Short Term Insurance Market, Global Outlook and Forecast 2023-2032
Short-term insurance is insurance that can be purchased for a short period of time as opposed the typical annual policy; it is meant to meet the temporary insurance needs of those who purchase it. The main difference between short-term and long-term insurance is simply how long a contract will last. The Insurance term is usually up to 12 months
This report aims to provide a comprehensive presentation of the global market for Short Term Insurance, 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 Short Term Insurance. This report contains market size and forecasts of Short Term Insurance in global, including the following market information:
Global Short Term Insurance Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Short Term Insurance market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, 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 2022, While China is to reach $ Million.
By Product Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Short Term Insurance include UnitedHealthcare, OUTsurance, National General, The IHC Group, Cuvva, Aviva, PSG Konsult Ltd, State Farm and National Health Insurance Company, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Short Term Insurance 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 Short Term Insurance Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Short Term Insurance Market Segment Percentages, by Type, 2022 (%)
By Product
Homeowner Insurance
Household Insurance
Vehicle Insurance
Personal Liability Insurance
Others
By Term
1 Month
2 Months
3 Months
4 Months
5 Months
6 Months
6-12 Months
Global Short Term Insurance Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Short Term Insurance Market Segment Percentages, by Application, 2022 (%)
Individual
Group
Global Short Term Insurance Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Short Term Insurance Market Segment Percentages, By Region and Country, 2022 (%)
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 Short Term Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Short Term Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
UnitedHealthcare
OUTsurance
National General
The IHC Group
Cuvva
Aviva
PSG Konsult Ltd
State Farm
National Health Insurance Company
SBI Holdings
Santam
USAA
Lidwala Insurance
Liberty Mutual
Chubb
CPIC
AIG
VIVA VIDA
Aeon Life
Outline of Major Chapters:
Chapter 1: Introduces the definition of Short Term Insurance, market overview.
Chapter 2: Global Short Term Insurance market size in revenue.
Chapter 3: Detailed analysis of Short Term Insurance 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 Short Term Insurance 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.
