The global Microinsurance market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is to reach $ Million.
Lifetime Coverage Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Microinsurance include Bandhan Bank, HDFC Ergo General Insurance Company, Hollard, ICICI Bank, MetLife Services and Solutions, MicroEnsure Holdings Limited, National Insurance Commission, Standard Chartered Bank and Tata AIA Life, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Microinsurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microinsurance. This report contains market size and forecasts of Microinsurance in global, including the following market information:
Global Microinsurance Market Revenue, 2019-2024, 2025-2030, ($ millions)
Global top five companies in 2023 (%)
We surveyed the Microinsurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Microinsurance Market, by Type, 2019-2024, 2025-2030 ($ millions)
Global Microinsurance Market Segment Percentages, by Type, 2023 (%)
Lifetime Coverage
Term Insurance
Global Microinsurance Market, by Application, 2019-2024, 2025-2030 ($ millions)
Global Microinsurance Market Segment Percentages, by Application, 2023 (%)
Financial Institutions
E-Commerce
Hospitals
Clinics
Others
Global Microinsurance Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions)
Global Microinsurance Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Microinsurance revenues in global market, 2019-2024 (estimated), ($ millions)
Key companies Microinsurance revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bandhan Bank
HDFC Ergo General Insurance Company
Hollard
ICICI Bank
MetLife Services and Solutions
MicroEnsure Holdings Limited
National Insurance Commission
Standard Chartered Bank
Tata AIA Life
Wells Fargo
Outline of Major Chapters:
Chapter 1: Introduces the definition of Microinsurance, market overview.
Chapter 2: Global Microinsurance market size in revenue.
Chapter 3: Detailed analysis of Microinsurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Microinsurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Microinsurance Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Microinsurance Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Microinsurance Overall Market Size
2.1 Global Microinsurance Market Size: 2023 VS 2030
2.2 Global Microinsurance Market Size, Prospects & Forecasts: 2019-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Microinsurance Players in Global Market
3.2 Top Global Microinsurance Companies Ranked by Revenue
3.3 Global Microinsurance Revenue by Companies
3.4 Top 3 and Top 5 Microinsurance Companies in Global Market, by Revenue in 2023
3.5 Global Companies Microinsurance Product Type
3.6 Tier 1, Tier 2 and Tier 3 Microinsurance Players in Global Market
3.6.1 List of Global Tier 1 Microinsurance Companies
3.6.2 List of Global Tier 2 and Tier 3 Microinsurance Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Microinsurance Market Size Markets, 2023 & 2030
4.1.2 Lifetime Coverage
4.1.3 Term Insurance
4.2 By Type - Global Microinsurance Revenue & Forecasts
4.2.1 By Type - Global Microinsurance Revenue, 2019-2024
4.2.2 By Type - Global Microinsurance Revenue, 2025-2030
4.2.3 By Type - Global Microinsurance Revenue Market Share, 2019-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Microinsurance Market Size, 2023 & 2030
5.1.2 Financial Institutions
5.1.3 E-Commerce
5.1.4 Hospitals
5.1.5 Clinics
5.1.6 Others
5.2 By Application - Global Microinsurance Revenue & Forecasts
5.2.1 By Application - Global Microinsurance Revenue, 2019-2024
5.2.2 By Application - Global Microinsurance Revenue, 2025-2030
5.2.3 By Application - Global Microinsurance Revenue Market Share, 2019-2030
6 Sights by Region
6.1 By Region - Global Microinsurance Market Size, 2023 & 2030
6.2 By Region - Global Microinsurance Revenue & Forecasts
6.2.1 By Region - Global Microinsurance Revenue, 2019-2024
6.2.2 By Region - Global Microinsurance Revenue, 2025-2030
6.2.3 By Region - Global Microinsurance Revenue Market Share, 2019-2030
6.3 North America
6.3.1 By Country - North America Microinsurance Revenue, 2019-2030
6.3.2 US Microinsurance Market Size, 2019-2030
6.3.3 Canada Microinsurance Market Size, 2019-2030
