Variable Universal Life Insurance Market, Global Outlook and Forecast 2023-2032
Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to use is entirely up to the contract owner.
This report aims to provide a comprehensive presentation of the global market for Variable Universal Life 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 Variable Universal Life Insurance. This report contains market size and forecasts of Variable Universal Life Insurance in global, including the following market information:
Global Variable Universal Life Insurance Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Variable Universal Life 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.
Flexible Premium Universal Life Insurance Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Variable Universal Life Insurance include Allianz, AXA, Generali, Ping An Insurance, China Life Insurance, Prudential PLC, Munich Re, Zurich Insurance and Nippon Life Insurance, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Variable Universal Life 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 Variable Universal Life Insurance Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Variable Universal Life Insurance Market Segment Percentages, by Type, 2022 (%)
Flexible Premium Universal Life Insurance
Fixed Premium Universal Life Insurance
Global Variable Universal Life Insurance Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Variable Universal Life Insurance Market Segment Percentages, by Application, 2022 (%)
Agency
Digital & Direct Channels
Brokers
Bancassurance
Global Variable Universal Life Insurance Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Variable Universal Life 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 Variable Universal Life Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Variable Universal Life Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Allianz
AXA
Generali
Ping An Insurance
China Life Insurance
Prudential PLC
Munich Re
Zurich Insurance
Nippon Life Insurance
Japan Post Holdings
Berkshire Hathaway
Metlife
Manulife Financial
CPIC
Chubb
AIG
Aviva
Allstate
Swiss RE
Prudential Financial
Outline of Major Chapters:
Chapter 1: Introduces the definition of Variable Universal Life Insurance, market overview.
Chapter 2: Global Variable Universal Life Insurance market size in revenue.
Chapter 3: Detailed analysis of Variable Universal Life 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 Variable Universal Life 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.
