Life Insurance North America (NAFTA) Industry Guide 2014-2023

Abstract

Summary

The NAFTA Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the NAFTA life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies.

Key Highlights

- The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The life insurance industry within the NAFTA countries had a total market value of $659.6 billion in 2018.The Mexico was the fastest growing country, with a CAGR of 8.4% over the 2014-18 period.
- Within the life insurance industry, the US is the leading country among the NAFTA bloc, with market revenues of $593.4 billion in 2018. This was followed by Canada and Mexico, with a value of $54.0 and $12.1 billion, respectively.
- The US is expected to lead the life insurance industry in the NAFTA bloc, with a value of $729.2 billion in 2023, followed by Canada and Mexico with expected values of $64.9 and $16.1 billion, respectively.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the NAFTA life insurance market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA life insurance market
- Leading company profiles reveal details of key life insurance market players’ NAFTA operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA life insurance market with five year forecasts
- Compares data from the US, Canada and Mexico, alongside individual chapters on each country

Reasons to Buy

- What was the size of the NAFTA life insurance market by value in 2018?
- What will be the size of the NAFTA life insurance market in 2023?
- What factors are affecting the strength of competition in the NAFTA life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in the NAFTA life insurance market?

Content

Table of Contents
1 Introduction
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 NAFTA Life Insurance
2.1. Industry Outlook
3 Life Insurance in Canada
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
3.6. Macroeconomic Indicators
4 Life Insurance in Mexico
4.1. Market Overview
4.2. Market Data
4.3. Market Segmentation
4.4. Market outlook
4.5. Five forces analysis
4.6. Macroeconomic Indicators
5 Life Insurance in The United States
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
5.6. Macroeconomic Indicators
6 Company Profiles
6.1. Chubb Ltd
6.2. CIGNA HealthCare
6.3. MetLife Inc
6.4. Globe Life Inc
6.5. Grupo Nacional Provincial SAB
6.6. Grupo Financiero Banorte SA de CV
6.7. AXA SA
6.8. The Northwestern Mutual Life Insurance Co
6.9. New York Life Insurance Co
6.10. Prudential Plc
7 Appendix
7.1. Methodology
7.2. About MarketLine

List of Tables
Table 1: NAFTA countries Life Insurance industry, revenue ($bn), 2014-23
Table 2: NAFTA countries Life Insurance industry, revenue ($bn), 2014-18
Table 3: NAFTA countries Life Insurance industry forecast, revenue ($bn), 2018-23
Table 4: Canada life insurance market value: $ billion, 2014-18
Table 5: Canada life insurance market category segmentation: $ billion, 2018
Table 6: Canada life insurance market geography segmentation: $ billion, 2018
Table 7: Canada life insurance market share: % share, by value, 2018
Table 8: Canada life insurance market value forecast: $ billion, 2018-23
Table 9: Canada size of population (million), 2014-18
Table 10: Canada gdp (constant 2005 prices, $ billion), 2014-18
Table 11: Canada gdp (current prices, $ billion), 2014-18
Table 12: Canada inflation, 2014-18
Table 13: Canada consumer price index (absolute), 2014-18
Table 14: Canada exchange rate, 2014-18
Table 15: Mexico life insurance market value: $ billion, 2014-18
Table 16: Mexico life insurance market category segmentation: $ billion, 2018
Table 17: Mexico life insurance market geography segmentation: $ billion, 2018
Table 18: Mexico life insurance market share: % share, by value, 2018
Table 19: Mexico life insurance market value forecast: $ billion, 2018-23
Table 20: Mexico size of population (million), 2014-18
Table 21: Mexico gdp (constant 2005 prices, $ billion), 2014-18
Table 22: Mexico gdp (current prices, $ billion), 2014-18
Table 23: Mexico inflation, 2014-18
Table 24: Mexico consumer price index (absolute), 2014-18
Table 25: Mexico exchange rate, 2014-18
Table 26: United States life insurance market value: $ billion, 2014-18
Table 27: United States life insurance market category segmentation: $ billion, 2018
Table 28: United States life insurance market geography segmentation: $ billion, 2018
Table 29: United States life insurance market share: % share, by value, 2018
Table 30: United States life insurance market value forecast: $ billion, 2018-23
Table 31: United States size of population (million), 2014-18
Table 32: United States gdp (constant 2005 prices, $ billion), 2014-18
Table 33: United States gdp (current prices, $ billion), 2014-18
Table 34: United States inflation, 2014-18
Table 35: United States consumer price index (absolute), 2014-18
Table 36: United States exchange rate, 2014-18
Table 37: Chubb Ltd: key facts
Table 38: Chubb Ltd: Annual Financial Ratios
Table 39: Chubb Ltd: Key Employees
Table 40: Chubb Ltd: Key Employees Continued
Table 41: Chubb Ltd: Key Employees Continued
Table 42: Chubb Ltd: Key Employees Continued
Table 43: CIGNA HealthCare: key facts
Table 44: CIGNA HealthCare: Key Employees
Table 45: MetLife Inc: key facts
Table 46: MetLife Inc: Annual Financial Ratios
Table 47: MetLife Inc: Key Employees
Table 48: MetLife Inc: Key Employees Continued
Table 49: Globe Life Inc: key facts
Table 50: Globe Life Inc: Annual Financial Ratios