6.3.4 Mexico Microinsurance Market Size, 2019-2030
6.4 Europe
6.4.1 By Country - Europe Microinsurance Revenue, 2019-2030
6.4.2 Germany Microinsurance Market Size, 2019-2030
6.4.3 France Microinsurance Market Size, 2019-2030
6.4.4 U.K. Microinsurance Market Size, 2019-2030
6.4.5 Italy Microinsurance Market Size, 2019-2030
6.4.6 Russia Microinsurance Market Size, 2019-2030
6.4.7 Nordic Countries Microinsurance Market Size, 2019-2030
6.4.8 Benelux Microinsurance Market Size, 2019-2030
6.5 Asia
6.5.1 By Region - Asia Microinsurance Revenue, 2019-2030
6.5.2 China Microinsurance Market Size, 2019-2030
6.5.3 Japan Microinsurance Market Size, 2019-2030
6.5.4 South Korea Microinsurance Market Size, 2019-2030
6.5.5 Southeast Asia Microinsurance Market Size, 2019-2030
6.5.6 India Microinsurance Market Size, 2019-2030
6.6 South America
6.6.1 By Country - South America Microinsurance Revenue, 2019-2030
6.6.2 Brazil Microinsurance Market Size, 2019-2030
6.6.3 Argentina Microinsurance Market Size, 2019-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Microinsurance Revenue, 2019-2030
6.7.2 Turkey Microinsurance Market Size, 2019-2030
6.7.3 Israel Microinsurance Market Size, 2019-2030
6.7.4 Saudi Arabia Microinsurance Market Size, 2019-2030
6.7.5 UAE Microinsurance Market Size, 2019-2030
7 Microinsurance Companies Profiles
7.1 Bandhan Bank
7.1.1 Bandhan Bank Company Summary
7.1.2 Bandhan Bank Business Overview
7.1.3 Bandhan Bank Microinsurance Major Product Offerings
7.1.4 Bandhan Bank Microinsurance Revenue in Global Market (2019-2024)
7.1.5 Bandhan Bank Key News & Latest Developments
7.2 HDFC Ergo General Insurance Company
7.2.1 HDFC Ergo General Insurance Company Company Summary
7.2.2 HDFC Ergo General Insurance Company Business Overview
7.2.3 HDFC Ergo General Insurance Company Microinsurance Major Product Offerings
7.2.4 HDFC Ergo General Insurance Company Microinsurance Revenue in Global Market (2019-2024)
7.2.5 HDFC Ergo General Insurance Company Key News & Latest Developments
7.3 Hollard
7.3.1 Hollard Company Summary
7.3.2 Hollard Business Overview
7.3.3 Hollard Microinsurance Major Product Offerings
7.3.4 Hollard Microinsurance Revenue in Global Market (2019-2024)
7.3.5 Hollard Key News & Latest Developments
7.4 ICICI Bank
7.4.1 ICICI Bank Company Summary
7.4.2 ICICI Bank Business Overview
7.4.3 ICICI Bank Microinsurance Major Product Offerings
7.4.4 ICICI Bank Microinsurance Revenue in Global Market (2019-2024)
7.4.5 ICICI Bank Key News & Latest Developments
7.5 MetLife Services and Solutions
7.5.1 MetLife Services and Solutions Company Summary
7.5.2 MetLife Services and Solutions Business Overview
7.5.3 MetLife Services and Solutions Microinsurance Major Product Offerings
7.5.4 MetLife Services and Solutions Microinsurance Revenue in Global Market (2019-2024)
7.5.5 MetLife Services and Solutions Key News & Latest Developments
7.6 MicroEnsure Holdings Limited
7.6.1 MicroEnsure Holdings Limited Company Summary
7.6.2 MicroEnsure Holdings Limited Business Overview
7.6.3 MicroEnsure Holdings Limited Microinsurance Major Product Offerings
7.6.4 MicroEnsure Holdings Limited Microinsurance Revenue in Global Market (2019-2024)
7.6.5 MicroEnsure Holdings Limited Key News & Latest Developments
7.7 National Insurance Commission
7.7.1 National Insurance Commission Company Summary
7.7.2 National Insurance Commission Business Overview
7.7.3 National Insurance Commission Microinsurance Major Product Offerings
7.7.4 National Insurance Commission Microinsurance Revenue in Global Market (2019-2024)
7.7.5 National Insurance Commission Key News & Latest Developments
7.8 Standard Chartered Bank
7.8.1 Standard Chartered Bank Company Summary
7.8.2 Standard Chartered Bank Business Overview
7.8.3 Standard Chartered Bank Microinsurance Major Product Offerings
7.8.4 Standard Chartered Bank Microinsurance Revenue in Global Market (2019-2024)
7.8.5 Standard Chartered Bank Key News & Latest Developments
7.9 Tata AIA Life
7.9.1 Tata AIA Life Company Summary
7.9.2 Tata AIA Life Business Overview
7.9.3 Tata AIA Life Microinsurance Major Product Offerings
7.9.4 Tata AIA Life Microinsurance Revenue in Global Market (2019-2024)
7.9.5 Tata AIA Life Key News & Latest Developments
7.10 Wells Fargo
