What is Corporate Owned Life Insurance Market Scope?
Corporate-owned life insurance (COLI) is life insurance on employees' lives that is owned by the employer, with benefits payable either to the employer or directly to the employee's families. COLI is a funding strategy that has been broadly utilized by public and private companies, financial institutions, banks and insurance companies as a means of financing executive benefit obligations. COLI offers death benefit protection with an array of unique and preferential tax and accounting opportunities.
The Corporate Owned Life Insurance market study is being classified by Type (The Key Person Insurance and General Employee Insurance), by Application (Small and Medium-sized Enterprises and Large-scale Enterprise) and major geographies with country level break-up.
The market is highly competitive with the presence of several prominent vendors. These players are adopting some organic and inorganic strategies such as a merger, acquisition, partnership, among others in order to gain a competitive advantage. Moreover, leading players are growing their online presence in order to offer an enhanced customer experience. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Corporate Owned Life Insurance market throughout the predicted period.
Allianz (Germany), State Farm Insurance (United States), American Intl. Group (United States), AXA (France), Cardinal Health (United States), Nippon Life Insurance (India), Munich Re Group (Germany), Assicurazioni Generali (Italy), Aviva (United Kingdom), Dai-ichi Mutual Life Insurance (Japan), MetLife (United States), Prudential Financial (United States), Zurich Financial Services (Switzerland) and Meiji Life Insurance (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Allstate (United States), Sumitomo Life Insurance (Japan), New York Life Insurance (United States), Aegon (United States), Asahi Mutual Life Insurance (Japan), Royal & Sun Alliance (United Kingdom), Aetna (United States), Mitsui Mutual Life Insurance (Japan), TIAA-CREF (United States), Yasuda Mutual Life Insurance (Japan), Standard Life Assurance (United Kingdom), CNP Assurances (France), Swiss Reinsurance (Switzerland) and PingAn (China).
Analyst at AMA have segmented the market study of Global Corporate Owned Life Insurance market by Type, Application and Region.
On the basis of geography, the market of Corporate Owned Life Insurance has been segmented into 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).
- Growing Corporate Sector across the Globe
- Rising Demand for the COLI in Order to Reduce Tax
- Upsurging Demand from Developing Countries
- An Availability of Other Insurance Policies
- Change to the Taxation of Life Insurance
Key Target AudienceCorporate Owned Life Insurance Companies, Upstream & Downstream Vendors, Regulatory & Government Bodies, End Users and Others
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