Market Highlights: Juvenile Insurance are the Insurance policies which are specifically designed for people under the age of 18 or 17 depending on the country. They are also known to provide wide tax advantaged savings, resulting in them emerging as financial planning tool. There are three major juvenile insurances offered, which include survival insurance, death insurance and the full comprehensive insurance. The Juvenile insurance can be segmented into two major parts based on the age group, that is under 10 and between 10 to 18 age group. Rising Insurance markets penetration and emergence of global pandemic has accelerated the market of the juvenile insurance. Currently, North America and Europe are the two prominent juvenile insurance markets. The market study is being classified by Type (Survival insurance, Death insurance and Full insurance), by Application (Below 10 Years Old and 10-18 Years Old) and major geographies with country level break-up that includes 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).
Key Players: The prominent players in the Juvenile Insurance are Allianz (Germany), MetLife (United States), AXA (France), PingAn (China), Assicurazioni Generali S.p.A. (Italy), Dai-ichi Mutual Life Insurance (Japan), Sumitomo Life Insurance (Japan), Aviva Plc (United Kingdom), Munich Re Group (Germany), Gerber Life Insurance (United States), Royal Neighbors of America, Liberty Bankers Life and Foresters Financial (Canada).
Key Questions Answered in the Report What will the Juvenile Insurance Market size and the growth rate be in Future? What are the key factors driving the Juvenile Insurance Market? What are the key market trends and macro-economic impacting the growth of the Juvenile Insurance Market? What are the challenges to market growth? Who are the key vendors in the Juvenile Insurance Market? What are the market opportunities and threats faced by the vendors in the Juvenile Insurance Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Juvenile Insurance Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Juvenile Insurance market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Juvenile Insurance market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Juvenile Insurance Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.