List of Figures
Figure 1: NAFTA countries Life Insurance industry, revenue ($bn), 2014-23
Figure 2: NAFTA countries Life Insurance industry, revenue ($bn), 2014-18
Figure 3: NAFTA countries Life Insurance industry forecast, revenue ($bn), 2018-23
Figure 4: Canada life insurance market value: $ billion, 2014-18
Figure 5: Canada life insurance market category segmentation: % share, by value, 2018
Figure 6: Canada life insurance market geography segmentation: % share, by value, 2018
Figure 7: Canada life insurance market share: % share, by value, 2018
Figure 8: Canada life insurance market value forecast: $ billion, 2018-23
Figure 9: Forces driving competition in the life insurance market in Canada, 2018
Figure 10: Drivers of buyer power in the life insurance market in Canada, 2018
Figure 11: Drivers of supplier power in the life insurance market in Canada, 2018
Figure 12: Factors influencing the likelihood of new entrants in the life insurance market in Canada, 2018
Figure 13: Factors influencing the threat of substitutes in the life insurance market in Canada, 2018
Figure 14: Drivers of degree of rivalry in the life insurance market in Canada, 2018
Figure 15: Mexico life insurance market value: $ billion, 2014-18
Figure 16: Mexico life insurance market category segmentation: % share, by value, 2018
Figure 17: Mexico life insurance market geography segmentation: % share, by value, 2018
Figure 18: Mexico life insurance market share: % share, by value, 2018
Figure 19: Mexico life insurance market value forecast: $ billion, 2018-23
Figure 20: Forces driving competition in the life insurance market in Mexico, 2018
Figure 21: Drivers of buyer power in the life insurance market in Mexico, 2018
Figure 22: Drivers of supplier power in the life insurance market in Mexico, 2018
Figure 23: Factors influencing the likelihood of new entrants in the life insurance market in Mexico, 2018
Figure 24: Factors influencing the threat of substitutes in the life insurance market in Mexico, 2018
Figure 25: Drivers of degree of rivalry in the life insurance market in Mexico, 2018
Figure 26: United States life insurance market value: $ billion, 2014-18
Figure 27: United States life insurance market category segmentation: % share, by value, 2018
Figure 28: United States life insurance market geography segmentation: % share, by value, 2018
Figure 29: United States life insurance market share: % share, by value, 2018
Figure 30: United States life insurance market value forecast: $ billion, 2018-23
Figure 31: Forces driving competition in the life insurance market in the United States, 2018
Figure 32: Drivers of buyer power in the life insurance market in the United States, 2018
Figure 33: Drivers of supplier power in the life insurance market in the United States, 2018
Figure 34: Factors influencing the likelihood of new entrants in the life insurance market in the United States, 2018
Figure 35: Factors influencing the threat of substitutes in the life insurance market in the United States, 2018
Figure 36: Drivers of degree of rivalry in the life insurance market in the United States, 2018