7.10.1 Wells Fargo Company Summary
7.10.2 Wells Fargo Business Overview
7.10.3 Wells Fargo Microinsurance Major Product Offerings
7.10.4 Wells Fargo Microinsurance Revenue in Global Market (2019-2024)
7.10.5 Wells Fargo Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Microinsurance Market Opportunities & Trends in Global Market
Table 2. Microinsurance Market Drivers in Global Market
Table 3. Microinsurance Market Restraints in Global Market
Table 4. Key Players of Microinsurance in Global Market
Table 5. Top Microinsurance Players in Global Market, Ranking by Revenue (2023)
Table 6. Global Microinsurance Revenue by Companies, (US$, Mn), 2019-2024
Table 7. Global Microinsurance Revenue Share by Companies, 2019-2024
Table 8. Global Companies Microinsurance Product Type
Table 9. List of Global Tier 1 Microinsurance Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Microinsurance Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 11. By Type ? Global Microinsurance Revenue, (US$, Mn), 2023 & 2030
Table 12. By Type - Microinsurance Revenue in Global (US$, Mn), 2019-2024
Table 13. By Type - Microinsurance Revenue in Global (US$, Mn), 2025-2030
Table 14. By Application ? Global Microinsurance Revenue, (US$, Mn), 2023 & 2030
Table 15. By Application - Microinsurance Revenue in Global (US$, Mn), 2019-2024
Table 16. By Application - Microinsurance Revenue in Global (US$, Mn), 2025-2030
Table 17. By Region ? Global Microinsurance Revenue, (US$, Mn), 2023 & 2030
Table 18. By Region - Global Microinsurance Revenue (US$, Mn), 2019-2024
Table 19. By Region - Global Microinsurance Revenue (US$, Mn), 2025-2030
Table 20. By Country - North America Microinsurance Revenue, (US$, Mn), 2019-2024
Table 21. By Country - North America Microinsurance Revenue, (US$, Mn), 2025-2030
Table 22. By Country - Europe Microinsurance Revenue, (US$, Mn), 2019-2024
Table 23. By Country - Europe Microinsurance Revenue, (US$, Mn), 2025-2030
Table 24. By Region - Asia Microinsurance Revenue, (US$, Mn), 2019-2024
Table 25. By Region - Asia Microinsurance Revenue, (US$, Mn), 2025-2030
Table 26. By Country - South America Microinsurance Revenue, (US$, Mn), 2019-2024
Table 27. By Country - South America Microinsurance Revenue, (US$, Mn), 2025-2030
Table 28. By Country - Middle East & Africa Microinsurance Revenue, (US$, Mn), 2019-2024
Table 29. By Country - Middle East & Africa Microinsurance Revenue, (US$, Mn), 2025-2030
Table 30. Bandhan Bank Company Summary
Table 31. Bandhan Bank Microinsurance Product Offerings
Table 32. Bandhan Bank Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 33. Bandhan Bank Key News & Latest Developments
Table 34. HDFC Ergo General Insurance Company Company Summary
Table 35. HDFC Ergo General Insurance Company Microinsurance Product Offerings
Table 36. HDFC Ergo General Insurance Company Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 37. HDFC Ergo General Insurance Company Key News & Latest Developments
Table 38. Hollard Company Summary
Table 39. Hollard Microinsurance Product Offerings
Table 40. Hollard Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 41. Hollard Key News & Latest Developments
Table 42. ICICI Bank Company Summary
Table 43. ICICI Bank Microinsurance Product Offerings
Table 44. ICICI Bank Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 45. ICICI Bank Key News & Latest Developments
Table 46. MetLife Services and Solutions Company Summary
Table 47. MetLife Services and Solutions Microinsurance Product Offerings
Table 48. MetLife Services and Solutions Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 49. MetLife Services and Solutions Key News & Latest Developments
Table 50. MicroEnsure Holdings Limited Company Summary
Table 51. MicroEnsure Holdings Limited Microinsurance Product Offerings
Table 52. MicroEnsure Holdings Limited Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 53. MicroEnsure Holdings Limited Key News & Latest Developments
Table 54. National Insurance Commission Company Summary
Table 55. National Insurance Commission Microinsurance Product Offerings
Table 56. National Insurance Commission Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 57. National Insurance Commission Key News & Latest Developments
