What is Body part Insurance Market?
The purpose of body part coverage is to supplement lost income if a body part is damaged, injured, scarred, handicapped, or lost. The body part insurance isn't offered by standard insurance companies and is highly personalized, it's not accessible to the general public. But if one can afford it, there's no reason why one can't buy it, too. Specialty, insurance providers, like Lloyd’s of London, will insure body parts. Most policies are created from scratch, specific to a person's needs.
The market study is being classified, by Application (Personal and Enterprise) and major geographies with country level break-up.
Zurich Financial Services (Switzerland), Munich Re Group (Germany), Axa (France), Nippon Life Insurance (India), Aviva (United Kingdom), Berkshire Hathaway (United States), Assicurazioni Generali (Italy), Aig (United States), Ing Group (Netherlands), Allianz (Germany), Geico (United States), Metlife (United States) and Allstate (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Body part Insurance market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Body part Insurance market by Type, Application and Region.
On the basis of geography, the market of Body part 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Benefits of Body Parts Insurance is Fuelling the Market
- Increasing Awareness About the Body Part Insurance
- High Costs Associated with the Insurance
- Growing Online Sales Channel
- Increasing Disposable Income
- Limited Availability of Body Part Insurers
Key Target AudienceInsurance company, Government associations, Research organizations and Others
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