o Vehicle Insurance
o Personal Insurance
o Accident Insurance
o Others (Transport, Credit Insurance, etc.)
By Geographical scope
• National
• Multi-Country
• Regional
• Global
By Company size
• Large Enterprise
• Small & medium Enterprise
By Nature of business
• Brick & Mortar
• E-Commerce
• Multi channel
• Non-Commercial
• Service Company
By End Use Industry
• Banks & Financial Institution
• Automotives
• Utilities
• Retailers
• Travel
• Housing
• Others (Lifestyle, Telecom, etc.)
By Distributional Channel
• Online
• Offline
By Application
• Individual
• Corporation
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Get more information:@
https://www.insightaceanalytic.com/report/b2b2c-insurance-market/2162
Contact us:
info@insightaceanalytic.com
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
Twitter: https://twitter.com/Insightace
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
According to the latest research by InsightAce Analytic, the Global B2B2C Insurance Market is valued at US$ 767.53 Mn in 2022, and it is expected to reach US$ 1.77 Bn by 2031, with a CAGR of 9.96% during a forecast period of 2023-2031.
Request for Sample Pages:
https://www.insightaceanalytic.com/request-sample/2162
2B2C insurance, also known as business-to-business-to-consumer insurance, is a distribution model where insurance companies collaborate with retailers to sell insurance to consumers. This arrangement can involve insurance agents, telecom companies, private banks, retailers, and various digital entities. The increasing awareness among consumers regarding insurance and the growing number of insurance providers are expected to expand global B2B2C insurance trends. Intensifying competition among major industry players will propel the global market's growth. Additionally, stringent government regulations overseeing insurance services will contribute to the market's global growth. The rapid digitalization and the increasing use of social media platforms will foster the global market's expansion. A technological paradigm shift, marked by the advent of AI, telematics, and chatbots, has also played a pivotal role in driving the market's global expansion.
Moreover, the increasing adoption of insurance-related devices will further augment the size of the global market in the foreseeable future. Businesses have the opportunity to customize insurance products to align with their customer's specific needs, resulting in more personalized and relevant offerings. This, in turn, can enhance client satisfaction and foster customer loyalty.
List of Prominent Players in the B2B2C Insurance Market:
• Aditya Birla General Insurance
• Edelweiss General Insurance Company Limited
• AXA SA
• BNP Paribas SA.
• Allianz S
• Assicurazioni Generali S.p.A.
• Berkshire Hathaway Inc
• ICICI Lombard
• UnitedHealth Group Inc
• Tata-AIG General Insurance Co. Ltd.
• Aviva plc
• Berkshire Hathaway Inc.
• China Life Insurance Group
• Japan Post Holdings Co., Ltd.
• Munich Re Group
• Prudential plc
• UnitedHealth Group Inc.
• Others.
Market Dynamics:
Drivers-
The insurance industry's digital transformation has opened doors for B2B2C models, enabling insurers and businesses to harness digital platforms for more efficient insurance product distribution and improved customer experiences. As consumers increasingly seek personalized insurance solutions, B2B2C models enable collaboration between businesses and insurers to create tailored insurance products, ultimately driving higher customer satisfaction and loyalty. A technological paradigm shift, characterized by the emergence of AI, telematics, and chatbots, has been a key driver in the global expansion of this market. The growing adoption of insurance-related devices is poised to further expand the global market's size in the foreseeable future. Businesses can adapt insurance products to meet the specific needs of their customers, resulting in more individualized and pertinent offerings. This, in turn, has the potential to boost customer satisfaction and foster customer loyalty.
Curious about this latest version of the report? Enquiry Before Buying:https://www.insightaceanalytic.com/enquiry-before-buying/2162
Challenges:
B2B2C models involve multiple stakeholders, including insurers, businesses, and consumers. Coordinating and aligning the interests and operations of these different parties can be complex and challenging. Economic and market fluctuations can impact the demand for insurance and the profitability of insurance products. B2B2C models may need to adapt to changing economic conditions and customer preferences. Furthermore, implementing and integrating new technologies to support B2B2C operations can be challenging. It often involves bridging legacy systems with modern digital platforms, which can be time-consuming and costly, which hinders market growth.
Regional Trends:
The Asia Pacific green chemicals market is expected to register a major market share. As a result of the increasing awareness among customers in countries like Canada and the United States regarding the advantages of B2B2C insurance purchases, the demand for safety, security, and dependability will continue to propel the trends in the regional industry. Besides, North America had a substantial share of the market. Additionally, the expanding urban population and the growing per capita income in emerging economies will drive the expansion of the regional market.
Recent Developments
• In July 2023, Aviva agreed with Barclays UK to acquire its home insurance portfolio, which includes a consumer base of 350,000 individuals. This acquisition facilitated the insurer's aspirations to expand its retail insurance division, ensured that customers continued to receive exceptional service, and preserved Aviva's dominant position in the home insurance sector.
• In Dec 2020, ICICI Lombard has launched a digital platform for small and medium companies (SMEs) to purchase business insurance. The SME owners found the new site convenient for purchasing or renewing insurance products, endorsing policies, and registering claims. The corporation revealed that the business owners chose several insurance choices, including marine insurance and workmen's compensation.
Get Specific Chapter/Information From The Report:
https://www.insightaceanalytic.com/customisation/2162
Segmentation of B2B2C Insurance Market-
By Product-
• Life
• Non-life
o Health Insurance
o Home Insurance
o Vehicle Insurance
o Personal Insurance
o Accident Insurance
o Others (Transport, Credit Insurance, etc.)
By Geographical scope
• National
• Multi-Country
• Regional
• Global
By Company size
• Large Enterprise
• Small & medium Enterprise
By Nature of business
• Brick & Mortar
• E-Commerce
• Multi channel
• Non-Commercial
• Service Company
By End Use Industry
• Banks & Financial Institution
• Automotives
• Utilities
• Retailers
• Travel
• Housing
• Others (Lifestyle, Telecom, etc.)
By Distributional Channel
• Online
• Offline
By Application
• Individual
• Corporation
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Get more information:@
https://www.insightaceanalytic.com/report/b2b2c-insurance-market/2162
Contact us:
info@insightaceanalytic.com
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
Twitter: https://twitter.com/Insightace
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