Table 58. Standard Chartered Bank Company Summary
Table 59. Standard Chartered Bank Microinsurance Product Offerings
Table 60. Standard Chartered Bank Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 61. Standard Chartered Bank Key News & Latest Developments
Table 62. Tata AIA Life Company Summary
Table 63. Tata AIA Life Microinsurance Product Offerings
Table 64. Tata AIA Life Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 65. Tata AIA Life Key News & Latest Developments
Table 66. Wells Fargo Company Summary
Table 67. Wells Fargo Microinsurance Product Offerings
Table 68. Wells Fargo Microinsurance Revenue (US$, Mn) & (2019-2024)
Table 69. Wells Fargo Key News & Latest Developments
List of Figures
Figure 1. Microinsurance Segment by Type in 2023
Figure 2. Microinsurance Segment by Application in 2023
Figure 3. Global Microinsurance Market Overview: 2023
Figure 4. Key Caveats
Figure 5. Global Microinsurance Market Size: 2023 VS 2030 (US$, Mn)
Figure 6. Global Microinsurance Revenue, 2019-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Microinsurance Revenue in 2023
Figure 8. By Type - Global Microinsurance Revenue Market Share, 2019-2030
Figure 9. By Application - Global Microinsurance Revenue Market Share, 2019-2030
Figure 10. By Type - Global Microinsurance Revenue, (US$, Mn), 2023 & 2030
Figure 11. By Type - Global Microinsurance Revenue Market Share, 2019-2030
Figure 12. By Application - Global Microinsurance Revenue, (US$, Mn), 2023 & 2030
Figure 13. By Application - Global Microinsurance Revenue Market Share, 2019-2030
Figure 14. By Region - Global Microinsurance Revenue Market Share, 2019-2030
Figure 15. By Country - North America Microinsurance Revenue Market Share, 2019-2030
Figure 16. US Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 17. Canada Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 18. Mexico Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 19. By Country - Europe Microinsurance Revenue Market Share, 2019-2030
Figure 20. Germany Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 21. France Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 22. U.K. Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 23. Italy Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 24. Russia Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 25. Nordic Countries Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 26. Benelux Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 27. By Region - Asia Microinsurance Revenue Market Share, 2019-2030
Figure 28. China Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 29. Japan Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 30. South Korea Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 31. Southeast Asia Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 32. India Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 33. By Country - South America Microinsurance Revenue Market Share, 2019-2030
Figure 34. Brazil Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 35. Argentina Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 36. By Country - Middle East & Africa Microinsurance Revenue Market Share, 2019-2030
Figure 37. Turkey Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 38. Israel Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 39. Saudi Arabia Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 40. UAE Microinsurance Revenue, (US$, Mn), 2019-2030
Figure 41. Bandhan Bank Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 42. HDFC Ergo General Insurance Company Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 43. Hollard Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 44. ICICI Bank Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 45. MetLife Services and Solutions Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 46. MicroEnsure Holdings Limited Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 47. National Insurance Commission Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 48. Standard Chartered Bank Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 49. Tata AIA Life Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 50. Wells Fargo Microinsurance Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
