Global B2B2C Insurance Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope Business-to-business-to-consumer (B2B2C) insurance applies to the sale of life and general insurance products and services through non-insurance mediators other than traditional insurance intermediaries such as brokers, independent financial advisors, and agents. It also includes the direct sale of insurance to consumers. The B2B2C insurance is engaged in providing both life insurance and general insurance services. Sizing and Forecast The B2B2C insurance market size has grown strongly in recent years. It will grow from $3.95 billion in 2023 to $4.29 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to complexity of commercial risks, regulatory compliance requirements, globalization of business operations, industry-specific coverage needs, risk management strategies. The B2B2C insurance market size is expected to see strong growth in the next few years. It will grow to $6.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to environmental and climate-related risks, business continuity planning, employee well-being programs, diversification of insurance products, personalization of coverage. Major trends in the forecast period include digital transformation in distribution channels, insurtech innovations, ecosystem partnerships, usage-based insurance models, integration with digital ecosystems. Order your report now for swift delivery, visit the link: https://www.thebusinessresearchcompany.com/report/b2b2c-insurance-global-market-report Segmentation & Regional Insights The B2B2C insurance market covered in this report is segmented – 1) By Type: Life Insurance, Non-Life Insurance 2) By Distribution Channel: Online, Offline 3) By End Use Industry: Bank And Financial Institutions, Automotive, Utilities, Retailers, Telecom, Other End Use Industries Asia-Pacific was the largest region in the B2B2C insurance market in 2023. The regions covered in the b2b2c insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on a free sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=5231&type=smp Major Driver Impacting Market Growth The expansion of the automobile industry is expected to propel the growth of the B2B2C insurance market in the coming years. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design, development, production, marketing, and sale of automobiles. B2B2C insurance protects the policyholder's belongings and assets, such as automobiles, from financial losses and damage. Car insurance is like a long-term contract that covers the price of various damages that may arise because of unanticipated events. According to the Economist Intelligence Unit (The EIU), in 2021, the global automotive sector is expected to grow by double digits, with new car sales increasing by 15% and commercial vehicle sales increasing by 16%. Electric vehicle sales are expected to increase from 2.5 million in 2020 to 3.4 million in 2021. Therefore, the growth in the automobile industry drives the growth of the B2B2C insurance market. Key Industry Players Major companies operating in the B2B2C insurance market report are UnitedHealth Group Inc., Berkshire Hathaway Inc., Allianz SE, Axa S.A., Japan Post Holdings Co., BNP Paribas S.A., Prudential Financial Inc., Aditya Birla Group, Munich Re Group, Swiss Reinsurance Company Ltd., Zurich Insurance Group Ltd., Porto Seguro S.A., Tata-AIG General Insurance Co. Ltd., ICICI Lombard General Insurance Company Limited, Bolttech Management Limited, Bsurance GmbH, Edelweiss General Insurance Company Limited, BridgeNet Insurance, DriveWealth LLC, ASSICURAZIONI GENERALI S.P.A., China Life Insurance Group, Alpaca VN, Inclusivity Solutions, The Digital Insurer, Wrisk Ltd., Anorak Technologies Limited, Dream Insurance, Assurity Group Inc., Bajaj Allianz Life Insurance Co. Ltd., Afficiency The b2b2c insurance market report table of contents includes: 1. Executive Summary 2. B2B2C Insurance Market Characteristics 3. B2B2C Insurance Market Trends And Strategies 4. B2B2C Insurance Market - Macro Economic Scenario 5. Global B2B2C Insurance Market Size and Growth ... 32. Global B2B2C Insurance Market Competitive Benchmarking 33. Global B2B2C Insurance Market Competitive Dashboard 34. Key Mergers And Acquisitions In The B2B2C Insurance Market 35. B2B2C Insurance Market Future Outlook and Potential Analysis 36. Appendix Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitte